IT Essay Example | Topics and Well Written Essays - 2250 words

IT - Essay Example Influence based Trust is identified with the advantages that the customer would get legitimately like speedy and improved administrations while Cognition-based administrations identifies with those favorable circumstances that a customer would see and have proof of like decreased expense of exchanges and access to cash without lining and so forth. Together, these two indicate the fulfillment a customer would pick up by belittling online business results of a bank. In this exploration, we thusly ask, what are the significant variables that influence e-banking in UAE? What are the fundamental buyer perspectives towards e-banking administrations in UAE? What is the viability of e-banking administrations rendered by banks to people and associations in UAE? The examination looks to indicate the load of information on the adequacy of e-banking administrations rendered in UAE and the client mentalities to e-banking administrations in UAE. ... The exploration would give a foundation to the investigation of patterns and matters relating to e-banking. This can empower banks, shoppers and likely customers to get a decent comprehension of the response of buyers to e-banking items and administrations that are offered in the UAE. Writing Review Online banking is the â€Å"process that permits a buyer to perform banking capacities on the web. Web based banking can be practiced through the web with explicit record data and a buyer password† (Sam, 2008: 7). Web based financial alludes to an electronic type of completing conventional financial procedures and exchanges through the Internet and different types of PC programming frameworks. This infers web based banking empowers a purchaser to finish a financial movement utilizing the web and other related electronic devices like cell phones and other modern PC frameworks. This is likewise alluded to as e-banking, which incorporates banking did in an electronic arrangement. In a bank, e-banking a common e-banking office comprises of gatherings answerable for advertising and deals, web exercises, electronic trade, call focus administrations, ATM tasks and cell phone bank administrations (Hlupic, 2003: 109). As such, e-banking joins the tasks and exercises of a few related divisions in a bank to guarantee that the customers of the bank get the chance to embrace typical financial administrations through electronic methods. This requires the co-activity and joined endeavors of a few units to guarantee that clients get expeditious consideration about their exchanges, lessen misrepresentation and get a decent comprehension of the web banking

Recommendation Letters for Midlife Graduate Students

Proposal Letters for Midlife Graduate Students Pondering evolving professions? Graduate school is the pass to a lifelong change; its not only for late alumni. Numerous grown-ups consider coming back to class to procure a bosses or doctoral qualification and start the vocation they had always wanted. Think graduate school is just for the youthful? Reconsider. The normal alumni understudy (crumbling over bosses and doctoral projects in all fields) is well more than 30 years old. Midlife candidates to graduate school have unique concerns. For instance, what do you do about letters of proposal when youve been out of school for 10 years? That is an intense one. Before you surrender to finishing another single guys degree or, more awful yet, abandon applying to graduate school out and out, attempt the accompanying: Contact your teachers from school Teachers save records on understudies for a considerable length of time. Its a since quite a while ago shot, however, in light of the fact that teachers are known to proceed onward to different schools or resign, yet attempt at any rate. All the more significantly, educators most likely wont review enough about you to compose an able letter. While its accommodating to get at any rate one letter from an educator, it probably won't be conceivable to contact your old teachers. What at that point? Take a crack at a class Before applying to graduate school, have a go at taking a couple of classes, either at the undergrad level if youre entering another field or at the alumni level. Exceed expectations in those classes and let your educators become more acquainted with you. On the off chance that theyre doing research in your general vicinity of intrigue, volunteer to help. Letters from workforce who realize you currently will help your application colossally. Ask a boss or boss to compose for your benefit Given that most alumni applications require three letters of proposal, you may need to look past personnel for your letters. A director can expound on your hard working attitude, eagerness, development, and educational experience. The stunt is guaranteeing that your official comprehends what graduate entrance advisory boards are searching for in candidates. Furnish your ref with all the data the individual in question needs to compose an incredible letter. Incorporate a portrayal of your business related encounters, why you wish to go to graduate school, your aptitudes, and capacities just as instances of how your present work exhibits those aptitudes and capacities. At the end of the day, consider precisely what youd like the letter to state, at that point furnish your boss with all that the person needs to compose that letter. Give expressions and passages that contain significant material and models delineating your abilities; this can enable your administrator to outline the unde rtaking and their assessment. It can likewise unpretentiously direct your letter author; nonetheless, don't anticipate that your administrator should basically duplicate your work. By aiding - giving point by point data and direction - you can impact your letter by making it simple for your administrator. A great many people like simple and your letter is probably going to mirror that.

