How Big Things Get Done: The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration

by Professor Bent Flyvbjerg

In psychology, the process Caro used to create his forecast is known as “anchoring and adjustment.”6 Your estimate starts with some fixed point, twelve chapters of three weeks each in Caro’s case. That’s the “anchor.” Then you slide the figure up or down as seems reasonable, to one year for Caro. That’s “adjustment.”