Project Management with the 80/20 Principle

“The shorter the time allowed for a project, the greater proportion of time that should be allowed for its detailed planning and thinking through. When I was a partner at management consultants Bain & Company, we proved conclusively that the best-managed projects we undertook–those that had the highest client and consultant satisfaction, the least wasted time, and the highest margins–were those where there was the greatest ratio of planning time to execution time.” (p. 122)

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