The Planning Fallacy

C1 16+

Pronunciation: /ðə ˈplænɪŋ fæləsi/

Definitions of the planning fallacy

noun a word that represents a person, place, thing, or idea

Example Sentences

A1 The planning fallacy is when people underestimate how long a task will take.

A2 Students often fall victim to the planning fallacy when they think they can finish a project in one night.

B1 Understanding the planning fallacy can help individuals better manage their time and deadlines.

B2 Project managers need to be aware of the planning fallacy in order to create realistic timelines for their teams.

C1 The planning fallacy is a common cognitive bias that can lead to delays and cost overruns in large-scale projects.

C2 Experts in project management use various techniques to mitigate the effects of the planning fallacy and improve project outcomes.

Examples of the planning fallacy in a Sentence

formal The planning fallacy refers to the tendency for individuals to underestimate the time, costs, and risks involved in completing a project.

informal We fell victim to the planning fallacy and ended up way behind schedule on the construction project.

slang Don't let the planning fallacy get you - always add extra time and resources to your estimates.

figurative The planning fallacy is like wearing rose-colored glasses when it comes to project timelines.

Grammatical Forms of the planning fallacy

past tense

planned

plural

planning fallacies

comparative

more planning fallacious

superlative

most planning fallacious

present tense

plan

future tense

will plan

perfect tense

have planned

continuous tense

is planning

singular

planning fallacy

positive degree

planning fallacy

infinitive

to plan

gerund

planning

participle

planned

Origin and Evolution of the planning fallacy

First Known Use: 1979 year
Language of Origin: English
Story behind the word: The term 'the planning fallacy' was coined by psychologists Daniel Kahneman and Amos Tversky in their research on cognitive biases.
Evolution of the word: The term 'the planning fallacy' has become widely used in the field of psychology and project management to describe the tendency for individuals to underestimate the time, costs, and risks involved in completing a task or project.