Expectation management is the process of aligning what people anticipate with what is realistically achievable. It involves clear communication about goals, timelines, and potential challenges to prevent misunderstandings. By setting realistic expectations, individuals and teams can reduce disappointment and foster a more positive environment. Effective expectation management is crucial in various settings, including business, project management, and personal relationships. It helps stakeholders understand their roles and responsibilities, ensuring everyone is on the same page. This practice can lead to improved satisfaction and better outcomes, as it encourages transparency and accountability among all parties involved.