In crafting up the final touches on Apricot's First Principles of Change (coming soon 👀) I revisited the most consistent guidance I give to leaders and their teams: know what the Planning Fallacy is and actively outsmart it.
The Planning Fallacy is a cognitive bias where individuals underestimate the cost, time, and risks involved in a project while simultaneously overestimating their own previous experience and capabilities.
It's important to grasp the duality of this; we underestimate tangibles and "knowns" (cost, time and risks)...yet we overestimate the intangibles of 'experience' and capability. Take a quick moment to reflect, on how much of organisational life is skewed towards a trust in experience - sometimes for very good reason, but not without consequence.
And the real shocker: if you give highly experienced leaders, new information which challenges their original planning estimates...they tend to be reluctant to change it! 😧
Reasons why this happens and some high-level guidance on mitigating the Planning Fallacy in the full article, but working through the unique cultural nuances and particular 'friction points' within organisations is the kind of work we love ❤️
#change #projectmanagement #organisationaldevelopment