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Last updated on Dec 1, 2024
  1. All
  2. Real Estate
  3. Real Estate Development

Your project update faces scrutiny over data accuracy. How will you reassure a skeptical stakeholder?

When your project's data accuracy is questioned, it's crucial to maintain stakeholder trust. Here are strategies to bolster confidence:

- Provide a detailed methodology. Explain how data was collected and processed.

- Offer to review together. Walk through the data points in question to clarify any doubts.

- Implement feedback mechanisms. Show openness to critique and willingness to improve data integrity.

How do you approach stakeholder concerns regarding data?

Real Estate Development Real Estate Development

Real Estate Development

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Last updated on Dec 1, 2024
  1. All
  2. Real Estate
  3. Real Estate Development

Your project update faces scrutiny over data accuracy. How will you reassure a skeptical stakeholder?

When your project's data accuracy is questioned, it's crucial to maintain stakeholder trust. Here are strategies to bolster confidence:

- Provide a detailed methodology. Explain how data was collected and processed.

- Offer to review together. Walk through the data points in question to clarify any doubts.

- Implement feedback mechanisms. Show openness to critique and willingness to improve data integrity.

How do you approach stakeholder concerns regarding data?

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3 answers
  • Contributor profile photo
    Contributor profile photo
    Noorjahan Begum - MBA

    G.M. - Project Development - Land, Legal & Technical | Renewable Energy | AutoCAD | Lean Six Sigma | Data Analytics | PMP | 16 Years

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    To reassure a skeptical stakeholder about data accuracy, use these steps, its help build trust and confidence in the data. 1. Explain the data process – Share how the data was collected and verified. 2. Provide sources – Show reliable references to support the numbers. 3. Offer a review session – Go through the data together to address concerns. 4. Use clear visuals – Graphs and charts make data easier to understand. 5. Highlight past accuracy – Show a track record of correct reporting. 6. Be open to feedback – Accept suggestions and improve where needed. 7. Ensure third-party validation – Independent verification adds credibility. Date: 25/02/2025

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    Michel Valente

    Conseil en gestion de patrimoine immobilier

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    Convaincre un intervenant sceptique ne repose pas sur des discours rassurants, mais sur des preuves tangibles et une approche structurée. En identifiant ses doutes, en apportant des éléments concrets, en mettant en avant la valeur du projet et en instaurant une communication transparente, il est possible de transformer le scepticisme en adhésion. Chaque projet immobilier repose sur une dynamique de confiance. Plus cette confiance est nourrie par des faits, des chiffres et une strat��gie claire, plus les chances de succès sont élevées.

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    Justin Lew

    Manager of Development @ Vancouver Airport Authority | Overseeing Development Projects

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    If your project update is facing scrutiny, staying ahead is more important than ever. With thinner margins and tighter competition, every decision counts. Key Tips to Stay Competitive: ✅ Master the Basics – Now more than ever, doing the fundamentals well makes all the difference. Accurate, up-to-date market data is essential to making smart investment and pricing decisions. ✅ Leverage Smart Tools – A service like Real Property Data can help uncover 2–5% more revenue per project, making the difference between profit and loss. If you’re a property owner, developer, or investor and want to increase your project’s average sales $/SF, send me a message—I’d love to share more insights!

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