Published
7th July 2022Knowledge Type
Research PaperOrganisation
, Said Business School , Oxford Global ProjectsHeuristics for Masterbuilders: Fast and Frugal Ways to Become a Better Project Leader
Summary
Heuristics are fast and frugal rules of thumb, used to simplify complex decisions. First, Professor Bent Flyvbjerg identifies two schools of thought in heuristics scholarship, one of positive and one of negative heuristics. Second, he explains why heuristics work, based on Occam’s razor. Third, he outlines five steps for teasing out project leaders’ tacit heuristics, illustrating each step with real-life examples. The five steps emphasize the role of Aristotelian phronesis in developing effective heuristics. Fourth, the author offers examples of project leaders who have deliberated about their heuristics and made them explicit. Finally, Professor Flyvbjerg presents his own heuristics to illustrate in detail how heuristics can work in practice to improve project leadership. Readers are encouraged to develop and improve their own heuristics, and guidance is given for how to do this.
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