The document outlines five principles of construction project management: 1) Initiation which evaluates the feasibility of a project, 2) Planning which develops a roadmap to guide execution and control, 3) Execution which allocates work and resources to implement the plan, 4) Monitoring which measures performance and progress to identify discrepancies, and 5) Risk Management which has a plan in place to effectively deal with unexpected situations. It recommends consulting a project management company for their construction management expertise to streamline a construction project.