article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Project Budget Example: How to Create an Accurate Project Budget for Junior Project Managers

PM Basics

Projeudget Template includes planned expenses for all project activities, including wages, materials, fees, risk reserves, etc. Do you need a senior Android software engineer? Risk Management is a part of the project Cost Baseline! Step 6: Perform Risk Management Activities. Risk Reserves.

Budget 82
article thumbnail

Webinar Recap: Project Performance Measurement – Part 2: What to Measure and How to Report

MPUG

We are a project management consulting company in the Baltimore Washington area. Background myself, I’ve been doing project program, PMO management for going on, I guess, 30 years now. By education and training, I’m actually a software developer. And in project management terminology, we must set the baseline.