Project Management for Construction. Project Management 101. A successful Project Manager must simultaneously manage the four basic elements of a project: resources, time, money, and most importantly, scope.
All these elements are interrelated. Each must be managed effectively. All must be managed together if the project, and the project manager, is to be a success. Resources People, equipment, material Time Task durations, dependencies, critical path Money Costs, contingencies, profit Scope Project size, goals, requirements Most literature on project management speaks of the need to manage and balance three elements: people, time, and money.