Project management is all about decision-making, whether it is in the decision about how to define or limit the project scope, to define its foundation, how to schedule it, how to budget its activities, how to change it, and also if we have .. to stop or continue it. So it is logical that the research investigating the process of human thinking, and how human cognition works in relation to decision-making, has a relevance to project management and to how the latter should be organised.
A cognitive bias is a subconscious error in thinking that leads to misinterpreting information from the world around and affects the rationality and accuracy of decisions and judgments. Biases are unconscious and automatic processes designed to make decision-making quicker and more efficient.
I read with interest the book by Daniel Kahneman on the subject of cognitive biases. I have since spent some time reading additional material covering this subject and tried to contextualise cognitive biases into the practices of project management. I guess it was ultimately to check … how biassed I was!
On this blog I wrote a short article about my understanding and my findings. But, why this title?? Well…. you have to read the article to understand. Happy reading!
Marco Bottacini, Senior Portfolio Manager at GALVmed
The views and opinions expressed in this blog are those of the author and do not necessarily reflect the views and opinion of GALVmed.
Project Management Discussion Group 