CORPORATE FINANCE OVERVIEW Essay Example | Topics and Well Written Essays - 500 words

CORPORATE FINANCE OVERVIEW - Essay Example Even though the company has a secure stream of income from a long term contract, it still bears a default risk, albeit rather small. My estimation of the discount rate has to reflect all this information. It will be definitely higher than discount rate of government securities. d) This security has substantial default risk as the issuing company is a start-up without proven history of operations and no secure stream of income. Therefore, the discount rate will be higher than for the company with secured stream of income (from the previous question). 2. Capital Asset Pricing Model (CAPM) can be used to quickly estimate the expected rate of return on a certain security. In an essence, it provides the best guess market can provide for future return on a particular security in a simple but powerful way. It was estimated that nearly 3/4 of financial managers use CAPM to estimate the cost of capital (Brealey, Myers & Allen, 192). CAPM reflects two crucial points. First, investors require extra return for extra risk (as shown in risk premium component). Second, investors are concerned with the risk that they cannot eliminate by diversification (as shown in beta component). Therefore, when used to estimate expected return on a particular security, CAPM accounts for the overall additional risk premium historically required by investors for this type of security (risk premium) and for the systematic risk that this particular security adds to the diversified portfolio (security’s beta). 3. a) It is possible to estimate net present value of this project rather accurately. Buying new equipment for a factory line at Ford is a part of regular established operations of Ford. Therefore, the expected rate of return estimated for the Ford as a company is appropriate for this particular project. Since Ford is a mature company, with its stock having being traded for many years, its expected rate of return

Racism in the White Dog Film Assignment Example | Topics and Well Written Essays - 500 words

Racism in the White Dog Film - Assignment Example As demonstrated in the movie, â€Å"White Dog,† racism is seen to be a deep-seated issue in the society in which every race harbors some resentment against other races. The film was highly criticized across the United States for its racist views. The White Dog is a movie that demonstrates racial conflicts and disparities. At the beginning of the movie, actress Julie Sawyer finds a stray white dog that she takes gives treatment and goes looking for the owner. She is unsuccessful in tracing the owner hence she ends up having the dog with her. A rapist attacks Julie one night but the dog protected her. This makes Julie decide to adopt the dog despite the fact that her boyfriend was opposed to it. In advancing the racial theme, the dog happens to have been trained against the black people. In the process, it ends up killing a black truck driver as well as Julie’s colleague (Pearl 11). This demonstrates racial discrimination; the reasons for targeting only the blacks in a negative way reveal the black race in a bad light. Apparently, the dog was trained in order to attack black people that it came across. However, despite the dog being seen to be a racist or having been trained to be a racist, it goes further to save Julie from the hands of a rapist irrespective of their tribal affiliation. There is a variation in the perception of characters towards racial prejudice. Julie was one of the characters that outstood in developing an intervention towards the situation of the white dog. She realized that the dog had some training that did not go well with her expectations. This made her embark on looking for a dog trainer. The first one she meets is called Carruthers, who also harbors anti-racism thoughts hence he recommends that the dog should be killed.

Cross Culture Managment - South Korea Essay Example | Topics and Well Written Essays - 1500 words

Cross Culture Managment - South Korea - Essay Example The capital of South Korea, Seoul is also the city covering its largest area of land. Korea was a huge region that came under separation into its North and South portions after the end of World War II. Since the two parts of Korea were not in a good friendly relation from the time of their formation, therefore, it resulted in wars between them. The war was a stepping-stone for the southern region, as after the war their economy saw a dramatic boom that revolutionized the recognition and position of the country in its neighborhood (Haggett, 2002). With the economical boom, that the country experienced gave a rise to the lifestyle of its citizens, thus boosting its social sector. Over the passage of time, it developed its technological, transport, manufacturing, industrial and economic sector phenomenally that it made its place in the world rankings. The country has a high population density, as a huge number of people inhabit a comparatively small piece of land. Diverse cultures do no dominate the Korean population