3.HoldingOlympic games in a different city every four years is not a Essay

3.HoldingOlympic games in a different city every four years is not a waste of a countrys resources - Essay Example ver, quite a lot of times, the host cities have had to bear cost overruns, management issues, and problems pertaining to underused venues and displaced citizens. The impact of the Olympic Games on any host city is enormous including their urban communities, slum dwellers, and infrastructure, to name a few. Scholars such as John R. Short have criticized the hosting of the Olympic Games in several different cities after every four years. Short, in particular, has suggested the development of a single permanent host city that could function as an international city state operated solely for the purpose of holding Olympic Games (336). Going beyond just being an internationalized event, the Olympic Games are important for harboring cooperation and building strong relationship among states that may not otherwise be able to interact on global platforms. Since it allows many different states to come together on a large sporting event rather than a battlefield, the Olympic Games are a constru ctive investment for building mutual cooperation than being a waste of resources. The hosting of the Olympic Games is often followed by increased development in that city or state. While the costs may often be underestimated thereby leading to cost overruns, they do, in fact, help cities progress and transform in their structure and level of development. As such, I do not believe it is a waste of resources but rather a productive allocation of resources to build a nation. The Olympic Games have helped turn up the image of several countries and have channeled increased development in many others. Barcelona in Spain is one example of how its waterfront area transformed from being an average industrial spot to a scenic locality. In their article, Garcia-Ramon and Albet have described the marked changes which occurred in the city during the pre-Olympic and post-Olympic periods. Its stunning architecture was one aspect which saw a dramatic change including the building of bridges like the

The Good, the Bad, and Your Business Essay Example | Topics and Well Written Essays - 3250 words

The Good, the Bad, and Your Business - Essay Example The pressure to make the correct business decisions is often unbearable to many managers. Indecision, anxiety, or a misstep can bring the company to its knees in today's highly competitive economy. While ethical dilemmas remain unsolved, employee morale can plummet, productivity can drop off, business competitors can take a large proportion of your profits, and dissatisfied customers can free (Seglin, 1999). This is bad news for business managers. It is on this premise that Jeffrey L. Seglin wrote the book, The Good, the Bad, and Your Business to give business managers some useful insights on how to conduct their businesses more efficiently and navigate through their everyday moral business dilemmas. Business mistakes can put a decent professional in serious ethical troubles. This essay attempts to answer some ethical considerations and questions using the above named book. The four point's test, otherwise called the CEO test is credited to Norman Augustine, a former Chief Executive Officer of Lockheed Martin (Maslanka, 2008). In his contribution, Augustine asked business managers to reckon four questions whenever they were faced with an ethical dilemma. First, a manager should ask if the ethical dilemma is legal to avoid getting engaged in illegal activities that could further dent the image of the company. Secondly, the manager should spend time pondering about the fairness of the ethical dilemma if it was personally meted on him or her instead of the employees. If the ethical dilemma was splashed in the front page of the local newspaper, would the manager feel contented Finally, the manager should ask himself if he would feel satisfied if her mother saw him implement the ethical dilemma. If the manager answers to the affirmative in all the above questions, then the decisions he makes on the dilemma are ethical (Seglin, 2007). Q2: Comparing and contrasting the Four-point e test with the twelve-point test. The twelve-point test offers a more pragmatic framework for most mangers in dealing with ethical issues and dilemmas. First, a manager must ask himself if he has defined the problem accurately. Secondly, the manager must ask himself how he would have viewed the dilemma if he was an employee. Further, the manager must dig into how the problem occurred in the first place and who was involved in the situation in the first place. After evaluating the above, the manager should then stop to ponder what his intentions are in making the decision that he wants to make and how will the intentions compare with likely results. Afterwards, the manager must evaluate the consequences of his decisions. The eighth question, which is the most crucial question, is whether the manager can engage the affected party in discussing the problem before making a final judgment. Afterwards, the manager should stop to ponder about the longevity of the decision he makes. Will it appear valid over a long period of time as it appears now Another crucial question for the manager is whether he could disclose the decisions that he has made to his boss, CEO, board of directors, the society, and family members without any misgivings. The manager should also consider the symbolic potential of the action he is about to take. Finally, the mana

Disclosure Laws in Real Estate, California Vs. Illinois Essay

