From transactions for individual dwellings to large scale developments, real estate professionals are integrally involved. We’ll look at the application of Lean and Six Sigma in real estate and finish with a video explaining real estate transaction flows.

Lean Six Sigma in Real Estate

“Use Lean Six Sigma to Improve Your Real Estate Investing and Be More Efficient” a post from BiggerPockets looks at the role of Lean Six Sigma in real estate.

The post includes:

  • The Seven Wastes and Real Estate
  • Practical Ways to Use Lean Six Sigma Techniques in Your Real Estate Investing

You can read the post here.

Lean Process Improvement and Management Behavior in Real Estate

In a paper titled  “The Effect Of Management Behaviour On Lean Process Improvement In The Real Estate Sector In Ghana” authors I. Salifu Osumanu , C.O. Aigbavboa, and D.W. Thwala assess the effects of Management behavior on Lean process improvement in the Real Estate Sector in Ghana.

The paper includes:

  • Factors Influencing Lean Process Improvement
  • Correlation Matrix
  • Multiple Regression Results

Use the following link to download a copy of the paper.

Six Sigma Applied to Real Estate Project Delivery

In a short paper titled “Application Of Six Sigma In Real Estate Project Delivery” authors Rutuja Deshmukh and Pranav Lende discuss the implementation of Six Sigma methodology in real estate industries using a summary of  seven different published studies.

You can read the paper here.

Using the 5 Whys in Real Estate Management

A brief article titled “Applying the “5 Whys” of Six Sigma to Property Management” from Schambs Property Management discusses the 5 Whys Applied to Real Estate Management through an example.

  You can read the article here.

Using 5S and Standard Work in Real Estate

In a case study titled  “Increasing Sales in a Real Estate Company Using 5S and Standardization Work: A Case Study” authors Carlos Miller Verano and others discuss the use of Lean Six Sigma tools, 5S and standard work.

The case study includes:

  • Current Sales Process
  • Improved Process Review

You can read the case study here.

Real Estate Transaction Process Overview

See the real estate transaction process flows from sales to contract ratification and from contract ratification to closing in this video from Tim Brooks.

You can watch the video here.

 

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