Risk Management Techniques For Construction Projects

Construction industry is a risky and there is no other industry that requires proper application of business practices as much as construction industry. The main objective of this research is to gain understanding of risk factors faced by building projects. The study also aims to investigate the effectiveness of risk preventive and imitative methods. From this Research paper, we can find the most important risk factors are: financial failure of the contractor, Environmental risk like natural disasters, closure, defective design and delayed payments on contract. On the other hand, owner respondents concluded that the most important risk are: awarding the design to unqualified designer, defective design, occurrence of accidents, increase in material cost and inaccurate quantities. Research Paper on Risk Management Techniques for Construction Project These are the 7 types of the risks that are mainly occurs in the construction projects in the real world.1.Technical Risks: Incomplete Design, Inadequate specification, inadequate site investigation, Change in scope Construction procedures, insufficient resource availability 2. Construction Risks: Labor productivity, Labor disputes, Site condition, Equipment failures, Design changes, too high quality standard and new technology 3. Physical Risks: Damage to structure, Damage to equipment, Labor injuries, Equipment and material fire and theft 4. Organizational Risks Contractual relations, Contractor’s experience, AttitudesShow MoreRelatedRisk Management Techniques For Construction Project1280 Words   |  6 Pages Research Paper on Risk Management Techniques for Construction Project Pariekshit Guttikonda Lawrence Technological University Abstract Construction is a risky industry and there is no other industry that requires proper application of business practices much as construction industry. The main objective of this research is to gain understanding of risk factors faced by building projects. The study also aims to investigate the effectiveness of risk preventive and imitative methods. From thisRead MoreRisk Management Techniques For Construction Projects1206 Words   |  5 PagesResearch Paper on Risk Management Techniques for Construction Project These are the 7 types of the risks that are mainly occurring in construction projects in the real world in most kind of construction projects. 1. Technical Risks: Incomplete Design, Inadequate specification, inadequate site investigation, Change in scope Construction procedures, insufficient resource availability. 2. Construction Risks: Labor productivity, Labor disputes, Site condition, Equipment failures, Design changes, tooRead MoreRisks in a Home Building Project1486 Words   |  6 Pagesof Risks Associated With Estimating a Home Building Project Michael T Bell PMAN 637 Originality Score 6% A Review of Risks Associated With Estimating a Home Building Project Introduction In building and construction, there are risks associated with estimating a home building project. These risks in construction are all the same across the board regardless the construction. Therefore, a home building projects is confronted with the same risks asRead MoreImproving The Quality Of The Delivered Project By Utilizing Quality Planning Technique During The Construction Industry1685 Words   |  7 PagesIntroduction: The construction industry is considered as one of the most complicated industry in the world. Different problem could be raised during the construction process starting from the bidding phase and ending with close out phase. During that time, the construction managers will be responsible to take many of the critical decisions to minimize the influence of a specific event. Quality in the construction industry occupying a high priority among other characteristics. In fact, providing theRead MoreEffectiveness Of Risk Identification And Analysis Of Construction Projects Of Mumbai City Of Multi Storeyed Building Essay929 Words   |  4 PagesAbstract – Risk is present in all projects irrespective of their size or sector. If risks are not properly analyzed and strategies are not developed to deal with them, the project is likely to lead to failures. Therefore, special strategies and processes should be established during the initial phases of the project and also monitored througho ut the project life cycle. There are different techniques of risk identification and analysis in construction projects. Applicability of various risk assessmentRead MoreA Report On The Construction Sector Essay1321 Words   |  6 PagesINTRODUCTION: The construction sector is the fifth largest sector in the New Zealand economy, employing more than 170,000 people. This makes up 7.6% of the labour force. It engendered 6.3% of Gross Domestic Product (GDP) in 2010. (New zealand sector report, 2013) There is a lot going on in the construction management space, which has been poorly addressed in New Zealand until recently. (Pieter, 2011) High level of complexity is also involved in construction projects, which exposes this sector toRead MoreObjectives: Fixing The Objective Is Like Identifying The856 Words   |  4 Pageseffectiveness of the Project Management to complete project time. 2. To find the role of project management in the success of construction companies. 