Why Real Estate Development Companies Are Now Adopting Integrated Project Platforms

By Henry McDonald


Over the last couple of years, it has become increasingly important to replace fragmented software solutions with integrated platforms. This comes as more Denver Highland real estate development firms wake up to the realization that no business process takes place in isolation. It's for this reason that most of them are now expanding their investment into specialized project management applications.

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:

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.

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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