January 28, 2010

The importance of transparency in real estate decision-making

Is data transparency intangible in real estate project management? Many consider transparency to be immeasurable and therefore not valid in an ROI analysis.

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Lucernex expert Mike Nuzum (see Mike’s management summary here) provides this response:

During the time I was in the retail business we developed many ways to compress the time it took to complete critical project tasks; whether it was to get a store open faster, get leases signed faster or implement a multi-store remodel capital project quicker. (NSCB3GKUGAMP)

One process we developed enabled us to open new stores in just 3 days.

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