How Automating Construction Project Management can Revamp your Business Plans 

09.05.22 02:43 PM Comment(s) By Assetsoft

Getting technical support in conducting construction project management is on the rise. You can customize a construction project management software according to your construction type. Estimating the scope of work, construction schedules, following guidelines, and maintaining cost and quality can be automated with construction management software. 

 

You can keep up with your construction performance timelines and with proper coordination between all teams, workers, and vendors to match your goals. Read this article to know how a new-age construction project management software can help revamp your real estate business plans. 

Why Do You Need Automation?

Before 2020 and the pandemic, the real estate industry was not very well-versed with automation in real estate. They were reluctant in technology selection. But post-pandemic investment in technology is on the rise to help automate work and minimize physical labor in project management. From virtual home tours to automating the construction management systems, real estate is introducing Software as a Service (SaaS) integration for all. 

 

Forbes reports say that the digital transformation in real estate is one of the best outcomes of the pandemic and companies agree. Many such transformations are happening to make real estate more sustainable and positively impact business ROI. A brand named Carbon Lighthouse raised $67 million and is using AI-based technology to reduce the carbon footprint of Commercial Real Estate properties.  

Top Advantages of Automating Construction Project Management 

Now the real estate industry uses construction management software in all sectors because it is a very structured business step for growth. From residential projects to industrial construction, no matter the size of your project, software like Procore can automate it for you. 


  • Get visibility at every step of the process 

 

Having a construction worker safety guide isn't the only answer. With a proper technology selection in project management and construction work, you can keep real-time track of your data and everyday construction work. Automating construction work can get it done from managing vendors to getting actionable data insights. You can even make standardized systems for similar projects and develop patterns for workflow management. Also, when you have data insights into your business, you can easily predict and see risk areas beforehand and mitigate them. Project management processes like this will give you visibility on every step of the construction process and let you stay in control of your business development.  


  • Deliver properties on time and stick to budgets 

 

You can customize your construction project management software features and input work timelines and budgets. Your system will keep track of these and help you stick to the pre-set plans to help you not overspend or lag behind on timelines by automating the whole workflow. Your vendors, construction contractors, and financial department can constantly update the current budget scenario and manage accordingly.  


  • Coordination between office and construction team 

 

Construction is not only about work on sites; it also needs constant coordination work between back office teams, property managers, owners, and investors to get the work going. The construction management software dashboard will help you manage and coordinate the work from your remote device even without visiting the construction site or the office. A mobile-friendly site with a simple dashboard in Procore can help you reach success in all construction work through hassle-free coordination.  


  • Effortless construction management 

 

From coordinating between planning teams to getting specialized help for minute work and managing the overall project, you can do it from your construction management software. You no longer need to set foot on the project site or visit vendors physically to initiate and manage work. You can also ask for changes, take updates, and share inputs with all stakeholders through the same single dashboard of the software. All your project data and updates will also be on the cloud and hence be highly secure and readily accessible to help you scale growth in real-time.  


  • Real-time insights on the financial health of projects 

 

When it comes to construction, budgeting and forecasting can always go haywire as endless unprecedented situations can arise. From rising costs of goods to vendor problems, the possibilities are sky-high. The proper technology and software usage in project management can address this problem. The strategy and leadership team in your real estate business can think accordingly and help in bettering the finances and cash flow to help resolve such hurdles. You will get reports on the financial health of your construction work and be updated about it every passing moment, and stay on top of all problems before they curveball into a roadblock.  


  • Keep up with all safety and quality guidelines 

 

There are many guidelines issued by the US government to ensure safety at construction sites both workers and the actual construction work. Similarly, as a business owner, you must also have your own set of safety and quality guidelines for the construction work of your properties. A construction management software can help you keep up with all these standards and check them on the go. You can also coordinate inspections and audits and make a safe environment for your workers and the future residents of your properties. Such software will also give you insights on which areas are at high risk of safety issues and where there is a chance to better the quality of work to help you plan accordingly.  


  • Construction management technology to save money and time 

 

Efficient project processes and automated coordination between teams always help real estate companies stick to pre-set budgets and avoid mistakes of overspending. More than 39% of construction companies and real estate businesses that use Procore have said that they have saved money on construction costs after integrating this software. 83% of users even said they delivered higher quality projects within budget and time after using this software to manage construction work.  

Make Project Management Easier With Assetsoft

Are you looking to integrate the latest project construction management software into your system? Contact us today to start the process. The Assetsoft team is here to simplify the process for you and even develop customized plans to make it the right fit for your business. We can help you integrate the best software solution for everything in the real estate business, from asset management to property management and project management. Talk to us to know more in detail.  

Assetsoft

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