Question: In no less than 300 words - Describe a sunk cost. Give a real-world example. Describe a sunk cost as it pertains to a technology

In no less than 300 words - Describe a sunk cost. Give a real-world example. Describe a sunk cost as it pertains to a technology project. What can make sunk costs difficult to deal with? Describe the different reserves that can be used in projects. When would you need a reserve for an IT development project? Describe EVM and how it could be beneficial to the project management team.

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