There is a mathematical formula which stipulates that it is possible to predict how much time it will take from start to finish to deliver a product, based on the production rate and how much simultaneous Work-In-Progress (WIP) exist in the system. The formula is named after an MIT professor named John Little, and it...Read More

Humans have a general cognitive bias to be overly optimistic when they have low ability or experience with completing a task, and overly pessimistic when they have high ability or experience with completing a task. This phenomenon is known as the Dunning-Kruger effect, and it was named after the psychologists David Dunning and Justin Kruger,...Read More