Escalation of commitment : evaluating project termination behaviour of masters of engineering management students
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Date
Authors
Engelbrecht, Henno
Weyer, W.G. (Werner)
Steyn, Herman
Journal Title
Journal ISSN
Volume Title
Publisher
Better Advances Press
Abstract
In this study we presented 180 Masters of Engineering Management students with five scenarios of a troubled
project at different phases in the project lifecycle. Each scenario presented specific economic parameters about
the return on investment if the project is completed, and the salvage value should the project be stopped before
completion.
The research showed that, despite their project management education, the students exhibited substantial
escalation of commitment behaviour, and the majority chose to continue with the project in the face of clear
evidence that the project would fail.
Description
Keywords
Decision making, Escalation of commitment, Project management, Project termination, Masters of engineering management (MEM)
Sustainable Development Goals
Citation
Engelbrecht, H., Weyer, W.G. & Steyn, H. 2017, 'Escalation of commitment : evaluating project termination behaviour of masters of engineering management students', Journal of Contemporary Management, vol. 14, pp. 893-919.