...Project Execution Process Group: Put Your Plan to Work Your project plans are worth nothing without an impeccable project execution. This phase is necessary to make sure project deliverable s and project objectives will meet stakeholder expectations. Learn more about the processes defined in the Executing Process Group. The PMBOK 5 categorizes project management processes into five groups. o Initiating Process Group o Planning Process Group o Executing Process Group o Monitoring and Controlling Process Group o Closing Process Group These process groups interact with each other during the project life-cycle. During the Executing Process Group most of the budget is expended. Definition of the Executing Process Group: “The Executing Process Group consists of those processes performed to complete the work defined in the project management plan to satisfy the project specifications.” – A Guide to the Project Management Body of Knowledge (PMBOK Guide) Fifth Edition • To understand the activities involved in this process group, let’s get see the processes involved. The processes in the Executing Process Group are shown below. Processes in the Executing Process Group As you can see from the diagram above, there are a number of processes to follow in the Executing Process Group. These processes belong to several knowledge areas ranging from Project Integration Management to Project Human Resource Management to Project Stakeholder Management...
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...Major Monitor Ltd. Vs Key Keyboard Inc. 1. Major Monitor Ltd (MML) has higher gross profit margin of 34.7% ($7,080,000/$20,400,000). For every sales dollar, they are able to use 34.7 cents in the business and their COGS is 65.3 cents per sales dollar. Key Keyboard Inc.’s (KKI) gross profit margin is 31.1%. ($7,669,000/$24,650,000) They are able to use 31.1 cents in the business and the COGS is 68.9 cents, however as they have larger revenues, they can still thrive and be successful. MML has a net profit margin of 5.1%. ($1,040,000/$20,400,000) and KKI has a net profit margin of 4.5% ($1,100,000/$24,650,000). Major Monitor is able to make a larger net profit because their cost of goods sold is less. KKI has an Offer Acceptance rate of 85% (24/28) and MML has a rate of 23% (13/56). This percentage reflects that MML does not do as good of a job of screening and interviewing the candidates and may not offer the right salaries and conditions of employment that the company is looking for as the acceptance rate is so low. There is a lot of time and money wasted through the entire recruitment process. KKI recruiters seem to understand what the company is looking for and is able to find more suitable candidates from the people applying. 2. Management Investment Factor: KKI: $7,420,000/262 = $28,320.61 MML: $6,380,000/217 = $39,400.92 3. Employee Cost Factor: KKI: $16,665,000/262 = $63,606.87 MML: $15,299,200/217 = $70,503.23 4. Revenue Per Employee: ...
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...C H A P T E R 19 International Trade Finance Financial statements are like fine perfume: to be sniffed but not swallowed. —Abraham Brilloff. LEARNING OBJECTIVES ◆ Learn how international trade alters both the supply chain and general value chain of the domestic firm, thereby beginning the globalization process in the trade phase. ◆ Consider what the key elements of an import or export transaction are in business. ◆ Discover how the three key documents in import/export, the letter of credit, the draft, and the bill of lading, combine to both finance the transaction and to manage its risks. ◆ Identify what the documentation sequence is for a typical international trade transaction. ◆ Learn how the various stages and their costs impact the ability of an exporter to enter a foreign market and potentially compete in both credit terms and pricing. ◆ See what organizations and resources are available for exporters to aid in managing trade risk and financing. ◆ Examine the various trade financing alternatives. The purpose of this chapter is to explain how international trade, exports and imports, is financed. The contents are of direct practical relevance to both domestic firms that just import and export and to multinational firms that trade with related and unrelated entities. The chapter begins by explaining the types of trade relationships that exist. Next, we explain the trade dilemma: exporters want to be paid before they export and importers do not want to pay until...
