Development Manager
What's it like to be a Development Manager?
Development Managers meticulously craft comprehensive plans that encompass everything from project scope and budget to regulatory compliance and market analysis. Their decisions are guided by an understanding of financial dynamics, as they navigate the intricacies of funding, budget allocation, and cost management. As the driving force behind the project, Development Managers navigate permits and regulations, ensuring that every aspect of the development adheres to legal requirements. This involves engaging in negotiations, securing necessary approvals, and managing potential roadblocks.
Tasks and duties
- Formulating and implementing comprehensive project plans, defining project goals, scope, and budget.
- Facilitating effective collaboration and communication among architects, engineers, contractors, and legal experts.
- Managing project budgets, tracking expenses, securing funding, and ensuring financial viability throughout the project's progress.
- Conducting market research to identify trends, demand, and competitive factors.
- Identifying potential risks and implementing strategies to mitigate them, ensuring smooth project execution.
- Analysing and resolving complex challenges that may arise during development, ensuring projects stay on track.
How to become a Development Manager
Development Managers usually hold a bachelor degree in a relevant field, such as real estate, construction management, urban planning, architecture, civil engineering or similar.
Pursue a bachelor degree in a field related to real estate, construction management, urban planning, architecture, civil engineering, or a related discipline. Choose a program that aligns with your interests in development management.
Gain practical experience by working in roles related to real estate development, construction, or project management. This experience will help you understand the intricacies of the field and build a foundation for your career.
Become a member of relevant professional organisations such as the Malaysian Institute of Property and Facility Managers (MIPFM), Royal Institution of Surveyors Malaysia (RISM), or Real Estate and Housing Developers' Association Malaysia (REHDA). Networking opportunities can provide valuable connections and insights.
Consider pursuing a masters degree in real estate development, construction management, business administration (MBA), or a related field. This education can provide advanced knowledge and enhance your credentials.
Consider pursuing certifications such as Project Management Professional (PMP), Certified Property Manager (CPM), or other relevant industry certifications to showcase your expertise.
Work your way up by gaining experience in roles such as Project Coordinator, Assistant Development Manager, or Project Manager. This hands-on experience is crucial for developing a deep understanding of the development process.
Compare your salary
Latest Development Manager jobs on Jobstreet
Skills and experience employers are looking for
