…Sounds obvious, but it is more expensive than you know
Interestingly enough, the true cost of poor process is not in doing the process badly. Clearly there is some cost there, but often it is the knock-on effect that the poor process has on other areas of the company, the downstream of the problem, which is the real cost multiplier.
However, this is rarely calculated. If you have poorly documented and followed processes, you won’t even be able to identify the potential costs downstream—let alone measure them. (Note: processes must be documented AND followed to be valuable). So, like an iceberg, you only see a small part of the problem at surface level. Assuming an iceberg is a problem is looking at an iceberg from the Titanic’s rather than the penguin’s perspective.