Most Important Skills for a Project Director at PATH Ventures
For a project manager in real estate development, "staying organized" is paramount due to the numerous details requiring attention, as even small errors can significantly impact project success. Equally crucial are the abilities to "ask the right questions" to understand diverse specialists and communicate effectively with a wide range of individuals, from bankers to construction workers, adapting communication styles as needed.
Project Management, Communication, Problem-Solving, Organization, Detail-Oriented
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Michael Busse
Project Director
PATH Ventures
Loyola Marymount University, 2016
UCLA Master's of Urban and Regional Planning
Entrepreneurship
Nonprofit, Foundations & Grantmaking, Real Estate
Real Estate
Honors Student, Scholarship Recipient, Worked 20+ Hours in School, LGBTQ
Video Highlights
1. Organization skills are essential for managing the numerous details crucial for success in real estate development.
2. Effective communication is vital, encompassing asking insightful questions to understand specialists and adapting communication styles to interact with diverse professionals such as bankers, architects, and government agencies.
3. Quickly learning new information and understanding diverse perspectives are key, considering the involvement of various specialized individuals and the need to navigate different working environments and assumptions.
Transcript
What skills are most important for a job like Peers?
The most important skill for a project manager in real estate development is staying organized. There are so many small things that all have to line up. You really have to start from a place of assuming that the details matter, because they really do.
One number off on a spreadsheet, or a couple percentage points on a deal, could make the difference between getting a funding award and not. So, you really have to be detail-oriented and cannot miss deadlines. You have to be able to keep track of all of it.
Being able to ask the right questions is also important. I work with people with specialized skill sets, like architects and government agency bureaucrats. They all operate in their own worlds with different assumptions.
Asking the right questions helps me understand what these specialists are talking about. Being able to understand quickly and learn quickly is also very important. Essentially, knowing what questions to ask is key.
Lastly, and this is tied to the last point, being able to talk to a wide range of people is crucial. I talk to everyone from bankers to general contractors on the construction site. I’m talking about wall assemblies, piping, and plumbing.
I think being able to put on a lot of different hats, talk to different people, and know the right things to say in different contexts are the most important skills.
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