Analysis paralysis: Difference between revisions
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imported>Doug Williamson (Add link.) |
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==See also== | ==See also== | ||
*[[Behavioural skills]] | *[[Behavioural skills]] | ||
*[[Confidence]] | |||
*[[Dunning-Kruger effect]] | |||
*[[Heuristic]] | *[[Heuristic]] | ||
*[[Liquidity]] | *[[Liquidity]] | ||
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*[[Zero-sum game]] | *[[Zero-sum game]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_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:
- 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.
