Lesson overview

This lesson explores the reasons why major projects are delivered over budget and late. It explains the concepts of optimism bias, strategic misinterpretation and selection bias.

Successful completion of the lesson will help you to:

• understand the term optimism bias and strategic misinterpretation and be able to explain this in everyday terms

• identify measures to mitigate the effects of the optimism bias and strategic misinterpretation

• understand the term selection bias, and its impact on project performance.