Define the Term "Slack Time" and Describe How It Is

question 48

Essay

Define the term "slack time" and describe how it is used in managing a project.

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Definitions:

Reasonable Time

In contract law, the time that may fairly, properly, and conveniently be required to do the task that is to be done, with regard to attending circumstances.

Tender

refers to an offer to perform an obligation or to pay an amount to fulfill the terms of a contract, or it can refer to the act of submitting such an offer.

Specific Performance

A decree from a court ordering a contracting party to carry out the promises made in a contract.

Compensatory Damages

Financial compensation awarded to plaintiffs in civil lawsuits for losses or injuries suffered due to the defendant's actions.