and it has come under observation that a larger proportion of the populace consists of people of Korean race and Chinese people forms a minority. South Korea does not restrict its denizens to practice a particular religion and have the liberty to follow their religious rituals. A big faction of the people follows â€Å"Christianity and Buddhism, whereas Islam, Shamanism, Confucianism, Chondogyo are the religions that comes under practice by the minorities† (USA International Business Publications, 2005). South Korea is a democratic country that comes under the leadership of President but the power does not come under confinement only in the hands of the president. Legislation and Judiciary also have rights on the power of making legal decisions. Culture of South Korea Korean language generally known as Hangul by the natives comes under common usage to communicate with one another. This language finds its origin from an ancient language known as Altaic, which was widely spoken centuries back. Hangul is well comprehendible and understandable by the locals despite of the fact that it has quite a lot of forms and accents (Connor, 2009). The language is simple and easy and due to this reason, one can learn it effortlessly without difficulty. It also contributes to one of the achievements of the country that is to have a secularly qualified and educated population. Though Hangul do not relate much to the Chinese language, still some Chinese characters come in association with it as an influence of the minor Chinese population residing in the South Korea. English being a universal language retains its importance amongst Koreans as well, therefore, schools have made English as a subject of learning (Connor, 2009). The attitude of the Korean population has seen a drift as earlier people had thinking that was more conservative and gender discrimination came under finding in heights. This trend saw a radical turn after the boosting of the economy and the perceptions towards the girls came under transformation. Opportunities came into the provision to the females in the world of business. The opportunities developed the concept of individualism and independence in females and they no longer made themselves dependent on their male spouses, which uplifted their position in the society (Connor, 2009). Despite of all the success and gains that South Korea has experienced, it has retained its history and has not

How useful is social class Essay Example for Free

How useful is social class Essay How useful is social class as a variable for segmenting consumer markets? Explore. In the early days of segmentation, according to Schiffman, it was not unusual to apply only one segmentation criterion, e.g. demographic segmentation. Today marketers have realized that it is to simplified to apply only one criterion for segmenting complex markets. Therefore, it is common to combine several criteria to create rich and comprehensive segmentation profiles in order to find the most beneficial target markets for ones product. Shortly, it can be argued that geographic and demographic variables help to locate a certain target market, whereas psycho-graphic and socio-cultural variables help describe who its members are, how they think and how they feel. Demographic is segmenting customers based on age, income, gender, etc. Geographic is based on the region or country they live in. psycho-graphic is based on their personality and socio-cultural segmentation is segmenting the market based on their subculture, religion, social class, family lifestyle/life-cycle (single, married etc). Currently, we will focus on the importance of segmenting the consumer markets based on their social class. Almost every society has some form of a social class structure. According to Kotler, Social classes are societys relatively permanent and ordered divisions whose members share similar values, interest, and behaviors. Society is mainly divided into three major classes, Upper, Middle and Lower. But social scientists have identified that society can be classified into seven social classes. They are the Upper Uppers, Lower Uppers, Upper Middles, Middle Class, Working Class, Upper Lower, and Lower Lowers (See Appendix I). Companies need to consider social class as a variable for segmenting the consumer markets because it is useful for them in determining their target market. It helps them in setting the different marketing mix for different  target market based on their social class. For example, a car company like Toyota produces many different types of car with different brands; prices and which are targeted to different people. The expensive cars like Land Cruiser and Celica is targeted to the upper class. While their other brands like Soluna and Toyota Kijang is mainly focused on the middle and working class. Marketers are also interested in social class because people within a given social class tend to show similar buying behavior. It helps the marketers in setting the price and the quality to use for their product. For instance the Upper Uppers way of decision-making of purchasing a product and the product