A Project Manager Bases His Time and Labor Estimates on a Learning

question 15

True/False

A project manager bases his time and labor estimates on a learning curve of 86%.The actual learning curve turns out to be 89%.The manager,because of the decreased learning,will complete his project in more time and with more labor use than his estimate suggested.

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Definitions:

Apparent Authority

The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.

Warranties

Legally binding guarantees provided by a seller to a buyer, assuring that a product or service meets certain quality and performance standards.

Limitation

A legal restriction or time frame within which certain actions must be taken, such as filing lawsuits or making claims, to remain valid or enforceable.

Directly Liable

Refers to the legal responsibility that falls directly on an individual or entity due to their actions or omissions.