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...QUESTIONS (TERM 1, 2 & 3) Preamble: Exam questions have different keywords. Your success is not how much data you offload when writing. Neither is it how many pages you have written but how far you have dealt with the keyword in the question. Markers invariably look for quality as opposed to quantity of information. Remember that, some questions may come in form of scenarios, but that should not be confusing! Just identify the topic from which the scenario has been extracted e.g. MNCs, economic growth, neo-patrimonialism, sectoral development, CSOs, poverty etc. and then look for the key word in the question as well. When answering always make reference to the scenario you have been given in the question because this will enhance coherence in your essay. Here we go; Key Words: To what extent: Asks you to justify the acceptance or validity of an argument emphasizing the need to avoid complete acceptance. Account for: Explain the cause of Analyze: Separate down into its component parts and show how they inter relate with each other Annotate: Put notes on (usually a diagram) Assess: Estimate the value of, looking at both the positive and negative attributes Comment: To make critical or explanatory notes/observations Compare: Point out the differences and the similarities. This question needs to be carefully organized to produce a logical answer. Describe: Write down the critical features about a concept or any subject matter in the right order such that, upon meeting what you...
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...ACNB SHARON MALCOLM A4078694 RAKHI ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS 1.1 Issue: Were all the elements of a contract in place between Primark Direct and Presec Presetters? Rule: All the elements of a contract have to be in place for a contract to be valid. There are four essential elements to a contract which are: offer, acceptance, consideration and intention as i will explained below. Offer A person that makes an offer is called the offeror. The person whom the offer made is made to be called the offeree. (664 hand handbook) Essential reading Mckendrick chapeter 3 on offer and acceptance states that An offer is an expression of willingness to contract on certain terms. It must be made With the intention that it will become binding upon acceptance. There must be no Further negotiations or discussions required. Offers can be offered to the public and when acted upon the offer is accepted. A good example of an offer is the Essential reading McKendrick, Chapter 3: ‘Offer and acceptance’ – Section 3.1 ‘Offer and invitation to treat’ to Section 3.7 ‘Acceptance’ page (15 miss notes) hnd book 664 Carlill v Carbolic Smoke Ball co (1893) case summery. In this case the defendants were the manufactures of smokeballs which they claimed could prevent the flu. They published adverts stating anyone that used their smokeballs for a specific period of time and caught the flu would receive a payout of£100. Carbolic company proved they were...
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...Charlotte Beers at Ogilvy & Mather Worldwide (A) By Matteo Conta FEMBA 9B Charlotte Beers at Ogilvy & Mather Worldwide (A) Document purpose: suggestions to increase acceptance of Ogilvy & Mather’s new Vison on employees below senior executive management. Problem definition December 1993: Charlotte Beers assesses the progresses made by the company after she became CEO: she realizes that clients love the Brand Stewardship concept, but most employees, below executive levels, have not embraced the newly created Vison. The problem I will focus in this document is the following: the majority of employees did not embrace the new Vison. I will analyze why this is a key problem, why it is happening and I will propose steps to accomplish more acceptance. Analysis Brief Background Major events have shaped the history of the company in the recent years: first the hostile takeover, 1989, then the loss of key accounts and credibility in the business. Many key senior employees have left in the 2 years following the takeover. The company Vison has been: “just keep doing the same thing, just better”, but the world around has been changing. The marketing business has clearly become more global in nature, with "mergers to form mega-agencies and the concept of transporting brands around the world", and customers are demanding for “more service at lower costs”. Re-creation Technically the type of organizational change Beers has to face as new...
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...Charlotte Beers at Ogilvy & Mather Worldwide (A) By Matteo Conta FEMBA 9B Charlotte Beers at Ogilvy & Mather Worldwide (A) Document purpose: suggestions to increase acceptance of Ogilvy & Mather’s new Vison on employees below senior executive management. Problem definition December 1993: Charlotte Beers assesses the progresses made by the company after she became CEO: she realizes that clients love the Brand Stewardship concept, but most employees, below executive levels, have not embraced the newly created Vison. The problem I will focus in this document is the following: the majority of employees did not embrace the new Vison. I will analyze why this is a key problem, why it is happening and I will propose steps to accomplish more acceptance. Analysis Brief Background Major events have shaped the history of the company in the recent years: first the hostile takeover, 1989, then the loss of key accounts and credibility in the business. Many key senior employees have left in the 2 years following the takeover. The company Vison has been: “just keep doing the same thing, just better”, but the world around has been changing. The marketing business has clearly become more global in nature, with "mergers to form mega-agencies and the concept of transporting brands around the world", and customers are demanding for “more service at lower costs”. Re-creation Technically the type of organizational change Beers has to face as new...
