Two linked articles on the free ‘Project Manager’ website discuss the reasons so many bad decisions are made about continuing or stopping projects and other business endeavors.
– Avoiding sunk cost syndrome on your project.
We will be taking both of these concepts forward in a few weeks.
Every decision is influenced by a range of preferences and biases. I touched on this subject last month in my ‘Voices on Project Management’ post for PMI (see the post) but the effect extends to every cost and time estimate, the way every communication is received and understood and every decision.
As part of our work to upgrade Mosaic’s PMP materials (see more on the updated course) to align with the new PMP Role Delineation Study, we have developed a White Paper focused on the causes of bias including our innate cognitive biases, learned biases and emotional affective factors.
It is impossible to remove many of these biases; but being aware of them allows their effects to be mitigated, too read more: Download the White Paper.
Posted in Communication, Scheduling, Stakeholder Management
Tagged Bias, Cognitive biases, Communication, Complex Decision Making, Complex Decisions, Decision Making, PMI Credentials, PMP, Project, Project Governance, Project Management, Project Management Training, Scheduling, Stakeholder Management
Pat Weaver
Lynda Bourne
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