ABSTRACT

This chapter explores how certain features of our memory can affect project management and how we can improve our memory and hopefully improve our project management. A lot of the mental mistakes we are prone to in project management are related to memory. We believe that one of the fundamental reasons behind this construction mistake, as well as many others, was memory errors. Engineers and project managers often do not remember to analyze certain risks or forget to perform necessary analysis. But memory error was one of original issues leading to other biases; therefore, it is so important to understand and mitigate memory errors. In project management most memory mistakes are related to risk identification, because certain risks or their potential impacts are easy to forget. The quality and substance of the memory depends on several factors, including the situation, environment, and other experiences that occurred during the time when the memory was formed.