Construction Project Management Terms

Concise yet insightful!

𝟱 𝗞𝗲𝘆 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗧𝗲𝗿𝗺𝘀 𝗘𝘃𝗲𝗿𝘆 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗞𝗻𝗼𝘄
Mastering the language of project management is crucial for keeping your projects on track. Here are 5 essential terms that every construction project manager needs to understand and apply in their work:

🟥 𝗙𝗹𝗼𝗮𝘁 ⏳

What it means: The amount of time a task can be delayed without affecting the project’s end date.

Why it matters: Knowing the float gives you flexibility in managing your schedule and helps prioritize tasks that are critical to timely completion.

🟧 𝗖𝗿𝗮𝘀𝗵𝗶𝗻𝗴 🚀

What it means: Adding resources to speed up task completion.

Why it matters: Crashing allows you to meet tight deadlines but should be used carefully to avoid overburdening your team and increasing costs.

🟨 𝗙𝗮𝘀𝘁 𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴 🏃‍♂️

What it means: Performing tasks in parallel that were originally scheduled sequentially.

Why it matters: Fast tracking can save time, but it increases risk, so it's important to manage dependencies carefully.

🟩 𝗟𝗲𝗮𝗱 𝗧𝗶𝗺𝗲 🔄

What it means: The time required before a task can start.

Why it matters: Planning for lead time ensures tasks start on schedule, preventing unnecessary delays.

🟦 𝗟𝗮𝗴 𝗧𝗶𝗺𝗲 ⏳

What it means: The delay between the completion of one task and the start of another.

Why it matters: Properly managing lag time helps optimize the workflow and prevents bottlenecks in the project schedule.