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[comic] The Planning Fallacy: Why We're Terrible at Setting Realistic Deadlines

blog.doist.com · 716 words · saved by 1 readers

Our tendency to underestimate the time it will take to complete a future task despite knowing that similar tasks have taken longer in the past.

Jump to section What you can do about it: The next time your boss asks why you missed a deadline, blame it on your brain. The Planning Fallacy refers to our tendency to underestimate the time it will take to complete a future task despite knowing that similar tasks have taken longer in the past. Contractors underestimate how much time renovations will take. Writers underestimate the amount of time they’ll need to complete a novel. Product managers underestimate how long a new feature will take to build. Elon Musk misses Tesla production timeline after Tesla production timeline. (When asked abo

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