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Home » The Hidden Cost of Inefficient Processes for Product Teams | By Seyi Obadimeji

The Hidden Cost of Inefficient Processes for Product Teams | By Seyi Obadimeji

Techeconomy by Techeconomy
March 8, 2023
in Guest Writer
Reading Time: 3 mins read
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Product Teams | Seyi Obadimeji

What a Product Team should look like | by Seyi Obadimeji

As product teams gear up to meet another year’s ambitious targets, deadlines loom, priorities shift, and teams scramble to stay ahead.

In the rush to deliver, one critical issue often goes unnoticed—inefficient processes silently drain productivity, much like a slow leak. The real danger? Teams don’t realize the impact until it’s too late.

Recently, I observed that many product teams prioritized speed and efficiency, but this approach sometimes had adverse effects.

Inefficiencies don’t always manifest as obvious failures like missed deadlines or budget overruns; more often, they are subtle inefficiencies in daily tasks that accumulate over time.

The year 2023 has seen these inefficient processes impede progress and lead to the loss of time, money, and valuable talent. These costs accumulate rapidly, trapping teams in a cycle of minimal results and wasted effort.

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For most product teams, it’s all too easy to close one’s eyes to inefficiencies that one knows are there. Who’s got time to look back when there’s so much to do?

But the point is, every hour wasted wrestling through steps that don’t have to be taken or debugging errors that shouldn’t happen is an hour that could have been spent improving the product.

The Unseen Effect: Team Morale and Innovation

Starting this year, we acknowledge that wasteful processes are not just costly in terms of time and resources. They are also very costly in terms of team spirit and innovation.

When teams are wasting their time on redundant, low-value activities, they are unable to concentrate their time on the high-value work that actually fuels innovation.

The more time wasted on manual coordination or rework, the less time available for strategic thinking and creative problem-solving.

And let’s be honest: nobody likes to work in a chaotic environment. When the processes aren’t smooth, people get frustrated.

Over time, this leads to burnout, decreased engagement, and a general sense that “this isn’t working.”

The problem is that, when you’re in the thick of it, the damage is often invisible. It’s only when things start to fall apart that the true cost becomes apparent.

How to Locate and Fix Broken Processes

So, where are we heading in 2024? So, how do teams discover where these hidden costs are coming from, and most importantly, how do they fix them?

Step one is to step back and review your workflows. Are you stuck in continuous meetings, making requests around the clock, or holding on to approvals that should have been automated?

Is your team losing hours on tedious labour that can easily be streamlined using the proper tools?

Here’s what you can do:

1. Map Your Processes: Plot out your existing processes. Piece of cake, right? But here’s where the sorcery happens.

By having a visual representation of your processes, you’ll be able to find bottlenecks and inefficiencies that are in plain sight. Find tasks that are repetitive, prone to error, or simply bottlenecking stuff unnecessarily.

2. Automate Repetitive Tasks: Automate once the pain points have been identified. Manual deployment, testing, or data entry—whatever it may be, there are tools out there that will minimise the amount of human effort needed.

Automation is not a panacea for all, but it can give your team some extra time and lower the instances of human mistakes.

3. Adopt Cross-Functional Collaboration: One of the most compelling reasons why there are bad processes is poor team communication.

Product managers, designers, and engineers typically work in silos, and it results in delays and miscommunication. Foster teamwork with regular check-ins and feedback loops throughout each stage of the team.

4. Iterate and Improve: Don’t try to do it all at once. Process improvement is continuous. Track the effect of changes after making them and keep on improving. Create a culture of continuous improvement where anyone feels free to make process improvement suggestions.

Ultimately, poor processes are the silent killer of innovation and productivity. They cost time, money, and morale without ever showing up on the report.

But here’s the good news: they are not invincible. By taking the time to audit, automate, and streamline your processes, you can eliminate the hidden costs while quietly siphoning the potential from your team.

So as you move on, stand back and take stock. The unseen cost of a bad process could be even worse than you can imagine, but by doing it right, you can turn the tide and let your team live up to its full potential.

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