commercial management

Commercial management involves overseeing the business aspects of a project or organization to ensure financial success and strategic alignment. It includes activities like budgeting, contract negotiation, managing client relationships, and evaluating risks and opportunities. The goal is to maximize profitability and value while maintaining compliance and delivering quality outcomes. Essentially, commercial managers ensure that commercial interests are balanced with operational goals, making informed decisions to optimize revenue, costs, and stakeholder satisfaction throughout a project's lifecycle.