Construction Project Management: Real Estate Development

by George Purdy

Although the housing sector is experiencing a slump caused by the sub-prime mortgage crisis, it is known that infrastructure will remain on of the essential pillars and drivers of modern economies. The scale of housing and infrastructure construction projects has grown to huge proportions and excellence in construction project management is being acknowledged more than ever.

In our era of massive housing projects, colossal dams, new airport projects and turn-key industrial townships, construction project management has become a highly marketable profession. It is no surprise, then, that those with certification in applied management project software, whether they are experienced professionals or freshly graduated college students, are now receiving six figure salaries despite the recent slump in the modern housing market. The Project Management Institute is renowned for granting certifications in this field.

A good construction management course tends to build on concepts and methods of fields like civil engineering, applied management, law, architecture, information technology, social and behavioral sciences. It also combines theory with practice. The knowledge and practices of the infrastructure sector of the economy are getting more and more complex. Accordingly, it demands people with training in multiple areas who can connect technology and management together.

Taking theoretical courses in construction project management are essential for building a stable foundation in both the fundamental phenomena and the relationships that are unique to the changes occurring in the communications area. However, applied courses should form the bulk of the student’s education, for it enables them to relate construction project management theories to practical problems relating to the infrastructure, communication, and various real estate development projects.

The start of college majors in construction project management at a number of American and British universities can be traced back to an international workshop in 1986. At this workshop, technocrats from the construction industry joined hands with business leaders and leading academics to build cooperation for standardizing and improving the practices in the infrastructure industry and allied fields.

Real estate development has become a high profit and high risk business. Many industrial houses and corporations have expanded into this area. Certified construction project managers can find many opportunities to succeed and profit in the real estate business. Perhaps you should consider a career in one of the most lucrative and rewarding fields - construction management.

Infrastructure, real estate, and other sectors are pillars of modern economy. Demonstrated excellence in construction project management is critical to the success of these businesses with high risks, and even higher rewards. It is advised to take courses in applied management project software and management theories. These courses should be followed by practical hand-on application to reinforce the learning. People from academia, industry and regulatory bodies came together in 1986 and designed the syllabi of such courses. You may choose to obtain a certificate in project infrastructure project management from project management institute.

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