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A couple months ago we did a Project Management Roundtable with some of our highest performing members in the construction space.
It was so popular and well received we thought we would release it as a Contractor Evolution episode.
As you no doubt have experienced, most (but not all) Project Managers in construction and trades are professional firefighters.
This is a problem.
Under equipped PM’s burn themselves out and eventually hurt morale, but more importantly mismanaged jobs can make or break our year end P&L’s.
So we put together a live roundtable with Greg Hasler of Hasler Homes and Iain Kent of Eagleview Construction where we discuss their evolution story from chaotic to dialled in, the systems that have made the biggest difference, and the personality profile of a rockstar PM as well as where you might find one.
Episode Highlights:
- 3 PM 'Red Flags' that will tell you things can be improved on - What makes a great PM (from the perspective of highly effective contractors) - How to hold PMs accountable to the results they were hired to achieve in your business (including which KPI’s you should be tracking) - The number of jobs should your PM's be able to manage at one time - The PM qualifications you should you look for and where to send PMs to learn proper PM systems for your business - The best way to keep your field crews (and your subs) engaged with the PM systems and actually filling out daily logs (spoiler - yes, it is possible)
00:00:00 - Start
00:02:34 - Roundtable Agenda
00:03:42 - Intro roundtable guests
00:05:55 - The difference between a ‘grassroots’ level entrepreneur and an ‘enterprise level’ entrepreneur
00:08:37 - Some of the biggest challenges contractors face with project management
00:10:14 - 3 PM ‘Red Flags’ that will tell you things can be improved on
00:13:00 - The PM evolution story of 2 builders going from chaos to calm
00:23:17 - The core PM Systems used by top contractors 00:54:39 - How to use software to help with your PM systems to simplify all your processes
00:57:53 - When and why it makes sense to use a coach to help set up world-class PM systems in your business
01:03:47 - How to hold PMs accountable to the results they were hired to achieve in your business
01:09:08 - The 2 big PM KPI’s you should be tracking to run successful jobs
01:14:27 - Contractor Q&A
01:15:14 - How many jobs should your PM’s be able to manage at one time?
01:16:25 - How long you can expect it to take to dial in your PM systems
01:17:29 - The PM qualifications you should you look for and where to send PMs to learn proper PM systems in contracting
01:20:18 - How to handle change orders in the PM process, who handles them, who’s responsible and how do you make sure balls don’t get dropped
01:21:05 - The best way to keep your field crew engaged with the PM systems and actually filling out daily logs
01:24:58 - How to actually get your subs bought into your PM systems (spoiler - yes, it is possible)
01:27:22 - How to track the bonus systems for PMs that isn’t overwhelming
01:29:11 - The team members for a company building around 11 custom homes per year
01:30:04 - How to best manage high demand if you’re booking out more than 18 months