Disclosure Laws in Real Estate, California Vs. Illinois - Essay Example The essay "Disclosure Laws in Real Estate, California Vs. Illinois" discusses the disclosure laws in California and Illinois residential real estate. They are not completely different, but they do have some distinct aspects. Both states require forms to be filled out. However, the liability completely falls on the shoulders of the seller in California, while in Illinois the liability for the property is not completely the seller’s responsibility. This is not altogether uncommon from Illinois residential property law, which also applies to the same amount of dwelling units. Additionally, within the disclosure forms of each state, any defects in the properties must be duly noted. This is confirmed by Galaty et. al. in the book Modern Real Estate Practice in Illinois.In law, liability is a serious issue. Liability is basically one’s financial and legal responsibility towards an issue - in this case, for the property. One’s financial liability with regards to propert y includes the fact that the person not only pays their property taxes on time but also pays all of the utilities. Additionally, financial liability with regard to any sort of property includes the fact that there must be a liability with regard to property loss. This is especially problematic in California, where any kind of property loss could preclude a financial liability investigation of such a loss. Legal responsibility with regard to property includes the fact that one must be responsible for any acts which occur on the property.

Negative Impacts of Undemocratic Development Essay

Negative Impacts of Undemocratic Development - Essay Example These financial institutions include the WTO, the IMF and the World Bank. The World Bank’s mandate originally incorporated provision of long term loans for reconstruction which has been enhanced since the 1970’s to financing and supporting multimillion dollar infrastructure projects in developing countries. Being exclusively largest source of development finance in the world, the World Bank intends to provide loans for wide changes in infrastructure and economy, long-term development and poverty reduction and many other projects such as constructing dams, roads, extracting natural resources etc. The World Bank has a leading impact on the livelihoods of millions of people living in most part of the world in a way that the bank finances commercial projects of really low income countries which are unable to acquire commercial loans from any other source. It is even criticized for imposing neoliberal policies that are highly undemocratic on developing countries. This paper analyses the negative impacts of undemocratic policies of the World Bank on sustainable development of developing countries and argues the development strategy of the World Bank should be democratic enough to meet their developmental objectives effectively and efficiently. The World Bank has been playing dual but contradictory roles; one is of a political organization and second is that of a practical organization. On one hand, the World Bank must satisfy the demands of lending and borrowing governments, other international organizations, and private capital markets as a political organization. On the other hand as an action-oriented organization, it must be neutral and specialized in loans, development aid, and technical assistance. The World Bank's responsibilities to donor countries and private capital markets have induced it to acquire policies which prescribe that poverty is best relieved by the implementation of free-market policies (Weaver 2008). Developing nations attempt to increase their economic output (GDP) by involving themselves in and simultaneously competing with the worldwide economy. Such countries are financially insecure and undeveloped industries are disabled to participate in global competition as the so-called competitive free-market is inherently unfair and biased. Since developing nations determine their inability to make investment in growth-promoting policies by having lack of sufficient foreign currency reserves due to their expenditure of the reserves on imports and debt repayments. In order to facilitate economic growth and development, the developing nations may chose to borrow money from the World Bank to finance large development projects as such projects may help gain their development goals. The World Bank has important associations with corporations especially in United States, to contract them for these remunerative projects. By undertaking the projects, these corporations gain immense profits, but the poor countries have t o bear an additional debt burden. The borrowing countries even lose control over their primal natural resources and a huge part of revenue from these resources because of repatriation of profits abroad. Before granting loans and debt relief, the World Bank imposes several conditions on the recipient governments for the reform of various aspects such as their lack of transparency, far-flung corruption and undemocratic authorities. Nevertheless the World Bank is confronted

Life Function Essay Example for Free

Life Function Essay In many different types of health care settings there will be a chain of management and four major functions of management that will help the business flow smoothly in the right direction for the managed care of the patients that they will receive from the facility, and this structure will also allow the organization to grow as a team, and benefit the facility and the community at the same time in a cost effective way. This paper will identify the major functions, and how it applies to managing others, and it will also explain what the most important role for a health care manager and leader in the diversified health care industry. I will then give my opinion on what the most significant aspect related to health care management that I would like to gain by taking this course in my field of study. There are four major functions of management in a health care setting which are organizing, planning, controlling, leading and all managers on any type of level are responsible for following and achieving each function of management on a daily basis, and the first function