GCPG Sept2013LiquidProjectManagement PowerPointSlides
Project Management In The Property Development & Renovation ProcessGold Coast Property Networking Meeting September 3, 2013
Project Management
Development Management
Contract Administration
AGENDA • • • • • •
About Dion Khan & Liquid Project Mgmt. Current Projects Project Management Facts and Myths What is Project Management & Why Use One? DIY Project Management Cool Free Stuff
Project Management
Development Management
Contract Administration
ABOUT- Dion Khan • 1993- Landscaping- apprenticeship • 1994- Gold Coast- moved into the Commercial Landscaping space • 2001- Entered the Property Development space. Undertook first property developments • Lecture around Australia for- Council’s, Government & Private Organisations on Project Management, Project Planning, Scoping, Programming etc. • Qualifications- Dip. Project Management; Dip. Building & Construction; Dip. Property Development; QBSA Builder’s Licence; Member AIPM & Master Builders; Qualified Trainer & Assessor.
Project Management
Development Management
Contract Administration
ABOUT- Liquid Project Management • Liquid PM was formed in 2002 3 Key Services: - Development Management (feasibility to post completion) - Project Management (construction to post completion) - Contract Administration (construction phase) Client Types: - Small to large property developers - Investors- all sizes (inexperienced to sophisticated) - Private Equity firms - Government & Council Bodies - Builders - JV structures Project Management
Development Management
Contract Administration
ABOUT- Liquid Project Management Project Types: - Renovations- residential; commercial/fit outs - Small to large lot sub-divisions - Mixed Use Developments - Townhouse & Unit Developments- small to medium - Education, Medical, Sporting etc.
Project Management
Development Management
Contract Administration
Current Projects - Commercial office fit-out @ Reedy Creek - Brisbane- small lot sub-division with accommodation- 10 bedroom - Bulimba- 8 unit development - Windsor- 30 unit development
Project Management
Development Management
Contract Administration
Current Projects - Bulimba- 8 unit development (image removed for confidentiality)
Project Management
Development Management
Contract Administration
Current Projects - Windsor- 30 unit development (image removed for confidentiality)
Project Management
Development Management
Contract Administration
Project Management- Facts • Construction project failure is in the order of 1520% • IT Projects have a failure rate of 35%+ • Fail to Plan, Plan to Fail Projects can be 80% planning & 20% implementation • "Projects progress quickly until they become 90% complete; then remain at 90% complete forever“ Project Management
Development Management
Contract Administration
Project Management
Development Management
Contract Administration
What is Project Management Project management,- is the application of knowledge, skills and techniques to execute projects effectively and efficiently- PMI It’s a strategic ability to deliver Your project goals & outcomes. The Project Management Process: C- cost C- communications H- HR Q- quality S- scope T- time R- risk I- integration (everything) P- procurement Project Management
Development Management
Contract Administration
Project Management- Myths 1) “I’ll do it myself” 2) “I’ll have the architect or Engineer undertake the PM” Case studies- Brisbane Kindergarten; Coomera School 3) “Project Management is for big projects” Thought- You don’t know what you don’t know.
Project Management
Development Management
Contract Administration
Project Management- Many Hats
1) 2) 3) 4)
Town Planning Requirements & Knowledge Feasibility Studies GST (margin scheme) and tax requirements Legal- contracts, entity structuring Project Management
Development Management
Contract Administration
Project Management- Many Hats 5) Building Code and Acts 6) Construction Costs & Methodology 7) Council costs- contributions, headwork's etc. 8) Negotiation & Dealing with funders and valuers e.g. Windsor 9) Managing consultants- Engineers, Architects, Town Planners, Certifiers, QS etc. 10) Sales rates & the sale process etc. etc. etc.
Project Management
Development Management
Contract Administration
Project Management- Why Use One? 1) 2) 3) 4) 5) 6) 7) 8)
They are acting for YOU and are in your corner They have intimate knowledge of the whole Project Lifecycle i.e. Development Process They will add to your bottom line by enhancing your return i.e. mistake minimisation They will mitigate YOUR risk and downside They will pull YOU out of the C R A P Your funder will require one (most cases but not all) They will mitigate- cost blow; scope creep; contract dispute Simply put- They will make your job dramatically easier; mitigate your risk and add to your bottom line ($$$)
Project Management
Development Management
Contract Administration
Project Management- Why Use One? • Fredrik Haren said"PMs are the most creative pros in the world; we have to figure out everything that could go wrong, before it does“ • “Trying to manage a project without Project Management is like trying to play a football game without a game plan” K.Tate • Project Management can be (largely) managing the down side of a project as much as it is the upside i.e. managing risk Project Management
Development Management
Contract Administration
Project Management- Why Use One?
