When the project was initiated,the Shoreham Nuclear Power Plant had an estimated cost of $75 million and a construction timeline of seven years.The project was eventually completed 23 years later at a cost of over $5 billion.The continuing allocation of resources to this project which ended up costing over 66 times its original estimate may be an example of ______.
A)tenacity
B)escalation theory
C)escalation of commitment
D)persistence theory

Question

Quizplus · Accepted Answer

The continuing allocation of resources to a project despite the increasing cost and failure to deliver the desired results is known as the escalation of commitment. In this case, the Shoreham Nuclear Power Plant ended up costing over 66 times its original estimate, which could be a classic example of escalation of commitment. Therefore, the best choice is C.

When the Project Was Initiated,the Shoreham Nuclear Power Plant Had