What it Takes to Excel at a Real Estate Project Management Firm

Real Estate Project Management Firm

 

It takes a unique and strong skill set to really standout at a real estate project management firm.  Project managers must be able to balance a wide range of tasks across various technical disciplines while managing budget and schedule and, of course, never losing sight of the client’s overarching goals and satisfaction.  Attention to detail, organization and “people” skills are imperative skills for a successful at a real estate project management firm.

 

      • Project managers must have acute attention to detail. Within any real estate project, there are countless details to manage. Not losing track of the particulars is key. Managing all vendors and not only ensuring on-time deliverables, but also ensuring that vendors have included all specifics and information that were promised. Then, a PM must be able to review plans and quotes for accuracy. Project managers must also ensure that all provided information is correct, that no information is missing and that all details were taken into account by each vendor when preparing their deliverables. An effective project manager is going to get down into each and every nitty-gritty detail of your project. It’s imperative to a successful project delivery.
      • Organization– Clearly, keeping track of all of the above mentioned details is not always easy. There is a lot of information that filters through a project manager. A PM must be able to organize and keep track of this information for themselves, and also keep track of communicating that information to the appropriate parties.
      • While “people skills” are difficult to fully articulate, having good people skills is imperative to being a successful project manager. At times, a PM will have to be push back on vendors for a variety of reasons. A PM may have to tell their client frustrating news about the conditions of a site, of a vendor’s progress, pricing, etc. Being able to act simultaneously as the eyes-and-ears and protector of the project, while still being approachable and ensuring a cohesive project team requires balancing a lot of demands, opinions and personalities. Navigating through this can be difficult and must be thoughtfully balanced.

 

Related- The Role of an Owners Representative for Real Estate and Construction Projects

Katie Craven
Katie Craven is Marketing, Communication and Brand Manager at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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