Risk Topics

the planning fallacy


Today, while pursuing one of my hobbies, I discovered something called the planning fallacy. I found it fascinating; I've often warned about this sort of error, I didn't know that it had a name. Yes, I'm the kind of nerd that stops what he's doing to think about project risk*. One of the most interesting findings was the term "authorization imperative", where someone with a vested interest in getting project approval is tasked with estimating the difficulty of and volume of the work involved.

*Hey, I'm every kind of nerd; the hobby was editing my version of Dungeons and Dragons, something I've been working on to expose my kid to things like, well, planning.

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