Analysis paralysis: Difference between revisions

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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.  
''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:
Cures for analysis paralysis include:
#Recognising that delay and inaction are also choices, which can carry a significant cost, especially in lost opportunities.  
#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 warrant such detailed review, and making quicker decisions about other minor projects.  
#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.  
#A culture of taking swift remedial action as projects evolve and opportunities to improve are identified.  
#Heuristics.




===See also===
==See also==
*[[Behavioural skills]]
*[[Confidence]]
*[[Dunning-Kruger effect]]
*[[Heuristic]]
*[[Liquidity]]
*[[Opportunity cost]]
*[[Project analysis]]
*[[Project analysis]]
*[[Project management]]
*[[Reckless prudence]]
*[[Regret risk]]
*[[Regret risk]]
*[[Self management and accountability]]
*[[Working effectively with others]]
*[[Zero-sum game]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

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:

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


See also