How would it feel to confidently know what would allow your organization to make the most of its resources and achieve the greatest impact with the least amount of effort?
It would be amazing.
As valuation professionals, we tend to be risk adverse, which shows up in our resistance to change. However, using this simple technique can provide a roadmap to success.
What are your technology and process initiatives to drive productivity in 2023?
“An hour of planning can save you 10 hours of doing.” Dale Carnegie
Recommended order to level up your appraisal department or firm.
- Low effort/high impact recommendations are often the best place to start when prioritizing recommendations, as they can provide a quick and easy way to improve the organization.
- Low effort/low impact recommendations may not be as high of a priority as low effort/high impact recommendations, but they can still be beneficial to the organization.
- High effort/high impact recommendations may be more difficult to implement, but they can also have a major impact on the organization.
- High effort/low impact recommendations may not be the highest priority, but they may still be worth considering if they can be implemented without too much difficulty.
Ultimately, the best way to prioritize recommendations is to consider the specific needs of your firm or department. However, the four recommendation categories can provide a helpful framework for making decisions about which recommendations to implement first.
There’s a lot of chatting (pun intended) about AI, mostly ChatGPT and Bard. These bellwether tools highlight the speed in which new technology tools are coming our way. It remains to be seen how AI can be leveraged in our valuation space today. But what about technology that’s designed for appraisers by appraisers that’s ready now?
Confidently know what to do and in what order to achieve the greatest impact with the least amount of effort.
Is it time to use technology to your advantage?