You have been recently hired by Jet Engines, Inc., a large manufacturing company supplying jet engines to
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You have been recently hired by Jet Engines, Inc., a large manufacturing company supplying jet engines to the Department of Defense. The company's Chief Program and Project Manager have asked you to read Top Ten Behavioral Biases in Project Management: An Overview Download Top Ten Behavioral Biases in Project Management: An Overview in preparation for a meeting of the company's top executives.
In particular, you have been asked to choose 3 of the behavioral biases described in the article and to describe:
- How those 3 behavioral biases operate
- The potential effect of those biases on large projects such as the manufacturing jet engines for new fighter jets
- How you would go about reducing the project risks associated with these biases - e.g., contract provisions, enhanced monitoring, education programs, and incentive compensation?
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