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Showing posts from May, 2017

Time is an Asset - Delay is a Cost

Cost of Delay is a vital concept for management teams to understand and use. It enables better decision-making concerning investments and cost-saving, and is the basis of a coherent economic framework for considering the trade-offs management are responsible for, when deciding for example, whether to focus on reducing cost, or on investments that might reduce costs or increase value in the future.

After over a year of blogging and conference presentations on the topic - much of which has focused on the technical rather than practical explanations - I want to draw these to a close here with some straightforward summaries for managers of agile teams. While I think most managers will benefit from looking more deeply at why this advice applies (and its limits based on the assumptions underlying it), I'm also clear that a summary of what to do is the most helpful.

My thinking has evolved over the year, since the preparation and publication of the Kanban guide to Kanban - Essential Kanb…