diff --git a/src/managers/RoleManager.sol b/src/managers/RoleManager.sol
index 4acc8c2..2d50f69 100644
--- a/src/managers/RoleManager.sol
+++ b/src/managers/RoleManager.sol
@@ -52,16 +52,16 @@ contract RoleManager is Positions {
         keccak256("Pending Governance");
     /// @notice Position ID for "Governance".
     bytes32 public constant GOVERNANCE = keccak256("Governance");
-    /// @notice Position ID for "brain".
+    /// @notice Position ID for "Brain".
     bytes32 public constant MANAGEMENT = keccak256("Management");
 
-    /// @notice Position ID for "keeper".
+    /// @notice Position ID for "Keeper".
     bytes32 public constant KEEPER = keccak256("Keeper");
-    /// @notice Position ID for the Registry.
+    /// @notice Position ID for the "Registry".
     bytes32 public constant REGISTRY = keccak256("Registry");
-    /// @notice Position ID for the Accountant.
+    /// @notice Position ID for the "Accountant".
     bytes32 public constant ACCOUNTANT = keccak256("Accountant");
-    /// @notice Position ID for Debt Allocator
+    /// @notice Position ID for the "Debt Allocator".
     bytes32 public constant DEBT_ALLOCATOR = keccak256("Debt Allocator");
 
     /*//////////////////////////////////////////////////////////////
@@ -106,7 +106,7 @@ contract RoleManager is Positions {
 
         chad = _governance;
         projectName = _projectName;
-        defaultProfitMaxUnlockTime = 10 days;
+        defaultProfitMaxUnlockTime = 7 days;
 
         // Governance gets all the roles.
         _setPositionHolder(GOVERNANCE, _governance);
diff --git a/src/managers/RoleManagerFactory.sol b/src/managers/RoleManagerFactory.sol
index 1b7dc29..ea535fa 100644
--- a/src/managers/RoleManagerFactory.sol
+++ b/src/managers/RoleManagerFactory.sol
@@ -87,7 +87,7 @@ contract RoleManagerFactory is Clonable {
      *     a new V3 project to exist.
      * @param _name The name of the project
      * @param _governance The address of governance to use
-     * @param _management The address of management to use
+     * @param _management The address of management to use if any
      * @return _roleManager address of the newly created RoleManager for the project
      */
     function newProject(
@@ -107,9 +107,12 @@ contract RoleManagerFactory is Clonable {
             _fromAddressProvider(ACCOUNTANT_FACTORY)
         ).newAccountant(address(this), _governance);
 
+        // If management is not used, use governance as the default owner of the debt allocator.
         address _debtAllocator = DebtAllocatorFactory(
             _fromAddressProvider(DEBT_ALLOCATOR_FACTORY)
-        ).newDebtAllocator(_management);
+        ).newDebtAllocator(
+                _management != address(0) ? _management : _governance
+            );
 
         // Clone and initialize the RoleManager.
         _roleManager = _clone();
diff --git a/src/test/managers/TestRoleManager.t.sol b/src/test/managers/TestRoleManager.t.sol
index 16b3ead..1289fba 100644
--- a/src/test/managers/TestRoleManager.t.sol
+++ b/src/test/managers/TestRoleManager.t.sol
@@ -552,7 +552,7 @@ contract TestRoleManager is Setup {
         assertEq(newVault.roles(brain), brain_roles);
         assertEq(newVault.roles(address(keeper)), keeper_roles);
         assertEq(newVault.roles(vaultDebtAllocator), debt_allocator_roles);
-        assertEq(newVault.profitMaxUnlockTime(), 10 days);
+        assertEq(newVault.profitMaxUnlockTime(), 7 days);
 
         assertEq(address(newVault.accountant()), address(accountant));
         assertTrue(accountant.vaults(address(newVault)));