Project Management

What are sunk costs? [Video]

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Categories: budget, cost

sunk costs

In this video I explain what sunk costs are and why they are so emotive on projects, especially when projects are challenged or no longer viable.

I try to give you some background on sunk costs so that when you’re faced with execs who are looking at sunk costs as a reason to continue with a project, you’re armed and ready to at least debate with them about why that isn’t a good idea!

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Posted on: April 23, 2020 08:00 AM | Permalink

Comments (3)

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Very interesting., thanks for sharing

Very interesting to debate about it, the sunk costs shall be taking into account. For small companies is a must, not doing could cause even damage.

@Juan I'm happy to hear your views on this, thanks for taking the time to comment.

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