Your one non-renewable resource

Your one non-renewable resource

For any project, the three primary resources are time, money, and people. And with any project (and in life itself) the only resource that is non-renewable is time. You can always find more money and you can always add more people, but you can never recover time spent on a project. (Yes, you can add time to a project, but that just means the project finishes later; you haven't actually renewed time.)

Why does this matter? Because time is non-renewable, you should guard it very jealously. Not only your own time but anyone else working on the project. That means only "using" someone's time when you absolutely have to.

For example, are you having a meeting to discuss the project? Will the meeting involve only sharing of information or will it involve decision-making also? If it's only information sharing, more often than not the information can be shared by memo/email. Don't get ten people in a Zoom meeting for half an hour just to talk. That's time lost forever.

And should a decision come down to adding more time or adding more expense, always choose the latter. You can always find more money (renewable) but you can't renew time.

Wes's Wednesday Wisdom Archives

It’s all about managing expectations

September 28, 2022

It’s all about managing expectations I placed an order online on a Friday and the …

It’s all about managing expectations Read More »

Experience is the best teacher

September 21, 2022

Experience is the best teacher Experience is the best teacher. Every one of us has …

Experience is the best teacher Read More »

Don’t ask for what you don’t need!

September 14, 2022

Don’t ask for what you don’t need! Recently I received a bill from a doctor’s …

Don’t ask for what you don’t need! Read More »

It is never done – so celebrate!

September 7, 2022

It is never done – so celebrate! A client of mine recently had their official …

It is never done – so celebrate! Read More »

MDR (Minimum Data Required)

August 31, 2022

MDR (Minimum Data Required) I’ve written about minimum viable product (MVP) in software development in the …

MDR (Minimum Data Required) Read More »

Simpler and Faster is Better

August 24, 2022

Simple and Faster is Better Earlier this week I was fortunate enough to attend a …

Simpler and Faster is Better Read More »

Patience and grace

August 17, 2022

Patience and grace A past client of mine recently told me: “You inspire confidence and …

Patience and grace Read More »

Sometimes you just have to try it and see what happens

August 10, 2022

Sometimes you just have to try it and see what happens The single greatest key …

Sometimes you just have to try it and see what happens Read More »

Training and testing

August 3, 2022

Training and testing I’ve written before that the best form of training follows this process: …

Training and testing Read More »

How to save a “failing” project

July 27, 2022

How to save a “failing” project It is not unusual for me to receive a …

How to save a “failing” project Read More »

Scroll to Top