3. To find the scope of project management to reduce the cost of the raw material in the ongoing building project. The study on role of project management in construction industry is to execute a project so that deliverables can meet scope requirements on budget Intro:Construction Management is not a new idea. The function of the Construction Manager is toRead MoreRisks Associated With Construction Project And Different Risk Mitigation Techniques1573 Words   |  7 PagesConstruction projects are characterized as v ery complex projects, where uncertainty comes from various sources. This paper deals with the identification of risk by different methods, types of risks associated with construction project and different risk mitigation techniques. In the construction industry, risk is often referred to as the presence of potential or actual threats or opportunities that influence the objectives of a project during construction, commissioning, or at time of use. Risk isRead MoreRisk Management For Construction Projects1095 Words   |  5 Pagesoverall aim of this study report is to let everyone know what risk management is, realize the procedure of risk management in construction project and have a deeper study on the application of risk management during construction period, therefore, a better project output and better value for both clients and constructors. There are two objectives of this study: 1. To assess the most major and common risks which cause bad effect on construction period. 2. To figure out reasonable solutions. On the basisRead MoreRefurbishment Of Broron Oil And Gas Limited Three Storey Building1675 Words   |  7 Pagesstandard office apartment for boron oil and gas limited. The scope of this project is to design and construct and appropriate office structures. Which involves different stages of work in these projects? Our task involves †¢ Planning a risk management plan †¢ Creating a risk register and a risk response plan. †¢ Identifying possible risk project and procurement strategy. †¢ Undertaking qualitative and quantitative risk analysis. †¢ Risk tracking and monitor control. CHAPTER2: BACKGROUND The overview System Risk Management Techniques For Construction Projects Research Paper on Risk Management Techniques for Construction Project These are the 7 types of the risks that are mainly occurring in construction projects in the real world in most kind of construction projects. 1. Technical Risks: Incomplete Design, Inadequate specification, inadequate site investigation, Change in scope Construction procedures, insufficient resource availability. 2. Construction Risks: Labor productivity, Labor disputes, Site condition, Equipment failures, Design changes, too high quality standard and new technology. 3. Physical Risks: Damage to structure, Damage to equipment, Labor injuries, Equipment and material fire and theft. 4. Organizational Risks Contractual relations, Contractor’s experience, Attitudes of participants, inexperienced work force and Communication. 5. Financial Risks: Increased material cost, Low market demand, Exchange rate fluctuation, Payment delays, improper estimation Taxes. 6. Socio-political Risks: Changes in laws and regulations Pollution and safety rules Bribery/Corruption Language/Cultural bar rier Law and order War and civil disorder Requirement for permits and their approval. 7. Environmental Risks: Natural Disasters, Weather Implications. The risk in the project management is managed by implementing four main steps Risk identification, Risk Assessment, Risk Response and risk control. Where as in Risk identification these are identified by various methods through brainstorming in this all the people that are involved inShow MoreRelatedRisk Management Techniques For Construction Project1280 Words   |  6 Pages Research Paper on Risk Management Techniques for Construction Project Pariekshit Guttikonda Lawrence Technological University Abstract Construction is a risky industry and there is no other industry that requires proper application of business practices much as construction industry. The main objective of this research is to gain understanding of risk factors faced by building projects. The study also aims to investigate the effectiveness of risk preventive and imitative methods. From thisRead MoreRisk Management Techniques For Construction Projects1238 Words   |  5 PagesConstruction industry is a risky and there is no other industry that requires proper application of business practices as much as construction industry. The main objective of this research is to gain understanding of risk factors faced by building projects. The study also aims to investigate