Talia,a project manager,estimates that a project will take a year to complete.She gets the estimation approved,although it increases the cost of the project.However,the project takes only 8 months to complete.In the context of self-knowledge,this scenario exemplifies the concept of ________.
A)the illusion of transparency
B)the planning fallacy
C)the dual attitude system
D)the spotlight effect

Question

Quizplus · Accepted Answer

This scenario exemplifies the planning fallacy, which is a cognitive bias that causes individuals to underestimate the time and resources required to complete a task or project. Talia's initial estimate of a year was likely influenced by factors such as overconfidence in her abilities, optimism bias, and a failure to properly consider potential obstacles and delays. While it is good that the project ended up taking less time than expected, the planning fallacy can lead to problems such as missed deadlines, cost overruns, and poor project outcomes.

Talia,a Project Manager,estimates That a Project Will Take a Year