The Project Development Manager is responsible for overseeing project profitability and managing the full cycle of the project development process, including feasibility studies, project design & planning, project launch & implementation, turnover to clients, and set-up of property management operations. The PDM champions project success by leading and working with his / her partners from Design & Construction, Finance, Sales, Marketing, Permits & Property Management to ensure the timely accomplishment of milestonesο»Ώ
Responsibilities:
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Project Planning and Strategy:
- Develop and implement project plans, including timelines, budgets, and resource allocation.
- Conduct feasibility studies and market analysis to identify potential real estate development opportunities.
- Define project scope, goals, and deliverables.
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Team Leadership:
- Lead and manage a multidisciplinary team, including architects, engineers, contractors, and other professionals.
- Foster a collaborative and productive working environment.
- Provide direction and guidance to team members throughout the project lifecycle.
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Financial Management:
- Oversee budgeting and financial forecasting for real estate projects.
- Monitor project costs and ensure adherence to budgetary constraints.
- Identify cost-saving opportunities without compromising project quality.
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Regulatory Compliance:
- Stay informed about local zoning laws, building codes, and other regulations.
- Ensure that all projects comply with legal and regulatory requirements.
- Obtain necessary permits and approvals for development projects.
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Site Selection and Acquisition:
- Identify and evaluate potential project sites.
- Negotiate land acquisition deals and coordinate due diligence processes.
- Work with legal and financial teams to finalize land purchases.
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Design and Development:
- Collaborate with architects and design teams to create project concepts.
- Oversee the development of detailed project plans and specifications.
- Monitor construction progress to ensure alignment with design and quality standards.
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Stakeholder Communication:
- Communicate project progress, challenges, and milestones to internal and external stakeholders.
- Build and maintain relationships with investors, government officials, and other relevant parties.
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Risk Management:
- Identify potential risks and develop risk mitigation strategies.
- Implement effective risk management practices throughout the project lifecycle.