Analysis paralysis

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

• Behavioural skills
• Heuristic
• Liquidity
• Opportunity cost
• Project analysis
• Project management
• Regret risk
• Self management and accountability
• Working effectively with others
• Zero-sum game