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...Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. An offer is an indication by one person to another of their willingness to contract on certain terms without further negotiations. A contract is then formed if there is express or implied agreement. A contract is said to come into existence when acceptance of an offer has been communicated to the offeror by the offeree. One party, the offeror, makes an offer which once accepted by another party, the offeree, creates a binding contract. The Key concepts in relation to offer and acceptance include the distinction between an offer and an invitation to treat, The case of Carlill v Carbolic Smoke ball co. is...
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.................................................................................................................................. 19 Objective ................................................................................................................................................. 20 Success Criteria or Expected Benefits ..................................................................................................... 21 Funding ................................................................................................................................................... 21 Major Deliverables .................................................................................................................................. 22 Acceptance Criteria ................................................................................................................................. 22 Milestone Schedule................................................................................................................................. 27 Approval Requirements .......................................................................................................................... 28 Project...
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...Consumer Acceptance and Response to SMS Advertising Kyle Jamieson This thesis is presented for the degree of the Master’s of Philosophy of Curtin University 1 March 2012 DECLARATION To the best of my knowledge and belief this thesis contains no material previously published by any other person except where due acknowledgement has been made. This thesis contains no material which has been accepted for the award of any other degree or diploma in any university. Signed 25/03/2011 2 ABSTRACT The rising market penetration of the mobile phone and rapid increase in wireless technology represent significant opportunities for advertisers to reach consumers. Mobile phone advertising has emerged as one of the fastest growing advertising mediums in recent times, and this rise is being led by Short Message Service (SMS) advertising. Despite the growing number of worldwide companies adopting SMS advertising, very little is understood about consumer reactions to this medium. In particular, little academic research has been conducted on consumers’ acceptance of this medium and their behavioural responses to advertising messages. In addition, researchers have thus far been unable to identify the impact of culture on acceptance and response to SMS advertising. This research aims to bridge the gap between academic knowledge and advertising practice by testing five potential drivers of consumer acceptance of ...
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...INTRODUCTION: In this particular case are there many contractual terms that are used. So, to solve this case or before giving any judgement, we need to define these terms and gain sufficient knowledge about them. The first and the most important thing we need to know is: What is a contract? A contract is an agreement which is enforceable by the court of law. For a legal contract there has to be an offer and its acceptance. “Acceptance occurs when the party answering the offer agrees to the offer by way of a statement or an act. Acceptance must be unequivocal and communicated to the offer or the law will not deem a person to have accepted an offer merely because they have not expressly rejected it. Some modifications to the rules of offer and acceptance have been made to protect consumers by sections 18 and 41 of the Competition and Consumer Act 2010 (Cth) schedule 2 Australian Consumer Law (“ACL”) for example, invitations or offers to purchase cannot be misleading or deceptive.[2] Thus acceptance is a very important concept of contracts. Generally a valid contract has acceptance. The different types of contracts are: Formal Contracts and Simple Contracts. “A simple contract can be totally written, partly written and partly “oral” (verbal), or totally oral.”[2] But in this case a standard form of contract prevails between the two parties. A standard form of a contract is defined as: A standard form contract (sometimes referred to as an adhesion or boilerplate contract) is a contract...
