Project Management

What are sunk costs? [Video]

From the The Money Files Blog
by
A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from GirlsGuideToPM.com.

About this Blog

RSS

Recent Posts

What is Expected Monetary Value?

What are sunk costs? [Video]

3 Benefits of Documenting Project Requirements

5 Tips for Exam Success

3 Options for Dealing with Team Conflict


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!

Pin for later reading:

sunk costs pin

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

Comments (3)

Please login or join to subscribe to this item
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.

Please Login/Register to leave a comment.

ADVERTISEMENTS

"There is more to life than increasing its speed."

- Mahatma Gandhi

ADVERTISEMENT

Sponsors