Previous system dynamics work models the tipping of a series of product development projects into fire-fighting mode in which rework overwhelms progress. Similar dynamics also threaten the performance of individual development projects. The current work extends previous tipping point dynamics research to single projects and demonstrates how a simple, common feed back structure can cause complex tipping point dynamics, trap projects in deteriorating modes of behavior, and cause projects to fail. Basic tipping point dynamics in single projects are described, analyzed, and demonstrated with the model. Researchers recommend dynamic resource allocation policies to improve project performance threatened by tipping point dynamics. This existing work and the potential robustness of adaptive policies suggest that dynamic resource allocation policies can protect projects tipping point-based failure. But this hypothesis has not been tested for specific policies. We test several strategies for managing projects near tipping points, including dynamic resource allocation. The effectiveness of dynamic resource allocation as protection against project failure are modeled and described. Implications for project management practice and future research opportunities are discussed.