One thing I’ve found in the business world, especially in Information Technology is that your work and performance is judged more by formalities, image and politics than your actual delivery or production.
To succeed in this industry, your number one priority needs to be the politics game, formalities such as status reports, time reporting, etc. While these tasks can be time consuming when added all up, sometimes the only way to get actual productive work done is to delegate or work lots of overtime. (Or a healthy balance of both).
So I think that my conclusion is that you always need to find the time to deal with the overhead of the politics and formalities no matter how well or badly things are going. If you can always stay on top of this, you will be better off in the long run.