Ny DPR Decision Sheet
Ny DPR Decision Sheet
-Mathiyarasu. N
(2228333)
● Optimistic bias
● Rely only on the inside view
● Late project delivery
● Exceeding the proposed budget
Criteria:
● Time efficient.
● High Scope.
Alternatives:
● To forecast project timescales in the future, use data from
completed projects.
● Utilize statistical information
● Tendency to see the worst in situations or anticipate the worst.
● Having another independent third party review the plans
● Educating the team about the planning fallacy
Analysis of Alternatives:
● By analysing historical data, we can make better decisions.
Since this strategy makes it simple to find the problems. This
approach can also help us undo our previous mistakes and make
wiser decisions.
● The two most prevalent positive fallacies, wishful thinking and
overconfidence, will suffer if one is pessimistic.
● The participation, openness, and suggestions of unbiased
individuals will be beneficial to comprehend the project
management's shortcomings.
Recommendation:
I believe that using historical facts to inform future judgments can
help people avoid the planning fallacy.