they purchase would be different from those of the Upper Lower. They would prefer to purchase a more expensive product with good quality. They would not go for cheap products thinking that because if it is inexpensive, it is sure an inferior product. For example, in choosing a car. The upper class would prefer to buy something more elite and exclusive like Mercedes and Lexus since it has a class, and is more of a good quality product. They would not go for something like Timor. Therefore, it is vital that marketers consider the social class when segmenting consumers because it influences on consumer purchasing decision-making. Here, marketers know that their upper class consumers see the quality comparing to price. So they have to develop a product with merit features, since the society is affordable to pay for the product. Besides aiming on target market and setting the price, it also helps the marketers in deciding their advertising activities. The way a company advertises for an expensive and exclusive products will be different from the way they advertise a low quality product. Im sure a marketer would not waste a lot of money in their advertising campaign for an inferior product that is targeted to the middle and lower class. Example, for soap products like Lux and Giv. Lux Company focuses on middle to upper class as their target market. To make it look like a pricier product, they use famous  actresses as their model. At times, the model in the advertising do effect on the consumer decision-making. While Giv Company focuses more on lower class consumers. They are less bother to hire expensive models for their advertising. They would go for a more simple advertising campaign. Overall, I would like to state that if marketers use social classes in targeting their consumer markets, they will be able to easily identify their target, understand their consumer behavior, minimize risk for new products and services and hence can organize successful marketing strategies in which they can sell their products in a better way and can gain more profit. They will also be able to know about the needs of their customers and hence can serve them better in the future.

A Review Of Recent Evidence

A Review Of Recent Evidence PROJECT MANAGEMENT EMERGED FROM DIFFERENT FIELDS OF APPLICATION INCLUDING CONSTRUCTION, ENGINEERING, TELECOMMUNICATIONS, AND DEFENSE AS A DISCIPLINE. THE 1950S MARKED THE BEGINNING OF THE MODERN PROJECT MANAGEMENT ERA. BEFORE 1950S, PROJECTS WERE MANAGED ON AN AD-HOC BASIS USING GANTT CHARTS, OR INFORMAL TECHNIQUES AND TOOLS. PROJECT MANAGEMENT IS THE DISCIPLINE OF PLANNING, ORGANIZING, SECURING AND MANAGING RESOURCES (I.E. MANAGEMENT) TO BRING ABOUT THE SUCCESSFUL COMPLETION OF SPECIFIC PROJECT GOALS AND OBJECTIVES. B: DISCUSS PROJECT MANAGEMENT SYSTEM ELEMENTS ONCE PROJECT MANAGEMENT IS PUT IN PLACE ORGANIZATIONS GET THE NECESSARY TOOLS AND INFORMATION THAT ARE NEEDED TO COLLABORATE AND MANAGE THEIR WORKLOAD AS A TEAM. FOLLOWING ARE THE KEY ELEMENTS FOR BETTER PROJECT MANAGEMENT: 1. CLASSIFY -DEFINE THE TYPE OF WORK: IT HELPS EVERYONE UNDERSTAND WHAT NEEDS TO BE DONE E.G. NEW FEATURE, ACTION ITEM, DEFECT ETC. 2. TARGET -TARGET SETS YOUR PROJECT ¿Ã‚ ½S MILESTONES. MEASURING PROGRESS IS EASY WITH METRICS WHEN REMAINING TASKS AND ISSUES CAN BE RELATED BACK TO THE PLAN, KEEPING TEAM MEMBERS FOCUSED AND WORKING TOWARD A COMMON GOAL. 3. PRIORITIZE EACH TEAM MEMBER SHOULD UNDERSTAND THE PRIORITY SYSTEM. 4. COLLABORATE -RIGHT TASKS BE ASSIGNED TO THE RIGHT PEOPLE. MAKE SURE THAT OWNERSHIP BE CLEAR AND REASONABLE. WORKLOAD HAS TO BE BALANCED AND FAIR AND IT SHOULD BE EASY FOR PEOPLE TO GET HELP IF NEEDED FROM OTHER TEAM MEMBERS. 5. CHECK STATUS -TASK STATUS SHOULD BE REGULARLY TRACKED. IT SHOULD BE EASY TO SEE WHAT IS COMPLETED, WHAT REMAINS TO BE COMPLETED, AND WHAT ISSUES EXIST. 6. TRACK COMPLIANCE KEEP A COMPLETE HISTORY FOR EVERY TASK. IT HELPS YOU UNDERSTAND WHAT ISSUES REMAIN, HOW TO IMPROVE YOUR PLANS, UNDERSTAND AND CORRECT PROCESS ISSUES, AND COMPLY WITH APPROPRIATE INDUSTRY STANDARDS LIKE ISO9000 CERTIFICATION ETC. C: DISCUSS EXTERNAL AND INTERNAL ENVIRONMENTAL ELEMENTS INFLUENCING PROJECT MANAGEMENT PROJECT MANAGEMENT CAN BE AFFECTED BY THE INTERNAL AND EXTERNAL FACTORS IN A BUSINESS ENVIRONMENT. THE EXTERNAL FORCES THAT AFFECT PROJECT MANAGEMENT INCLUDE SOCIOLOGICAL, POLITICAL, ECONOMICAL AND TECHNOLOGICAL. EXTERNAL FACTORS: 1. SOCIOLOGICAL: IT INCLUDES THE DEMOGRAPHIC STATUS, TRENDS, WORK ETHICS, PERSONAL VALUES, AND GENERAL CULTURES. THESE FACTORS INFLUENCE DIFFERENTLY ON HOW A PROJECT MANAGER ACCOMPLISHES ITS GOALS. THE SOCIAL ENVIRONMENT IN EACH COUNTRY IS UNIQUE AND AS THE BUSINESS BECOMES INTERNATIONAL, MANAGEMENT HAS TO UNDERSTAND THESE UNIQUE ENVIRONMENTS IN ORDER TO PLAN FOR THE FUTURE AND DESIGN PRODUCTS FOR A PARTICULAR GROUP OF PEOPLE. 2. ECONOMIC AND POLITICAL: IT INCLUDES THE ESSENTIAL FACTORS SUCH AS COMPETITORS, SUPPLIERS AND CUSTOMERS. PROJECT MANAGEMENT MUST STUDY THE ECONOMY AND POLITICAL ENVIRONMENT FOR A CONTINUAL AND DYNAMIC RELATIONSHIP. BY STUDYING THE COMPANIES, SUPPLIERS, COMPETITORS, CUSTOMERS AND CURRENT POLITICAL FACTORS, THE MANAGEMENT IS CAPABLE OF MAKING EFFECTIVE MANAGERIAL DECISIONS. THUS THE PRODUCTS DESIGNED UNDER THIS POSSES PLACE, FORM AND TIME UTILITY TO SUCCEED IN THE MARKET PLACE. 