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Why Real Estate Development Companies Are Now Adopting Integrated Project Platforms

By Henry McDonald


With the continual evolution of technology comes the ongoing need to upgrade project management tools. In the context of Denver Highland real estate development, this was previously characterized by the adoption of generic enterprise applications. With time, however, it became clear that this approach had as much potential to cause chaos as it had to drive progress.

Still can't see why you should consider switching to a specialized software solution? Chances are that you're still using generic applications, most of which are designed as jacks-of-all-trades. Perhaps it's time you learnt the benefits to be had from deploying a bespoke project management platform:

More Control Over Your Data: Data has become such a huge part of the construction process that, without proper management, a firm can quickly come tumbling down to its knees. It should thus come as a relief to learn that project platforms have features designed to minimize this risk. Such include the consolidated database which ensures that all documents are stored in one location. This is further enhanced by the automated retrieval tools.

Communication and Collaboration: There's an argument to be made that this combination is what keeps an ongoing project from sliding into chaos. On that note, a construction management platform can turn what was once a tedious process into a well-coordinated recipe for success. With one at your disposal, information will flow much more smoothly across the board.

Risk Management: While risks are always part of any significant undertaking, the construction sector is characterized by an unusually-high level of exposure. Experts have suggested that a project could encounter more than 100 potential threats throughout its life cycle. It's here that you could use the 360-degree visibility that a software platform has to offer. Paired with a solid plan, it can make a huge difference in your risk management efforts.

Keep Projects On Schedule: Most platforms will require you to define timelines before work commences on any project. This makes it easier to manage the time frame and ensure that all tasks are completed before their due dates. You'll also be able to track progress in less time than it takes to do so with standard tools.

Better Utilization of Human Resources: Project platforms have features to allow users create detailed plans for the allocation of human resources. Once yours is up and running, you'll be able to delegate tasks across team members in a way that promotes efficiency and accountability. This will in turn eliminate manpower shortages and wastage, just to name but a few of the obstacles that inhibit project progress.

Technology can be a powerful ally in a firm's quest to grow bigger, better and more profitable. Nowhere does this hold more weight than in the construction sector. With the right project management platform in place, your bottom line will improve on a scale that would be unfathomable with whatever you're currently using. What's more, completing the switch before your competitors will result in you having an advantage over them. This is therefore an investment you'll want to make sooner, rather than later.




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