Project Management
Development Management
Contract Administration
Project Management- 6 P’s • 6 P’s of Project Management? P- Proper P- Planning P- Prevents P- Poor P- Project P- Performance
Project Management
Development Management
Contract Administration
Project Management- DIY Tips Key #4- The Triple Constraint • Also known as the PM Triangle • Triple Constraint = Time, Cost, Quality and Scope
Project Management
Development Management
Contract Administration
Project Management- DIY Tips 1) Engage the right team- members that will run with you & not create road blocks. 2) Create trust in the team (it starts with the leader). Trust is earned & not given. 3) Clarity. Provide clear direction 4) Sell the vision, constantly. “Without a vision people perish”. 5) Undertake Risk Management & Planning Workshops. 6) Be pro-active, positive and front footed 7) Don’t be a Loan Ranger. Obtain consultant & stakeholder feedback. Project Management
Development Management
Contract Administration
Project Management- DIY Tips 8) Transparency- don’t hoard information & ‘cover up’ 9) Communicate at all costs & all levels •This will help De-Risk your project.
"Risks aren't always threats. Quite often they are opportunities to enhance the project value and bottom line" Dion Khan Project Management
Development Management
Contract Administration
Project Management- 6 Stages 6 stages of a project 1. Enthusiasm 2. Disillusionment 3. Panic 4. Search for the guilty 5. Blame for the innocent 6. Praise and Honour for Non-participants
Project Management
Development Management
Contract Administration
Resources- Free Report etc.
Project Management
Development Management
Contract Administration
Resources- Programme
Project Management
Development Management
Contract Administration
Q&A www.liquidpm.com www.renovate4profit.com
Contact Dion Khan- [email protected] 0418 766 004
Project Management
Development Management
Contract Administration
Project Management
Development Management
Contract Administration
AGENDA • • • • • •
About Dion Khan & Liquid Project Mgmt. Current Projects Project Management Facts and Myths What is Project Management & Why Use One? DIY Project Management Cool Free Stuff
Project Management
Development Management
Contract Administration
ABOUT- Dion Khan • 1993- Landscaping- apprenticeship • 1994- Gold Coast- moved into the Commercial Landscaping space • 2001- Entered the Property Development space. Undertook first property developments • Lecture around Australia for- Council’s, Government & Private Organisations on Project Management, Project Planning, Scoping, Programming etc. • Qualifications- Dip. Project Management; Dip. Building & Construction; Dip. Property Development; QBSA Builder’s Licence; Member AIPM & Master Builders; Qualified Trainer & Assessor.
Project Management
Development Management
Contract Administration
ABOUT- Liquid Project Management • Liquid PM was formed in 2002 3 Key Services: - Development Management (feasibility to post completion) - Project Management (construction to post completion) - Contract Administration (construction phase) Client Types: - Small to large property developers - Investors- all sizes (inexperienced to sophisticated) - Private Equity firms - Government & Council Bodies - Builders - JV structures Project Management
Development Management
Contract Administration
ABOUT- Liquid Project Management Project Types: - Renovations- residential; commercial/fit outs - Small to large lot sub-divisions - Mixed Use Developments - Townhouse & Unit Developments- small to medium - Education, Medical, Sporting etc.