3. TECHNOLOGY: TECHNOLOGY HAS THE MOST DRAMATIC EFFECT ON PROJECT MANAGEMENT AS ANY CHANGE IN THIS EXTERNAL ENVIRONMENT IS OFTEN QUICKLY FELT BY FIRM. AS THE MARKET CAN CHANGE OVERNIGHT THE PROJECT MANAGEMENT SHOULD BE IN A POSITION TO MAKE DECISIONS THAT WILL PUT THE COMPANY IN A FLEXIBLE POSITION TO ADAPT WITH THE TECHNOLOGICAL CHANGES. INTERNAL FACTORS: INTERNAL FACTORS OR ENVIRONMENT OF A BUSINESS CONSISTS OF THE ORGANIZATIONAL RESOURCES AVAILABLE TO COMPLETE ITS GOALS. THESE ARE HUMAN, TECHNOLOGICAL, FINANCIAL AND PHYSICAL RESOURCES. THE TASK OF MANAGEMENT IS TO ACQUIRE THESE RESOURCES AND MAKE EFFICIENT AND EFFECTIVE UTILIZATION WITHIN AN ORGANIZATION. IN THIS TASK THE MANAGEMENT OF A PROJECT IS IN COMPETITION WITH ALL OTHER BUSINESSES IN THE LIFE. ORGANIZATIONAL RESOURCES ARE THEREFORE SCARCE AND MANAGEMENT SUCCESS DEPENDS ON HOW WELL THESE RESOURCES ARE BOTH ACQUIRED AND UTILIZED. 1. GLOBALIZATION: THE FIRST FACTOR IS GLOBALIZATION WHICH TENDS TO BRING CLOSE PEOPLE FROM AROUND THE WORLD AND AS A RESULT INCREASING THE POSSIBILITIES OF PERSONAL EXCHANGE, MUTUAL UNDERSTANDING AND FRIENDSHIP. GLOBALIZATION IS AN IMPORTANT FACTOR FOR SUCCESS, GROWTH AND SURVIVAL OF A BUSINESS IN THE WORLD MARKET. THE GLOBAL NETWORKING ALLOWS NEW IDEAS AND PLANNING MEANT TO CAPTURE THE GLOBAL MARKET. 2. TECHNOLOGY: IT IS THE SECOND ASPECT AND REFERS TO TECHNIQUES WHICH MAKE OPERATIONS EASIER. INNOVATION INVOLVES RESEARCH AND DEVELOPMENT EFFORTS TO CREATE A NEW AND IMPROVED TECHNOLOGY. 3. ETHICS: THE FINAL FACTOR AFFECTING PROJECT MANAGEMENT IS ETHICS WHICH IS DESCRIBED AS A SET OF PRINCIPLES OF RIGHT CONDUCT. P2: APPRAISE THE VIABILITY OF PROJECTS AND DEVELOP SUCCESS/FAILURE CRITERIA. A: DEVELOP SUCCESS AND FAILURE CRITERIA FOR PROJECT IN TERMS OF TIME, COST AND PERFORMANCE ANALYSIS. DR MARTIN BARNES (UK) FIRST DESCRIBED THE  ¿Ã‚ ½IRON TRIANGLE ¿Ã‚ ½ OF TIME, COST AND SCOPE (SOMETIMES QUALITY) IN A COURSE HE DEVELOPED IN 1969. THE PROJECT MANAGEMENT TRIANGLE CAN BE USED BY MANAGERS TO HELP UNDERSTAND THE DIFFICULTIES OF IMPLEMENTING CHANGE AND THE COMPLEXITIES OF PROJECT MANAGEMENT. ALL PROJECTS HAVE CERTAIN CONSTRAINTS, THOSE THINGS THAT RESTRICT THE DECISIONS THAT CAN BE MADE  ¿Ã‚ ½ FOR EXAMPLE, MOST PROJECTS HAVE A COST CONSTRAINT AS THERE WILL ONLY BE A CERTAIN BUDGET AVAILABLE TO THE PROJECT. A PROJECT MANAGER MUST WORK OUT HOW TO DELIVER A PROJECT WITH A GIVEN SET OF CONSTRAINTS. ONE APPROACH IS THAT OF THE PROJECT MANAGEMENT TRIANGLE, WHICH IDENTIFIES THREE CONSTRAINTS THAT WILL APPLY TO ALL PROJECTS AND THAT AFFECT EACH OTHER; TIGHTENING ONE CONSTRAINT WILL ALLOW SOME FLEXIBILITY IN THE OTHERS AND FLEXIBILITY IN ONE AREA WILL AFFECT THE OTHERS. THE THREE CONSTRAINTS IN THE PROJECT MANAGEMENT TRIANGLE ARE TIME, COST AND SCOPE (SOMETIMES QUALITY). AN UNDERSTANDING OF THE CONSTRAINTS IN THE PROJECT MANAGEMENT TRIANGLE (COST, TIME AND SCOPE) CAN HELP ALL MANAGERS TO IMPLEMENT CHANGE IN BUSINESS. TIME CONSTRAINT (SCHEDULE) TIME IS THE MOST DIFFICULT CONSTRAINT TO CONTROL IN A PROJECT AS DEADLINES ARE USUALLY ENSURE EFFICIENT WORKING AND OFTEN THE REQUIRED RESOURCES ARE NOT AVAILABLE WHEN NEEDED .ALL THE ACTIVITIES IN A PROJECT TAKE TIME AND EACH ACTIVITY CAN TAKE A SHORTER OR LONGER AMOUNT OF TIME DEPENDING ON FACTORS SUCH AS THE EXPERIENCE OF THE PERSONNEL COMPLETING THE TASK, THE NUMBER OF PEOPLE WORKING ON THE TASK AND THE AVAILABILITY OF WORKERS AT THE GIVEN TIME PERIOD. COST CONSTRAINT ALL PROJECTS HAVE FINITE RESOURCES AVAILABLE THAT ARE MEASURED IN TERMS OF COST. THERE IS A LIMITED BUDGET AND THE PROJECT MANAGER MUST PLAN HOW TO SPEND THE BUDGET ON THE RESOURCES NEEDED TO COMPLETE THE PROJECT. REDUCING THE COST OF A PROJECT WILL HAVE AN EFFECT ON THE TIME THE PROJECT WILL TAKE AND CHANGING THE TIME AVAILABLE TO A PROJECT WILL IMPACT THE COST OF THE PROJECT. PROJECT SCOPE CONSTRAINT THE SCOPE DEFINES THE EXPECTED DELIVERABLES BY THE PROJECT. THE PROJECT MANAGER HAS TO MANAGE THE SCOPE OF A PROJECT AS ANY CHANGE IN SCOPE WILL IMPACT BOTH COST AND TIME. IF MORE ITEMS ARE ADDED TO THE SCOPE THEN BOTH TIME AND COST MAY INCREASE, AND EVEN A SUBTLE CHANGE TO THE SCOPE CAN HAVE NOTICEABLE IMPACTS, BECAUSE OF WHICH CHANGE CONTROL IS VITAL TO PROJECT SUCCESS. PROJECT QUALITY AT TIMES THE PROJECT MANAGEMENT TRIANGLE IS DESCRIBED WITH THE THREE CONSTRAINTS TIME, COST AND QUALITY RATHER THAN SCOPE, AS HIGHER QUALITY IN A PROJECT CAN EASILY LEAD TO A HIGHER COST AND SOMETIMES MORE TIME. HOWEVER, QUALITY CAN ALSO BE PART OF THE SCOPE OF A PROJECT; AS WELL DEFINED DELIVERABLES WILL INCLUDE A STATEMENT REGARDING THE DESIRED QUALITY. B: BRIEFLY EXPLAIN DIMENSIONS OF PROJECT SUCCESS TO BE SUCCESSFUL A PROJECT MUST: * DELIVER THE OUTCOMES AND BENEFITS REQUIRED BY ORGANIZATION, ITS DELIVERY PARTNERS AND OTHER STAKEHOLDER ORGANIZATIONS * CREATE AND IMPLEMENT DELIVERABLES THAT MEET THE AGREED REQUIREMENTS * MEET THE TIME TARGETS * STAY WITHIN THE FINANCIAL BUDGETS * INVOLVE ALL RIGHT PEOPLE * MAKE BEST USE