The crisis in construction ends
Budget review during and after crises
In this case, we as project managers should focus on two perspectives. First, on the current environment and second, on the post-crisis period. As we know that smooth cash flow is important for project activities, the estimated project budget should be reviewed again within a crisis and reallocated based on the two perspectives. Identify the current project stage and priorities to ensure optimal cash flow. Both perspectives need to be considered here: Today and tomorrow, or to rephrase it – during and after the crisis.
Adapting the way of working while taking all safety measures into account
Construction companies tried to take measures to reduce the spread of COVID-19, such as social distancing. The possibility for employees in the construction industry to work from home was difficult to implement. We know that construction projects are of longer duration and involve a variety of stakeholders, and that it is difficult to make adjustments. On a day-to-day basis, there were many new challenges and each of us had to adapt – and so did construction companies. They had to look for innovative and creative ways to cushion the severity of the COVID-19 crisis on project activities. As project managers, we can review and revise project planning, we can identify cost and time variances, and we can communicate our revised milestone targets with all stakeholders, and perhaps it is these freedoms and skills that have helped us deal with the pandemic?
