tIME cOST WASTAGE INSTITUTE:
Time cost wastage costs a fortune, every day.
Every day, enterprise-wide, companies unknowingly waste costs by unknowingly wasting time. For example, stress, employee disengagement, conflict, meetings, emails, searching for information, errors, rework, poor usability all create time cost wastage each working day, enterprise-wide.
There are no receipts for the wasted time caused by stress or conflict inside organizations. Accounting receipts track changes in money, not time. Hence, cost wastage due to time wastage is invisible to accounting systems and escapes financial reporting.
Time Cost Analysts use standards to financially report time cost wastage, enterprise-wide, for the first time.
Time Cost Analysts Financially report the impact of time cost wastage, enterprise-wide, using a standards-based approach.
"Wasted organizational time decreases Earnings, profits, and shareholder value."
Ken Standfield, Chairman, Time Cost Analyst Institute
#1
Knowledge Time Cost Wastage
Emails, searching for information, reading, analyzing, and other one-person activities can waste substantial amounts of time and cost each day, enterprise-wide.
Time Cost Analysts financially value knowledge time cost wastage, enterprise-wide providing new ways to cut costs, boost profitability, and shareholder value.
"Time is money. Organizations that waste time destroy shareholder value."
Ken Standfield, Chairman, Time Cost Analyst Institute
#2
Collaboration Time Cost Wastage
Meetings, phone calls, coaching, training, delegation, coordination of other staff waste substantial amounts of time and cost each day, enterprise-wide.
Time Cost Analysts financially value collaboration time cost wastage, enterprise-wide providing new ways to cut costs, boost profitability, and shareholder value.
"Time Cost Wastage lowers productivity, earnings, and shareholder value."
Ken Standfield, Chairman, Time Cost Analyst Institute
#3
Process Time Cost Wastage
Processes seek to minimize organizational errors, rework, duplication, fragmentation, idle-time, stress, employee disengagement, and other productivity decreasing activities.
Despite this, process problems continue to waste substantial amounts of time and cost every working day, enterprise-wide. Worse yet, most organizations have little idea the time is lost to errors, rework, duplication, and other process issues.
Time Cost Analysts financially value process time cost wastage, enterprise-wide providing new ways to cut costs, boost profitability, and shareholder value.
"You Cannot Manage What You Cannot Measure. Time Cost Analysts Financially Estimate What Was Previously Unquantifiable."
Ken Standfield, Chairman, Time Cost Analyst Institute
#4
Stress Time Cost Wastage
Procrastination, distractions, conflict, technology problems, health issues, and other sources of stress waste substantial amounts of time and cost every working day, enterprise-wide.
Time Cost Analysts financially value stress time cost wastage, enterprise-wide providing new ways to cut costs, engage employees, and build stronger brand value.
"Time Cost Wastage Only benefits your competitors."
Ken Standfield, Chairman, Time Cost Analyst Institute
#5
Disengagement Time Cost Wastage
Staff engagement makes staff more productive, whilst staff disengagement lowers staff productivity and wastes costs. It is critical to know the financial impact of staff disengagement.
Time Cost Analysts financially value staff disengagement time cost wastage, enterprise-wide providing new ways to cut costs, boost profitability, and shareholder value.
Know Daily Time cost Wastage, enterprise-wide.
Time Costs Analysts are specialists in financially reporting time. They give you a competitive edge.
Standards Based
Time Cost Analysts apply more than 25 Standards simultaneously to provide with the most accurate financial estimations
Your financials
Based on your financials, Time Cost Analysts estimate enterprise-wide time cost wastage.
Internally Validated
Initially, Time Cost Analysts estimate time cost wastage impacts, but your people internally validate those estimates.
COVID Safe
Time Cost Analysts do everything remotely and then provide a practical report that leaders can action.
Confidential
All internal validations remain confidential and are never shared. Our analysis is for cost control so does not need to be published to the public.
Fixed Price
Foundation members get a highly affordable fixed price per analysis.
Fast
Time Cost Analysts know the value of time, so we deliver our analysis within 4 weeks of obtaining all relevant data.
Practical
Time Cost Analysts recommend where the greatest costs are and those most easily reduced.
Track Trends
Perform Time Cost Analysis anytime you wish - Annually, Half Yearly, Quarterly, or Monthly to track trends.
GETTING STARTED
Most frequent questions and answers
Yes. The Time Cost Analyst Institute invented and developed all the required new branches of finance, accounting, and leadership science and embodied these into standards to facilitate the significant value that Time Cost Analysts create for members.
Currently no other organization or management consulting practices are licensed by the Time Cost Analyst Institute to apply our techniques, trade secrets, and methodologies.
Foundation members pay 1/3rd of the price for the specialist value that Time Cost Analysts provide.
Foundation members perform at least one Time Cost Analyst analysis per year.
Foundation members get a 67% discount per engagement (relative to Standard Members).
Non-foundation members (Standard Members) pay 3x what Foundation members pay for the same analysis.
We heavily subsidize Foundation Members as there are certain commitments and obligations that Foundation Members make to the Institute and we acknowledge their commitment to us by giving a significant discount of the same high quality work that is given to all members.
A membership to the Time Cost Analyst Institute is required to have Time Cost Analyst work performed.
Normal members receive the same exceptionally high standard of work that Foundation Members receive. There is no difference in quality, deliverables, or speed.
Due to the value received, Foundation Members are committed to conducting regular Time Cost Analyst work to track time cost wastage. We give a 67% discount provided the annual membership is paid.
Foundation members agree to one Time Cost Analyst engagement in each 12 month time period.
Standard membership has no annual fee, or joining fee, but the price per engagement is 3x that of Foundation Membership.
The Time Cost Analyst Institute pioneered the development of more than 30 standards that Time Cost Analysts apply in member engagements.
Standards had to be developed because the current methods of financially estimating enterprise-wide time cost wastage (from sources such as stress, emails, meetings, errors, rework, etc) is complex, and not well understood.
The first step is to become a Standard Member or Foundation Member of the Institute by filling out the details in the form below.
A Time Cost Analyst engagement financially estimates time cost wastage from all sources within a specific organization focus for a specific time period.
A qualified Time Cost Analyst uses more than 25 Standards to collect, analyse, and report on time cost wastage for a specific organization, using their financial and other data.
Ready to get started?
Just register your interest in becoming a Time Cost Analyst Institute Member in the form below ...
Standard Membership
Pick your discount level- Standards based analysis
- Ideal for 1 engagement every few years
- Standard Membership Pricing
- No Joining Fee
- No Annual Fee
- No Annual Commitment
- Financially estimate knowledge time cost wastage enterprise wide
- Financially estimate collaboration time cost wastage enterprise wide
- Financially estimate process time cost wastage enterprise wide
- Financially estimate stress time cost wastage enterprise wide
- Financially estimate employee disengagement time cost wastage enterprise wide
- Financial estimates based on organization's actual financial performance
- COVID Safe virtual engagements
- Estimates are internally validated for accuracy and practicality
Foundation Membership
Pick your discount level- Standards based analysis
- Ideal for 1+ engagements per year
- 66% discount on standard membership pricing
- Joining Fee
- Annual Fee
- Annual Commitment
- Financially estimate knowledge time cost wastage enterprise wide
- Financially estimate collaboration time cost wastage enterprise wide
- Financially estimate process time cost wastage enterprise wide
- Financially estimate stress time cost wastage enterprise wide
- Financially estimate employee disengagement time cost wastage enterprise wide
- Financial estimates based on organization's actual financial performance
- COVID Safe virtual engagements
- Estimates are internally validated for accuracy and practicality