Tuesday, July 10, 2018

Why Integrated Platforms Are Now Attracting Interest From Real Estate Developers

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.

Collaboration and Communication: These two often make the difference between the successful completion of a project and a disastrous outcome. Both can be made more effective through the use of an integrated construction management solution. With one on board, liaisons between project teams will be more effective. It can also minimize the need for meetings and emails (read time-wasters).

Manage Risks: There's no limit to the number of elements that can derail either the construction process itself or whatever takes place in the background. And while a project platform can't eliminate these threats completely, its presence can greatly enhance your ability to skip past. This is all thanks to the 360-degree view it will deliver, something you could use to scan the horizon for risks at any moment.

Stay on Schedule: This can be hard to achieve, particularly if there's no system in place to set and track project timelines. Fortunately, it's just this kind of challenge that construction software is meant to address. Most platforms come packed with scheduling dashboards to act as a fail-safe mechanism -- this feature makes it compulsory to define time frames before a project commences. There's also the centralized database that provides a clear overview of progress without delving deep into details.

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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