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Thursday, 12 July 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.

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:

Streamline Data management: Today, a typical project will feature so many sources of information that, without the right tools, keeping track of the same can quickly become a nightmare. Fortunately, most software solutions come packed with content management features as standard. Whether it's the consolidated database or automated filing, these tools can help you streamline your document traffic. This translates to better control and, by extension, more organized operations.

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.

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 has always been seen as a vital enabler of growth in business, but nowhere is this more true than in construction management. Leveraging the power of an integrated project platform will save you plenty of money, time and frustration. More crucially, beating your competitors to the switch will open up a huge advantage for your firm going forward. Take note that the latter has a statute of limitations attached to it.




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