10 September 2012

The Underestimation Double-Whammy

The main thing we're trying to fix with Probability Management for projects is that conventional tools and techniques give us wrong estimates, and the errors are all one-sided; they consistently underestimate project cost and duration.

Underestimating resources makes it more likely that a project will be approved, and makes it more likely that it will fail. That's a double-whammy that results in more failed projects.

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