If it doesn't add value, it's waste.
Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another.
Time waste differs from material waste in that there can be no salvage. The easiest of all wastes and the hardest to correct is the waste of time, because wasted time does not litter the floor like wasted material.
Time waste differs from material waste in that there can be no salvage.