Budgeting the Right Time for New Tools

Have you ever created a tool or process for your company only to find that people aren’t using it effectively and some don’t even know about it?

D. Brown Management Profile Picture
D. Brown Management
April 19, 2018 2 minute read
Share
Leadership Tools: Budget Resources for New Tools and Processes Correctly.

If your answer was…

“No - every tool and process we have ever rolled out is being used perfectly 100% of the time by 100% of the team.”   *** 

 then please raise your hand so the rest of the industry can study you or get a job at your company.  :) 

One place to look might be in how you allocate resources to solving the problem.  It’s easy to get caught up in problem identification and creation as the biggest hurdles but these typically make up about 1% of the total effort.  

The real effort is committing the resource for initial training, coaching everyone to minimum demonstrated competency levels and most importantly committing resources to ongoing management of the process.  

If your team does not understand the level of resources required, plan for them and then have the daily discipline to stick to the commitments then you will end up with lots of tools and little impact. 

This is harder than it seems and is something we spend a lot of time working with teams on: https://dbmgt.co/contact

Decision Quality: Data Points, Accuracy, Confidence, and the Danger Zone
Decision quality IS NOT linearly related to information quantity. In complex environments with elements of uncertainty, data quantity quickly reaches a point of diminishing returns but increases decision confidence, which puts you into the danger zone.
Related Article
Creating Value
Know the difference between creating real value versus creating transactional value. Creating wealth and not just re-allocating it is the path to sustainable growth. Understand the differences and how to incorporate them into your strategy and planning.
Related Article
Accelerated Development - Closing the Gap
The shortage of critical talent in the construction industry will be 3X worse by 2020 and will continue to worsen through 2030. The only way that we will be able to close this gap is if we focus on accelerating the development of people.
Related Article