the effectiveness of risk preventive and imitative methods. From this Research paper, we can find the most important risk factors are: financial failure of the contractor, Environmental risk like natural disastersRead MoreRisks in a Home Building Project1486 Words   |  6 Pagesof Risks Associated With Estimating a Home Building Project Michael T Bell PMAN 637 Originality Score 6% A Review of Risks Associated With Estimating a Home Building Project Introduction In building and construction, there are risks associated with estimating a home building project. These risks in construction are all the same across the board regardless the construction. Therefore, a home building projects is confronted with the same risks asRead MoreImproving The Quality Of The Delivered Project By Utilizing Quality Planning Technique During The Construction Industry1685 Words   |  7 PagesIntroduction: The construction industry is considered as one of the most complicated industry in the world. Different problem could be raised during the construction process starting from the bidding phase and ending with close out phase. During that time, the construction managers will be responsible to take many of the critical decisions to minimize the influence of a specific event. Quality in the construction industry occupying a high priority among other characteristics. In fact, providing theRead MoreEffectiveness Of Risk Identification And Analysis Of Construction Projects Of Mumbai City Of Multi Storeyed Building Essay929 Words   |  4 PagesAbstract – Risk is present in all projects irrespective of their size or sector. If risks are not properly analyzed and strategies are not developed to deal with them, the project is likely to lead to failures. Therefore, special strategies and processes should be established during the initial phases of the project and also monitored througho ut the project life cycle. There are different techniques of risk identification and analysis in construction projects. Applicability of various risk assessmentRead MoreA Report On The Construction Sector Essay1321 Words   |  6 PagesINTRODUCTION: The construction sector is the fifth largest sector in the New Zealand economy, employing more than 170,000 people. This makes up 7.6% of the labour force. It engendered 6.3% of Gross Domestic Product (GDP) in 2010. (New zealand sector report, 2013) There is a lot going on in the construction management space, which has been poorly addressed in New Zealand until recently. (Pieter, 2011) High level of complexity is also involved in construction projects, which exposes this sector toRead MoreObjectives: Fixing The Objective Is Like Identifying The856 Words   |  4 Pageseffectiveness of the Project Management to complete project time. 2. To find the role of project management in the success of construction companies. 3. To find the scope of project management to reduce the cost of the raw material in the ongoing building project. The study on role of project management in construction industry is to execute a project so that deliverables can meet scope requirements on budget Intro:Construction Management is not a new idea. The function of the Construction Manager is toRead MoreRisks Associated With Construction Project And Different Risk Mitigation Techniques1573 Words   |  7 PagesConstruction projects are characterized as v ery complex projects, where uncertainty comes from various sources. This paper deals with the identification of risk by different methods, types of risks associated with construction project and different risk mitigation techniques. In the construction industry, risk is often referred to as the presence of potential or actual threats or opportunities that influence the objectives of a project during construction, commissioning, or at time of use. Risk isRead MoreRisk Management For Construction Projects1095 Words   |  5 Pagesoverall aim of this study report is to let everyone know what risk management is, realize the procedure of risk management in construction project and have a deeper study on the application of risk management during construction period, therefore, a better project output and better value for both clients and constructors. There are two objectives of this study: 1. To assess the most major and common risks which cause bad effect on construction period. 2. To figure out reasonable solutions. On the basisRead MoreRefurbishment Of Broron Oil And Gas Limited Three Storey Building1675 Words   |  7 Pagesstandard office apartment for boron oil and gas limited. The scope of this project is to design and construct and appropriate office structures. Which involves different stages of work in these projects? Our task involves †¢ Planning a risk management plan †¢ Creating a risk register and a risk response plan. †¢ Identifying possible risk project and procurement strategy. †¢ Undertaking qualitative and quantitative risk analysis. †¢ Risk tracking and monitor control. CHAPTER2: BACKGROUND The overview System