Blog Archive MBA Admissions Myths Destroyed At Least I Dont Have to Rework My Resume

Blog Archive MBA Admissions Myths Destroyed At Least I Don’t Have to Rework My Resume Many MBA candidates do not thoroughly consider and revise their resumes for their applications, often dismissing this element because an existing version may already be saved on their computer. We strongly caution you  not  to underestimate the value of this documentâ€"the admissions committees, in fact, review applicants’ resumes carefully, because they serve as a road map of each candidate’s career. In the past, we have highlighted that your resume is not the place to “stuff” all of your life experiences. Somewhere between the two extremesâ€"cramming your resume with information and ignoring it altogetherâ€"lies the ideal: a clear, easily scannable, action-/results-oriented resume, one that tells a story that will capture the attention of an admissions officer who has reviewed hundreds of similar files. One of the most common errors that candidates make is leaving their resume in an industry-specific format, filled with jargon and acronyms recognizable only to an expert in their field. Remember, the admissions committee is not hiring you for a task, but is trying to understand your progress, your accomplishments, and even your character.  Each bullet point in your resume needs to highlight achievement more than positional expertise. As you prepare your resume to be included in your application, think about your audience and recognize that your resume can be a strategic tool to reinforce certain characteristics that are important to youâ€"characteristics that may complement information provided in other parts of your application. For example, if you aspire to a career that is international in nature, you may place more emphasis on your international experience in your resume. Or, if you come from a field that is not known for its management orientationâ€"you were a teacher who administered a school’s $50,000 student activities budget, for exampleâ€"you may use your resume to emphasize disciplines that are important to an MBA admissions audience. Some candidates are surprised to realize that one page can communicate so much and thus deserves a significant level of attention, but investing some time in this short but crucial document is definitely worth the effort. Share ThisTweet Admissions Myths Destroyed Blog Archive MBA Admissions Myths Destroyed At Least I Don’t Have to Rework My Resume Many MBA candidates do not thoroughly consider and revise their resumes for their applications, often dismissing this element because an existing version may already be saved on their computer. We strongly caution you not to underestimate the value of this documentâ€"the admissions committees, in fact, review applicants’ resumes carefully, because they serve as a road map of each candidate’s career. In the past, we have highlighted that your resume is not the place to “stuff” all of your life experiences. Somewhere between the two extremesâ€"cramming your resume with information and ignoring it altogetherâ€"lies the ideal: a clear, easily scannable, action-/results-oriented resume, one that tells a story that will capture the attention of an admissions officer who has reviewed hundreds of similar files. One of the most common errors that candidates make is leaving their resume in an industry-specific format, filled with jargon and acronyms recognizable only to an expert in their field. Remember, the admissions committee is not hiring you for a task, but is trying to understand your progress, your accomplishments, and even your character.  Each bullet point in your resume needs to highlight achievement more than positional expertise. As you prepare your resume to be included in your application, think about your audience and recognize that your resume can be a strategic tool to reinforce certain characteristics that are important to youâ€"characteristics that may complement information provided in other parts of your application. For example, if you aspire to a career that is international in nature, you may place more emphasis on your international experience in your resume. Or, if you come from a field that is not known for its management orientationâ€"you were a teacher who administered a school’s $50,000 student activities budget, for exampleâ€"you may use your resume to emphasize disciplines that are important to an MBA admissions audience. Some candidates are surprised to realize that one page can communicate so much and thus deserves a significant level of attention, but investing some time in this short but crucial document is definitely worth the effort. Share ThisTweet Admissions Myths Destroyed

Concept Of Maximising Shareholder Wealth Example For Free - Free Essay Example

Sample details Pages: 11 Words: 3296 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Tags: Concept Essay Did you like this example? Maximizing share holder wealth is a concept in which optimally increasing the long-term value of the firm is emphasized. Milton Friedman recipient of the Nobel Memorial Prize in Economic Sciences is often quoted as saying The business of business is business He actually did say there is one and only one social responsibility of business-to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. Friedman used the term profits, rather than shareholder wealth but the two are often seen as interchangeable. Not only is this not true, there is an increasing body of opinion that views the prime motive of maximizing shareholder wealth as deeply flawed. In the history accounting and finance, it is assumed that the objective of the business is to maximize the value of a company. Don’t