Optimism bias, also known as unrealistic or comparative bias, leads a person to believe that when faced with risk that s/he will achieve a better outcome with a less negative effect than others. Project optimism bias leads a team to believe that they will achieve the project goals within a pre-determined schedule and budget due to their higher performance capability even if the project cannot be completed within given constraints.
Learn more new product development and project management definitions at the NPD Glossary.
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