
Defining Real Estate Project Management
Real Estate Project management is a methodology for controlling schedules, costs, and specifications developed initially for the construction industry. Every company, regardless of sector, prefers project management because its discipline leads to a successful project. However, it is also critical to execute the project management process flawlessly.
One of the most critical sectors of the national economy is real estate. Real estate means "actually existing," and estate means "owning land, property, or assets." Thus real estate can be defined as actual land or property owned. Delving deep into understanding project management in real estate, real estate can be classified into four types:
Residential Real Estate: Residential homes, condominiums, cooperatives, duplexes, townhouses, ...