An interesting article on how people delude themselves using spreadsheets for planning/estimating.
Spreadsheets: 25 Years in a Cell
(http://news.yahoo.com/news?tmpl=sto
Tue Mar 23, 4:24 PM ET
Peter Coffee – eWEEKIn this 25th anniversary year of the PC spreadsheet, we can be proud of the progress we've made in decision technology. We can also be appalled by the stagnation of our decision-making practices. The things we learned to do badly in 1979, upon the debut of VisiCalc, we mostly continue to do wrong today.
IT observer Stan Kelly-Bootle described in 1995 the impact of VisiCalc and its descendants: "The PC soon blossomed as the Uzi of creative corporate accounting," he wrote. "The What-If moved to Why-Not, indicting the spreadsheet as the chief culprit in the 1980s S&L scandal."
Kelly-Bootle was talking about the ease with which we slide our assumptions toward their optimistic limits, inching good numbers up and bad numbers down until we get the result we want — failing to admit that the result is based on multiplying a series of less-than-even chances.
