In a conversation about the application of Delve Analytics, Ryan Fuller shares a story of how the tool was used to identify the overall time spent every year for one weekly executive status meeting (from 6:15 in the video above). The numbers were:
– 7000 direct hours by 11 executives
– 20,000 hours per year for pre-meetings by each executive
– 63,000 hours per year for prep meetings for the pre-meetings for each executive
– 210,000 hours per year for the prep meetings for the prep meetings.
Total time: 300,000 hours, for a meeting no one thought was particularly valuable. At a cost of $45 million per year.
Result: a re-evaluation of the meeting.
The power of clearly analysed data is wonderful stuff.