[gbuk2013]

This is very true and is exactly why there is no magic right answer other than “it depends”.

There are different stages of company lifecycle, different industries, different regulatory environments etc.

The processes put in place always have a cost - if picked appropriately it is worth paying, otherwise it is a waste that can hurt or even kills a project. This balance is the “art” of the job that I personally am only starting to probe around at my level and so it is still quite interesting. :)