Project Management: Logic Fallacies

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Failure to apply critical thinking can have a negative impact on our project. A logic fallacy is an incorrect argument in logic. A key element of critical thinking is being able to spot logical fallacies to reduce risk and enhance our ability to complete projects successfully. We project managers must be aware of common logic fallacies such as these:

Sunk Costs. “Sunk cost” is an economic term for any expenses that can no longer be recovered. Sometimes we might invest ourselves so thoroughly in a project that we’re reluctant to abandon it, even when it turns out to be fruitless and futile. It’s natural, and usually not a fallacy to want to carry on with something we find important, not least because of all the resources we’ve put into it. However, this kind of thinking becomes a fallacy when we continue … Read More »



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