Assume your CEO asked you, an experienced project manager, to write a memo to help new project managers joining the company, in regard to “escalation of commitment.” Your memo should include – at minimum – five recommendations about what factors he/she needs to be aware of in order to avoid making poor decisions as they relate to persisting with a project.
Your memo must consider factors that lead to people persisting in failed projects as well as factors that lead people to give up prematurely.
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