Thursday, October 12, 2017

Perfectly Imperfect - The Cost of Perfection

This chart shows the Cost of Perfection:

If you want to achieve 100% perfection on any project, product, service, or process, it will take about 70% of the cost (time, money, etc) to reach 90%.  The return of the final 10% is not worth the cost (final 30%).  There is a large diminishing return.

Therefore, unless you are a brain surgeon or rocket scientist, don't strive for perfection.  Instead, you want to achieve success and provide value.