CHALLENGES OF DEVELOPING INDIVIDUAL PRIVATE RESIDENCE – A PROJECT MANAGER’S PERSPECTIVE WITH REFERENCE TO EMERGING INDIAN SCENARIO

Project management practice up till recently was synonymous with large-scale construction projects only but with private residences getting complicated to the tune of a full-scale hotel or a commercial building the need of project management is arising. In recent times owners of high-income segment have warmed up to this concept for construction of their private residence, which falls in luxury home segment. Although the job of executing the project comes into professional project management the challenges get no lesser due to so many practical aspect and real industry situations. The paper undertakes study of one such project to closely document the project life cycle and the challenges overcome, which ranged from design change order to procurement to cost control to deliver the project meeting the highest quality standards.