One of the Primary Jobs of a Project Manager Is

question 50

Short Answer

One of the primary jobs of a project manager is to manage the trade-offs among time, cost, and performance.To do so, the project manager must define and understand the ___________ of the project.

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Definitions:

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Actual Authority

The express and implied powers a principal intentionally grants to its agent.

Implied Authority

Authority of an agent that is not expressly granted but is inferred from the acts or the conduct of the principal.

Apparent Authority

A form of authority that a third party reasonably believes an agent has, based on the principal's representations, leading the third party to conclude that the agent is acting within the scope of their authority.