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...nanorobots self-replicate. In order to self-replicate they require raw materials and those raw materials are found all around us, the resulting process creates grey goo(or a nanobot swarm). The nightmare scenario is that we would create a runaway self-replicating machine that would turn into a plague and destroy all life, turning everything into Grey Goo.(Jones,2004) PUBLIC PERCEPTION AND ACCEPTANCE Change is not always accepted nor is it quick to enter the market. So it has been with the acceptance of Nanotechnology. Genetically modified (GM) foods are one such advancement that has had problems entering the world’s food markets, with some countries outright banning the sale of GM foods. Early education showing future, tangible benefits will be key in the wholesale acceptance of these new technologies. It will be the lack of these tangible benefits that will keep the public hesitant in accepting nanotechnology. (Siegrist,2009) Even though for the most part the US has been accepting of nanotechnology much of Europe has been contained in their acceptance. Most of the reasons behind this division of acceptance were primarily due to the lack of knowledge or the understanding of technology behind nano and the inherent risk that might be associated with it. Still citizens hope that nanomedicine will live up to some of the claims that it will help in the cure of disease and improve the quality of life. (Burri&Bellucci,2007)...
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...(ibid) and unless measures are taken, many citizens will be living without a basic human right. Since Sudan cannot rely on rainfall which is sporadic and concentrated in 4 months for most areas (Omer, 2008), water management techniques need to be implemented to ensure availability of potable water. Sudan is bordered by the Red Sea to the east which makes desalination a viable option but the cost implications and negative effects on the environment make it unattractive. Another option worth considering is water recycling which seems to be lower in cost while having fewer negative effects on the environment. This report will compare the feasibility of both desalination and water recycling techniques, in terms of cost implications, social acceptance and environmental effects, and will recommend water recycling as...
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...professional technical leader and efficient manager. ( Willing to work in an environment where I can utilize my experiences and always get the feelings that I am developing through my works. JOB EXPERIENCE : 5 Years in the field of telecommunication sector and one year in data communication field KEY EXPERIENCES : ❖ Experience on Quality Audit and Acceptance: ➢ 3 Years work experience in Grameenphone Ltd. (A sister conern of Telenor) as a highly performing quality controller and acceptance engineer. I’ve the strong sense and good knowledge on international standard procedure of installation and acceptance of GSM network, Transmission backbone & Optical fibers. ❖ Technical Experience on GSM Network & Power System: ➢ In depth knowledge and installation, commissioning & Maintenance of Ericsson 2202, 2206,2206V2 GSM RBS and HUAWEI 3900 BTS. ➢ Installation, commissioning, acceptance and critical fault handling of PDH transmission network specially PASSOLINK, PASSOLIN+, NEC NEOC, SRAL, SRAL XD, OPTIX RTN equipments. ➢ Practical experience on acceptance and trouble shooting of both MW and optical SDH elements and MUX equipments like SRA4, SRA3, hiT 7050, hiT 7070, SMA, PASSO+(1+1), NEO,DWDM MUX, SIEMENS DI MUX etc. ➢ Basic knowledge and 1st level fault handeling of DC power system like BSMC, BSMC BD, ELTEK and DELTA rectifier. ➢ Operation and maintenance of various types of auto generators with...
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...websites are available on the Internet with information on the various diversity groups in America. The U.S. population’s diversity is influenced by immigration. There are both benefits and challenges to having such a diverse population. Fostering a culture of acceptance in society is key to reaping more benefits and reducing challenges. Mass media has an influential impact in society, perpetuating stereotypes or building appreciation for diversity. If individuals and the U.S can come together, they can reduce prejudice and increase acceptance and tolerance. Final Paper The plethora of information about diversity in the United States can give someone a better understanding than they may have previously had. Through understanding, a person may be able to better relate to someone that is different. Many websites are available on the Internet with information on the various diversity groups in America. The diversity of the U.S. is ever changing with immigration and inter-racial couples having children. As the country becomes more diverse, we will face challenges as well as receive benefits. The key to reaping more benefits, while reducing the challenges, is to foster a culture of acceptance in society. The media plays a large influential role in society and can work to perpetuate stereotypes and prejudice or build appreciation for diversity. Working together, the government and the people can work to reduce prejudice through education and intervention...
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