You're invested in a construction project. How can you address non-technical investors' concerns effectively?

I'd consider these key points: - Simplify technical jargon - Highlight the benefits of the project - Provide clear timelines and milestones - Showcase expertise and track record of the project team. - Address potential risks and outline strategies for mitigating them - Provide regular and transparent updates

The non-technical investors will be much more receptive to Project Lifecycle process if it will impact them. Avoid information overload. Be selective and consider what is essential. Use visuals aids, a few pictures can illustrate the point much more quickly. Ask for feedback, take frequent breaks to invite questions and clarify points. Be respectful of the audience’s technical knowledge limitations. You may need to conduct regular meetings with the in-depth understanding and appreciation they need. #projectlifecycle

That is a hard question, but it is like artist trying to paint from scratch. - Planning Phase (Preparing for a Trip): Like planning a trip, this phase sets the destination, budget, timeline, and identifies risks. - Design Phase (Creating Blueprints): Similar to designing a house, this phase lays out the specifics of the project. - Construction Phase (Building the House): It's like watching your dream house being built from the ground up. - Operation Phase (Living in the House): Similar to moving into and maintaining a house, this phase involves running and managing the facility effectively.

Buena comunicación, es fundamental. Simple y claro, siempre. El lenguaje técnico para alguien de afuera le resulta complejo. Medir la cantidad de información.

Simplify Terms to be basic components, so non-technical investor (non-techy) grasps the fundamental ideas behind the risk concepts. Use Analogies with approach of abstract notion, uncertainties, and unforeseen issues of risk diversification tangible, allowing non-techy to relate it to their daily experiences. Real Examples or a dedicated team is in place by showing similar risks have affected other organizations, so non-techy can better appreciate the importance of effective risk management. A visual / flow chart to show different risks interconnect can help non-techy understand the systemic nature of risk management. A concise summary ensures that non-techy leave with a clear picture of the essential elements of risk management.

Hacer un balance de pro y contra es fundamental. De esa forma uno detecta antes el problema, y eso permite tener la posibilidad de subsanar. De manera anticipa.

Risk management is critical in facilities engineering, especially for non-technical investors. It helps protect investments by identifying and mitigating threats like structural weaknesses and equipment failures. Cost efficiency is achieved by preventing costly incidents & ensuring regulatory compliance, which avoids fines and legal issues. Safety and compliance are vital, reducing legal liabilities.Optimizing performance through regular maintenance prevents downtimes, maximizing productivity and profitability. Risk management aids strategic decision-making by highlighting areas needing investment and informing mergers and acquisitions. Effective risk management is essential for safeguarding investments and achieving sustainable growth.

this shows awareness and an attempt to look around the corners. The "non-tech" stakeholders like to know that a project is being handled by the boots on the ground, this lets them focus on other issues. Taking one more concern of their plate is not just a piece of mind for them but an indication that you are customer focused.

Sustainable building practices need to be both altruistic AND focused on ROI. When looking to build “greener” it’s critical to avoid greenwashing nonsense and really dig into the data of different choices. Lifecycle costs are a huge factor in selecting an approach- yes you can build sustainable and have your ROI

Evaluating the ROI of sustainable initiatives is a urgent aspect of responsible facility management. By assessing the financial benefits of energy-efficient technologies, sustainable building retrofits, and eco-friendly practices, facility managers can make informed decisions that align with environmental and financial goals. Determining for sustainable facilities management is a smart move for any company. It leads to higher productivity, lower turnover rates, reduced energy expenses, and an enhanced reputation. That's why investing in sustainable facilities management guarantees a great return on investment.

Sustainability is crucial for facilities engineering, focusing on reducing environmental impact and improving energy efficiency. 1. Cost Savings Sustainable facilities utilize energy-efficient technologies, like LED lighting and advanced HVAC systems, which significantly lower utility bills and maintenance costs. Over time, these savings boost overall profitability. 2. Increased Property Value Eco-friendly properties attract tenants and buyers, leading to higher occupancy rates and rental income. Sustainability certifications, such as LEED etc. 3. Regulatory Compliance Sustainable facilities are better positioned to meet strict environmental and safety regulations, avoiding fines and demonstrating commitment to responsible practices.

The most important thing with the non technical stakeholders is to prioritize business outcomes and ROI over technical details. We have to consider and align the ways of communication to emphasize the value and benefits of the technical solutions. Avoiding using technical expressions and adopt a clear and concise communication style should be applied and achieved.

Transparency not only fosters trust but also enables informed decision-making, enhances credibility, and strengthens relationships with investor. Transparency through practice of sharing financial information has taken on a whole new meaning with the imperative stretching from individuals to institutions alongside the rising pressures on companies to open-up to all stakeholders. By empowering employees with the knowledge and tools to participate in company finances and productivity metrics, it can initiate a substantial cultural shift within an organisation. This all comes down to an organisation’s responsibility, ownership, results, and growth coming together to drive the needle forward.

The key communication strategies that can empower facility teams to optimize their performance: a. Establish clear and consistent channels for internal communication. b. Conduct regular team meetings and status updates to ensure alignment. c. Actively listen to the perspectives, concerns, and suggestions of team members and stakeholders. d. Establish a feedback loop to identify areas for improvement and enhance communication effectiveness. e. Implement specialized facility management software or platforms. f. Centralize communication, documentation, and task management. g. Utilize mobile communication tools or apps for on-the-go connectivity.

It's always helpful to put together a Stakeholder Management Plan. This helps you determine who needs what information and at what frequency. Consider both push and pull communication strategies. Push Example: Weekly updates email. Pull Example: A website, or even just a Google Sheet with simplified schedule, updated daily. Stakeholders can access at the frequency that works for them.

A robust communication strategy is vital for keeping investors in the loop. Describe how updates will be provided, whether through regular meetings, reports, or a project dashboard. Let them know their input is valued and that there will be opportunities for them to ask questions and provide feedback. This open line of communication is akin to having a group chat for a large family event – it keeps everyone informed and involved.

Non-technical investors consider several key factors when buying a facility: 1. **Financial Performance**: Evaluating potential returns, income projections, and operating costs. 2. **Location**: Assessing the facility’s accessibility, local infrastructure, and economic stability. 3. **Market Demand**: Analyzing demand for the facility type and local market trends. 4. **Legal Compliance**: Ensuring adherence to zoning laws and regulations. 5. **Tenant Profile**: Evaluating the stability and quality of existing or potential tenants. 6. **Condition and Maintenance**: Checking the facility's condition and potential repair costs. 7. **Future Growth**: Considering opportunities for development or expansion.