Business Subsidiaries Mr. Bean International Private Limited

Question: Describe the Report for Business Subsidiaries for Mr. Bean International Private Limited. Answer: Product Service Factors Mr. Bean is a provider of food and beverage with the goodness of Soya beans added to it. Their range of products are Soya Milk, Soya bean Curd, Soya bean ice creams, grass jelly bowl, grass jelly drink, Milkshakes and pancakes and the like. One cannot ignore the goodness of products made from soybeans. They are rich in fatty acids, fiber, proteins, vitamins and minerals. There are several health benefits of Soya beans such as improving lipid profile, it strengthens and protects blood vessels from lesions and hemorrhage due to its phyto-antioxidant contents. The low sugar content in soya milk as opposed to cows milk encourages weight loss. One cup of soy milk contains approximately 80 calories equivalent to skimmed milk. Mr. Bean provides a healthy package of benefits with their range of products. Venture Mode: Wholly Owned Subsidiary The company Mr. Bean can enter into the Australian market through the Venture mode, very often known and Wholly Owned Subsidiary (WOS). WOS allows greater control but involves more risk and a higher commitment with regard to resources. WOS offers better management efficiency as compared to other types of ventures. Furthermore, it provides better profits to the company; however, there is a risk from local companies who may see the MNC as a threat to their business. Joint Venture on the other hand may not have adequate resources and may require additional resources to invest in the host country. The profits may need to be shared in times of risks or instability in host country. The firm may also require assistance with additional knowhow from the partner since the company may not have adequate experience to deal with the vulnerabilities of the host country or adequate understanding of the market in the host country. Certain other types of ownership structures include mergers or acquisitions, licensing, franchising and alliances. Wholly Owned Subsidiary is regarded as the most profitable since other models may not give the company the kind of profits it wishes to get and the establishment of the brand may not be that powerful. Furthermore, the risks are not entirely shared in other modes of structuring since the communication and vision is not shared properly. Lastly, mergers and acquisitions often call for cultural differences and transitional cost and it is not applicable in this situation since the company wants to expand in Australia rather than engaging in mergers with existing companies. In the following section we will look into the various conditions under which the firm may decide to invest through Wholly owned subsidiary.If the company owns particular products that have the potential to obtain higher amounts of profits. In case of Mr. Bean they have the potential to grow in the Australian market due to its high demand in the country. A company may set up a WOS company if he is well versed and experienced in his field of business. With regards to Mr. Bean they have been in the market The investment also depends upon the size of the company. If it is large it is more likely to set up a WOS. Technology and the element of Advertising also plays a major role in the decision of setting up a WOS. Mr. Bean has an excellent marketing strategy and the plus point of WOS is that the profits need not be shared with anyone unlike in Joint Ventures there is a potential risk of the profits being shared with the opportunistic partners. Investors also looks at the stability and the element of risk before setting up a WOS. In the case of Australia, it is a very good market for Soybean based products. In conclusion, Mr. Bean may fare well given the favourable market in Australia for soybean products as well as the experience that Mr. Bean holds in the field[2]. Country Analysis of Melbourne, Australia Australia has been trending in the new fad of healthy diet. According to reports, Australian consumers have switched to low- fat and low- sugar drinks and healthier food options. Aerated drinks, sugary juices and many such fatty drinks incurred huge losses in the year 2015, since people made healthy moves with regard to what they eat. According to a study conducted by IBISWorld on Confectionary and Beverage Wholesaling in Australia, Australias consumption of sports, energy and health drinks has been seeing a steep growth in the Australian market due to a more growing consciousness among its consumers[3]. Around the 1990s the demand for soya bean based drinks and food were as low as 25%-30% and there were little or no exports of it at the time. However in recent times with growing awareness to healthy diets and the benefits of soya has enabled soya to create an impression in mainstream markets and has been added as an ingredient in many foods. Consumers are opting for soya milk, soya based drinks to replace many of their regular diet. Furthermore several nutritionist and health care organizations has linked soya to several health benefits such as reducing the risk of heart diseases[4]. Japan is a huge importer of tofu from Australia amounting to about half million tons every year. Australias edible soybeans products are in great demand among many Asian countries. Australias superior record in safety of food, their reputation of high quality, non-GM food products have contributed to its high export opportunity. Due to the expansion of GM food in different parts of the world, the market for Australian soybean products has seen considerable growth. Soybean accounts to $2.5 billion oilseed industry in Australia and is an important industry for Australian farmers. It has also made a valuable contribution to economies of different regions and various other soya manufacturing companies, food manufacturers for soya bean its processing provisions in a number of urban cities and regions. Due to the ability to rotate crops in soybean production there are various benefits to farming and sustainability because it improves soil quality by making it fertile. Several places in Australia have adapted to soybeans such as darling downs and inland river valleys and coastal hinterland. A greater part of Soybean industry is in Queensland and New South Wales, though there is a minimum level of crops grown in other states of Australia. There is a high demand for soy foods, beverages in Australia from different Asian countries such as tofu, soya drinks etc; According to statistics the market for soya has grown from 2.7 million consumers in 1993 to 3.5 million consumers in the year 2008. Migration of Asians, growth in tourism industry and a spread of food preference of Asians across Australia has contributed to such a growth. The demand for Asian food has given rise to the market value of such foods from $1 billion in 1993 to $2.4 billion in 2008. Australian food market has seen a growth due to the above growing statistics which has given rise to its imports[5]. Product Introduction to Australia When it comes to introduction of products of Mr. Bean to Melbourne Australia, it would be preferable to introduce all the products to the country. Considering the demand of the products in the Australian Market, the company could draw larger profits if it is able to introduce all the products in the country. Variety is always appreciated and the products that Mr. Bean has to offer definitely have a special factor added to them. The uniqueness offered by the company will be much appreciated and welcomed in the country. The investment method that the company must consider is that of Horizontal investment. A horizontal investment is one that is taken by an MNC in foreign operations from the perspective of production of the same goods as the company might be producing in the parent country. The investment strategy will help in showcasing the current profits collected by the company through the products and a proposal showcasing the increased profits that the company would be able to make in case it is able to manufacture the same goods and sell them to people of a new country who genuinely have interest in the products provided by the company. Whenever a company manufactures products for its own country, the tastes are set to match up the customer requirements; however, when a company ventures into a new country, it is undoubtedly important to ensure that the tastes and likings of the people in the other country are also considered to ensure that the marketing is successful and the maximum sales are drawn out of the products to ensure a wealthy return on investment by the company. Since Soya is preferred product in the country already, the company might not have to change the base; however, flavors that are already successful from other companies should be considered. Some of these include, strawberry, mango, vanilla, blackcurrant, chocolate etc. The company already has the flavors in its bucket and hence producing them in Australia and selling them should not be much of a problem. Competitive Advantage of Mr. Bean in Australia Mr. Bean as a company definitely has a strong competitive advantage when it comes to Soy products in Australia. The wide range of products that the company is offering are certainly not available in the country as of now. Some of these include, non dairy soya frozen desserts, soya porridge, soya puddings, soya viet coffee, soya rice balls, soya pancakes, grass jelly bowl and more. Although a lot of Soya Beverages are available in the Australian market; however, products and flavors that Mr. Bean has to offer will take the market by a surprise and hence the demand for the products would rise immediately. To conclude, Mr. Bean as a company definitely has a competitive advantage and would be able to make excellent profits if it is able to venture into Australia with the wide range of Soya products that it has to offer. Bibliography Alvarez, Montserrat. Wholly-Owned Subsidiaries Versus Joint Ventures: The Determinant Factors in the Catalan Multinational Manufacturing Case. University of Barcelona. 2003. Chibber, Ankush. Australia Embraces Healthy Drinks and Snacks: Report. Food Navigator. 2012. Editor, Fitday. 6 Health Benefits of Soy Milk. Fitday.com. 2016. Gee, Dennis M. Soybeans in the Australian and Global Market 2011. Soy Australia Limited. 2011. Muhvic, Zlatko. Marketing Plan Summary Sanitarium - Weet-Bix. 2012. Tang, Jingan and Liu, Ben S. A Network based Theory of Foreign Market Entry Mode and Post-Entry Performance. International Journal of Business and Social Science. Vol. 2. 2011.

