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Why do organizations keep funding projects in the face of repeated failure?

Zwikael, Ofer

Description

Although most studies agree that most projects fail, proposals for new projects continue to attract funds. In order to resolve the apparent "investment-in-failure" paradox, this paper questions the methodology used in the literature to judge project failure and describes a model that both expands and extends traditional approaches. Implications of the proposed model for the management environment in organizations are also discussed. The model, which is anchored in existing theories of regret...[Show more]

CollectionsANU Research Publications
Date published: 2010
Type: Conference paper
URI: http://hdl.handle.net/1885/36081
Source: Proceedings of IEEE International conference on Industrial Engineering and Engineering Management (IEEM 2010)
DOI: 10.1109/ICIEEM.2010.5646414

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