8 ms·
BTW, I just remembered another consultant story the other way around. I was trying to do a banking deal and they sent me a draft that had the requirements liste
by fxtentacle 7y ago
BTW, I just remembered another consultant story the other way around. I was trying to do a banking deal and they sent me a draft that had the requirements listed as checkboxes.
[X] Form 123-AB has been signed
[X] Project duration less than 2 years
...
[ ] Company financials have been audited and confirmed
And the offer was timed to expire within days. At first, I thought this was a joke in bad faith, as there would be no way to have all company financials audited and legally confirmed by a certified accountancy within 7 days. But then I just called some random accountant offices, told them my story of needing a quick audit for the bank and asked for a quote and their time frame.
One company offered to do it as same-day service. I faxed them the documents in the morning, then his assistants would check them, then the certified accountant (the guy running the company) would confirm that everything was in order and then I'd get my result in the evening.
When I drove there in the afternoon with my paperwork for them to confirm and stamp it, I was told that their head guy was on vacation and had never been in the office. But one helpful assistant stamped and signed all of my documents "i.A." = "in absence". The whole audit cost me less than my usual daily rate.
Next day, I told my contact at the bank how things had gone and he chuckled and just said: Yes, they know that we just need the audit to tick a checkbox in our liability insurance form.
In other words, while I considered what the accountant guy did to be a rather low-effort incomplete job, he did exactly what was expected of him by the bank and what I needed to get my deal done.
- shantly 7y ago> In other words, while I considered what the accountant guy did to be a rather low-effort incomplete job, he did exactly what was expected of him by the bank and what I needed to get my deal done. The degree to which everything runs on this sort of system is kind of horrifying, once you're exposed to enough things like this for that to sink in. Relatedly, I guess my contribution to the broader thread would be: Almost no-one knows what they're doing, let alone is much good at it—so few, in fact, that society and the economy (and everything else) basically run on a massive and super-serious game of playing pretend. Yes, even that big important organization (public or private) where you expect everyone to be pretty damn competent. The difference between them and some normal place is that 5% of their people are impressively good at their jobs, rather than 2%.
- dsfyu404ed 7y ago>The degree to which everything runs on this sort of system is kind of horrifying, once you're exposed to enough things like this for that to sink in. So? It clearly works. People want everything to be high quality master craftsman type work but almost nothing is and it almost never matters. People like to think that the auditors are going over the papers with a magnifying glass and that their landscaper is applying exactly the right fertilizer for the soil conditions. In reality the auditors are skimming the papers and the landscaper is just using whatever brand has worked decently in the past. Most work done most of the time is little more than the minimum and that's all the world needs. You can either look at that as sloppy and low effort or efficient allocation of resources.
- mannykannot 7y agoIt works right up until it doesn't: see 737 Max, mortgage crisis... Perhaps the best thing that can be said for pro-forma processes is that they usually put people on notice that they may be held accountable for their actions -- though, of course, that is not always the case.
- dsfyu404ed 7y agoAnd look at all the planes that don't fall out of the sky and all the financial products that don't cause crisis. The "even rare failures are unacceptable" line of reasoning is simply too conservative to permit our modern society to exist. The resources we would have to dedicate to preventing these kinds of things (don't forget the 90/10 rule) in every case would be astronomical. Imagine if every bit of software had to be written the way NASA rights their software for human carrying vehicles and if every financial transaction had to be strictly scrutinized. Software would be so expensive that it would be used far less than it is today and all the good that brings would not exist. Credit would be far, far less accessible to just about everyone you could fill a library with books that have been written about why that is bad. And those are just two industries(!!!!). It's really east to say "But the MAX" or "but the mortgage crisis" but occasional failures like that are simply the price of a reality where normal everyday people can travel thousands of miles in a day and have access to credit.