Planning optimistic bias

Success Problem

Why most projects overrun the planned time and cost?

Impact

Problems with project closure with and discontented client.

Recommendation

The reason is in typical human behaviour to underrate the estimates of time, costs and project assumptions, needed for some activity. The people think about how they will realize some activity in the future disregarding the past lessons learned. The people fear the project nonapprobation. The planning optimistic bias is subject also to external factors: the project planners are also project procurors pressed to money saving solutions contrary to the requirements for the benefits from the resulting product. The planning optimistic bias risk can be reduced first of all through early and frequent informations exchange between the planners and procurors and by consistent usage of the lessons learned from past projects.

Category

• Schedule & Time