The main responsibility of a project manager during a real estate project is planning, organizing and controlling the project. With that said, a strong project manager may be one of the most important aspects for its success. Project management is a discipline of planning, executing and managing resources to complete the project goals within a specific time frame.
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Most successful project managers have a unique skill set and personality. Three qualities that I often see in successful real estate project managers are the following:
1) Good Communication – Successful project managers effectively use meetings, status reports, and emails, to communicate ideas, get decisions made and to diplomatically resolve conflicts. They are able to understand the language of various trades, read body language and can sense non-verbal clues.
2) Ability to Lead – project managers must be able to lead the project team in the right direction to achieve success. Even during times of confusion the project manager must be able to coordinate the different disciplines and keep the project moving in the right direction but be mindful at all times of the big picture objective. They also have to make sure the project team works together even though the team will be made up of individuals who come from various companies, trades, and backgrounds. Real estate project is a team effort but requires a strong project manager to lead the way.
3) Must be Organized – real estate project managers have a keen ability to stay organized. Between email communication, scheduling of meetings and ability to prioritize; a project manager has to stay on top of the project from every aspect. Every detail during each stage of the project must be accounted for and this is only possible through extreme organization.
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