Abstract shadowed mirrored surfaces and subtly misaligned flowing patterns, rendered in deep muted grays, soft blues, and faded golds, symbolizing the hidden risks and dangers of confirmation bias when clinging to familiar but flawed assumptions in project management.
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The Devil You Know: The Danger of Confirmation Bias in Project Management

In the world of project management, the impact of confirmation bias cannot be underestimated. It’s a danger that has proven its destructive power time and again. Take, for example, the cautionary tale of Theranos, a once-celebrated biotech startup poised to revolutionize blood testing. But lurking beneath the surface of its apparent success was a devil that everyone knows too well: confirmation bias. This insidious bias clouded the judgment of executives and investors, blinding them to dissenting voices and contradictory evidence. The result? A catastrophic fallout marked by legal battles, financial losses, and irreparably damaged reputations. The Theranos scandal is a stark reminder of the perils of confirmation bias and its potential to wreak havoc on even the most promising projects.

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Low Expectations: The Key to Successful Project Management

Do you want to know the secret to a happy life? According to Charlie Munger, it’s low expectations. In a world full of failures and disappointment, this approach makes sense. But when it comes to project management, the stakes are high, and the pressure can be overwhelming. From unrealistic deadlines, lack of clear goals, limited resources, relentless scope creep, and long working hours, it’s no wonder so many projects fall short of their objectives. However, what if I told you that low expectations could be the key to project success? By managing expectations carefully, you can avoid disappointment and achieve great results.

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