OF RESOURCES IN THE ORGANIZATION * TAKE ACCOUNT OF CHANGES IN THE WAY THE ORGANIZATION OPERATES * MANAGE ANY RISKS THAT COULD JEOPARDIZE THE SUCCESS * TAKE INTO ACCOUNT THE NEEDS OF STAFF AND OTHER STAKEHOLDERS WHO WILL BE AFFECTED BY THE CHANGES BROUGHT IN BY THE PROJECT. P3: UNDERSTAND THE PRINCIPLES BEHIND PROJECT MANAGEMENT AND SYSTEM PROCEDURES: A: DISCUSS PROJECT INFORMATION SUPPORT SYSTEM THE PROJECT INFORMATION SUPPORT SYSTEM IS USED IN COMPANIES FOR INFORMATIONAL SUPPORT OF PROJECTS AND IN PROJECT PREPARATION AND HANDLING. THE PURPOSE IS TO PROVIDE A HIGH QUALITY PRODUCT, INCREASE THE EFFICIENCY OF WORK AND PROJECT MANAGEMENT IN THE COMPANY. THE SYSTEM ENSURES: * REGISTRATION AND FULL DOCUMENTING OF COMPANY ¿Ã‚ ½S PROJECTS * EFFECTIVE MANAGEMENT AND CONTROL OF PROJECT IMPLEMENTATION * EXCHANGE OF PROJECT INFORMATION AMONGST ALL PROJECT PARTICIPANTS * EXCHANGE OF INFORMATION REGARDING THE TECHNOLOGIES BEING DEVELOPED IN THE COMPANY * FOLLOW-UP OF PROJECT ORGANIZATION DOCUMENTATION AT ALL STAGES BOTH FROM THE POINT OF VIEW OF DEVELOPMENT OF ITS CONTENTS, AND FROM THE POINT OF VIEW OF WORK ORGANIZATION AND EFFECTIVENESS OF PERSONNEL USE. * POSSIBILITY OF CREATION AND STORAGE OF DOCUMENTATION FOR QUALITY SYSTEM. * INTERACTION BETWEEN PROJECT MANAGER AND THE CUSTOMER, SUBCONTRACTORS, COMPANY MANAGEMENT AND CO-WORKERS WORKING ON THE PROJECT INSIDE THE COMPANY. * NOTIFICATION OF CO-WORKERS AND PROJECT MANAGER ABOUT THE TASKS RECEIVED. * CONTROL OF DOCUMENT IMPLEMENTATION, AGREEMENT AND APPROVAL CYCLES FOR PROJECT DOCUMENTS. * STRUCTURING OF INFORMATION BY PROJECT DOCUMENTATION. * DOCUMENT SYSTEMATIZATION TAKES PLACE ON THE FOLLOWING BASIS: > ACCORDING TO MONTHS AND WEEKS > SEPARATION OF NEW DOCUMENTATION DEVELOPED DURING LAST MONTH AND LAST WEEK > STORAGE OF INFORMATION ON FROZEN AND ACCOMPLISHED PROJECTS IN DYNAMICAL ARCHIVE, POSSIBILITY TO LOOK THROUGH THIS DOCUMENTATION, CHANGE PROJECT STATUS AND TRANSFER ALL INFORMATION ON PROJECT FROM DYNAMICAL ARCHIVE TO THE BASE OF PERSPECTIVE AND ACTIVE PROJECTS. * DIFFERENT VARIANTS OF ACCESS RESTRICTION TO PROJECT DOCUMENTATION FOR COMPANY CO-WORKERS. * THE SYSTEM IS IMPLEMENTED ON THE BASIS OF CLIENT-SERVER PLATFORM. THIS PLATFORM ALLOWS ORGANIZING JOINT USE OF INFORMATION BY ALL EMPLOYEES, TO ENSURE THE APPROPRIATE LEVEL OF INFORMATION SAFETY AND TO PROVIDE SUPPORT FOR STANDARD PROCESSES OF DOCUMENT MANAGEMENT. B: DISCUSS AND GIVE EXAMPLES HOW HUMAN AND MATERIAL RESOURCES CAN BE INTEGRATED TO ACHIEVE SUCCESSFUL PROJECTS. FOR A SUCCESSFUL PROJECT COMPLETION, PROJECT MANAGEMENT PRINCIPLES ARE ADOPTED WHICH ARE MOSTLY LEARNED FROM EXPERIENCE, AND THEY ARE UNIVERSALLY VALID FOR ¿Ã‚ ½ALL ¿Ã‚ ½PROJECTS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ PRINCIPLE BASED PROJECT MANAGEMENT BEGINS WITH THESE PRINCIPLES: * RULE 1- FIND OUT WHAT BUSINESS YOU ARE IN, AND THEN MIND YOUR OWN BUSINESS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½Ã‚ ¿Ã‚ ½BE SURE YOUR BUSINESS IS VIABLE. ¿Ã‚ ½SELECT PROJECTS THAT ARE GOOD FOR YOUR BUSINESS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½UNDERSTAND THE BUSINESS VALUE IN YOUR PROJECT AND LOOK FOR CHANGES. ¿Ã‚ ½Ã‚ ¿Ã‚ ½LEARN AND APPLY BEST PRACTICES IN YOUR CHOSEN BUSINESS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½DEFINE WHAT IS INSIDE AND OUTSIDE YOUR AREA OF RESPONSIBILITY. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ * RULE2 UNDERSTAND THE CUSTOMER ¿Ã‚ ½S REQUIREMENTS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½THOROUGHLY UNDERSTAND AND DOCUMENT CUSTOMER ¿Ã‚ ½S REQUIREMENTS, OBTAIN CUSTOMER AGREEMENT, AND PUT REQUIREMENTS DOCUMENTS UNDER VERSION IDENTIFICATION AND CHANGE CONTROL. ¿Ã‚ ½ * RULE 3 PREPARE A ¿Ã‚ ½REASONABLE ¿Ã‚ ½PLAN. ¿Ã‚ ½Ã‚ ¿Ã‚ ½PREPARE A ¿Ã‚ ½PLAN ¿Ã‚ ½THAT DEFINES THE SCOPE, SCHEDULE, COST, AND APPROACH FOR A REASONABLE PROJECT. ¿Ã‚ ½Ã‚ ¿Ã‚ ½INVOLVE TASK OWNERS IN DEVELOPING PLANS AND ESTIMATES, TO ENSURE FEASIBILITY. ¿Ã‚ ½USE A WORK BREAKDOWN STRUCTURE TO PROVIDE COHERENCE AND COMPLETENESS TO MINIMIZE UNPLANNED WORK. * RULE 4 BUILD A TEAM WITH CLEAR OWNERSHIP. ¿Ã‚ ½Ã‚ ¿Ã‚ ½GET GOOD AND TRUSTWORTHY PEOPLE. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ESTABLISH CLEAR OWNERSHIP ¿Ã‚ ½OF WELL-DEFINED TASKS; ENSURE THEY HAVE TOOLS AND TRAINING NEEDED; AND PROVIDE TIMELY FEEDBACK. * RULE 5 TRACK PROJECT STATUS- TRACK ¿Ã‚ ½PROGRESS ¿Ã‚ ½AND CARRYOUT FREQUENT REVIEWS. ¿Ã‚ ½CONDUCT METHODICAL REVIEWS TO HELP MANAGE CUSTOMER EXPECTATIONS, IMPROVE QUALITY, AND IDENTIFY PROBLEMS BEFORE THEY GET OUT OF HAND. ¿Ã‚ ½Ã‚ ¿Ã‚ ½Ã‚ ¿Ã‚ ½ * RULE 6 USE BASELINE CONTROLS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ESTABLISH BASELINES FOR THE ¿Ã‚ ½PRODUCT ¿Ã‚ ½USING ¿Ã‚ ½CONFIGURATION MANAGEMENT ¿Ã‚ ½AND FOR THE ¿Ã‚ ½PROJECT ¿Ã‚ ½USING COST AND SCHEDULE BASELINE TRACKING. ¿Ã‚ ½Ã‚ ¿Ã‚ ½MANAGE CHANGES DELIBERATELY. ¿Ã‚ ½Ã‚ ¿Ã‚ ½USE MEASUREMENTS TO BASELINE PROBLEM AREAS AND THEN TRACK PROGRESS QUANTITATIVELY TOWARDS SOLUTIONS. ¿Ã‚ ½ * RULE 7 WRITE IMPORTANT STUFF DOWN, SHARE IT, AND SAVE IT. ¿Ã‚ ½Ã‚ ¿Ã‚ ½WRITE DOWN REQUIREMENTS, PLANS, PROCEDURES, AND EVOLVING DESIGNS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½DOCUMENTING ALLOWS THEM TO EVOLVE AND IMPROVE. ¿Ã‚ ½Ã‚ ¿Ã‚ ½IT IS IMPOSSIBLE TO HAVE BASELINE CONTROLS, RELIABLE COMMUNICATIONS, OR A REPEATABLE PROCESS WITHOUT DOCUMENTATION. