Question: STATEMENT: To date there have been no real results from the $ 1 . 5 million dollar expenditure that you - - the Vice -
STATEMENT: To date there have been no real results from the $ million dollar expenditure that you the VicePresident of Human Resources authorized for the implementation of a companywide Information Technology IT payroll project last year.
The project managers are now asking you for an additional $ million, promising that the system will be fully operational by the end of the year.
Through your industry network, you learn of other companies in Canada and overseas that have tried to implement this particular vender software that your project team has adopted. All of these companies have failed in their efforts.
Your continuing support for this project instead of cancelling it would clearly demonstrate that you are engaging in a decision making bias known as
Question options:
rational decisionmaking.
high risk propensity ie natural inclination
intiution.
escalation of commitment.
politics.
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