Saturday, July 7, 2018

Why Integrated Platforms Are Now Attracting Interest From Real Estate Developers

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.

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).

Risk Mitigation: Construction projects are exposed to more risks than can be encountered in other sectors. Although it's impossible to sterilize them completely, having a good view of the project can make a huge difference. And it's just this kind of visibility that a software platform could bring along. Paired with the right approach, this could help you spot and evade threats before they materialize.

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.

Delegation of Roles: Project management tools come with features that enable the systematic distribution of labor. This minimizes confusion relating to work responsibilities, plus the likelihood of running into labor shortages as well. It also makes it easier to hold accountable every member of the team. As a result, accountability goes up across the board.

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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