Recently I came across this webpage: How Much Is “The Way We’ve Always Done It” Costing You?. In this page, there is a cost calculator to determine how much time and money you and your team waste on inconsistent processes, status meetings, and tedious, manual work.
You may access the cost calculator here: https://www.smartsheet.com/status-quo-cost-calculator
Immediately, I keyed in the information to the best of my knowledge and was so amazed to see the time I spent in each of those areas: work processes, status meetings, manual work.
Here is a summary of 57Network’s result.
Cost of unproductive status meetings is approximately RM200,000. Never have I imagined the cost we spent for all these meetings.
On the other hand, I am happy to see these figures because we have saved at least 70% of these amounts through the digitalisation efforts that we have put in in the past few years.
Today, we have streamlined our work processes, conducted effective status meetings and automated manual works as much as we can.
Let’s focus on the Status Meetings and how to conduct more effective meetings.
Status meetings are very important to every team, every department, every organisation. It is a time where teams are aligned and where visions and missions are reinforced. But, how many times have you dreaded attending a meeting?
For those who take the Status Meetings to heart, not to forget the preparation they have to make prior to the meetings: preparing progress reports. Are you still preparing a powerpoint presentation for every status meeting?
How can we make our Status Meetings more effective? Firstly, we have to understand the key elements of Status Meetings:
Smartsheet Meeting Management Template set is a good way to kickstart your Meeting Management process: https://app.smartsheet.com/b/publish?EQBCT=959c434a3dcc4f968a98941097137008
These items in the Meeting Management Template set address the 7 key elements of a Status Meeting as listed above:
We can empower your team to customise the Meeting Management Template set to fit your team’s requirement. Are you ready to organise your next effective Team Meeting?
Here is an article for additional reading: 8 ways to make your meetings less costly, more productive
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With 57Network’s customised training modules, your team will be unleashed to achieve more with Smartsheet.
We also provide Solution Building services to speed up your transformation journey.
Wish to understand how we can empower your team for greater achievement?
Writers and Bloggers from Smartsheet.