Behavioral Project Planning
We believe that skilled planners have the capability to change the world!
Ever wonder why after investing in all these project tools, the outcome doesn't seem to change much? So did we.
The answer, it turns out, is very simple: you can improve the tools, but if you don't give your planners the thinking skills, the outcome remains the same.
Decades of research helps answer the question of what about 70 percent of the planning problem is.
Fixing the problem is the next step.
Increasing the Accuracy of Prediction
Forecasting is NOT just guesswork, with only a 50/50 chance of success
Dr. Tetlock, an expert in prediction, and researcher for the U.S. government Intelligence Community, found the following regarding prediction accuracy:
Forecasters with no training: 36% more accurate than random guesses
Forecasters with training: 41% more accurate than random guesses
Forecasters with training in teams: 44% more accurate than random guesses
Elite forecasting teams: 66% more accurate than random guesses
The best forecasters have been shown to increase their accuracy by an average of 83%, and that success is attributed to how forecasters think
On-Time, On-Budget, Isn't Just About Execution
Does Your Organization...
Measure Forecast Accuracy?
Did you know that if your organization is using earned value, you could have the capability to measure accuracy, and make corrective measures to improve planning?
Have an Established Planning Protocol?
Did you know that many organizations do not plan according to best technical practices, much less are aware of the human factors that impact accuracy?
Plan in Groups?
Did you know that there are certain group factors that can be derailing the effectiveness of your plan, compromising your ability to meet deliverables?
Train All People Who Input Estimates?
Did you know that every person that provides a schedule duration or resource quantity without awareness of bias may be compromising your project plan?
Value Planning as Much as Execution?
Many organizations focus on execution, but may forget that the balance of a good plan and good execution are what ensures an on-time, on-budget deliverable.
Planning, when time and cost estimation accuracy is of utmost importance
Mitigate planning biases by raising awareness of planning blind-spots
Uncover real risk
Quantify risk & include in estimate
Incorporate unbiased risk
Apply de-biased estimations
Increase Plan Accuracy
Higher probability of meeting project milestones
Take your career to the next level and become a master of planning