Bounded Rationality - a Personal Case Study Reflection Essay
On reflection of this decision it is now clear to me that more time should have been spent researching product availability and assessing alternative suppliers and their capacity to support such a project. In future to ensure all alternatives have been thoroughly investigated more time should be assigned for the planning stage where all possible alternatives could be identified; following this, the procedure Janis and Mann (1977) define as vigilant analysis could be used to ensure a thorough consideration of each alternative is achieved. This procedure uses a balance sheet approach to ensure a systematic evaluation of each alternative is being achieved with alternatives ranked from most desirable to least desirable.
3.2 Thinking traps and biases At the time of making the decision my behaviour was heavily influenced by my personal motivation to succeed and prove myself as a capable Project Manager. I had recently been appointed into this role and I was not only responsible for the implementation of the system but the overall incorporation of engineering, procurement and production activities along with the management of internal and external
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