Be it the construction of a residential or commercial building, flyover, dam or a major airport, construction management knowledge plays a key role throughout the construction/delivery process of such type of projects. The need of our times is not only to better our past endeavors but also to make them more cost-effective and time-effective without compromising on the quality of any future project, makes construction management a constant field of interest for many students and professionals. If you have studied architecture at your graduation level and wish to excel your knowledge and skills, also thereby adding a post graduation degree to your credit, MBA in Construction Management is what you must pursue. The new generation demands a reorganised and upgraded version of professional knowledge that was never witnessed in the past.
Construction management is the overall planning, coordination, and control of a project from inception to completion. MBA in Construction Management will help a candidate develop the basic understanding skills and also competencies essential for the efficient management of various large scale infrastructure projects and cost management of construction related operations. It will also help to enhance abilities of aspirants in the area of business analysis, financial analysis, people management and information technology.
Construction Management focuses on –
Managing Project Scope – To assure that the work is done in accordance with the architect’s vision, specifications and as per the terms & conditions of the contract documents.
Managing Project Budget – To make sure that the project budget is maintained.
Managing Schedule – To assure that the work is completed according to the owners requirements.
Managing Financial and Technical Risks – Ensuring the functionality of the financial project and reducing the owners exposure to various commercial and technical risks.
Managing Quality – To assure that the work is done correctly at the first time and that it is in compliance with the design specification.
Managing Project Safety – To assure that the work progresses with all legally mandated safety requirements.
MBA in Construction Management – What all will you be taught?
MBA in Construction Management will involve coursework in –
Site planning, organization & management
Project control and development
Building design and construction methods,
Value analysis & cost estimating
Construction and Environment
Field Work and Project Analysis
Building codes and standards
Real Estate and Infrastructure Development
Techniques in construction projects
Contracts & Contracting
Project Management Techniques
Real Estate Agency and Marketing
Management Information Systems
Laws and Regulations in Construction
Finance Management and Cost Accounting
Social Cost benefit Analysis
Dispute Avoidance and Resolution Systems in Projects
Climate Change and Environmental Engineering
Job Prospects after pursuing MBA in Construction Management
After completing MBA in Construction Management, the initial pay scale may range from Rs.25,000 to Rs.35,000 per month. Some years of quality experience can take one to such a level where he can easily get Rs 50,000-70,000 per month. An MBA in construction management can prepare you for many roles in this potentially thriving sector in India. Certain job profiles wherein candidates after completing their MBA can work are as follow –
Senior Instrumentation Engineer
List of Colleges/Management Institutes that offer MBA in Construction Management
Below is the list of the colleges, from where the candidates can pursue Post graduation in Construction Management –
National Institute of Construction Management and Research (NICMAR) ,Mumbai
Siksha o Anusandhan University , Bhubaneswar
IIBS , Bangalore
Panjab University (PU)
SMOT School of Business , Chennai
Global Institute of Construction Management and Research, New Delhi
Maharashtra Institute of Technology, Pune
Indian Institute of Financial Planning (IIFP)
Institute for International Management & Technology, Gurgaon
Indian School of Business and Finance (ISBF),New Delhi
NIILM Center for Management Studies, Greater Noida
Guru Gobind Singh Indraprastha University
National Institute of Technology, Calicut (NITC)
Amity School of Urban Management