Assume your CEO asked you, an experienced project manager, to write a memo to help new project managers joining the company, in regard to “escalation of commitment.” Your memo should include – at minimum – five recommendations about what factors he/she needs to be aware of in order to avoid making poor decisions as they relate to persisting with a project. Your memo must consider factors that lead to people persisting in failed projects as well as factors that lead people to give up prematurely.
If you would like, feel free to use materials on escalation of commitment (i.e., Staw & Ross (1987);Preview the document Drummond (2014)Preview the document. Begin by listing the five bolded recommendations that your answer will revolve around. Write them as a numerical list (e.g., 1., 2., 3.), though the order of your list is not important. Note that, although you can mention other concepts in your answer, most of the content in your answer should revolve around the three bolded keywords written in your list. After creating your list, go on to craft your actual answer. (50 points)
