Although it’s labeled as a post-construction activity, performance monitoring and control overlap the construction phase where managers continue to supervise, regulate, and administer the ongoing work.
While the project is underway, the goal is to ensure it progresses according to the designed layouts and within the specified budget. Project managers compare the work done against the defined milestones in the project schedule. They review the completed tasks and objectives achieved in a given timeframe.
However, supervision isn’t limited to meeting schedules and deadlines. It’s important to keep the financial situation under control as well. As soon as the construction project is set into work, start tracking all the costs incurred and measure them against the allocated budget to ensure there are no overruns.
Any delay in progress or financial irregularities should be communicated back to the stakeholders before taking the necessary steps to resolve them.
Construction ERP software can serve as a real-time tracker that can help monitor project progress and set the account record straight.