Evaluation of the Impact of Information and Communication Technology in Real Estate Project Management, in South-East, Nigeria

Abstract

<p><strong>Abstract:</strong><i> </i>Real estate development has witnessed remarkable growth in recent years, In South East, Nigeria, as the world becomes increasingly interconnected, the impact of information and communication technology (ICT) on various industries is undeniable, the integration of ICT in real estate project management has significantly transformed the industry, enhancing efficiency, speed, and accuracy in various processes. This article evaluates the impact of ICT in real estate project management in South-East, Nigeria, highlighting the benefits it brings to the sector. To conduct this evaluation, a mixed-methods research approach was employed using two different data collection instruments viz: mixture of structured and open-ended questionnaire and semi-structured interviews with the selected project teams which include architects, quantity surveyors, real estate project managers and real estate developers were used to gather information on the study. The collected data were analyzed using appropriate statistical methods for the quantitative survey. The study revealed that real estate project management in the South-East Nigeria has experienced increased transparency and accountability through the use of ICT. Online project tracking systems have made it easier for stakeholders to monitor project progress and ensure compliance with regulations even from afar. Adoption of ICT in real estate project management has resulted in significant cost savings and increased profitability. ICT impacts positively on real estate project management in the South-East Nigeria especially in term of increased efficiency, collaboration to analysis and cost savings, ICT has become an indispensable tool in this industry and has transformed traditional project management practices by streamlining processes, enhancing communication, and providing stakeholders with real-time project information. As the real estate market in Nigeria continues to grow, it is imperative for professionals in the sector to embrace ICT integration to remain competitive and ensure project success.</p><p><strong>Keywords:</strong> Evaluation, Impact, Information and Communication Technology, Real Estate Project Management.</p><p><strong>Title:</strong> Evaluation of the Impact of Information and Communication Technology in Real Estate Project Management, in South-East, Nigeria</p><p><strong>Author:</strong> CHIEMEZIE C. NWOSU, CHARLES C. EGOLUM, ESTHER I. OLADEJO</p><p><strong>International Journal of Recent Research in Mathematics Computer Science and Information Technology</strong></p><p><strong>ISSN 2350-1022</strong></p><p><strong>Vol. 10, Issue 2, October 2023 - March 2024</strong></p><p><strong>Page No: 1-10</strong></p><p><strong>Paper Publications</strong></p><p><strong>Website: www.paperpublications.org</strong></p><p><strong>Published Date: 13-November-2023</strong></p><p><strong>DOI: </strong><a href="https://doi.org/10.5281/zenodo.10118356"><strong>https://doi.org/10.5281/zenodo.10118356</strong></a></p><p><strong>Paper Download Link (Source)</strong></p><p><a href="https://www.paperpublications.org/upload/book/Evaluation%20of%20the%20Impact%20of%20Information-13112023-5.pdf"><strong>https://www.paperpublications.org/upload/book/Evaluation%20of%20the%20Impact%20of%20Information-13112023-5.pdf</strong></a></p&gt