What is cost of delay? Understanding Cost of Delay is the key to making product development decisions based on economic loss or gain. In fact, the Cost of Delay is what Don Reinertsen refers to as The Golden Key. Here are three Lean links that describe what it is, how to calculate it and provide some real world examples of making project trade-offs based on their impact on profit.
Cost of Delay: Theory & Practice with Don Reinertsen
Don Reinertsen is the industry expert on cost of delay. In this video, he describes what it is, and goes into detail about making product decisions based on their impact on profit.
Cost of Delay: A 10 part series
In this series of posts, Eric Graves starts by defining cost of delay, and then takes the reader though an in-depth conversation on the many aspects of calculating it, as well as provides real world examples of its impact on profit.
Create Your Own Project Economic Model
Does adding capability make sense if you have to delay the launch of your product? This on demand webinar will show you how to develop a simple economic model to make project decisions based on their impact on profit.
Do you know the number one cause of project delays? It's not what you think. Watch this 9-minute video to find out.
- The Playbook Team