What is a strategy to overcome the planning fallacy?
Understand the Problem
The question is asking for a method or approach to avoid the planning fallacy, which is a cognitive bias that causes individuals to underestimate the time, costs, and risks of future actions and overestimate the benefits. The answer will likely involve techniques for better planning and forecasting in project management.
Answer
Track time, use project management and workforce analytics tools, and scope out tasks
Track time, use project management and workforce analytics tools, and scope out tasks thoroughly
Answer for screen readers
Track time, use project management and workforce analytics tools, and scope out tasks thoroughly
More Information
The planning fallacy is a cognitive bias where people underestimate the time, costs, and risks of future actions. Techniques such as time tracking and task scoping help in making more realistic plans.
Tips
Avoid relying solely on intuition and take into account historical data and outside input during planning.
Sources
- Planning fallacy - The Decision Lab - thedecisionlab.com
- Overcoming planning fallacy and its negative effects - Clockify - clockify.me
