Question

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_____________.

Answer 1

Answer:

The correct answer is: the planning fallacy.

Explanation:

The planning fallacy is the paradox referring to projecting the length it will take to accomplish an objective longer than what it could take. The mistaken assumption happens because individuals tend to compare the time it will take them to reach their objectives with the time it took others to achieve the same goals.