Mental Model Posts ‘Inversion’

Finding Angels in the Details: The Value of Information

InformationLayers

Photo by Stuck in Customs

Many of the most powerful inventions throughout human history, from language to the modern computer, were those that enabled people to better generate, capture, and consume data and information.  And at no time in our history have we captured more data than we do today.  McKinsey estimates that global data is growing at a rate of 40% per year.  The more data captured, the more opportunity for enhanced decision-making.  But in order for that to happen, data must be turned into information, and information must be turned into knowledge.  Read More »

How to Meet a Deadline: Mental Models Every Project Manager Should Know

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Photo by Stuck in Customs

In order to get things done, we often use deadlines.  This is especially the case when managing projects.  Deadlines are often created, but rarely met.  There are a lot of reasons for this, but a good portion of it can be explained by Cognitive Misjudgment.  A combination of the Over-Optimism Tendency and the Excessive Self-Regard Tendency are generally to blame when we aren’t able to meet our deadlines.  The Over-Optimism Tendency explains why we often overestimate our ability to get things done – an excess of optimism is the normal human condition – and this tends to lull us into a false sense of comfort despite an impending deadline.  Most people call this procrastination.  The Excessive Self-Regard Tendency explains why we often don’t provide for enough time to realistically meet a deadline in the first place – we constantly mis-appraise our abilities on the high side.

But there are certain ways to combat these cognitive misjudgments, and the first is following what is generally considered the standard formula for carrying out any project.  Deadlines become a whole lot easier if this formula is followed.  Read More »