Cognitive Bias Identification Team ExerciseProvide four examples of how cognitive bias has the potential to interferewith objective performance in a project management environment.PM Activity That Was or Could BeSubject to Cognitive BiasPossible Cognitive BiasEstimation of a task duration in which a Availability heuristic recency biasteam member claims to obtain anaccurate estimate by asking someonethey met in the parking lot last nightHow This Cognitive Bias Might BeAvoided or MinimizedObtain additional estimates byconsulting a variety of sources withvetted backgrounds.

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Answered: Provide four examples of how cognitive…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Provide four examples of how cognitive bias has the potential to interfere with objective performance in a project management environment. PM Activity That Was or Could Be Subject to Cognitive Bias Possible Cognitive Bias How This Cognitive Bias Might Be Avoided or Minimized