Expectation versus Reality: Reducing the Estimation Gap

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.

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Hrishikesh Karekar

Hrishikesh is an enterprise agile coach with interests in varied disciplines. Frequently writing on Agile and Lean related topics, he also occasionally ventures into other stuff like Artificial Intelligence as well..