- Project Management
- Construction Management
- Digital Project Management
- Quantity Survey & Cost Management
- BIM Solutions
- Value Engineering
Panora provides the knowledge, skills, digital tools and techniques required to achieve project goals within the given constraints. According to PMI, project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.
All management is concerned with these, of course. But project management brings a unique focus shaped by the goals, resources and schedule of each project. The value of that focus is proved by the rapid, worldwide growth of project management:
- as a recognized and strategic organizational competence
- as a subject for training and education
- as a career path
Panora uses specialized, project management techniques to oversee the planning, design, and construction of a project, from its beginning to its end.
The purpose of CM is to control a project’s time / delivery, cost and quality—sometimes referred to as a project management triangle or “triple constraints.” Construction management is a professional service that provides a project’s owner(s) with effective management of the project’s schedule, cost, quality, safety, scope, and function. Construction management is compatible with all project delivery methods. No matter the setting, a Construction Manager’s (CMs) responsibility is to the owner and to a successful project.
At its core, a capital project is made up of three parties (excluding the CM):
- The owner, who commissions the project and either funds the project directly or finances it through a variety of methods.
- The architect/engineer, who designs the project.
- The general contractor, who oversees day-to-day operations and manages subcontractors.
Digital Project Management
As a digital project manager, Panora manages and facilitates a team to deliver the project with the digital tools required to enhance communication and collaboration.
Panora takes more of a leadership role on a project, managing clients directly, maintaining the strategic direction of a project, owning the customer experience, and making sure we’re cultivating a project that’s going to deliver results. We also create efficient project processes, track project progress on a real time basis and create a proper audit trail. Digital project management happens in matrix organizations where we’re responsible for the output, and managing the project, but not directly line managing the team.
It’s a complex role which requires a unique skillset. The job requires an understanding from a strategic perspective of why you should do a project, what technology could be used to achieve it, what it could look like, how it could work, and importantly, how much it will cost and when it could be delivered.
Quantity Survey & Cost Management
QS and Cost Management is a service provided by Panora for managing and tracking the procurement, contractual and financial aspects of construction projects.
A Quantity Surveyor (QS) is a construction industry professional with expert knowledge on construction costs and contracts. Quantity surveyors are responsible for managing all aspects of the contractual and financial side of construction projects. They help to ensure that the construction project is completed within its projected budget. Quantity surveyors are also hired by contractors to help with the valuation of construction work for the contractor, help with bidding and project budgeting, and the submission of bills to the client.
Project cost management is the process of estimating, budgeting and controlling costs throughout the project life cycle, with the objective of keeping expenditures within the approved budget. Hence, project cost management is one of the key pillars of project management and is relevant regardless of the domain, be it manufacturing, retail, technology, construction and so on. It helps to create a financial baseline against which project managers can benchmark the current status of their project costs and realign the direction if needed.
Through BIM, Panora envisages the virtual construction of a facility prior to its actual physical construction and analyzes potential impacts.
Building information modelling (BIM) is a process supported by various tools, technologies and contracts involving the generation and management of digital representations of physical and functional characteristics of physical assets. BIM is becoming a comprehensive collaborative process in the construction industry and creates a common language between all parties and system divisions in a project to make them an integrated team.
The approach of BIM strongly matches with integrated project delivery systems. The role of BIM as a coordinator of the project system is quite similar to the duties of a project manager. BIM integrates different disciplines by effective communication, analyzes the project systems for constructability, estimates the cost and time of projects at any time using quantity takeoffs, draws a big picture of projects using visualization and builds collaborative teams.
BIM helps to reduce uncertainty, improve clash detection of systems, improve safety, work out problems, and simulate the solutions. Sub-contractors from every trade can input critical information into the model before beginning construction, with opportunities to pre-fabricate or pre-assemble some systems off-site. Waste can be minimised on and off site such that rework at every stage of the project is reduced and products delivered on a just-in-time basis rather than being stock-piled on-site. BIM brings in immense efficiencies in design and execution.
Panora offers a systematic and organized approach to provide necessary functions in a project at the lowest cost.
Value engineering is a structured technique commonly used in project management. It is an organized attempt to optimize the overall value of the project in project management endeavors. Often, creative strategies will be employed in an attempt to achieve the lowest life cycle cost available for the project. Value engineering includes taking an in-depth look at the functions of any equipment, facilities, services, systems, and materials used in the project. This part of project management requires an analysis to be performed on each of these components.
Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality. It is focused solely on the functions of various components and materials, rather than their physical attributes. Value engineering is also called value analysis.
VE is used to solve problems, identify and eliminate unwanted costs and improve function and quality. The set of disciplined steps in the value engineering process is meant to optimize initial and long-term investment, seeking the best possible value for the lowest cost.