waste time! Our writers will create an original "Concept Of Maximising Shareholder Wealth Example For Free" essay for you Create order Put simply, this means that the managers of a business should create as much wealth as possible for the shareholders. Given this objective, any financing or investment decision that is expected to improve the value of the shareholders stake in the business is acceptable. In short, the objective for managers running a business should be profit maximization both in the short and long-term. Shareholders are deemed as the owners of the business. Their main aim is to increase their wealth, finance managers are employed to achieve this aim. In order to maximise shareholder wealth it would mean Maximising the flow of dividends to shareholders through time there is a long term prospective (Arnold, 2005) Shareholder wealth is a short-term gain, and can be artificially increased without adding any tangible assets or products to the companys rooster. You can, for example, simply lay off an entire short-term unessential department; say Research and Development rather than the shop floor, and the next quarters profits will be increased. But what about the social responsibility of the workers made redundant in order to make share price healthy? That is the fallacy with an unthinking mantra of maximizing. Almost any executive decision, no matter how socially irresponsible or unethical can be justified as intended to increase the stock price. Managers on short term leash might stay at the same point on the demand curve but economize more on resource if they must maximize shareholder wealth. Economizing inputs tend to offset the maximisers reducing output. In an economy with widespread monopoly some firms encouraged to maximize shareholder wealth would primarily encourage while others should slash production and reduce allocative efficiency one cannot predict which effect would dominate. Traditional theory suggests that the key aim of any business is to generate the greatest possible value for the company, leading to the maximum possible return for shareholders. As Ian D avies argues, this so-called Shareholder Theory is based on the idea that the ultimate aim of a company is to generate profit and pass this profit, along with any associated value, on to the shareholders who took the risk of purchasing those shares in the first place (Davies, 2007); furthermore, any approach that minimises the companys outgoings will, in theory, contribute to the growth of the asset-value of the company and therefore to the ultimate return to shareholders. Within the concept of Shareholder Theory, there is technically no limit to the methods that might be used in order to maximise shareholder wealth. One of the most commonly used methods, according to Jill H. Ellsworth and Matthew V. Ellsworth, is strategies for the reduction of tax liabilities, in other words reducing the amount of tax paid in order to increase the amount of money that can be paid out as dividends to shareholders (Ellsworth Ellsworth, 2007 ed., p. 58). However, arguably, this theory is overly s implistic: for example, while one strategy might generate greater short-term wealth for shareholders, a less obvious strategy might, in the longer-term, generate far greater wealth. For example, while a company could use surplus profits in order to increase the dividend, it could also use them to invest in projects that could yield far greater gains in the future. This, in turn, could increase the overall share price. This approach highlights an important problem: not all shareholders are the same, and while some are willing to wait for the longer-term results, others are after short term gain. There is no guarantee that both can be satisfied by the same approach. COMPETING THEORIES Other theories for example Stakeholder theory asserts that managers should make decisions that take into account the interests of all stakeholders of the firm. Such stakeholders include not only financial claimholders but also employees, managers, customers, suppliers, local communities, government, and others. Thus, stakeholder theory involves trying to maximize multiple objectives. Maximization of shareholder wealth focuses on owners and is a single-valued objective. This does not mean that corporate managers should disregard stakeholders other than owners. On the contrary, they need to be aware of the needs, wants, and interests of these other constituencies, but the owners come first. Although Shareholder Theory has been the dominant approach for many years, the new Stakeholder Theory is gaining ground. This theory suggests that Shareholder Theory is merely one part of the overall strategy that should be employed, with the others including such relatively unfixed concepts as earnings per share, employee satisfaction and environmental protection. Andy Coulson-Thomas argues that Stakeholder Theory is based on the idea that a business is an organic creature that will produce better results for everyone if holistically managed and, overall, led towards a situation in which every aspect of the company is performing well (Worthington et al., 2008, p. 147). This is clearly not a short-term theory, and one again illustrates the dramatic divide between the aims of different shareholders. However, Stakeholder Theory does have one major advantage, which is that it allows a more organic, cross-company angle to be applied, one which allows for stable long-term growth at the expense, perhaps, of short-term profit and wealth maximisation. Its also important to consider the size of the company and its location. Size affects such matters as taxation liability and economy of scale, and there are dramatically different