Construction projects are not free from risks or challenges, so managers should have the right strategies to tackle them successfully. When it comes to the three biggest risks that adversely affect the project, they are safety, management and financial. In order to reduce or mitigate them completely, project managers should plan in advance and devise risk management strategies for each of them to prevent loss of time or money.
Kanat Sultanbekov New York- ways to manage risks and challenges
Kanat Sultanbekov is a widely respected construction project manager with expertise in the alignment of safety practices, operational processes, and risk management strategies. He is from New York and has an outstanding track record of performance and completing his projects on time.
Managers should be aware of the potential risks to any project before the work begins. They should survey the area and list the potential hazards that could occur if overlooked. At the same time, they have the responsibility of keeping everyone associated with the site work safe.
According to Kanat Sultanbekov New York, construction managers should carry out regular safety programs to ensure workers on the site are protected from internal and external risks. The internal chances are the dangers of operating heavy machines or power tools on the site incorrectly or using faulty tools to finish a task, etc.
The external risks to construction projects entail lousy weather, storms, extreme heat, etc. The manager should be aware of weather reports and forecasts to schedule the tasks for the day so that the workers are safe and free from any potential danger.
Maintaining the financial records accurately
Cash flow and the availability of funds are essential in the lifecycle of a construction project. The manager should keep track of the invoices that are unpaid so that there are no cash crunches to stall the progress of the project. Managers can take the help of accounting software platforms to keep track of the cash flow and prevent the work from stopping. Quality of the work is essential as well, so managers should ensure that the team is clear about their tasks for the day. Repairs and any duplicate work costs the project dear and waste both time and money.
Another issue that construction projects face today is the rising costs of raw materials. Managers should use recycled materials to save costs and ensure the progress of the project is as per its expected timeline. Moreover, using green sustainable materials also invokes trust and credibility in the market, especially for construction companies.
According to Kanat Sultanbekov New York, management challenges and issues might arise if there is a lack of collaboration and team spirit between the workers. Delegation of roles and responsibilities to the right workers will alleviate a lot of stress, as a manager cannot look into every detail personally. At the same time, it is essential for a manager to have a transparent chain and medium of communication so that problems are resolved fast. Managers should listen to workers and their concerns so that internal conflicts can be resolved before they culminate into more significant issues if ignored with time.