Project Management Answers

Which type of bias is an overestimation of the number of people who will agree with an idea or design?

May 14, 2024

Q: Which type of bias is an overestimation of the number of people who will agree with an idea or design?

or

Q: Which kind of bias involves overestimating the proportion of individuals who would support a concept or design?

  • False consensus bias
  • Primacy bias
  • Sunk cost fallacy
  • Confirmation bias

Explanation: That would be an example of the fallacy of false consensus. It occurs when individuals exaggerate the degree to which other people share their thoughts or agree with their ideas. It’s the same as presuming that everyone loves felines just as much as you do!

Related Posts

Suppose as a project manager, you’re running a kick-off meeting. You accurately define what work is and is not included in the project. What agenda item does this represent?

January 18, 2024

This question refers to the spreadsheet that we used in our lectures to analyze a New Product Venture. This spreadsheet is titled MODULE 4 – NEW PRODUCT VENTURE – BASE CASE.xls Suppose the tax rate that the New Product Venture will face changed to 0%. How should we expect the numbers in the spreadsheet to change? (there could be more than one). Note: You don’t have to do any re-calculations with the spreadsheet to answer this, but you can recalculate if you like.

October 24, 2024

This question refers to the spreadsheet that we used in our lectures to analyze a New Product Venture. This spreadsheet is titled MODULE 4 – NEW PRODUCT VENTURE – BASE CASE.xls Make sure everything in the spreadsheet is re-set to the initial set of assumptions in the spreadsheet. You can verify that everything is correctly reset by making sure the NPV = $26,624 and the IRR = 11.5%. If we changed the tax rate to 0%, what is the NPV of the cash flows now?

October 24, 2024

Leave a Reply

Your email address will not be published. Required fields are marked *