Discuss the following statement made by a project manager: “ We have already spent 70% of...
Discuss the following statement made by a project manager: “ We have already spent 70% of the budget required to complete the project. Hence it would be a waste of money to abandon it at this stage. So we should continue and complete the project.”
Homework Answers
With this statement, the project manager is showing his willingness as well as the rationality to continue the ongoing project and complete it, rather than abandoning at this stage where 70% of the budget of this project has already been spent. And, if the project gets abandoned at this stage it would be clearly a loss and the money been spent would be wasted, along with the time and efforts being invested in the project.
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