Kahneman - Two Thinking Systems

Every day we make decisions from the simple ones as to put on pants or not, to take more complex decisions where large consequences are at stake, such as (when you need) to choose the right material within budget to build a bridge where road users shall be able to cross the river safely. The two types of decisions have different time duration for consideration, where the first decision is rather automated the second one demands more time to investigate the alternatives in order to make the most satisfactorily choice regarding the safety of the road users.

The many years of research performed by noble prize winner of economics, Daniel Kahneman and Amos Tversky (died 1996) is distilled into a book titled; “Thinking, Fast & Slow”, which were published by Kahneman in 2011. Kahneman’s thesis has revolutionized the understanding of the human behavior and highlights our cognitive biases and thereby shows the brilliance and the limitations of the human mind. Kahneman discovered the two operating systems of our brain; system 1, which represents fast thinking and system 2, which represents slow thinking. The discovery of this dichotomy shows that the two systems of thinking will arrive at different end-results with identical input of data.

Decision-making is crucial in project, programming, and portfolio management, which makes Kahneman’s groundbreaking discovery essential to the understanding of how we as humans act. This article will focus on the two-thinking systems in relation to project management , how it effects the engine of human thinking and how we can learn to actively use the two systems most effectively when managing projects.

General

Project management as a job can be described as the way a person organizes and manage the resources, that are necessary to complete a specific project. Every project has criteria within agreed parameters that must be achieved. In order to succeed with this, a project manager must handle processes, methods, skills, knowledge, and have the correct experience to achieve those parameters on an acceptable level . In other words, a project manager is not only responsible for planning and overseeing the whole project, but also interacting with both personnel and stakeholders. The role of a project manager requires a certain skillset such as a high level of communication, the ability to share a clear vision and to motivate the colleagues to perform at their best . The project manager has responsibility for the whole “project life cycle” . The role of a project manager also requires the skills to be able to solve problems, building a team, to delegate, to make decisions and to show integrity. In other words, it requires the skill of shaping the required behavior of the people involved in the project in order to accomplish your task in the best possible way. How do they work, how do they think, how do they commit to the project? We will look at these questions and try to come up with some answers and we will look at the changing and shaping of the certain behavior amongst co-workers through focusing on Kahneman’s theory about fast and slow thinking. This theory is built on the two fictional systems; System 1 and System 2.

Annotated Bibliography

Project Management Institute, Inc. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition). Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/toc/id:kpGPMBKP02/guide-project-management/guide-project-management