What is development plan in SAP RE - Real Estate Management?

SAP Term: development plan

• Component: RE

• Component Name: Real Estate Management

• Description: A set of guidelines for buildings within a city or community. The development plan is based on laws governing construction and determines such things as the type of building use and the allowed height of buildings. Together with the land use map it forms the core of land use and building planning for the community.

Smart SAP Assistant

• Key Concepts: 
  A development plan in SAP RE (Real Estate Management) is a document that outlines the development process of a real estate project. It includes the project's goals, objectives, timeline, budget, and other relevant information. The development plan is used to guide the project's progress and ensure that it meets its goals.
  
  How to use it: 
  The development plan is created at the beginning of a real estate project and is used throughout the project's duration. It should be updated regularly to reflect any changes in the project's goals or timeline. The development plan should be shared with all stakeholders involved in the project so that everyone is aware of the project's progress and can provide feedback as needed.
  
  Tips & Tricks: 
  When creating a development plan, it is important to be as detailed as possible. Include all relevant information such as budget, timeline, objectives, and any other relevant information. This will help ensure that everyone involved in the project is on the same page and can provide feedback as needed.
  
  Related Information: 
  For more information on development plans in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.