Search results
Results From The WOW.Com Content Network
In psychology, rigidity, or mental rigidity, refers to an obstinate inability to yield or a refusal to appreciate another person's viewpoint or emotions and the tendency to perseverate, which is the inability to change habits and modify concepts and attitudes once developed. [1] [2]
Cognitive flexibility [note 1] is an intrinsic property of a cognitive system often associated with the mental ability to adjust its activity and content, switch between different task rules and corresponding behavioral responses, maintain multiple concepts simultaneously and shift internal attention between them. [1]
Real price rigidity can result from several factors. First, firms with market power can raise their mark-ups to offset declines in marginal cost and maintain a high price. [1]: 380 Search costs can contribute to real rigidities through "thick market externalities". A thick market has many buyers and sellers, so search costs are lower.
A useful way of planning is to break down tasks into a hierarchy, using a tree diagram. The process decision program chart (PDPC) extends the tree diagram a couple of levels to identify risks and countermeasures for the bottom level tasks. Different shaped boxes are used to highlight risks and identify possible countermeasures (often shown as ...
Planning and goal setting are important traits of an organization. It is done at all levels of the organization. Planning includes the plan, the thought process, action, and implementation. Planning gives more power over the future. Planning is deciding in advance what to do, how to do it, when to do it, and who should do it.
The planning fallacy is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias and underestimate the time needed. This phenomenon sometimes occurs regardless of the individual's knowledge that past tasks of a similar nature have taken longer to complete than generally planned.
In accordance to PMBOK a lead is "the amount of time whereby a successor activity can be advanced with respect to a predecessor activity For example, on a project to construct a new office building, the landscaping could be scheduled to start prior to the scheduled punch list completion. This would be shown as a finish-to-start with two-week lead".
In discovery-driven planning, it is assumed that plan parameters may change as new information is revealed. With conventional planning, it is considered appropriate to fund the entire project, as the expectation is that one can predict a positive outcome.