Managing and Eliminating Estimation Bias

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I have been studying the art and science of estimating for many decades now.  Some of the observations I have made include:

1. Most people don’t like to estimate
2. Most people don’t know how to estimate
3. Those that estimate are almost always wildly optimistic
4. Viable estimates can make projects successful, outsourcing more cost effective, and help businesses make the most informed decisions

That is why models like SEER are essential to organizations, providing the tempering with that outside view of reality that is recommended by Daniel Kahneman.  Dr. Kehnaman received a Nobel prize for his work in estimation bias and strategic mis-estimation.   This briefing covering estimation bias reviews some of the work of Dr. Kehnaman and others in helping stomp out bad estimates.  I believe this is scheduled to be a webinar in the near future.  Stand by.  Here is the presentation: Managing and Reducing Estimation Bias and Strategic Estimation

Thank you for reading “Dan on Estimating”, if you would like more information about Galorath’s estimation models, please visit our contact page, call us at +1 310 414-3222 or click a button below to ask sales questions, sign up for our free library or schedule a demo.

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