The 8 Stages of Development Management
There are 8 clear stages that we undertake in the delivery of a Property Development Project for our clients and they are like building blocks. I have seen it so many times, where a developer or project manager ignores, or simply doesn’t understand some of these steps…and that ignorance only ever creates risk, extra costs, lost time, and lower returns.
How does your project compare?
The 8 stages of our Project Delivery Methodology are as follows –
1. Project Establishment
Securing agreement
Stakeholder management
Scope Planning
Resource Planning
Programming
Project Plan
Cost Control
2. De-Risk Phase
Due Diligence
Tenure
Project Specification
Schematic Planning
Financial structural parameters
3. Development Approval
Design development
Infrastructure capacity assessment
Planning Analysis and Approval
4. Pre-Commitment
Establish Procurement Methodology
Negotiate funding structures & conditions
Establishment of sales protocol
Marketing strategy
Achievement of conditions precedent
5. Building Approval
Design team protocol and co-ordination
Statutory & Stakeholder Approvals
6. Construction Phase
Establish decision hierarchy
Finalise construction costs
Contract negotiations
Programming
Reporting methods and protocol
Claims procedures
7. Handover
Defects
Quality & Scope
Final statutory and stakeholder approvals
Handover logistics
8. Facilities & Life Cycle Management
Understand clients’ investment intent
Capital cost saving V maintenance costs
Management Team
Reporting protocols
Capital sinking funds
Over the next few weeks I will delve into each of these stages in detail to give you an understanding of the methodology we follow to minimise our clients’ risk and maximise their return.