rules when it comes to larger corporate entities. Although generalisations are dangerous, its true to say that smaller companies face less legislation in terms of moves to prevent tax avoidance etc., although to compensate for these larger companies often employ legal teams to address such issues. Davies argues that this balances out leading to virtual parity in terms of how companies of different sizes deal with taxation (and) they end up paying virtually the same rates, albeit from very different starting points (Davies, 2007, p. 37). Its also possible to relocate the companys base to a state with little or no corporate income tax, or where potential lawsuits are far more likely to be resolved in the companys favour. This may generate subsequent problems for shareholders, however, since their profits will be considered to be coming from abroad and may therefore be subject to additional taxation. This is an example of what McLaney calls blind strategy (Davies, 2007, p. 6), whereby something that initially seems to be good (for th e company) is ultimately bad for the shareholders. In light of the factors above, CEOs of major companies are being urged, to look to other theories of corporate purpose. In this theory, the customer comes first. Perhaps the most notable change of purpose, as advocated by Richard Ellsworth and Ian Davies, is to change corporate focus from the shareholder to the customer. For example, in his book Leading with purpose Ellsworth offers statistics, drawn from a study of 23 companies that show those businesses that were mostly customer-focused exceeded their industries median performance by 36 per cent. But what does focusing on the customer mean? Isnt it something that successful businesses have always done? Yes and no. In his book, The New Business Road Test John W. Mullins defines customer focus as a corporations ability to resolve customers pain. Mullins then goes on to highlight the case of Nike who impacted on the sports shoe market by designing shoes that met the specific sp eed and endurance needs of distance runners. In 1972, eight years after Nike (then known as Blue Ribbon Sports) was formed, four of the top seben finishers in the Olympic marathon wore Nike shoes. Two decades later, after many years of strong growth, Nike targeted women, for whom its products seemed to hold limited appeal. Nikes researchers found that for active women, clothes had to perform a double-duty, handle an intense workout and look good on the street. Nike turned their research iinto new product lines and in 2005 their combined womens business grew by almost 20% outpacing even the companies overall growth. But away from Mullins, Naomi Kliens book, No Logo, shows there is more to Nikes corporate purpose than target markets. Klien points out that Nike is also probably the most famous case of western companies using sweatshop labour a scandal that was bought to national USA attention in 1995-96 and has dogged the company ever since. The question is this: how do we interpret Ni kes repeated attempts to change unethical working practices at its various sites around the world? What do we say about the introduction of schools, donations and increased wages it has given out to workers it previously exploited? Can they be seen as cynical attempts by a panicked business to maintain shareholder value, or genuine efforts to resolve their customers moral pain? Nikes efforts at ethical working practices brings me to CSR Corporate Social Responsibility CSR has become the basis on what organisations do well. There are several studies as to what CSR is, several researchers (Friedman, Rudolf, Davis etc.) have given their own definitions, the World Business Council has defined it as the continuing commitment by business to behave ethically and to contribute to economic development while improving the quality of life of the workforce and their families, as well as of the local community and society at large. (Source: Xrefer, definition of Corporate Social Responsibilit y) Companies usually implement CSR into their policies and practices so the effects of their activities have a positive social, environmental, legal and economic impact on the communities in which they operate and on their stakeholders. Some organisations behave more socially responsibility because it is an obligation by the managerial board, but also because of fear of backlash from environmentalist and consumer pressure groups and the media, and negative corporate image. It has been argued that behaving in a more socially responsibility manner can be beneficial to an organisation in the long run. A good example of an ethical organisation is the Body Shop. The Body Shop was founded by Anita Roddick in 1976, and has achieved worldwide status for being profitable and socially responsible, which proved that an organisation can be ethical and successful and reward shareholders and satisfy stakeholders at the same time. It has achieved worldwide popularity due its ethical practice s, famously recognised for being against animal testing and promoting cosmetic products that have not been tested on animals, . They had a business case to provide body care products that have not been tested on animals and their business case just provides further support that an organisation can be profitable whilst being ethical. SHAREHOLDER WEALTH CRITICISM Another difficulty with Shareholder Theory is that aspects of wealth growth, most notably those related to tax, are increasingly complex and require a variety of forensic-level approaches that are often impossible for a large corporation to undertake. For example, some shareholders might benefit from a corporation-based tax reduction strategy, while others