Project Management in Under 5: What is Productivity? | Summary and Q&A

1.3K views
November 15, 2018
by
Online PM Courses - Mike Clayton
YouTube video player
Project Management in Under 5: What is Productivity?

TL;DR

Productivity is about getting things done efficiently, but true value lies in being effective and delivering the right results.

Install to Summarize YouTube Videos and Get Transcripts

Key Insights

  • ☠️ Productivity measures work rate and output, while efficiency focuses on minimum time and resource usage.
  • ❓ Being organized and competent contributes to efficiency, but productivity is about achieving tasks.
  • 🚚 Effectiveness combines efficiency and productivity, emphasizing delivering valuable results and avoiding wasted effort.
  • 🗯️ Project managers prioritize effectiveness in order to deliver the right outcomes efficiently.
  • 💦 The path to effectiveness involves being efficient and productive, but with a purpose and focus on valuable work.
  • ⌛ Striving for effectiveness means avoiding wasting time on insignificant tasks.
  • 📽️ Powerhouse, a book on project management, emphasizes both efficiency and effectiveness.

Questions & Answers

Q: How can productivity be defined?

Productivity is the measure of how much you accomplish and the ability to get things done efficiently. It is like a work rate, where the more you achieve, the more productive you are.

Q: Is efficiency the same as productivity?

Efficiency and productivity are related but distinct. Efficiency is about organizing and being competent in getting things done, while productivity revolves around actually achieving tasks.

Q: What is the ultimate goal beyond productivity?

The ultimate goal is effectiveness, which means delivering the right results and focusing on what truly matters. It involves being efficient and productive, but with a purpose.

Q: How does effectiveness differ from productivity?

Effectiveness goes beyond just completing tasks efficiently. It emphasizes delivering valuable outcomes, avoiding wasting time on insignificant work, and being focused on what truly matters.

Summary & Key Takeaways

  • Productivity is the ability to accomplish tasks and create things efficiently, measuring work rate and output.

  • Efficiency is about minimum time and resource usage, while productivity emphasizes getting things done.

  • However, effectiveness surpasses both, focusing on delivering the right results and not wasting time on futile work.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Online PM Courses - Mike Clayton 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: