The answer is "it depends."
If you are way up there in the management food chain, this might be a sign of you micromanaging things. You might be getting in the way of your front line managers and your might be missing out on doing your own job.
If you are at the bottom of the food chain, this might be a sign of you overstepping your bounds. If doing this helps you get a handle on doing your own job better, great. On the other hand, what I've seen happen too many times with this kind of behavior is people doing damage to the product as a whole and failing to achieve the tasks assigned to them.
Finally, if you are in that front line management, this is part of your job. It helps you see where the product is heading, see whether you have problems such as thrashing, and determine whether your team can meet deadlines.