New white paper “Heuristics and Biases in Project Management”

December 6, 2016

New white paper “Heuristics and Biases in Project Management”

As we go about our lives, whenever we make decisions, whether they are relatively important, “what strategies or tactics should we use to reduce project cost?”, or relatively trivial, “is No-Name peanut butter really a better bargain than the brand-name version?”, we are forced to assess probabilities or essentially make bets, which is not an easy task. We often apply rules of thumb or heuristics when we make judgments about probabilities of future events. In many cases, using these rules will help us make good decisions. However, depending upon the situation,  this type of decision making can lead to faulty judgments or biases. In this paper we will focus on a few common heuristics and biases which affect project management: availability, anchoring, representativeness, and others. Please click here to read our white papers:

http://intaver.com/technology/articles-and-white-papers/