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Project Management in Behavioural Perspective – Cognitive Biases in the Formulation of the Aim of the Project

Author

Listed:
  • Kiełczewski Dariusz

    (Department of Sustainable Development, Faculty of Economics and Management, University of Bialystok, Poland)

  • Matel Anna

    (Department of Sustainable Development, Faculty of Economics and Management, University of Bialystok, Poland)

  • Poskrobko Tomasz

    (Department of Sustainable Development, Faculty of Economics and Management, University of Bialystok, Poland)

Abstract

The article contains a behavioural analysis of the aim-formulating stage of the project. The purpose of the article is to point out that in the process of formulating the aim of the project, it comes to such decision-making situations which favour heuristic thinking. The article presents the results of the secondary research. As a result of verified theory, according to which in the process of formulating the aim of the project, the interference in decision-making processes may occur on the part of the heuristics and the resulting cognitive biases.

Suggested Citation

  • Kiełczewski Dariusz & Matel Anna & Poskrobko Tomasz, 2016. "Project Management in Behavioural Perspective – Cognitive Biases in the Formulation of the Aim of the Project," Engineering Management in Production and Services, Sciendo, vol. 8(3), pages 70-78, September.
    • Handle: RePEc:vrs:ecoman:v:8:y:2016:i:3:p:70-78:n:7
    DOI: 10.1515/emj-2016-0025
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    References listed on IDEAS

    as
    1. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
    2. Chakravarthi Narasimhan & Chuan He & Eric Anderson & Lyle Brenner & Preyas Desai & Dmitri Kuksov & Paul Messinger & Sridhar Moorthy & Joseph Nunes & Yuval Rottenstreich & Richard Staelin & George Wu &, 2005. "Incorporating Behavioral Anomalies in Strategic Models," Marketing Letters, Springer, vol. 16(3), pages 361-373, December.
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