might be better off utilising their own such systems. Its impossible to tell which system will suit which shareholder, and its also impossible to mix the two systems. There is therefore a fundamental need to balance competing needs and, often, to find a balance that generates the best average result for shareholders. To compensate for such problems, companies can help their shareholders to form their own corporation designed to either own stock or to act as consultants (mainly for smaller companies). A. McNeil notes that such tactics are likely to appeal only to shareholders who are more proactive in their involvement in the c ompany, whereas research shows that over three quarters of shareholders prefer a far more passive involvement (McNeil, 2007, p. 85). Furthermore, a number of commentators have argued that such tactics usually offer fewer benefits than they promise on paper, since there must be consideration given to the costs of incorporation and the operation of such a company. Turner and Johnson, for example, argue that the hidden costs in such an operation almost always outweigh the possible benefits (Turner Johnson, 2003, p. 238). Ultimately, the concept of maximising shareholder wealth represents a return to the principle of using a business in order to increase the wealth of individuals. As Andy Coulson-Thomas has suggested, this approach has often been lost in recent years as individuals (instead) work for the greater good of the company, which is often valued more highly than the wealth of the shareholders (Worthington et al., 2008, p. 58). Its clear that attempts to focus on the maximis ation of shareholder wealth often involve increased complexity and, as a result, present a number of potential points at which profit can be lost. There are a number of conflicting theories in terms of which approach might be best when it comes to maximising shareholder wealth, but its clear that the most fundamental problem is that shareholders often have different, and in many cases competing, aims the key difference is in terms of how quickly they want to see a profit, and the needs of short-term profit-seekers are likely to contradict the needs of those seeking a longer-term profit generation system. There is even the problem with the stock price itself as illustrated in my third paragraph above. It simply isnt always in management control. Again, as we have seen recently, share value largely depends on the confidence the market has in a corporation or the sector that the corporation operates in. as confidence in the banking sector has recently plummeted, even organizations with a healthy balance sheet have seen their share prices tumble. Consider the monopolist in a nation that denigrates shareholder wealth maximization and has rules and norms that discourage lay-offs. Employees cannot easily be laid off. Their jobs cannot be radically reconfigured without their consent. As such, the monopolist might not cut production and raise prices further, despite the shareholder-wealth-maximization basis for doing so, because it must pay the employees anyway if labor markets are rigid and if it cannot costlessly redeploy its workforce. In such circumstances, not only are the employees with jobs protected, but national wealth is increased (or at least not decreased) by slack agency controls on managers. A weak shareholder primacy norm facilitates greater production. I would say there is the problem of the shareholders themselves. These are not necessarily long-term investors with the interests of the company at heart, but transient individuals, some of whom, a s we have seen lately, may actually look to make money out of a business by betting on the share price going down .i.e. taking the fall of shareholders like Conrad Black and Bernard Madoff. As per tutor2u,  Managers of a business should create as much wealth as possible for the shareholders. Given this objective, any financing or investment decision that is expected to improve the value of the shareholders stake in the business is acceptable. This is based on the assumption that managers operate in the best interests of stockholders, not themselves, and do not attempt to expropriate wealth from lenders to benefit stockholders. Another assumption is that managers act in a socially responsible manner and do not create unreasonable costs to society in pursuit of stockholder wealth maximization.  Ãƒâ€šÃ‚  (Blackwell publishing, 2009) Wealth maximization is achieved by maximization of the cash flows of the organization.  Ãƒâ€šÃ‚  Cash flow is a better yardstick than the profits. There are several objections against the profit maximization: One it is vague; there are multiple meanings of Profit.  Ãƒâ€šÃ‚  For example profit after tax, retained earnings. Thus profits cannot be the ultimate goal. Two it is uncertain; as per Freemba, Profit cannot be ascertained well in advance to express the probability of return as future is uncertain. It is not at possible to maximize what cannot be known. Hence the timing of the profit cant be estimated. Three it ignores time value of money; Profits ignore the time value of money which is not in the case of cash flows. One can exactly find the timing of cash flows. Hence cash flow is a better measure. CONCLUSION Despite its advantages of greatly simplifying directors decision making we should discard the fictional undiversified shareholder concept for two reasons. First, it is highly unrealistic, more so than the other alternatives here considered. Second, it is indeterminate as to the degree of risk-aversion that should be ascribed to this fictional shareholder, and this degree of freedom completely undercuts ability of the shareholder wealth maximization norm to