Saturday, July 7, 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.

If you're still using generic apps, chances are that you're finding it difficult to justify the cost of switching to a bespoke solution. It's worth pointing out that the former are built to appeal to a wide range of needs, but not the unique challenges your business faces. More noteworthy is the fact that a specialized platform won't just address these -- there's also a number of benefits it could bring your way:

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.

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.

Time Management: This often proves easier said than done if there's no framework in place to coordinate efforts. It therefore helps that most project platforms come packed with features to address this kind of challenge. Perhaps the most significant is the central database -- this creates the possibility of analyzing progress without having to dive too deep into details. Scheduling dashboards are also included as standard to allow users set and track timelines at any moment.

Efficient Utilization of Manpower: Manpower shortages and wastage are just but some of the labor-related challenges that often get in the way of smooth project completion. These can however be solved by putting in place a management platform. Once you have the software installed, it will no longer prove difficult to delegate tasks efficiently across all team members. You'll also be able to hold them accountable when something goes wrong.

Technology has always been considered as an enabler of progress in business, but nowhere is its impact more felt than in construction. In an industry where most projects take years to complete, the benefits to be had from modernizing one's tools are often amplified over time. Making the investment ahead of your competitors could further open up a significant advantage for your company in the long run. With that in mind, it's in your best interest to do this as soon as you can.




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