reference class forecasting

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf forecasting method
gptkbp:appliesTo cost estimation
demand forecasting
project duration estimation
gptkbp:contrastsWith inside view forecasting
gptkbp:developedBy Bent Flyvbjerg
gptkbp:endorsedBy gptkb:American_Planning_Association
https://www.w3.org/2000/01/rdf-schema#label reference class forecasting
gptkbp:method uses data from similar past projects
gptkbp:originatedIn early 2000s
gptkbp:purpose improve accuracy of forecasts
reduce optimism bias
gptkbp:relatedTo gptkb:planning_fallacy
Kahneman and Tversky's work
gptkbp:usedIn project management
decision making
gptkbp:bfsParent gptkb:planning_fallacy
gptkbp:bfsLayer 7