of management that will be described is organizing. Organizing is a function of management that gives out job assignments and tasks, locating resources, make and coordinate the work for the people of the organization so that the plan can be implemented and followed through with. This function allows managers to dissect the inner side of the process and give input that will help form the nature of the facility, and the next function of management is planning. Planning is a function of management that goes through a process of making objectives for performance and deciding what steps should or should not be taken in order to achieve the goal of the employer and the employee at the same time. The manager’s job is to notice the accomplishment of the end work of the employee, make choices and decisions for the good of the company, and make a trail to be followed by other employees to steadily improve the goals of the organization, and the next function of management is controlling. Controlling is a function of management that focuses on work performance measurement, looking at the end results and seeing if it matches the objectives, and finally fixing any things that needs to be corrected before the final inspection of the finished product. A manager’s job in this function is to stay in direct contact with the employee’s throughout their work assignment, gather information and interpret performance reports, and the information is then used to plan constructive action and change. The last function of management to be discussed is leading. Leading is a function of management that focusses on exciting the enthusiasm of the employees so that they will work hard to succeed, and accomplish the tasks at hand. A manager’s job through this function is to continuously build commitments, encourage the activities of employee’s to help support the goals of the organization, and to influence the employee’s to do give their all and perform to the best of their ability on behalf of the organization which whom he or she works for, and all four of these functions of management help to run the organization on an everyday basis. Each of these four functions of management applies to managing employees within an organization through the structure each function provides in aiding to the development of the organization, the benefits of the employees, the structure and development of the facility, the service being provided and the community who all seek some type of service that this organization will provide. The most important role for a health care manger and leader in the diversified health care industry is to make sure the patient safety and health care needs are met, organize, plan, control, and lead the employees in their work responsibilities, and keep the company running effectively and comfortably for all people involved for the success of the organization. The most significant aspect related to health care management that I would like to gain by taking this course of study would be to learn the job of a health care professional, and a health care manager while being able to obtain clarity to each separate function and utilize both the experience and knowledge gained throughout my health care profession, and how to keep everyone involved an on track in the care of patients health within the organization. In conclusion the health care field has many steps it goes through on a daily basis so that the organization can function correctly and effectively. In this paper the four major functions of management have been identified, and applied to managing others in the industry, the most important role for a health care manager and leader in the diversified health care industry have been explained, and what the most significant aspect related to health care management that I want to gain in this course of study is.

Maintaining Project Management in the Built Environment

Maintaining Project Management in the Built Environment â€Å"The UKs construction industry has been enjoying a period of strong growth, with the infrastructure and the commercial construction sectors at the forefront of this trend.† (Corporate watch, 2004) The environmental groups of UK, such as the Construction Industry Environmental Forum (CIEF), The Royal Institution of Chartered Surveyors (RICS), Envirowise, Construction Industry Council (CIC), Defra, Environment Agency, Corporate Watch, etc. are more cautious and active to built environment specifically in the UK construction industry. Their one of the main objectives is to improve the sustainability and environmental performance of construction. Thus it need a well organized preplan and to maintain it; that means project management. Now the question come that, does it really important to maintain a project management in the built environment specifically in the UK construction industry.  · Background: There is no doubt that the construction industries in built environment today face more challenges than in the past. The modern business environment is operating in a highly turbulent time. Demand for operational activities to achieve effectiveness and efficiency, the environment has increased the need for organizational accountability both in public and private sector. The UK construction industry is a growing sector and developing day by day. In this case project management is viewed as a tool that helps the organization to carry out selected project effectively and efficiently. This project management tool in the built environment does not guarantee the project success. It has been seen that some project completed within the determined time and meet all requirements, but has not succeed. On the other hand, some project perceived as successful though they have failed to meet the most important criteria. However, in a project environment, the project management can provide the achievement of project and organizational goals. In addition, project management presents a greater assurance to the stakeholders that all resources are utilized and managed effectively. â€Å"Projects fail at an alarming rate. Quantitative evaluations show that as many as 30% of projects are cancelled before completion, wasting all the time money and effort spent on them. Surviving projects usually fail to deliver the full initial project scope or deliver late or overrun the budget†. (William, 2002). Project management is very important when consequence is absence of proper project management or project management is not applied properly to the projects. Continues changes in project scope, the demand for efficient project management is emerged to maximize the resources. â€Å"Effective project management will help: meet or exceed customer expectations, maximize the use of your resources (time, people, money, space, etc.), bring the project to a successful conclusion on time and within budget, document what was done for any need of future reference, and build confidence in your team for future projects†. (Glenn ,2007)  · Aims of the dissertation: The aim of this dissertation is to investigate the importance of project management in the built environment, specifically in the UK construction industry.  · Method of the dissertation: The method of this dissertation is external referencing. Journals and reference books are used as the source of data to this dissertation. Materials are collected on the internet, libraries and other mediums of research.  · Results: One or two sentences indicating the main findings. For the touch of globalization and worldwide competition construction firms are not concern with accomplish the work within the time limit and budget; and get profit, They are competing with how efficiently, accurately accomplish the project with highest amount profit as well as proper implementation of the project.  · Conclusions: One sentence giving the most important consequence of the work. 2. To assess the significance, structure and execution of Project Management in built environment principally in the UK construction industry. Construction Industry Environmental Forum, UK says that their objectives and mission is to improve the sustainability and environmental performance of construction, by providing a cross-sector and independent forum for the exchange of new ideas and demonstration of best practice. 2.1. The objectives of Construction Industry Environmental Forum Their objectives are Demonstrate the implementation and value of sustainability best practice To identify the barriers and promote practical solutions To provide briefings on the latest legislative changes To showcase examples of best practice and innovation, and the business benefits To assist in the production of appropriate best practice guidance To promote research in sustainable construction Disseminate the results of new research and guidance that can help to deliver a more sustainable built environment. 2.2. Key themes of Project Management in built environment principally The key themes are- Biodiversity and wildlife Energy use and climate change Performance measurement Planning urban regeneration Sustainable resource use Contaminated land Environmental management Sustainability accounting and reporting The internal environment Social and corporate responsibility Waste management, recycling and materials Procurement and modern methods of construction 2.3. Illustration Rapid Globalization has made so much pollution that the people of the world are now cautious to build environment friendly construction. Government has imposed many rules and regulations on construction industries. This makes the construction projects more complex to do. Increasing amount of the competition in construction industries are now emphasis on the accuracy and the efficiency of work as well as the environment friendliness. So a proper management and well established plan is needed to face this situation. Thus the necessity of project management came to an question in of project management in the built environment specifically in the UK construction industry. The skills in Project management are not secret art especially in built environment. In regarding construction project success there are some techniques that should be developed. Now let see what a project management means. â€Å"A project is some overall task which has a definable beginning and a definable end. It consists of a number of related and dependent activities, all of which utilize resources, and upon which there are imposed internal and external conditions† (Marttino, 1968) â€Å"Project management in construction is a practical, easy-to-read guide to defining, organizing, planning, and executing a construction project so that it is completed to the satisfaction of the principal stakeholders†.( Research and markets,2004) The Project sponsor receives the projects due. The sponsor owns overall responsibility of directing and organizing for the project. Asides that, the sponsor resolves various issues around scope, schedule, budget, and staffing and accelerates finance for the project. Surely the sponsors want to get profit and frequent money circulation from their investment and invest where they the risk is low. To attract them project management is an attractive tool. Project management ensures optimum performance of their operation, proper use of resources and completes the project within the time limit. 2.4. Basic Elements of project Basically the elements of any project are Operations- the things organization/firm do Resources- the things organization/firm use, consisting of men, money, materials, machines and time. Conditions or restraints- under which organization/firm must work such as deliveries and deadlines. Resources may be fixed, variable or combined. When resources are used efficiently, they are said to be levelled. Planning is done independently of resources consideration. The assigning of resources to a plan determines the schedule automatically. Since duration estimates are only guesses, it is important that dynamic control be maintained. Network analysis is a tool for controlling, as well as planning. â€Å"Even organizations that have established a formal Project Management Office need an executive champion, particularly when the office is understaffed.† (Don, 2007) 2.5. Life cycle of a project Now let see how the Life cycle of a project is Project development and preliminary engineering Bidding and contract negotiation Engineering design Purchase and procurement Construction Commissioning (Prasanna,P-28.8) Figure 2: life cycle of a project (Prasanna,P-28.8) Project management is the primary means which manipulate the organizational strategy. Projects are to be said as unique units of work that put into action the policies and strategies of an organization. â€Å"Construction projects are directly linked with the strategic vision and mission of the organization. As far as owners or operators of physical facilities are concerned, construction projects are the means of supporting their organizational goals. Organizations are constantly faced with new demands on their physical facilities. Owners of facilities are continually re-shaping the way they design and organize their work practices, which in turn directly impacts the performance of their physical facilities.† (Michael,2004) In the field of UK construction industry the importance and need of project management is an important issue, because all organization, whether large or small, at one time or other, are engaged in manipulating new undertakings. â€Å"These undertakings may be diverse, such as, the development of a new product or service; the establishment of a new production line in a manufacturing enterprise; a public relations promotion campaign; or a major building programmers†.(Sandro,2004) The concept of project management is traditionally familiar with construction industry and is widely applied on projects of all sizes and complexity. The role of project management in the construction industry is to put in important value to achieve the successful delivery of projects. Project management function is applicable to all types of projects in built environment. Application of project management to the construction industry is an important component to raise the standards by setting objective standards of competence and encouraging their usage. To achieve the construction project success in the field of built environment the proper criteria should be followed. The Royal Institution of Chartered Surveyors (RICS) said about them, â€Å"The RICS Project Management Faculty is the home within RICS for professionals who have an interest in the management of construction projects.† (rics.org ) 3. To classify the project management tools and techniques and quantify their influence in the construction project success. â€Å"There is a relationship between time and cost to perform an activity. There is a normal and crash point for both the time and cost of each job.† (Marttino, 1968) Team building, planning, controlling and monitoring, even terminating a project all are the part of the project management function. There are many reasons for which the construction projects are often completed late and the budget exceed the expectation. However, the department of the environment working with the construction industry, that encouraged a number of initiatives to promote improvements of successful construction. Skills of the construction workforce, information technology, research all these needs to be developed to achieve the construction project success. The right process makes built environment easy and application of information technology in the construction industry become available. It is known that high levels of understanding issues facing by the governments and the industry leaders and the applicability of project management provide a theoretical framework for strategic planning and emphasize the tools for research into the economics of the industry. In the field of construction industry promoting the importance of built environment is a significant issue. Construction industry is the process that adding infrastructure to the UK built environment. Commitment to the objective of project management is strong tool to continue and maintain a successful construction project. Excellent communication, well managed team leadership, capability to work at both internal and external levels of project management, being informed about when and how to make trade-offs and concentrating on business goal are to be said the techniques used to achieve the successful delivery of projects. 3.1. International project management The planning exercise provides the project appraiser with the following information- Determination of the major problem areas, Identification of goals and a good matrix to related targets purpose, purpose to objective and objectives to fid development goals, A consideration of alternatives strategies, sector allocations and programmes and a choice between them An identification of alternative project Thus the boundaries of project appraisal are determinate. (Wadhwa, Daver, Rao, -1998) The appraisal of the project is very important which consists of the following steps. Determination of expected contribution of alternatives actions to the various goals. The determination of costs-benefits of the various actions. The determination of a conceptual framework to monitor and evaluate the proposal action.(Wadhwa, Daver, Rao, -1998) So any Project investigation, analyzing, designing, implementing, and managing is done properly by the management. Management directs the project through appropriate process. The process goes through a continuous aspect as the Directing a Project (DP), Starting up a Project (SU), Initiating a Project (IP), Managing Stage Boundaries (MSB), Controlling a Stage (CS), Managing Product Delivery (MP), Closing a Project (CP), Planning (PL).