Analysis paralysis: Difference between revisions

Latest revision as of 13:59, 20 February 2024

Project management - behavioural skills - self management and accountability - working effectively with others.

Analysis paralysis is excessively detailed or time-consuming review of decisions, including minor decisions.

Analysis paralysis usually involves being too fearful about the potential disadvantages of a course of action.

It can result in substantial lost opportunity costs.

Cures for analysis paralysis include:

Recognising that delay and inaction are also choices, which can carry a significant cost, especially in lost opportunities.
Appropriately identifying which major projects and decisions truly warrant very detailed review, and making quicker decisions about other minor projects.
A culture of taking swift remedial action as projects evolve and opportunities to improve are identified.
Heuristics.

@@ Line 1: / Line 1: @@
-Excessively detailed or time-consuming review of decisions, including minor decisions.
+''Project management - behavioural skills - self management and accountability - working effectively with others.''
+Analysis paralysis is excessively detailed or time-consuming review of decisions, including minor decisions.
 Analysis paralysis usually involves being too fearful about the potential disadvantages of a course of action.
+It can result in substantial lost opportunity costs.
@@ Line 12: / Line 17: @@
 ==See also==
+*[[Behavioural skills]]
+*[[Confidence]]
+*[[Dunning-Kruger effect]]
 *[[Heuristic]]
+*[[Liquidity]]
+*[[Opportunity cost]]
 *[[Project analysis]]
+*[[Project management]]
+*[[Reckless prudence]]
 *[[Regret risk]]
+*[[Self management and accountability]]
+*[[Working effectively with others]]
+*[[Zero-sum game]]
+[[Category:Identify_and_assess_risks]]
+[[Category:Manage_risks]]