Whenever we are faced with assumptions that need to be made for our project, should we tend to assume “best case” or “worst case”?
During the proposal stages for a new project, business plan, product concept, program launch, or new event idea…we have to fill in the missing pieces (schedule, budget, outcomes, etc.) with our best estimate of the future. We have to predict things like:
- Equipment Needs
- Payroll expenses
- Printing costs
- Length of time to complete specific tasks
- Market share
- Product pricing
- Multi-year ROI
If you tend to assume “worst case”, you will always under-promise and over-deliver. That is usually a good pace to be. But most us us don’t want to paint a dark picture of the future, so we fall on the optimistic side.
If you tend to assume “best case”, then you (and everyone else) are destined for disappointment. Nothing ever happens the way our “ideal” thinking wishes that it would. Beware of over-promising and under-delivering!
Thanks for listening.
Then you will always be disappointed.