Robotics Essays - Robot, Industrial Robot, R.U.R., Mobile Robot

Robotics Two years ago, the Chrysler corporation completely gutted its Windsor, Ontario, car assembly plant and within six weeks had installed an entirely new factory inside the building. It was a marvel of engineering. When it came time to go to work, a whole new work force marched onto the assembly line. There on opening day was a crew of 150 industrial robots. Industrial robots don't look anything like the androids from sci-fi books and movies. They don't act like the evil Daleks or a fusspot C-3P0. If anything, the industrial robots toiling on the Chrysler line resemble elegant swans or baby brontosauruses with their fat, squat bodies, long arched necks and small heads. An industrial robot is essentially a long manipulator arm that holds tools such as welding guns or motorized screwdrivers or grippers for picking up objects. The robots working at Chrysler and in numerous other modern factories are extremely adept at performing highly specialized tasks - one robot may spray paint car parts while another does spots welds while another pours radioactive chemicals. Robots are ideal workers: they never get bored and they work around the clock. What's even more important, they're flexible. By altering its programming you can instruct a robot to take on different tasks. This is largely what sets robots apart from other machines; try as you might you can't make your washing machine do the dishes. Although some critics complain that robots are stealing much-needed jobs away from people, so far they've been given only the dreariest, dirtiest, most soul-destroying work. The word robot is Slav in origin and is related to the words for work and worker. Robots first appeared in a play, Rossum's Universal Robots, written in 1920 by the Czech playwright, Karel Capek. The play tells of an engineer who designs man-like machines that have no human weakness and become immensely popular. However, when the robots are used for war they rebel against their human masters. Though industrial robots do dull, dehumanizing work, they are nevertheless a delight to watch as they crane their long necks, swivel their heads and poke about the area where they work. They satisfy "that vague longing to see the human body reflected in a machine, to see a living function translated into mechanical parts", as one writer has said. Just as much fun are the numerous "personal" robots now on the market, the most popular of which is HERO, manufactured by Heathkit. Looking like a plastic step-stool on wheels, HERO can lift objects with its one clawed arm and utter computer-synthesized speech. There's Hubot, too, which comes with a television screen face, flashing lights and a computer keyboard that pulls out from its stomach. Hubot moves at a pace of 30 cm per second and can function as a burglar alarm and a wake up service. Several years ago, the swank department store Neiman-Marcus sold a robot pet, named Wires. When you boil all the feathers out of the hype, HERO, Hubot, Wires et. al. a re really just super toys. You may dream of living like a slothful sultan surrounded by a coterie of metal maids, but any further automation in your home will instead include things like lights that switch on automatically when the natural light dims or carpets with permanent suction systems built into them. One of the earliest attempts at a robot design was a machine, nicknamed Shakey by its inventor because it was so wobbly on its feet. Today, poor Shakey is a rusting pile of metal sitting in the corner of a California laboratory. Robot engineers have since realized that the greater challenge is not in putting together the nuts and bolts, but rather in devising the lists of instructions - the "software - that tell robots what to do". Software has indeed become increasingly sophisticated year by year. The Canadian weather service now employs a program called METEO which translates weather reports from English to French. There are computer programs that diagnose medical ailments a nd locate valuable ore deposits. Still other computer programs play and win at chess, checkers and go. As a results, robots are undoubtedly getting "smarter". The Diffracto company in Windsor is one of the world's leading

security on the Internet essays

security on the Internet essays Internet has become an essential tool for daily tasks. The options people have nowadays are limitless: banking, shopping, booking reservations, chatting, and so on. However, several drawbacks have arisen that are of concern to all of the internet users. Unfortunately, incidents of auction fraud, the sale of illegal items, and criminal trespassing are booming in the e-commerce market. The nature of the Internet and the ease of gaining anonymity on it, has made crime easy and catching criminals much more difficult. Many cases of fraud have occurred: people who collect payments from buyers and never ship the goods to them. Earlier in the summer, for example, former eBay seller Robert Guest pleaded guilty to mail fraud. Prosecutors had accused Guest of collecting approximately $37,000 from bidders for items he never shipped. 1 Cases like these are a real drawback for e-commerce. The lack of tangibility has been a major obstacle in doing transactions online and these cases only serve to destroy the little confidence that consumers have gained so far. Many people are hesitant to shop online, for example, and when they hear of fraud cases it only serves to confirm their initial fears. That is why organizations such as The Better Business Bureau (BBB) and The Federal Trade Commission (FTC) are educating consumers to protect themselves. These agencies know that thousands of consumers are taking advantage of the opportunity to shop from the comfort of their homes via personal computers. A person can b uy anything and avoid crowded malls, long lines and busy parking lots. Furthermore, the Internet is always open: 7 days a week, 24 hours a day. In order to actually benefit from online shopping, certain things must be taken into consideration. The BBBs Web site contains a section that offers tips on What You Need to Know About Cybershopping. 2 The tips are the following: When dealing with a new merchant...

