The benefits to be accrued from having realistic estimates of project costs and timelines cannot be overemphasized. This article explains how optimism bias and strategic misrepresentation can lead to forecasting errors. The author recommends proactive strategies that can be employed by both the buyer and the seller of project services to limit their negative impact.
Read a short summary on the PMI website
Continue reading the full article on the PMI Knowledge Base (external link @ PMI.org – Member only content for PMI subscribers )
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