System and method for real estate development and construction cost and risk management

A method, comprising:

• receiving an invoice data flow;
• receiving a commitments data flow;
• receiving a budget transactions data flow;
• extracting data from the invoice data flow, the commitments data flow, and the budget transactions data flow;
• determining data inconsistencies;
• correcting data inconsistencies;
• updating a data set using the data extracted from the invoice data flow, the commitments data flow, and the budget transactions data flow;
• and
• generating a plurality of reports based on the updated data set.

A real estate development and construction cost and risk management system, comprising:

• a real estate development and construction cost and risk management module, comprising computer-executable code stored in non-volatile memory;
• a processor;
• and
• a communication device;
• wherein the real estate development and construction cost and risk management module, the processor, and the communication device are configured to:
• receive an invoice data flow via email;
• receive a commitments data flow via email;
• receive a budget transactions data flow via email;
• extract data from the invoice data flow, the commitments data flow, and the budget transactions data flow;
• update a data set using the data extracted from the invoice data flow, the commitments data flow, and the budget transactions data flow;
• and
• generate a plurality of reports based on the updated data set.