Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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?

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_2

Step: 3

blur-text-image_3

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

Principles Of Fraud Examination

Authors: Joseph T Wells

3rd Edition

0470646292, 978-0470646298

More Books

Students also viewed these General Management questions

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago