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23.The Outside View - Coggle Diagram
23.The Outside View
Key Takeaways 📚
Avoid Over-Optimism:
- Recognize that initial estimations are often too optimistic and fail to account for all risks.
Gather Reliable Data:
- Use data from similar, successful projects to get a more accurate estimation.
Factor in Uncertainties:
- Account for both predictable and unpredictable factors to make more informed decisions.
Refine Estimates:
- Continuously refine initial estimates with new insights and project-specific considerations.
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