The Planning Fallacy - Deepstash

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The Planning Fallacy

blog.doist.com

The planning fallacy

The planning fallacy is the likelihood to underestimate the time it will take to finish a future task despite knowing that similar projects have taken longer in the past. For example, writers underestimate how long it will take to complete a novel; product managers miscalcula...

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  • Break projects down into smaller pieces and estimate how long each part will take.
  • Add 20% to your estimated completion time. It is better to plan for the unexpected than to be surprised by it.
  • Use historical data to make better predi...

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