Celina Bhardwaj

CM4050

This research explores the enhancement of ERP Efficiency in the construction industry for risk management and cost optimization for the scope of labor and material automation. It examines into how labor and material reconciliation processes, which are necessary for risk management and cost reduction in real estate projects, could be further optimized with ERP systems. The Indian real estate sector, which is an essential component behind both urban development and economic growth, is known to develop large-scale projects requiring for careful scheduling, resource management, and cost control. However, challenges including shifting labour costs, variable material prices, and frequent scope modifications create significant risks to project budgets and time constraints. Enterprise resource planning (ERP) solutions transformed project management by combining real-time data analytics, automation, and risk mitigation strategies.