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Journal article

The uniqueness trap

Abstract:
Project managers and planners are highly prone to believing that their projects are one of a kind—partly because those that seem new and distinctive are more likely to win support. But research on 1,300-plus projects reveals that few, if any, actually are unique. The problem is, the perception of uniqueness causes managers to think there’s nothing to learn from other projects, which leads them to underestimate risk, make poor decisions, and blow through budgets and schedules.
The cure is to always assume that someone, somewhere has undertaken a project like yours. If you can’t find an analogue, break your project into components, which may prove comparable with other projects. Then use forecasting and other risk assessment tools to avoid biases that undermine good choices.
Publication status:
Published
Peer review status:
Reviewed (other)

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Publication website:
https://hbr.org/2025/03/the-uniqueness-trap

Authors

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Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
More by this author
Institution:
University of Oxford
Division:
MPLS
Department:
Statistics
Role:
Author
More by this author
Institution:
University of Oxford
Division:
MPLS
Department:
Statistics
Role:
Author


Publisher:
Harvard Business School Publishing
Journal:
Harvard Business Review More from this journal
Volume:
103
Issue:
2
Pages:
118-125
Publication date:
2025-02-11
Acceptance date:
2025-02-09
ISSN:
0017-8012


Language:
English
Pubs id:
2085280
Local pid:
pubs:2085280
Deposit date:
2025-02-12
ARK identifier:

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