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Is our tendency to underestimate the amount of time it will take to complete a task. Estimation mistakes can usually be attributed to 2 key factors:
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And when your good mood is at its lowest point in the day. In that case, you may be feeling less optimistic, which could help you create more realistic estimates
When estimating any task or project, you have to take all of these things into account: There are things you know will happen, things you know could happen, and things you never once considered might happen.
Start by asking: How long do such projects usually last?
If you’re coding a new feature for your company’s app, look at how long it took your team to build and release a similar feature in the past. If you’re writing a 4,000-word blog-post, review your data showing how many hours/day...
It forces you to confront your possible optimism by asking you to identify 3 different pieces of data:
Once you have your 3 numbers, c...
While we tend to be optimistic about our own abilities to complete tasks quickly, we’re much more pragmatic when it comes to figuring out how long it will take someone else to complete a task.
Once upon a time can happen any time.
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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...
The tendency to underestimate how long tasks will take to complete.
On top of it, instead of accepting your own fault, you place the blame on outside factors such as delayed start dates or sick days.
We tend to underestimate the time it will take to complete a future task despite knowing that previous tasks have taken longer.
What you can do about it:
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