Condo News - Winter 2020

Page 9

Managing Successful Projects in Your Community: A Project Management View

FEATURE

Craig McMillan, RCM, CMCA, CAPM, ACCI Maple Ridge Community Management Ltd.

Managing Successful Projects in Your Community: A Project Management View

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our Board of Directors and Property Manager review upcoming Projects for the community, these projects may be identified in your Reserve Fund Study or may be an opportunity to enhance the curb appeal of the community outside of the Reserve Fund Study requirements. Every project can be defined by five separate process groups: 1) Initiating 2) Planning 3) Executing 4) Monitoring & Controlling, and 5) Closing. It is wise for the Board of Directors and property manager to understand each of these process groups and the type of activities that are needed in each to ensure a successful project. High value projects should have an assigned project manager that person is in overall charge of planning and execution of the project. The project manager will report to the Board of Directors and property manager throughout the project. 1) Initiation In the initiation stage, we identify what the project will be and agree upon the success criteria and objectives. We also identify the stakeholders. These are usually the residents continued‌

Condo News – WI NTER 2020

9


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