Project Management Online Training Course

Project Management Online Training Course

Project Management is such an overlooked skill! When you are starting your journey it's highly unlikely you will hire a Project Manager, therefore it is vital that you obtain the skills required to do it for yourself. This is a very useful skill and can open furthers doors where you could potentially earn money managing other people's projects if this is something you also wish to do! 

This course will teach you all you need to know about managing a project. 

The course includes: 

The Process of a Renovation
Understanding the Steps: Gain a thorough understanding of the steps involved in renovating a property, from initial planning and design to completion. Consider enrolling in courses that cover project management and construction techniques to enhance your knowledge.

The Cost of a Renovation
Estimating and Budgeting: Learn to accurately estimate and budget for renovation expenses, including materials, labour, and unforeseen costs. Explore financial planning workshops or online calculators to improve your budgeting skills.

What to Look for During a Site Visit
Key Aspects to Assess: Identify key aspects to assess when visiting a site, such as structural integrity, potential hazards, and suitability for your renovation plans. Attend site safety training sessions or structural assessment courses for practical insights.

How to Obtain Planning Permission
Navigating the Process: Master the planning permission process, including submitting applications, complying with local regulations, and addressing objections. Consider workshops or seminars on local planning laws and regulations to stay informed.

Architects and Structural Engineers
Roles and Selection: Understand the roles of architects and structural engineers in your renovation project and how to choose the right professionals. Look for professional development courses or networking events to connect with qualified experts.

Finding Contractors or Individual Tradespeople
Sourcing and Verification: Gain tips for sourcing reliable contractors or tradespeople, checking references, and ensuring quality workmanship. Explore platforms that offer reviews and ratings, or take courses on vetting and managing contractors.

Solicitors and Whether You Need One
Legal Advice and Contract Reviews: Learn the importance of having a solicitor for legal advice and contract reviews, and when it’s necessary to hire one. Attend legal seminars specific to property law or seek professional advice from legal experts.

Getting the Appropriate Contracts in Place
Formalising Agreements: Ensure all agreements with contractors and suppliers are formalised in legally binding contracts. Enrol in contract management courses or workshops that focus on the legal aspects of construction projects.

What Insurance Do You Need?
Identifying Required Insurance: Identify the types of insurance required for a renovation project, such as public liability, employer’s liability, and building insurance. Consult with insurance brokers or take courses on risk management and insurance in construction.

Structured Payments
Arranging a Payment Schedule: Learn to arrange a payment schedule for your contractors, including deposits, progress payments, and final settlements. Financial management courses can offer valuable insights into effective payment planning.

How to Charge Your Own Fee
Determining Fee Structure: Determine your fee structure for project management or consultancy services, including hourly rates or fixed fees. Business courses focusing on pricing strategies can help you set competitive and fair fees.

How to Source and Project Manage as a Package
Comprehensive Service Offering: Combine sourcing materials and tradespeople with project management to offer a comprehensive service to clients. Project management certifications or supply chain management courses can enhance your capabilities.

Setting Up Your Limited Company and Which SIC Code to Use
Establishing Your Company: Learn the steps to establish your limited company and select the appropriate Standard Industrial Classification (SIC) code for your business activities. Attend business startup workshops or consult with business advisors for guidance.

Dealing with VAT and Claiming VAT Back on Materials
Managing VAT: Manage Value Added Tax (VAT) for your renovation business, including registration, invoicing, and reclaiming VAT on eligible expenses. VAT-specific training or accounting courses can provide the necessary knowledge.

Personal Branding and Social Media
Developing Your Brand: Develop your personal brand and utilise social media to promote your renovation services, attract clients, and showcase your work. Marketing courses focusing on digital and social media strategies can help you build a strong online presence.

FAQ’s

What is the difference between property management and project management?

For instance, a Property Manager usually interacts with residents and owners, considering how the project affects them both physically and financially. In contrast, a Project Manager concentrates on overseeing the construction project from inception to completion.

What are the 5 key roles as a project manager?

Develop the Project Idea
Build and Lead Your Team
Monitor Progress and Set Deadlines
Resolve Issues
Manage Finances
Ensure Stakeholder Satisfaction
Evaluate Project Performance

What is the most important skill for a PM to have?

Communication - Therefore, project managers need excellent communication skills to effectively guide projects to completion. Conversely, inadequate communication can result in inefficiencies and missed deadlines. To reduce this risk, project managers should prioritise learning effective communication techniques.

Why is it crucial to obtain the correct education in property before venturing on your own?

Embarking on a property investment journey can be highly rewarding, but it is fraught with complexities and potential pitfalls. Acquiring the correct education in property is not just beneficial—it is essential. Here’s an in-depth look at why a solid educational foundation is so crucial before you start investing in property:

1. Understanding the Market: The property market is dynamic and can vary significantly from one region to another. A comprehensive education helps you understand market trends, cycles, and local conditions, enabling you to make informed decisions. Knowledge of market fluctuations and economic indicators will allow you to time your investments better and choose the right locations.

2. Risk Management: Property investment carries inherent risks, from financial loss to legal issues. Proper education equips you with the tools to identify, assess, and mitigate these risks. Learning about due diligence, property inspections, and market analysis can save you from costly mistakes and ensure your investments are sound.

3. Legal and Regulatory Knowledge: The property sector is heavily regulated, with numerous laws and regulations governing transactions, tenancies, planning permissions, and more. A solid understanding of these legal requirements is crucial to avoid legal pitfalls and ensure compliance. Education in property law helps you navigate contracts, understand your rights and obligations, and handle disputes effectively.

4. Financial Acumen: Successful property investment requires strong financial skills. Education in this area includes learning about different financing options, mortgage structures, tax implications, and financial planning. Understanding how to manage your finances, calculate returns on investment, and optimise your tax position can significantly enhance your profitability.

5. Strategic Planning: Education provides you with the knowledge to develop and implement effective investment strategies. Whether it's the BRRRR method, buy-to-let, or flipping properties, understanding these strategies and how to apply them to different scenarios is key to building a successful property portfolio.

6. Negotiation Skills: Property transactions often involve negotiations with sellers, buyers, tenants, contractors, and estate agents. Education in negotiation tactics and techniques helps you secure better deals and terms, ultimately maximising your investment returns.

7. Renovation and Value Addition: Knowing how to add value to properties through renovation and development is a critical skill. Education in this area includes understanding building regulations, cost estimation, project management, and design principles. These skills ensure that your renovations are cost-effective and enhance the property’s value.

8. Networking Opportunities: Enrolling in property education programmes often provides networking opportunities with industry professionals, mentors, and like-minded investors. These connections can offer valuable advice, support, and potential partnerships, enhancing your investment journey.

9. Technological Proficiency: The property industry is increasingly utilising technology for property searches, market analysis, and management. Education in the latest property technologies and tools ensures you stay competitive and leverage these innovations to your advantage.

10. Long-Term Success: Ultimately, the correct education lays the foundation for long-term success in property investment. It equips you with the knowledge, skills, and confidence to make informed decisions, adapt to market changes, and continually grow your portfolio.

In conclusion, obtaining the correct education in property before venturing out on your own is vital. It provides you with the necessary expertise to navigate the complexities of the property market, mitigate risks, and maximise returns. Investing in your education is the first and most crucial step towards achieving sustainable success in property investment.