Which is better – Effective or Efficient?

Working out on a treadmill generates sweat and does provide a cardiovascular workout. 
But, What if your goal was to go from Point A to Point B? 
There is activity. 
But you do not achieve your goal. 

Our goal is to go from Point A to Point B as fast as possible.
Running faster from Point A to Point B is more productive than running slower. 
You are not more productive if you stop to go shopping, eat, or do email. 

A project’s throughput is only achieved when it is complete. 
Company’s capacity decides how the company can sequence tasks to achieve throughput. 

Speed of execution of the right tasks. Accomplished with the correct content and quality. 
Drives speed of execution of each project and our capacity for the work. 

View Productivity from the task perspective. 

Is a project more or less productive?
It is wrong to look at the percent load on the various resources versus their availability.

The organization would only be measuring how active their resources were rather than how productive they were. 

What is the speed to do the task?
Are we driving the productivity of tasks? 
Are the metrics driving productivity or do they actually drive in waste? 

In some organizations, some key metrics are items such as:
– hours charged out per person, 
– resource use, and 
– earned hours. 

These metrics have little or no relationship to whether the hours worked were on the right tasks.