Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N.B: Please i need an original interpretation of this question. I was able to see the answers online. but i want a real human interpretation.

N.B: Please i need an original interpretation of this question. I was able to see the answers online. but i want a real human interpretation. thanks in advance

QUESTION:

Read the articlefull-text The Art of Creating Accurate Estimates (http://alistapart.com/column/creating-accurate-estimates) and discuss the following topics:

1. The author suggests that project estimations are frequently biased by optimism and pessimism. He argues that optimism on estimates usually appear when a lack of experience leads us to ignore unknowns and underestimate tasks. On the contrary, negative previous experiences drive us to overestimate schedules. Given what you read, as well as your own experiences, in your opinion, what is worse: over or underestimating? Is there a way to combat the tendency to do these things based on our past, negative experiences or our need to be optimistic about the outcome?

2. Among the author's proposed approaches to mitigate estimations inaccuracies, which one you consider the most effective? Ineffective? Explain why.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Strategic Management

Authors: J. Hunger, Thomas Wheelen

5th Edition

0136006698, 9788120348615

More Books

Students also viewed these General Management questions

Question

Is it eyewitness or hearsay evidence?

Answered: 1 week ago