Underestimating the time and cost necessary to complete a project best demonstrates
A) divergent thinking.
B) the framing effect.
C) the availability heuristic.
D) the planning fallacy.

Question

Quizplus · Accepted Answer

The planning fallacy is the tendency to underestimate the time and cost required to complete a project, leading to delays and budget overruns. This is a common bias in human thinking, which can be addressed by using data and past experience to make more accurate predictions.

Underestimating the Time and Cost Necessary to Complete a Project