Project Management
Development Management
Contract Administration
Current Projects - Commercial office fit-out @ Reedy Creek - Brisbane- small lot sub-division with accommodation- 10 bedroom - Bulimba- 8 unit development - Windsor- 30 unit development
Project Management
Development Management
Contract Administration
Current Projects - Bulimba- 8 unit development (image removed for confidentiality)
Project Management
Development Management
Contract Administration
Current Projects - Windsor- 30 unit development (image removed for confidentiality)
Project Management
Development Management
Contract Administration
Project Management- Facts • Construction project failure is in the order of 1520% • IT Projects have a failure rate of 35%+ • Fail to Plan, Plan to Fail Projects can be 80% planning & 20% implementation • "Projects progress quickly until they become 90% complete; then remain at 90% complete forever“ Project Management
Development Management
Contract Administration
Project Management
Development Management
Contract Administration
What is Project Management Project management,- is the application of knowledge, skills and techniques to execute projects effectively and efficiently- PMI It’s a strategic ability to deliver Your project goals & outcomes. The Project Management Process: C- cost C- communications H- HR Q- quality S- scope T- time R- risk I- integration (everything) P- procurement Project Management
Development Management
Contract Administration
Project Management- Myths 1) “I’ll do it myself” 2) “I’ll have the architect or Engineer undertake the PM” Case studies- Brisbane Kindergarten; Coomera School 3) “Project Management is for big projects” Thought- You don’t know what you don’t know.
Project Management
Development Management
Contract Administration
Project Management- Many Hats
1) 2) 3) 4)
Town Planning Requirements & Knowledge Feasibility Studies GST (margin scheme) and tax requirements Legal- contracts, entity structuring Project Management
Development Management
Contract Administration
Project Management- Many Hats 5) Building Code and Acts 6) Construction Costs & Methodology 7) Council costs- contributions, headwork's etc. 8) Negotiation & Dealing with funders and valuers e.g. Windsor 9) Managing consultants- Engineers, Architects, Town Planners, Certifiers, QS etc. 10) Sales rates & the sale process etc. etc. etc.
Project Management
Development Management
Contract Administration
Project Management- Why Use One? 1) 2) 3) 4) 5) 6) 7) 8)
They are acting for YOU and are in your corner They have intimate knowledge of the whole Project Lifecycle i.e. Development Process They will add to your bottom line by enhancing your return i.e. mistake minimisation They will mitigate YOUR risk and downside They will pull YOU out of the C R A P Your funder will require one (most cases but not all) They will mitigate- cost blow; scope creep; contract dispute Simply put- They will make your job dramatically easier; mitigate your risk and add to your bottom line ($$$)
Project Management
Development Management
Contract Administration
Project Management- Why Use One? • Fredrik Haren said"PMs are the most creative pros in the world; we have to figure out everything that could go wrong, before it does“ • “Trying to manage a project without Project Management is like trying to play a football game without a game plan” K.Tate • Project Management can be (largely) managing the down side of a project as much as it is the upside i.e. managing risk Project Management
Development Management
Contract Administration
Project Management- Why Use One?
Project Management
Development Management
Contract Administration
Project Management- 6 P’s • 6 P’s of Project Management? P- Proper P- Planning P- Prevents P- Poor P- Project P- Performance
Project Management
Development Management
Contract Administration
Project Management- DIY Tips Key #4- The Triple Constraint • Also known as the PM Triangle • Triple Constraint = Time, Cost, Quality and Scope
Project Management
Development Management
Contract Administration
Project Management- DIY Tips 1) Engage the right team- members that will run with you & not create road blocks. 2) Create trust in the team (it starts with the leader). Trust is earned & not given. 3) Clarity. Provide clear direction 4) Sell the vision, constantly. “Without a vision people perish”. 5) Undertake Risk Management & Planning Workshops. 6) Be pro-active, positive and front footed 7) Don’t be a Loan Ranger. Obtain consultant & stakeholder feedback. Project Management
Development Management
Contract Administration
Project Management- DIY Tips 8) Transparency- don’t hoard information & ‘cover up’ 9) Communicate at all costs & all levels •This will help De-Risk your project.
"Risks aren't always threats. Quite often they are opportunities to enhance the project value and bottom line" Dion Khan Project Management
Development Management
Contract Administration
Project Management- 6 Stages 6 stages of a project 1. Enthusiasm 2. Disillusionment 3. Panic 4. Search for the guilty 5. Blame for the innocent 6. Praise and Honour for Non-participants
Project Management
Development Management
Contract Administration
Resources- Free Report etc.
Project Management
Development Management
Contract Administration
Resources- Programme
Project Management
Development Management
Contract Administration
Q&A www.liquidpm.com www.renovate4profit.com
Contact Dion Khan- [email protected] 0418 766 004
Project Management
Development Management
Contract Administration
