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

All data requires active management

October 16, 2024

All data requires active management It’s a simple fact of data management that is often […]

Documentation is critical for consistency

October 9, 2024

Documentation is critical for consistency There are so many reasons why documenting your data management […]

Consumer demands change and technology changes

October 2, 2024

Consumer demands change and technology changes When I work with clients on the selection of […]

Why I write

September 25, 2024

Why I write Thirty years ago, I started a new job as director of membership […]

DAN – The Data Analytics Network

September 18, 2024

DAN – The Data Analytics Network I’m a huge fan of users groups (both internal […]

Process before technology

September 11, 2024

Process before technology In a conversation with a client recently, I was reminded (yet again) […]

Opting out and communication preferences

September 4, 2024

Opting out and communication preferences Last week’s newsletter discussed the need for associations to collect mobile […]

Are you collecting mobile phone numbers? You should be.

August 28, 2024

Are you collecting mobile phone numbers? You should be. Are you collecting (and using) the […]

Spend less time on data management and more on higher value activities

August 21, 2024

Spend less time on data management and more on higher value activities Data management is very […]

Change anything you want, except your name!

August 7, 2024

Change anything you want, except your name! This is an oldy but a goody, but […]

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top