constrain director conduct. The  goal of Maximization of profits I think to be a narrow outlook. Evidently when profit maximization becomes the basis of financial decisions of the concern, it ignores the interests of the community on the one hand and that of the government, workers and other concerned persons in the enterprise on the other hand. Hence profit maximization is not considered as the ultimate financial objective. Wealth maximization is considered to be the most important financial objective Organization s hould also consider non financial objectives too to satisfy the other stakeholders of the organization. Stakeholder can be a person, group, organization, or system who affects or can be affected by an organizations actions. This means satisfying the objectives of customers, suppliers, government agencies, families of employees, special interest groups.  This will help in achieving the success in long term too. Ultimately, the concept of maximising shareholder wealth represents a return to the principle of using a business in order to increase the wealth of individuals.This approach has often been lost in recent years as individuals work for the greater good of the company, which is often valued more highly than the wealth of the shareholders Its clear that attempts to focus on the maximisation of shareholder wealth often involve increased complexity and, as a result, present a number of potential points at which profit can be lost. There are a number of conflicting theorie s in terms of which approach might be best when it comes to maximising shareholder wealth, but its clear that the most fundamental problem is that shareholders often have different, and in many cases competing, aims the key difference is in terms of how quickly they want to see a profit, and the needs of short-term profit-seekers are likely to contradict the needs of those seeking a longer term profit generation system I also conclude that from above highlights it shows just how complex and interlinked all the financial and psychological aspects of business are. It is no longer enough (if it ever was) for businesses to concentrate soley on their shareholders. In the current climate of a credit crunch fuelled by a potent mix of incompetence and greed, with business ethics under scrutiny like never before, the customer is all of us. And the pain we need resolving is not just economic, but social and environmental as well if corporation investment decisions are best pursued through the use of a fictional shareholder concept, rather than through attempts by directors to ascertain and satisfy to the extent possible the conflicting preferences of their corporations actual shareholders and perhaps other stakeholders as well then the fictional diversified shareholder concept, despite its significant implementation difficulties, is the preferred alternative among those here considered. .

Construction Industry Statistics And Policy - 1344 Words

Chapter 1 introduction The construction industry is a major contributor to the UK and the world in general’s economies as a whole. In 2012 in the UK alone the gross value added was  £83 Billion accounting for 6% of the total economy for the UK according to the paper produced by Chris Rhodes for the House of Commons titled Construction Industry: statistics and policy. (1) Due to the scale of the contribution the construction industry makes to the economy it has been the focus of various reports and investigations with the aim of growing and improving the construction industry. One area that has been continuously highlighted in these reports and investigations is the area of defects and reworks which according to H.J.Eldridge it was†¦show more content†¦It is clear that the construction industry generates vast amounts of revenue and profits and the cost of reworks is an area where the main contractor or client must meet this cost from their profits or budget and its an issue that has not been rectified. For this reason major contractors are continuously taking actions to rectify this and implemented â€Å"zero defect† policies and action plans such as at Sir Robert Mcalpine who are at present attempting to implemented a policy of Regional Quality Leadership Team’s and have produced a charter with a vision statement, values and rules that alongside and an action plan for the purpose of producing projects of exceptional quality which are free of defects and snags. 1.1 Aim of research To investigate the factors required for a major contractors project manager/package manager to achieve a â€Å"zero defects† build, 1.2 The justification of the research The justification of the research comes from first hand experiences of the author who has spent eight years contributing to construction projects through various roles such as laborer, banks man, crane operator and latterly as a trainee package engineer working for various major contractors. In this time the author has encountered reworking and snagging lists covering the same works with the same causes and reasons on a recurring theme throughout the

Project Management Assignment - 3060 Words

