How can a project Manager achieve MAXIMUM PROFIT with a MINIMUM COST in a CONSTRUCTION INDUSTRY?

• Study the scope of works thoroughly
• Understand the contract and find the areas where client can plug in more scope and be prepared.
• Identify deliverables correctly, and the time frame.
• Avoid the specifications being vague, clarify during Tender stage itself. 
• Understand what the client needs
• Deliver what the client asked and only what client asked (Quality control)
• Change management is crucial
• Stick to keep recording of all correspondence properly
• Follow the programme, forecast periodically
• Make sure Site managers and supervisors are made aware of the scope and methodology to follow, share information of construction methodology, there are both costlier and cheaper methods available, share knowledge.
• Cost control should be part of weekly meeting, material control (both temp and project) should be priority.
• Conduct weekly coordination meeting, communication is critical.

can find many more if we drill deep.

Regards

All activities or tasks must be Done correct first time to avoid repetitive/demolishing works.

Factors:

Quality

Safety

within Budget