To what extent can a Project Manager be held responsible for projects remaining on schedule and on budget?
Would it make sense for Project Managers to be either promoted (or otherwise rewarded) for a project that came in early, or demoted or punished (or fired?) for projects that are late or run over budget?
I'm not referring to Projects Managers who goofed off and ignored their project. I'm also not referring to cases where an entire team is rewarded or punished.
How common is it for only the Project Manager to be highlighted for the success/failure of the team?