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Quick Trick: Tradeoffs

Friday, June 25, 2010 by Slaughter Development

Slaughter Development’s founder recently contributed as a guest to The Marketing Tech Blog. His topic: the quick-and-dirty trick for describing any project.

According to Robby Slaughter, when it comes to dealing with complicated projects, the ”Fast-Cheap-Good” rule is always a valuable yardstick when seeking results. Below is an excerpt from his post:

The purpose of this rule is to remind us that all complicated endeavors require tradeoffs. Whenever we have a gain in one area there will undoubtedly be a loss somewhere else.

. . .

This rule of thumb sometimes seems a little obvious. We all know there are tradeoffs in any project. Yet . . . project estimation is painful. That’s because clients will constantly put us in the trap of trying to deliver something which is fast, cheap and good all at the same time.

This is impossible. It’s the reason that deadlines slip, projects go over budget and quality suffers. You have to make tradeoffs.

Despite the fickle and sometimes negative connotation the word tradeoff may have, to Slaughter, its use in the ”Fast-Cheap-Good” rule is quite a valuable tool in the office:

When people ask for work to be done immediately, you can ask them if they would prefer to sacrifice quality or pay for increased costs. If someone wants to know about less expensive options, ask them if they would rather see options that connect savings to fewer features or to a longer development cycle.

To learn more about Slaughter Development’s perspective on increasing productivity and smoothing workflow in your organization, contact us today!

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Like this post? Here are some related entries from The Methodology Blog you might enjoy:

The Myth of Management Buy-In - Almost every change management professional talks about “management buy-in.” But actually, the most interesting and powerful business process improvements occur without the involvement of leadership. Read on »
The Value In Seeking Expertise - Today’s post on The Methodology Blog is from Denise Speer, founder and owner of c3-indy. As a marketing specialist and entrepreneur, she knows the exhilaration that comes with building a company, but doesn’t deny that certain projects can be more difficult than others to accomplish. Her advice: don’t be afraid to consult experts. Read on »
Encouraging Mediocrity - Mediocrity in the workforce certainly lacks luster. Not only does it deflate drive and motivation, but it inhibits productivity. Yet, what if that’s the standard being encouraged in your office? Read on »
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