Project management or development management is an instrumental part of real estate projects and investments, but executing the role of a project manager is no easy feat. From identifying the best partners and stakeholders, harboring collaboration, to selecting the most efficient processes, a project manager is accountable for overseeing all aspects of an assignment. While there are several project management companies catering to the real estate sector, many lack the critical ability to proactively mitigate risks due to the lack of industry experience. This is where Denver-based Stevens Strategic Alliance stands out. By assembling a team that effectively works together and streamlines the project management process, Stevens Strategic Alliance serves as a one-stop shop for all real estate project management needs. With decades of experience, the company maximizes profits for clients with a proactive approach to risk management.
A real estate executive advisory firm, Stevens Strategic Alliance is dedicated to creating value through organizational efficiency, superior program management, leveraging new technological tools and creating a true partnership with its clients. The company takes a leadership role in fostering excellent communication and collaboration among all the individuals and teams involved in a project and ensuring that everyone's objectives are aligned and coordinated. While most project management firms make plans to minimize the impact of the problems once they have occurred, Stevens Strategic Alliance adopts a different approach. "We proactively look at where the risk lies in a project and anticipate the pitfalls. We then discuss the issue with stakeholders to avoid any risk in the future, which proves to be immensely beneficial in the long run," notes Grant Stevens, President at Stevens Strategic Alliance. Much like an orchestra leader, the company understands the goals and objectives of the stakeholders and brings a level of expertise that can only be gained through developing multiple projects.
With over 35 years of experience working with developers, consultants, designers, architects, and contractors on-site, Stevens Strategic Alliance understands the challenges caused by risk shifting and focuses more on risk-sharing. From the initial stages, the company looks for unforeseen conditions, warning flags, and errors that may impact designers and contractors. "By sharing the risks between the owner, developer, consultant, and all other stakeholders, we ensure a level playing field and foster a more collaborative environment," says Stevens.
This approach paves the way for long-term partnerships and prevents legal conflicts between the parties, which can be arduous for all the teams involved.
We proactively look at where the risk lies in a project and anticipate the pitfalls
Stevens Strategic Alliance has demonstrated its prowess in project management by delivering complex real estate projects globally. In one case, the company was approached by an overseas client that was looking to demolish and rebuild a downtown metropolitan area to provide a better quality of life for the residing communities. However, they lacked the experience to assemble a perfect team that is equipped to handle such a large-scale, sophisticated project. They selected partners based on the recommendations of the stakeholders without fully exploring their options. "We noticed that the client was missing out on an opportunity to create something truly world class. They did not realize the amount of technical expertise required at each stage of the project, where even a minor miscalculation can have a huge impact on the overall cost," says Stevens. To this end, Stevens Strategic Alliance reset the team composition to ensure that they were aligned to the project objectives.
By bringing in international and local designers on the project, Stevens Strategic Alliance provided a best-of-both-worlds solution for the client. The company interacted with three major general contractors to gather construction feedback, constructability reviews, schedule reviews, and value engineering ideas. From facilitating collaboration among designers, contractors, and technical experts to gathering permissions from civil authorities, Stevens Strategic Alliance overlooked every aspect of the project. At the end of the assignment, the company had pulled together an incredible team of experts and laid out an efficient plan and schedule within a budget that worked for everyone. By bringing in a high level of engagement and professionalism, Stevens Strategic Alliance helped the client launch the project successfully on time.
As global business resumes after the COVID-19 pandemic, new clients have shown interest in partnering with Stevens Strategic Alliance. The company has already established its presence in America, Canada, and Europe and is looking to expand its operations in these regions. "We are looking at expanding existing relationships into new territories in an intelligent and sustainable way to continue delivering a personalized level of service to our clients," comments Stevens.