Contents 1. Company Profile. 2. Introduction. 3. Business Case. 4. Technical Plan. 5. Project Management Method. 6. Strategic Project Management Techniques. 7. Quality Control. 8. Project Monitoring and Controlling. 9. Risk Management. 10. Project Costing and Budgeting. 11. Project Closure. 12. References. Company Profile Tamp;T Co. is a Cochin-based private construction and Architecture Company, established in 1995 mainly undertaking projects concerning building and bridge constructions. The company is headed by a board of directors, led by Mr. Thahir C.A. The head office of the company is situated in Aluva, Cochin district of Kerala. The company has undertaken 6 major projects†¦show more content†¦Technical Plan The method of construction used in this project is the Incremental Launching method or ILM. In this type of construction, the bridge is constructed by ‘launching’ a single individual part of the bridge into place by using the support of a number of rollers or sliding bearings. Following the placement of the bridge, the rollers are removed and the bridge rests in its final place. The forward push for the launching is provided by a number of hydraulics or jacking systems on sliding bearings. Figure 4: The initial stages of the Incremental Launching Method (http://loaferpulse.blogspot.com/2010/08/segmental-bridges-considering-segmental.html) Figure 4: The initial stages of the Incremental Launching Method There are a number of advantages of using this method. Some of them are as follows: 1. More economical: It is more time and cost-friendly as there are not many machinery used in the making of the bridge. This will reduce the expenses by up to 20% of the cost of construction. 2. Use of only one set of jacking and hydraulic equipment: It is the recurrent use of the bearings and the hydraulics which put together parts of the bridge. And, as it is done at almost ground level, the safety of the construction workers is also not jeopardized. 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Previous experience has involved conference management systems, commercial construction, and software development projects. A new, intriguing project offers another opportunity to apply your project management expertise. The university you just graduated from wishes toRead MoreProject Management Sample Assignment4110 Words   |  17 PagesAssociation for Project Management (APM) suggests that the project business case provides justification for undertaking a project by evaluating benefit, cost and alternative options. The main purpose is to obtain approval and commitment for investment in the project (Association for Project Management 2006, p.129 and MGT8022, USQ 2013). 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Doing business the old way isRead MoreSystems Analysis Design And Project Management Individual Assignment1371 Words   |  6 Pages Systems analysis design and project management Individual Assignment Raad Alteimeh University of North Alabama CIS 625-I03 Enterprise Systems Analysis Design Professor David Nickels System analysis and design Information system analysis and design is a complex, challenging, and stimulating organizational process that a team of business and systems professionals uses to develop and maintain computer-based information systems (Valacich, J. S., George, J. F. (2017). It is a process thatRead MoreMmis 621 Assignment 4 Information Systems Project Management Plan Erp System Implementation Mmis 621: Information Systems Project Management1189 Words   |  5 PagesMMIS 621 Assignment 4 Information Systems Project Management Plan ERP system implementation MMIS 621: Information Systems Project Management Fall 2015 Click Link Below To Buy: http://hwcampus.com/shop/mmis-621-assignment-4-information-systems-project-management-plan-erp-system-implementation/ Purpose: The purpose of this paper is to give you an opportunity to apply and demonstrate your understanding of the tools and principles covered in the class to a project of your choice.

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Question: Discuss about the Zappos Case Study ? Answer: Introduction SCM means supply chain management is actually a process of coordinating integrating and over the sighting of materials and finances move in a process from the supplier manufacturer wholesaler and at last to the consumers (Weele, 2015). Implementation of this system can benefit an online retail company like Zappos in the whole process of procuring of items to delivering of those to the customers. CRM and why Zappos would benefit from the implementation of a CRM system CRM means customer relationship management used to manage and analyze customer interactions and data with the goal of improving business relationship with customers. Zappos make incredible success due to good customer relationship so as it is growing so its customer base is also increasing thats why its need to implement CRM to maintain this relationship. Why Zappos would need to implement SCM, CRM, and ERP for a connected corporation SCM supply chain management is a management system used to control supply distributions. CRM customer relationship management is used to maintain good relation with customers. ERP enterprise resource planning used to plan different resource allocation (Govil, Proth, 2002). All these tools needed to manage big organizations as Zappos is growing so its need to implement it for smooths functioning of its activities. The merger between Zappos and Amazon and assess potential issues for Zappos customers Merging of Amazon with Zappos is great as Zappos can able to use the huge warehouse, supply chain and customer base of Amazon. Only potential issues to the customers are the quality of service offered by Zappos though it gets merged the service and culture of Zappos must be maintained like earlier. Plan for how Zappos can use Amazons supply chain to increase sales and customer satisfaction Amazon is a larger organization than Zappos having good supply-chain warehousing facilities and larger customer base. After the merging Zappos must use this facility and increase their sales and customer satisfaction. References Govil, M., Proth, J. (2002).Supply chain design and management. San Diego: Academic Press. Weele, A. (2015).Purchasing supply chain management. Australia: Cengage Learning.