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ * RULE 8 IF IT HASNT BEEN TESTED, IT DOESNT WORK. ¿Ã‚ ½ DEVELOP TEST CASES EARLY TO HELP UNDERSTAND AND VERIFY REQUIREMENTS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½USE EARLY TESTING TO VERIFY CRITICAL ITEMS AND REDUCE TECHNICAL RISKS. ¿Ã‚ ½ * RULE 9 ENSURE CUSTOMER SATISFACTION. ¿Ã‚ ½Ã‚ ¿Ã‚ ½KEEP THE CUSTOMERS REAL NEEDS AND REQUIREMENTS IN VIEW. ¿Ã‚ ½ * RULE 10 BE RELENTLESSLY PROACTIVE. ¿Ã‚ ½Ã‚ ¿Ã‚ ½TAKE INITIATIVE AND BE RELENTLESSLY PROACTIVE IN APPLYING THE PRINCIPLES AND IDENTIFY AND SOLVE PROBLEMS AS THEY ARISE. ¿Ã‚ ½Ã‚ ¿Ã‚ ½PERIODICALLY ADDRESS AND CONFRONT PROJECT RISKS. ¿Ã‚ ½Ã‚ ¿Ã‚ ½ATTACK PROBLEMS, AND LEAVE NO STONE UNTURNED. ¿Ã‚ ½Ã‚ ¿Ã‚ ½Ã‚ ¿Ã‚ ½ P4: IDENTIFY THE KEY ELEMENTS INVOLVED IN TERMINATING PROJECTS AND CONDUCTING POST-PROJECT APPRAISALS. CLOSURE MAY OCCUR AS PLANNED AT THE END OF THE PROJECT OR EARLY IF THE NEED OR JUSTIFICATION FOR THE PROJECT NO LONGER EXISTS. THE STEPS BELOW APPLY PRIMARILY TO NORMAL TERMINATION. THE BUSINESS CASE SHOULD BE HANDED OVER TO WHOEVER IS GOING TO TAKE LONG TERM RESPONSIBILITY FOR DELIVERING THE DESIRED BENEFITS. TOWARDS THE END OF THE PROJECT THE PROJECT MANAGER PERFORM AN EVALUATION OF THE PROJECT AGAINST THE PROJECT INITIATION DOCUMENT AND REPORT TO THE PROJECT BOARD SO THAT IT MAY FORMALLY CLOSE THE PROJECT, PERHAPS AT A CLOSURE MEETING. THE CHECKLIST BELOW WILL HELP THE SRO/PROJECT BOARD ASSURE ITSELF THAT THE PROJECT CAN BE CLOSED DOWN: PROJECT CLOSURE CHECKLIST * IS THE WORK OF THE PROJECT COMPLETE AS MEASURED AGAINST ANY SUBSEQUENT AGREED CHANGES? * HAVE ALL PROJECT DELIVERABLES BEEN CREATED, QUALITY CONTROLLED, ACCEPTED AND HANDED OVER TO THOSE WHO WILL OPERATE AND MAINTAIN THEM? * HAS INFORMATION ABOUT KNOWN ERRORS CONVEYED TO THOSE WHO WILL USE/OPERATE/MAINTAIN THE DELIVERABLES? * HAS RESPONSIBILITY FOR ONGOING OPERATION, MAINTENANCE AND TRAINING OF THE DELIVERABLES BEEN ACCEPTED BY APPROPRIATE PARTS OF THE ORGANIZATION? * HAVE THOSE WHO PROVIDED RESOURCES BEEN INFORMED OF ENDING PROJECT CLOSURE? * HAVE ALL OUTSTANDING REQUESTS FOR CHANGE BEEN PASSED TO APPROPRIATE OWNERS? * HAVE ALL RISKS BEEN COMMUNICATED TO AN APPROPRIATE OWNER IN THE ORGANIZATION? * HAS INFORMATION ABOUT ANY ERRORS IN THE DELIVERABLES BEEN COMMUNICATED TO THOSE WHO WILL OPERATE AND MAINTAIN RESPONSIBILITIES? * IS A PLAN IN PLACE FOR A POST IMPLEMENTATION REVIEW TO MEASURE THE ACTUAL ACHIEVEMENT OF BENEFITS AFTER THE PROJECT (TERMS OF REFERENCE, TIMING AND RESPONSIBILITIES)? * HAVE LESSONS LEARNED BEEN RECORDED AND DISSEMINATED TO INTERESTED PARTIES? * HAS PROJECT MANAGEMENT DOCUMENTATION BEEN FILED FOR FUTURE REFERENCE? YOU MAY RUN LESSONS LEARNT WORKSHOP SO THAT YOU AND OTHERS CAN BENEFIT FROM YOUR EXPERIENCE OF WHAT WENT WELL AND WHAT COULD HAVE BEEN DONE IN A BETTER WAY. ONCE THE PROJECT BOARD HAS CONFIRMED CLOSURE, THE PROJECT TEAM IS DISBANDED AND THE PROJECT ROLES AND RESPONSIBILITIES NO LONGER EXIST. NO COSTS OR OTHER RESOURCES SHOULD GET CHARGED AGAINST A CLOSED PROJECT. MUAZZAM ALI BADSHA PROJECT MANAGEMENT 2ND SEMESTER CONFED SCHOOL FOR PROFESSIONAL STUDIES Page | 1

How Can Children At Risk Be Helped Young People Essay

How Can Children At Risk Be Helped Young People Essay In this paper we will be highlighting the major areas of children at high risk, the causes behind and the effect on their lives {as derived from child theology}. Our focus of attention will be the role and responsibilities of church and different organisations working for the rehabilitation as well as reaching out to them with the Gospel. CHILD THEOLOGY: SOME BASIC ASSUMPTIONS Child Theology encompasses all children irrespective of their identity, since our God is impartial. The basic purpose of child theology is to see the pressing needs of children, their potential and to take purpose driven action on their behalf.3à ¢Ã‚ Ã‚   What are Children to God? Or in child theology? Children are the most numerous and needy people we find on the earth. They are most needy people as they are small, weak, dependant, most vulnerable and powerless. Children are the blessing of God to the families. God could have easily created prototype of Adam and Eve, instead He told them to multiply (Gen.1:28). Secondly we also see that they are created in Gods image like any other individuals thus reflecting the nature and character of God (Gen.1:26). Though children are created in Gods image they, among all other human beings are also imperfect because of Fall and therefore needs to be redeemed.1 It is important to note that apart from physical healing they are also in dire need of spiritual healing which is often overlooked. Thirdly it is very much evident all through the scripture that they are the focus of God and His Kingdom. In the sight of God children are very special. But God cares for them and they are the focus of His Mission. Dr. Dan Brester says that, they are both key to Great Commission and an expression of Great Commandment.2 