Managing projects in engineering and construction Lab Report

Managing projects in engineering and construction - Lab Report Example First, before commencing my project, I developed a time schedule to guide me during the project. The activities listed in my time schedule included organizing for meetings with my supervisors and lecturers for training and orientation before commencing the experiment. Besides, I came up with a separate project plan outlining the specific phases and procedures of the actual experiment. In addition, I made a visit to the school laboratory to book a date on which to perform the triaxial tests. An early reservation ensures that all the necessary pieces of equipment for the experiment are available on the experiment day. A tamping rod, a measuring scale, a measuring cup, de-aired water, a spatula and, pair of scissor is the equipment required in the experiment. Additionally, I acquired a small notebook on which I recorded my meetings with the lecturer and supervisors. I also ensured that the supervisors and laboratory technicians signed the notebook. Signed notebooks serve as evidence for the attended meetings. In an attempt to account for the resources I used during the research, I prepared a budget and a time plan for the activities. Budgets and time plans ensure effective and efficient use of resources. Besides, time plans and budgets act as monitoring and evaluation tools, helping me identify failures and making necessary adjustments to the project In any experimental project, there are potential challenges likely to occur. I planned for some difficulties liable to affect my experiment.

Mid sized corporation Research Paper Example | Topics and Well Written Essays - 250 words

Mid sized corporation - Research Paper Example Therefore it would be ethical to settle the case with Mr. Larry and also to pay him certain amount of money as a result of which he doesn’t reveal the secrets of the company. However certain policies like termination, penalty or certain other strict punishment must be imposed upon him if this happens in the near future (Herman, 2010). If he is not stopped from doing so then there are chances that he may repeat these kinds of activities. As the company is under at-will state which states that the employees can quit at any time as well as the employer can fire an employee at any time for any reason (Runkell, n.d.). Hence if this is repeated in the near future the company has the right to terminate him as per the law. Herman, S., (2010). Male Sexual Harassment Claims on the Rise. Addressing Male Sexual Harassment in the Workplace. Retrieved Online on October 1, 2010 from http://www.hrmreport.com/news/male-sexual-harassment-claims-rising/ Ricadela, A., (2010). HP’s Former CEO Said to Settle with Sexual-Harassment Accuser. Bloomberg. Retrieved Online on October 1, 2010 from

Ethical case study to student in HRM class Essay

Ethical case study to student in HRM class - Essay Example Mr. Hady shall obey to boss. Since the decision has to be taken on time therefore, obeying this will benefit the company, Mr. Phill and himself. This decision will be harmful in two areas; first, Mr. Hady would not be able to satisfy himself for doing this wrong thing and in case this act causes competitor to lose the opportunity mainly due to crucial information exposed to their competitor i.e. Mr. Phill. This decision will be based solely on the discretion of Mr. Hady and without mutual consent of everyone involved. Mr. Hady can give the benefit of doubt of competitor’s incapability to convince SAGA Engineering management as Mr. Phill will extract information after that day’s presentation is over and competitor already had the chance to present their high points. Avoiding obeying this order would benefit all, though of course may not be in short term. This will satisfy Mr. Hady for not indulging in wrong act. There are chances that they may lose this deal, but will allow the deserved one to take it; hence, securing everyone’s right. Mr. Phill will get a chance to identify areas to polish his skills as nobody is perfect. This will also benefit Mr. Phil with secured standing in long term as successful person which will always be at risk anytime if such activity is disclosed. Firm will also be able to secure long term benefit with identification of their capacity to secure certain deals and in case Mr. Phills practice is disclosed it will question firm’s entire conduct. Moreover, it would be subjugation of MT’s right to deal if rival would have done something of the sort. Avoiding obeying this decision will ensure equal rights given to all. Both firms’ representatives are given equal chance to present their bid. Hence, winning or losing bid will solely on the basis of one’s expertise. In fact, overall, MT or Mr. Phill is in better position as time assigned to them for presentation is double