Getting Under the Hood of the PMBOK® Guide - Seventh Edition Part 8: Using Critical Thinking to Avoid Flawed Decisions

  Using PMI Standards  

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Overview

The world is changing rapidly – driven by global economic, political, demographic and technological trends. Adapting to change requires a constant assessment and adaptation through critical thinking and decision making. As project practitioners make decisions on their projects, they need to be aware of inherent biases and fallacies that can lead to less-the-optimal decisions. Among these, to name a few, are framing effect, anchoring bias, and correlation versus causation confusion. This session explores examples of these decision fallacies and more, and shows how the PMBOK® Guide – Seventh Edition can be useful in re-thinking the decision-making process.

Learning Objectives

The world is changing rapidly – driven by global economic, political, demographic and technological trends. Adapting to change requires a constant assessment and adaptation through critical thinking and decision making. As project practitioners make decisions on their projects, they need to be aware of inherent biases and fallacies that can lead to less-the-optimal decisions. Among these, to name a few, are framing effect, anchoring bias, and correlation versus causation confusion. This session explores examples of these decision fallacies and more, and shows how the PMBOK® Guide – Seventh Edition can be useful in re-thinking the decision-making process.

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Talent Triangle Alignment

This video qualifies for the following PDUs:

PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC PMI-CP PMI-PMOCP PMI-CPMAI Ways of Working 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Power Skills 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Business Acumen 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00 Total 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00

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Acknowledgements: Abhishek Mailoorkar, Rohit Khatri, Ashish Shetty, Kishor Chavan, Derrick May and Heather McLarnon, CSPO