2 ms·
I've found this to be true not just of financing and money but of scheduling and time as well [1]. I wouldn't be surprised if this applies to many other resourc
by schmich 9y ago
I've found this to be true not just of financing and money but of scheduling and time as well [1]. I wouldn't be surprised if this applies to many other resources, like employees in a company.
For example, given the task of building a complex system under a time constraint, it's easy to exhaust the time granted, be it a week, a month, or a year. A complex system can always be more perfect, so you can always spend more time on making it better. A limited resource (e.g. a week) can force you to focus on the essential solution whereas an abundance (e.g. a month) can lead to frivolous design and overengineering.
The antidote seems to be organizational restraint, concrete milestones, and constant readjustment to keep in line with greater goals. Scope creep, perfect-as-enemy-of-good, and bike shedding are all aspects of this behavior.
[1] https://en.wikipedia.org/wiki/Parkinson%27s_law https://en.wikipedia.org/wiki/Parkinson%27s_law