Time Quote by Michael Farmer
““The auditing of time sheet hours is a time wasting process that can be eliminated if contracts focus on paying agencies for deliverables rather than for man-hours.””
About This Quote
The quote argues that paying for deliverables instead of man‑hours would remove the need for time‑sheet audits, saving time and reducing waste.
In simple terms: Pay for results, not hours, to cut audit work.
Key Takeaway
Shift contracts to outcome‑based payment.
Themes
efficiency
contracting
productivity
Mood
pragmatic
critical
Type
business
process improvement
When to use this quote
- project management
- consulting
- outsourcing
- budget planning
Key Concepts
cost‑benefit analysis
performance metrics
Questions to Reflect On
- How would you ensure quality when paying per deliverable?
- What risks arise from eliminating time‑sheet audits?
A Different Perspective
May ignore quality of work or create perverse incentives.
