Accounting

Discussing the theory behind Cost-of-Delay and some of the practical considerations of adopting and utilizing this tool.

In software, "faster" delivery is often thought as better - as used in the first-to-market examples. But is it more important than "cheaper", "higher performance", or "lower risk"? To answer this, we must quantify what we should rationally pay to save a month of cycle time. Cost of delay (or CoD for short) is used to quantify the cost and benefit of pushing delivery out, and so is used as a prioritization tool in SAFe.

How lean accounting provides the relevant financial and non-financial information necessary to drive financial success.

Lean accounting pioneer and president of BMA Nick Katko comprehensively explains why Lean Accounting creates strategic and operational alignment in 5 major areas of a lean organization. The expert introduces Lean accounting stating that It provides the relevant financial and non-financial information necessary to execute the lean strategy and drive financial success. Read the article to learn what is Lean accounting and how it is applied in five verticals of lean organizations.