Think about the last task you completed. Did it take you around the time you’d estimated? Probably not.
Our perceptions of our available time, our abilities, and any roadblocks we may hit are greatly skewed. This is a phenomenon called the planning fallacy and it happens to professionals at all levels and in every occupation. What can we do along the way to keep us on target and help us meet our goals?
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How to set achievable goals
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The Planning Fallacy is a prediction error that one repeatedly makes, misestimating the time it takes to complete a certain task.
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The term 'planning fallacy' was coined in 1977 and deals with how most of us are terrible at estimating how long a project will take. We are overly optimistic but terrible at predicting the future. If the project has a budget, we may underestimate that expense to...
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