We all underestimate how long projects and tasks will take us to finish, and by extension how much they will cost. Whether at work, at school or at home, what’s called the “planning fallacy” manifests itself in our inability to gauge the amount of time needed to get things done.
The impact of the planning fallacy can be significant and it can result in a large loss of funds in the long-term. So, if you find your timelines and budgets are chronically underestimated, and you’re consistently overspending, what can you do? Read this whitepaper to find out.