project management challenges

Top 3 Project Management Challenges and How to Avoid Them

Avoid Common Project Management Challenges with These Tips

Facility managers play a crucial role in overseeing interior and exterior projects within their organizations. Whether you’re renovating office spaces, upgrading facilities, or managing construction projects, you’re responsible for ensuring successful project execution. However, some project management challenges are bound to pop up and can hinder the ability to achieve desired outcomes. Here, we’ll go over the top three project management challenges that facility managers commonly encounter, along with practical solutions to address them effectively.

Budget Constraints

Dealing with budget constraints is one of the most significant challenges a facility manager will face. Organizations often have limited financial resources for renovations or construction, which forces facility managers to work with tight budgets. If not handled correctly, it will result in compromises in quality, delays in project completion, or cancellation of essential tasks.

How to Work with Budget Constraints

It can be difficult to work around budget constraints, but it can be done. Before beginning any project, a facility manager should do thorough cost estimations. This can help identify any and all potential expenses, which sets expectations for the rest of the project.

Sometimes, unforeseen expenses pop up during the project. You might prep the organization beforehand and tell them about this possibility. In these cases, they might put extra money towards the project that’s only to be used if a major unforeseen problem occurs.

Stakeholder Management

It can be difficult for facility managers to effectively manage the expectations of stakeholders. These individuals can include top management, employees, contractors, and external vendors; they’ll often have different interests, priorities, and expectations when it comes to the project. Balancing all of these wishes and perspectives is no easy task. However, there are a few actions you can take to be proactive with stakeholder management.

How to Effectively Manage Stakeholders

The first step towards effectively managing stakeholder expecations is to identify the key players early on in the project. You can involve them in the decision-making process and address their specific requirements and concerns proactively.

Establishing clear lines of communication is an important step toward a successful relationship with your stakeholders. Make a plan for regular project updates, meetings, and progress reports. This way, you can ensure that all stakeholders are well-informed about project developments and any changes that may come up.

Project Scheduling and Coordination

Managing project schedules and coordinating various tasks is a huge undertaking for anyone. Facility managers will often be juggling multiple teams, contractors, and vendors. More often than not, issues and delays will arise, which can dramatically impact your project. Having an expercied program management partner can help plan for these kinds of issues will help you address them when they arise.

How to Plan for Project Scheduling and Coordination Issues

Utilizing project management software can significantly enhance scheduling and coordination. These tools allow for effective task tracking, resource allocation, and milestone monitoring, which streamlines the process and improves collaboration among teams.

Fostering effective teamwork and communication is also extremely important. Facility managers should establish regular team meetings, encourage cross-team coordination, and provide a platform for sharing information and updates.

Anticipating and addressing potential bottlenecks will also save you time, money, and stress in the long run. Facility managers should identify potential bottlenecks and develop contingency plans and alternative strategies should they arise. That way, they can mitigate risks and ensure that projects stay on track, even when challenges arise.

Navigating Common Project Management Challenges Doesn’t Have to Be Hard

Project management can be hard for a facility manager to take on. That’s why we partner with companies like yours to help make the process go smoothly. We work with facility managers to understand your business and provide support where it’s needed.

With so many project management companies to partner with, why should you choose Stratus to support your project? Our experience and capabilities surpass what other companies can provide. We’re built on 150 years of success, and we’re eager to bring that experience to your team. We’re one of the leading providers of signage, refresh and remodel, energy solutions, and more for companies across the U.S. and beyond. In fact, we’ve partnered with some of the biggest companies in the U.S. to help them with their projects.

How do we provide quality service to our customers? We use a wide range of technology to keep them up-to-date on their projects. We offer a variety of apps, reporting solutions, proprietary software, dashboards, and benchmarking tools to ensure they easily and instantly understand where their projects are in the process.

Additionally, we employ a field partner network to ensure our clients get speedy, expert service. Our organization utilizes a network of more than 4,000 field partners throughout the U.S., Canada, Puerto Rico, Mexico, and more. Each partner has been fully verified and graded by Stratus, ensuring the companies to whom we entrust our work are experts, have the capabilities to do their job, and are ready to deliver on time and within budget.

Start Working with Stratus Today

Ready to learn more about what we can do for you? Reach out to our team today.