( PRINCE2 2008) 3.2. Times with any project All this processes are related with time boundaries. The time lines are- Earliest start times- the earliest time at which all preceding activities can be accomplished. Latest starting time- the latest time an activities can be starts without delaying the project. Earliest finish time- the earliest possible time at which an activity can be completed. Latest finish time- the latest time and activity can be completed without delaying the project.(Marttino, 1968) Select time line boundaries are very important for a successful project management. Float is a measure of available time verses required time. Jobs without float are said to be critical and lie on the critical path. There are four Kinds of float- Total float- differences required time and maximum time. Interfering float (event slake) the measure of float share by downstream activities Free float measure of excess time when all activities start as early as possible. Independent float the difference between required time and minimum available time.(Marttino, 1968) 3.3. Common Difficulties There are some common difficulties that are playing as a determiner of the success or failure of the project. In a project, capital expenditure decisions are extremely important; they also pose difficulties which stem from three principal sources. Measurement problem Identifying and measuring the cost and benefits of a capital expenditure proposal tends to be difficult. This is more so when a capital expenditure has a bearing on some other activities of the firm (like cutting into the sales of some existing product) or has some intangible consequence (like improving the morale of workers). Uncertainty A capital expenditure decision involves cost and benefits that extend far into the future. It is impossible to predict exactly what will happen in the future. Hence, there is usually a great deal of uncertainty characterising the cost and benefits of a capital expenditure decision. Temporal spread The cost and benefits associated with a capital expenditure decision are spread out over a long period of time. Usually 10-20 years for industrial projects and 20-50 years for infrastructural culture projects. Such a temporal spread creates some problems in estimating discount rates and establishing equivalence. (Chandra, 2007) 4. To evaluate the stages onto which the project management tools and techniques are applied while executing any construction project. It is very important to evaluate the tools and techniques that are used in a project to its successful conclusion. Every steps of a project is very important. The efficiency of the management depends upon the perfect use of its resources. One fault may change the overall condition of the project. 4.1. Capital expenditure decision Capital expenditure decision often represents the most important decision taken by a firm. Their importance stems from three inter-related reasons- Long term effect The consequences of capital expenditure decisions extend far into the future. The scope of current manufacturing activities of a firm is governed targets by capital expenditures in the past. Irreversibility The market for used capital equipment in general is ill -organized. Further, for some types of capital equipment, custom made to specific requirements, the market may virtually be no existent. Once such an equipment is acquired, reversal of decision may mean scrapping be reversed without incurring a substantial loss. Substantial outlays Capital expenditures usually involve substantial outlays. An integrated steel plan, for example, in rolves an outlay of several thousand million. Capital costs lend to increase with advanced technology. (Chandra, 2007) 4.2. Facts of project analysis There are some factors to analysis any project. They are essential to estimate the importance of the project to the firm. According to Chandra, 2007 the factors are- Market analysis this factor determines the need of the project. That means how fruitful will be the project to the society. Technical analysis it determines the capability of the firm to complete the project. Financial analysis it determines the financial capability of the firm to complete the project as well as the profitability of the project. Economic analysis it determines the economic aspects of the project to the society. Ecological analysis it determines the biological aspects of the projects. Basically this is the most important factor to build built environment specifically in the construction industry.(Chandra, 2007) 4.3. Capital budgeting process Capital budgeting is the tool that ensures the outcome from the project and successful conclusion of the project. It is also very important to continue the regular activity and financing. It requires identifying all parties as well as stakeholders related to this project for proper execution of management of the project. First the plan of budgeting should be made than analyze it to determine the necessity and minimize the cost. After this firm should select the priority of financing and select the source of financing. Then implement it and review the effectiveness. The process can be shown as follows. In Capital budgeting process every elements is affecting others. 