Perfection being the enemy of good is a concept that reaches back to the 1700s. While a well-aged aphorism, this idea still applies to many facets of business, including Agile principles and cost transparency.
When striving for perfection, we often miss immediate wins, lose to competing plans, skip past current issues, or completely miss moving targets. The idea of shooting for “good enough” supports Agile principles and allows you to realize immediate outcomes. Immediate outcomes give you the data needed to plan the best next steps.
Many with an IT or product development background are familiar with the concept of creating parameters for a Minimal Viable Product (MVP). On the other hand, those with an accounting or financial background may be more used to striving for complete accuracy working with complete data sets. For some, working with shorter iterations or incomplete data sets may seem counterintuitive to the point of planning paralysis. This is a form of business “anxiety” or overthinking that may halt or delay productivity.