Use of Lean Approach in Real Estate Projects
Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regional and Territorial Development ICEREE’2022: Book of Abstracts 2022
Aleena Batley, Kristīne Fedotova

The purpose of the research is focused on the lean construction methods and concepts to deal with real estate market by showcasing the improvements in construction management and waste reduction. Lean thinking being more efficient as it enhances productivity and speed, reduce time, cost and losses. Lean construction tools selected for the study are either ready to-use with minor suggestions and improvements. Author makes a quantitative analysis of investigations through assessment of case studies by using structural analysis, use of Last Planner System metrics and value stream efficiency. The research examines the current condition of the process and future preparation through value-stream mapping which is actually a material and information-flow mapping which focuses on finding and eliminating waste. The study shows how LPS improves reliability, productivity and planning in the project. Lean manufacturing application streamlines and optimizes the manufacturing process also reducing waste concluding to project success. The study also identifies the challenges in lean construction management and how it could be hampered by improvement program that focuses on results. The research provides numerous measures and production of new metrics, and systematic LPS parameter evaluation with database-driven tools for future analysis of real-world initiatives.


Keywords
construction management, data analysis, lean approach, real estate, value streaming map
Hyperlink
https://buni.rtu.lv/wp-content/uploads/sites/68/2022/09/ICEREE-abstracts_2022-web.pdf

Batley, A., Fedotova, K. Use of Lean Approach in Real Estate Projects. In: Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regional and Territorial Development ICEREE’2022: Book of Abstracts, Latvia, Riga, 29-30 September, 2022. Riga: RTU Press, 2022, pp.39-39. ISSN 2592-9372.

Publication language
English (en)
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