5. To investigate the role, application and efficacy of project management processes in achieving the successful delivery of projects. There are five resources to complete the project. Basically these are the elements that combine all the factors and tools to complete a project. Man Money Materials Machines and Time The building process maintains follows an identifiable life cycle at the time when important environmental impact occurs. However, this process is result to the function and rules of project management of varying degrees of formality that is liable about the procurement, control, and direction of the resources required. The function project management is practiced as it seeks to continue the explicit and implicit performance factors. â€Å"The roles, duties, and responsibilities of the project manager are examined to establish the positions during the life cycle at which the environmental impact of the building process is determined and the opportunities available to the project manager to exercise environmental responsibility whilst pursuing the satisfaction of explicit performance requirements (cat.inist.fr,1997) Single project management provides the project portfolio management efficiency. The previous research reminds that the single project management is related with project portfolio level outcome. â€Å"A questionnaire survey with 279 firms verifies the hypothesized role of information availability, goal setting and systematic decision making in achieving portfolio management efficiency.†(Miia Pà ¤ivi, 2007, Pages 56-65) So, reaching project management goals and portfolio management efficiency are two different hypothesized links. Project management is known as a general issue, but most of the time so many of us get it wrong. Even if one gets it right once, the next time project is often so disappointment. The reason behind it may be unable to embed project management into all aspect of the organization and dont learn from the mistakes. In the built environment of construction industry the organization needs to consider which projects will delivery strategic objectives. Project management has emerged as a well-built discipline which is practiced by high level of training, certified experts as organizations have come to observe that they would not stay in business if they cannot handle their projects. However, many organizations are still limiting or reducing the application of project management to the tactical level. It is so much important for the organization to stay in the survival of the construction enterprises in built environment. 5.1 Role of Project Management Notably, the role of project management is defined especially by the following strategies:- Executive championship: high level of buy-in decision and the guidance to give support the portfolio manager. â€Å"Even organizations that have established a formal Project Management Office need an executive champion, particularly when the office is understaffed.† (Wessels, 2007) Business acumen: in order to meet the organization objectives, the project managers need to take quick decision about which projects are necessary. A solid project management process: leadership is an important tool to do the excellent job to create strategic portfolio in regarding project management of construction industry. the project managers and their teams should maintain and continue the practice of just-do-it. Timeframes and budgets: the budget and timeframes should be within the control of project so that the projects would not set up for failure from the beginning. It is known that construction industry is sixth largest industry in United Kingdom. So, it is needless to mention the importance of successful project planning and the budgets in a timeframe. The construction industry comprises a huge amount of investment and cost that is to be said unrecoverable. Hence, if the proper implementation does not occur especially in the UK built environment then there is the possibility of a large amount of loss. â€Å"According to the latest figures (April 2003) from the Office of Government Commerce statistics, 569 PFI contracts have been signed in the UK, 418 of which are already operational. The combined capital value of these contracts is  £53 billion, although the value of individual projects ranges from under  £1 million to over  £1 billion. In the construction and property sector, the scope of PFI has been wide-ranging, including roads, bridges, sewage treatment plants, waste incinerators, hospitals, schools, prisons and office accommodation. But despite the large number of projects procured to date, the effectiveness of PFI is still subject to considerable debate.† (emeraldinsight,2008) Requirements analysis: most of the cases it has been viewed that the organization does not follow and meet the proper requirements. This lack leads to a risky result for any type of organization. Stay the course: the benefit of project management is that it helps to stay in the course when the objectives and goals are determined. Whatever the task is, whether it is difficult or easy, staying in the course makes it possible to fulfill. 6. To identify the importance and need of project management with the augmentation of scope and complexity of construction project. It is strongly recommend that the benefit, challenge, objectives, goals, strategies all should be selected in a systematic manner for the better outcome. Furthermore, the stages of project management are to be considered and implemented in a normal procedure. The following diagram shows the stages involved in project management. The above figure suggests that at first the organization would focus on what would be their task and strategy that already mentioned. Then the next step would be to emphasize on how those task and strategy can be implemented. To implement successfully, the organization must have to consider the following criteria in accordance with their objectives: Adequate formulation: the project management helps to formulate the required data and information adequately and make the function more reliable. Sound project organization: sound project organization means how smoothly and efficiently the organization can run. When the proper project is implemented then the organizational activities become functional and easy to retain. Proper implementation planning: whatever the plan is should be implemented properly. The organization needs to follow the right way to make their plan of project effective and desired. It is strongly recommended that the right thing at right way would be implemented at right time and obviously at the right place. Advance action: advance action needs to take before