It states that we are overly optimistic about what we can hypothetically get done in a given day. So we overschedule and create further time debt.
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Similar ideas to The Planning Fallacy
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...
When you start to schedule your tasks, you may be too optimistic about how much you can get done. You may take on too much work or get stressed when tasks take longer than you expected.
To counteract the Planning Fallacy:
The workplace is a competitive zone, and enthusiastic workers take an unfair lead even though their plans are unrealistic and overly optimistic.
You don’t need to succumb to the pressure, once you understand how the planning fallacy works. The outcome will provide clarity to all.
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