DIFFERENT AREAS WHERE CHILDREN ARE AT HIGH RISK Street Children: These children are the once who are on their own deprived of basic necessities of childhood, thus trying to survive by living and working in a particular environment. They are categorised as Children who live and work on street during day but return home at night, other group who find food, shelter and friends in the street. They are called children of the street. And the third category includes the abandoned ones, completely on their own for material and psychological support, so they are termed as children in the street.4à ¢Ã‚ Ã‚   Kind of work they do: salvaging recyclables from waste, selling things on road junctions, polish shoes, collect alms, scavenge food from the market, pick pocketing, theft etc. Problems they go through: They are neglected, abused by any and every kind of people passing by. Lack of roof over their heads leaves them only to be exploited sexually,abused and tortured physically. These children are deprived of proper food, education,and medical aid. They are at high risk of both physical as well as psychological problems since they are homeless and are left unattended if they suffer any health hazards. Many children are open to the dangers of addiction of tobacco, alchohol and all kinds of drug abuse.5 à ¢Ã‚ Ã‚   Sexually abused Children/ Child Prostitution There is considerable amount of increase in the sexually abused children in India during last few years. Children are dehumanized, demeaned and are reduced to mere comodities for sale and purchase just to satisfy the need of ruthless and inhuman sexually immature individuals. These children are deprived of their childhood. Prostitution has become a very profitable trade in which million of children are involved specifically girl child. Child pornography has alarmingly increased in our country, so also incest rarely coming to light but very common in our society. The agony they go through: Apart from being sexually abused they also go through physical torture- beaten up, burnt, deprived of good food. They are kept in small cells or in very small and crowded rooms in unhygenic conditions getting very less light and air. Sometimes they are forced to take drugs to subside hunger and pain. Reasons: Among many other, povery is the basic reason worldwide. In India we find parents selling child to gain financial aid. Children of sex worker are forced into prostitution. Sometimes parents sexually abuse their children and so they find them ready for sex a good reason to earn money.à ¢Ã‚ Ã‚  Ãƒ ¢Ã‚ Ã‚  Ãƒ ¢Ã‚ Ã‚  6à ¢Ã‚ Ã‚   Effect: Looses childhood and dignity, no future, physical as well as psychological disorder. Psychologically they are depressed, post traumatic stress as disorder, anxiety, psychopathy in later life, poor self esteem, develop self destructive behaviour such as crime in adulthood and suicide. We also find they turn out to be anti-socials. Phisically they are infected with sexually transmitted deseases. Children effected by Drugs and Alchohol: Children who are not able to take out their anger indulge in taking drugs. Reason behind children addicted to drug are divorse of parents, family violence, lack of love and support, not being heard of and it is also because of peer presure. In some cases they pick up this habit from their parents. Effects: It effects all areas of life such as emotional, psychological, spiritual as well as social and physically. they suffer loss of health.7à ¢Ã‚ Ã‚  Ãƒ ¢Ã‚ Ã‚   Child Labour: In India 14.4% of children between 10-14 years of age are employed in child labour. It is effecting our society all over the world. They basically work in carpet factories, glass blowing units and firework factories. There are around 20 million child labourers in the country. Causes: To alivate poverty families force them into it. According to Prof. Gangrade, child labour is caused by differeà ¢Ã‚ Ã‚  nt factors eg. Social tradition, customs, and dearth of schools or parental reluctance to send children to school, industrialization, urbanization and also migration. Effects: They are mal nourished, deprived of education, viewed as wage earner. It is hazardous to childs developmental needs both mental and physical. They are also effected socially and psychologically.8à ¢Ã‚ Ã‚  Ãƒ ¢Ã‚ Ã‚  Ãƒ ¢Ã‚ Ã‚  Ã‚   SOME OF THE ORGANIZATIONS THAT ARE WORKING FOR THE CHILDREN WHO ARE AT RISK ARE: 1) VIVA NETWORK: This organization works among the children and do investment for their future in order to break the pattern of poverty and love, equip and support them. They are also helping them to make them free from depression, exploitation and abuse. And for this they engage themselves with mobilizing churches, communities and individuals to play their part in changing the lives of vulnerable children. 2) WORLD VISION INDIA: A Christian humanitarian organization working to create lasting changes in the lives of children, families and communities living in poverty and injustice. They focus on building the community around children so that they have the opportunity to reach for a better future. 