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Additional info for Construction Extension to the PMBOK® Guide
Those categorizations are approached in the Initiating Process Group. The Planning Process Group discusses the relationships among the stakeholders in a construction project that are developed with regard to contractual provisions or other formal documents. Division of responsibilities is considered, and impacts on communications are included in the project communication plan. The Executing Process Group emphasizes the relationships between project stakeholders and the importance of the interpersonal skills of project team members when managing stakeholder engagement.
Guidelines are offered for identifying the financial requirements for construction projects, contract requirements, risk allocation, and tax planning. Financial control in the Monitoring and Controlling Process Group is executed in the most effective way to ensure all items are within budget and aligned with the financial cash forecast. Effective financial monitoring and control is achieved when project progress reports are distributed regularly. Financial reports, financial internal and external audits, and project accounting systems are important topics discussed in this section.
It verifies new construction and renovations of the subsystems for mechanical (HVAC), plumbing, electrical, fire/life safety, building envelopes, interior systems, cogeneration, utility plants, sustainable systems, lighting, wastewater, controls, and building security to ensure the owner's project requirements are met. On certain projects, beneficial occupancy by an owner may include the initial facility start-up and management by a professional firm that will operate the new facility prior to final acceptance by the owner.