going to consider about any project success. Good project management thinking helps to identify and recognize the advance actions those are needed to run in the built environment of construction industry. The success or final outcome of the effort depends mostly on the proper advance action. Timely available of funds: the project management plays a major role in regarding budget issue. The budget issue is equaled important for achieving the desired success. Barriers are involved when the project is maintained and run. Available of funds is one thing that formulates the process of a successful project outcome. Judicial equipment tendering and procurement: Better contract management: management is to be defined as planning, controlling, organizing and implementing the functional activities. Contract management is the field where all things related with the planning, controlling, organizing and implementing. The more managed contract, the more desired success can be gained. However, project management to success of construction is similar with blood to a body. â€Å"Communication on projects between owners and contractors can sometimes be difficult†. (ehbrunjesassociates.com,2004). In UK construction industry, the external environment is very competitive and challenging. At every step, the organization has to face these challenges and only proper project management can make these challenge completed. Effective maintaining: the well maintenance of project is the heart of successful construction project. In the perspective of UK construction industry, effective maintaining can lead to a high level of success. â€Å"Project Management is not a catch phrase dreamed up by some marketing director. It is a well-developed body of science with its own processes, technologies, certified professionals, trade associations, and body of literature. So far, lawyers have not been a part of that world, but that is about to change†. (Donald,n.d) The importance and need of project management with the augmentation of scope and complexity of construction project cannot be ended in words. The development of project management within a construction industry related organization allows the management teams to work in partnership. Proficiency, locally, nationally or globally the implementation of project management bears some legal and ethical importance. The contribution of project management to a modern developed country like UK is a considerable topic. It is a formal methodology used to ensure that the projects would be completed on time and within the budget. However, project management is used historically in the construction industry, where methodology is firmly established. In the area of project management ability, making decision in a changing environment is the major concern. The rapid growth of project management is to be stated as an indication of a change in business function throughout all organization. It is implemented in construction industry to bring about change in organization platform so that they can lead change in organization. The trinity of project management is time, cost and quality (content or scope). All these things are the major objective function on a project. â€Å"The importance of effective project management is by no means restricted to new plant development and construction†. (Brian, n.d) For careful management, maintenance and plant outage work is necessary, especially for in light of growing competitive pressures. Project management in todays UK construction industry is faced with the challenge whereby the essential roles and functions they are performing witness a gradual shift in focus. To continue and retain their professional competency, application of project management in construction adapt to the changing environment by depending on effi

My Philosophy of Teaching :: Education Traveling Personal Narratives Essays

Philosophy of Education As people we all have experiences that are unique to only ourselves and it can be argued that it is through these experiences that we mold individual personalities. Not all of these experiences can be positive or enjoyable ones. Sometimes the hardest of all experiences are the ones in which we take memories and tools that make ourselves stronger people. Thankfully the experience that I am going to depict that had specific value to me was both enjoyable and positive in how it shaped my future. It was a year long trip that I took with my parents that spanned all the way across my eighth grade year of school, and reached nearly every continent of the world. This experience not only brought me to new places but also brought me to new realizations about the world that surrounded me. Though despite all of its glories this experience taught me a hard lesson as well which is what it means to be truly grateful. If one is not grateful towards his or her own belongings then it is im possible to really appreciate and enjoy the possessions and connections that can make life wonderful live. After a long drawn out seventh grade year where hormones and puberty hit me like a ton of bricks I felt like I needed some time off to clear my head. Fortunately my parents had the same idea but instead of just taking a little time off they, as well as myself, were willing to do something extraordinary that none of us would forget any time soon. It was set. My eighth grade year would be spent not in public school, but rather through home schooling. The greatest part is that my schooling would not take place at home and would continue as we were traveling. The continents we traveled to included Africa, Australia, Europe, and parts of South America and Asia. The countries we visited within those continents are numerous except each one was fun and interesting in its own way. All of the continents we visited are very different from each other and we had a blast at each one doing various things based on what that continent had to offer socially and geographically.