3) UNICEF: In India it is working since 1949 and known to be the driving force that builds a world where the rights of every child are realized. The purpose is to overcome the obstacles that poverty, violence, diseases and discrimination place in childs path. 4) CEF: An international Christian organization seeks to evangelize and disciple children around the world. They target 10 million children worldwide to hear the good news. One of their main ministries is to do with children of prisoners because children of prisoners have 70% chance if going to prison when they grow up. 5) DIVYA SHANTI CHRISTIAN ORGANIZATION: Working since 1967 in Bangalore. They search children at market, railway station where the abused and runaway children take refuge. Their ministry is done by a night mobile clinic which is run by a staffed nurse and social worker who addressed the needs of children. 6) CRIN: They envision a world in which every child enjoys all human rights promised by United Nations, Regional Organizations and National Government. They also believe that children have the right to participate and express themselves freely and openly in all maters affecting them. These are some of the organizations but there are so many NGO, as well as the secular organizations which are working for the children. Now these days we also see lot of books on this subject, lot of work has been done but lots have to be done in order to accomplish the need of the children. OUR MISSION APPROACH Today lot of churches as well as our government has worked for the upliftment of the children who are at risk. Many churches have come forward to help children in terms of finance, material, and medical facilities and had helped them to get status in the society. Government had also started schemes for children like providing them mid day meals, free education as well as learning institutions where children are equipped to do tailoring, handicraft work from which they can learn and earn also. But apart from physical healing we need to reach out to them trough the Gospel which will bring spiritual healing. Evangelism to children is a special ministry of the church. There are various ways which church adapt to bring the Good News to children. For example through strory telling, visual aids such as flat pictures, graphics, projected materials, video-tape, Puppet show, music etc. Therefore being a theologian student lets stand in the gap for the children at risk and be sensitive about their needs serving and uplifting them in whatever capacity we can, so that they will become responsible leaders to serve the nation in future.

MacBeth :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Macbeth by William Shakespeare has three characters that appear to be the best developed. The first is Macbeth, the main character of the story. The second most developed character is Lady Macbeth, Macbeth’s wife. The third most well developed is Banquo, Macbeth’s friend. Banquo and Lady Macbeth play very important roles in Macbeth’s life.   Ã‚  Ã‚  Ã‚  Ã‚  Macbeth is plagued with paranoia and a thirst for power. Macbeth fears that Banquo has discovered his unclean hands and he will turn him in. â€Å"Our fears in Banquo stick deep, and in his royalty of nature reigns that which would be feared. ‘Tis he much dares†¦Ã¢â‚¬  (III, 3, 53-56) Macbeth knows that he could wipe out Banquo on his own, however he knows there would be obvious consequences for him. â€Å"And though I could with barefaced power sweep him from my sit and bid my will avouch it, yet I must not, for certain friends that are both his and mine†¦Ã¢â‚¬  (III, 1, 134-137) In order for Macbeth to wipe out Banquo without suspicion, he schemes to have other men take care of the matter by convincing them that Banquo is at the heart of their problems. â€Å"Know that it was he, in times past, which held you so under fortune, which you thought had been our innocent self.† (III, 1, 84-86) Macbeth’s desire for power is his downfa ll.   Ã‚  Ã‚  Ã‚  Ã‚  The development of all three characters stems from the prophecies of the Weird Sisters about Macbeth and Banquo. Macbeth feels the need to murder Banquo because of his knowledge of the witches and their prophecies. â€Å"Were such things here that we do speak about? Or have we eaten on the insane root that takes the reason prisoner† (I, 3, 86-88) As a result of the prophecies Banquo suspects Macbeth of murdering the king in order to take his place. â€Å"Thou hast it now King, Cawdor, Glamis, all as the weird women promised, and fear thou play’st most foully for’t† (III, 1, 1-3) Banquo believes that his children and not Macbeth’s will be successors to the throne; the thought of this moves Macbeth to murder. â€Å"But that I myself should be the root an father of many kings†¦May they not be my oracles as well† (III, 1, 5-9) Banquo’s death is a result of his knowledge.   Ã‚  Ã‚  Ã‚  Ã‚  Lady Macbeth is the rock for Macbeth. During Macbeth’s times of trouble she is the one to console him. â€Å"How now, my lord, why do you keep alone, of sorriest fancies your companions making, using those thoughts which should indeed have died with them they think on?