Projects Are Subject to Unanticipated and Uncontrollable Events So They

question 29

True/False

Projects are subject to unanticipated and uncontrollable events so they need to have slack built into the schedule and budget.

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Definitions:

Mechanic's Lien

A security interest granted over an item of property to ensure the payment of a debt or performance of some obligation arising from work performed or materials furnished in improving the property.

Personal Property

Movable assets owned by an individual or entity, such as furniture, vehicles, and electronics, as opposed to real estate.

Mechanic's Lien

A legal claim against a property by a contractor or repair person who has not been paid for work performed on that property.

Statute

is a formal written law enacted by a legislative body at the local, state, or federal level.