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Ricardo Vargas, PhD
Ricardo Vargas, PhD
Global authority in project, portfolio and risk management
September 3, 2024 ยท 10:21 AMView on Instagram โ†—
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Hi All, When managing projects, we aim to balance effort with results in what is called the Law of Diminishing Returns. ๐Ÿš€ We all love simplifying processes for maximum outcomes, but too little management is like hoping to win the lottery if your project succeeds. As we add governance and structure, our chances of success increase!! But more management doesn't mean better results. Instead, it can bog down your project with bureaucracy. ๐Ÿ›‘ The key is finding the right balance... Excessive management can be just as harmful as lack of management. My suggestion is that we must assess our processes. ๐Ÿ“ Are they helping or hindering our project? Let's find that sweet spot to deliver value without unnecessary complexity. Ricardo #ProjectManagement #Efficiency #LawOfDiminishingReturns #Leadership #ManagementTips #BusinessStrategy