Sunk cost is an expression representing the unrecoverable amount of money that has already been placed into an ongoing investment or project. It is one of the simplest, yet most commonly misused financial measurements of a project. We’ll learn how to avoid the most common mistake in project (financial) management, and how to survive when our boss makes the mistake.
Definitions / Project Management / ROI
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Definition of opportunity cost
Why won’t my boss approve my project? I’ve done the math – it’s a good investment. Because it isn’t good enough. We learn the math and rationale behind these decisions in this article.