A failing project becomes a black hole for money,time,and personnel as management continues to pour resources into it despite the growing expectation that it will fail miserably.This phenomenon is known in project management circles as:
A)the vanishing horizon.
B)the Pareto principle.
C)escalation of commitment.
D)negative outcome disposition.

Question

Quizplus · Accepted Answer

The phenomenon of a failing project becoming a black hole for resources due to continued investment despite the expectation of failure is known as escalation of commitment. The vanishing horizon refers to the difficulty in defining the scope of a project, the Pareto principle is the 80/20 rule, and negative outcome disposition describes a bias towards negative outcomes.

A Failing Project Becomes a Black Hole for Money,time,and Personnel