Why Real Estate Development Companies Are Now Adopting Integrated Project Platforms

By Henry McDonald


As business technology became more accessible, companies gradually became aware of the benefits that could be had from automating one's processes. The last few years have witnessed a similar renaissance, specifically one that involves switching from generic project management apps to integrated solutions. Not to be left behind, Denver Highland real estate developers have also begun to take interest in the same.

The fact that generic apps are designed to appeal across industries makes it impossible for them to match unique business requirements. This is in contrast to integrated platforms, most of which can be tailored in this regard. But that's not the only reason why you should consider investing in one:

Content Management: The last few years have witnessed a massive rise in the importance of data across all sectors, and the building industry is no exception. It's for this reason that management software solutions now come with content management features. Such include a central database, automated file tracking, plus other tools with which you can get more control over your document traffic.

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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