It’s certainly been a busy start to 2015. The economy is growing. Construction business is booming again and everyone in our industry – from owners to contractors to vendors – is scrambling to try and keep up with significantly greater workloads. While being busy is generally good news, what we need to be careful of is losing business focus in the meantime – not seeing the forest for the trees.
A special guest blog by Tyler Pare of FMI
Project managers often control in excess of $1 MM, $5 MM, even $ 10 MM in annual contract revenue and risk. However, project managers often do not view themselves as business managers. They view themselves as middle management – cogs in the wheel of a great machine that churns through backlog year-in and year-out – leaving the business issues up to division managers and executives. FMI Corporation has been on the consulting equivalent of a crusade for more than six decades, attempting to dispel the faulty notion that shrewd business acumen amongst project managers is anything less than essential for successful construction firms. If financial awareness and leadership capabilities are lacking at the project manager level in your organization, consider the tactics below to hone the focus of the most important management echelon in your organization.