...2011 The meaning of life (cycle) What is an asset lifespan? What do we mean when we say “life cycle”, and “whole life planning”? John Woodhouse, Chair of the Experts Panel for the IAM, has been addressing these issues in his role as representative for the UK on the ISO PC251 development of asset management standards (ISO 55000 family). Here, he outlines the issues and some of the options being considered. recognition of need through to disposal and any residual risks or liability period thereafter (“from lust to dust” – see figure 1). This proved a good catalyst towards “long-termism” and better consideration of asset requirements in the first place. And it certainly has helped to break down barriers between engineering design and projects, procurement, operations or asset usage, maintenance or asset care, and renewals or decommissioning. But what is optimal “life cycle asset management” for the assets that pass from one organisation to another – for example, buying and selling (see Figure 2 on page 10). Or, indeed, for which responsibility might be split, either functionally (such as construction T here is plenty of lively debate underway about the appropriate terminology and scope for such things as asset life cycles, whole lives and life cycle activities. At the simplest level, the principles are clear: for a discrete component – with a creation stage and a period of usage, leading to ultimate disposal – we have no problem with the concept of a life cycle. It becomes...
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...multi-level, cyclical and overlapping. Managers must be able to operate at all levels. btw, You can apply this methodology to everything in life. Not just the business world, but in your own personal environment as well. Strategic Planning – This is the highest level and usually done by senior management. The decisions on the objectives, committing resources such as money, time, and people in general is done here. Examples: In business, it means how much money is going to be dedicated to a project, and by when you expect the project complete. In personal life, suppose you plan a wedding, it means deciding on the budget and the date. Tactical Planning – This is the implementation of the strategic plan stage. Combining your available resources, look at obstacles, review alternatives Examples: In business, it means an analysis of resource combination, planning for obstacles, and general timetable. In personal life, for the wedding, it means, finding the place, developing a guest list, deciding on a menu and music. Operational Planning – This is a much more detailed level of strategic and tactical plan. Here, managers chosen to work the plan develop a specific plan to execute the strategic plan. Examples: In business, it means engaging the team, develop and answer the who, what, when, where, how management questions. In personal life, for the wedding, it means, choosing the band, finding the caterer, decide on flowers, etc. As you can see, the difference is the three...
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...IT Organizations, Projects and Project Life Cycles Case Assignment May 2014 Term June 08, 2014 Assignment: Prepare a 4-6 page paper addressing the following issue with a special focus on the project of a Household Move: “Discuss Various Stages in the Project Life Cycle Based on the Type of IT Organization Structure You Have Seen” Discuss Various Stages in the Project Life Cycle Based on the Type of IT Organization Structure You Have Seen (Household Move) For this assignment we are asked to review a few very well-respected project lifecycle guides and synthesize our own personal experience of the project lifecycle in terms of planning a household move. Throughout this module we have examined various different accepted different stages in managing our programs, such as those presented by the NYS Project Management Guidebook, Barron & Barron as well as Johnathan Carr. These are all discussed in some form or fashion on PMHut.com which is well-respected for providing project management information. Based on my own personal experience with project management I will use the phases as presented by Johnathan Carr primarily; however, I will also indicate the terms used by the other sources and how they correlate to the phase I am referring to. These phases are: Concept Phase, Planning Phase, Development Phase, Implementation Phase and Closeout Phase. Also, within each phase I will describe the parts of my household move plan as they apply. Project Managers (PM)...
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...The definition of an everyday leader is a person to who leads by example every day. An everyday leader has daily goals and develops plans to achieve those goals. The everyday gets results. An example of an everyday leader is a real estate mentor, Dale Walmsey who is the founder of “Life Styles Unlimited.” Life Styles Unlimited is a real estate educational and mentor group located in Houston, Dallas and San Antonio, TX. Dale taught me and others how to find, purchase, run and then sell real estate for a profit and to build passive income and wealth. Dale taught me there was a different way to generate wealth and that was through the acquisition of real estate. After meeting Dale, I became educated in the art of buying real estate. My...
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...Home Examples and samples Personal development plan final reflection essay Personal Development Plan Final Reflection Essay In my previous personal development plan, I had made several initiatives through which I hoped to achieve certain goals both in academics and in social life. In the previous personal development plan, I had embarked more on the process that I believe would help me to think about my own learning, performance and achievements as well as to plan my personal, educational, social and career development. Since I made the plan within the PDP, there are certain changes that I have witnessed happening in my career, social and learning areas. For example, I have noted that for the last one semester, I have improved in a number of areas that I had pointed in my last PDP. In academics, I have achieved a lot, as my average grades have improved from the previous B+ to an A. This is primarily because I was able to develop clear SWOT analysis, in which I recognized my strengths, weaknesses, opportunities and threats not only in academics, but also in my social life, extra-curricular activities and any other activity I took. With this plan, I worked hard to perfect my strengths, correct the weaknesses and make them my strong points, utilize the opportunities placed within my abilities and finally recognize and avoid any negative effect that was posed by the threats in the SWOT analysis (Bolton 2010). From these considerations, I recognized that some...
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...Center News Room Learning Center > Article Library > Flexible Irrevocable Trust Add Flexibility to Irrevocable Life Insurance Trusts By Elizabeth B. Taylor, Director - Estate Market and Barbara A. Bombaci, Director - Advanced Planning Given the present uncertainty about future transfer tax rules, an estate plan should be drafted to provide as much flexibility as possible so it can adapt to changes. To a great degree, estate planning is the art of dealing with uncertainty. When will someone die? What will his or her estate be worth at that time? What will happen in the meantime? How will beneficiaries turn out? Furthermore, the current state of transfer tax legislation adds one more aspect of uncertainty: What will the tax laws be in the future? For most clients, what happens to our transfer tax rules this year or next year is not particularly relevant. Most clients considering their estate plan now are going to live for decades into the future. The transfer tax rules are likely to change multiple times before their estate plan (at least the “at death” portion) is implemented. One response in the face of so much uncertainty is to do nothing – freeze up. Another, better response is to plan, but with as much flexibility as possible in order for an estate plan to adapt to changes in the future. But with planning that is irrevocable – irrevocable life insurance trusts (ILITs) in particular – flexibility seems impossible. Yet this is not so. With a little creativity,...
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...PRODUCT WRITE-UP PLAN NAME: PLAN CODE: LAUNCH DATE: Great Treasure Wonder (EDM-GTW) 0405 2 May 2012 Offer Period: 2 months, from 2 May 2012 to 2 July 2012 (based on proposal submission date and both dates inclusive), or until sales amount reach RM100 million, whichever occurs first. PLAN DESCRIPTIONS 1. This is a limited pay Endowment plan with participation in profits. st 2. Survival Benefits are payable every 6 months starting from the end of the 1 policy year. 3. Term of Assurance and Premium Payment Term offered. Term of Assurance 20 years 25 years Premium Payment Term 5 years PLAN BENEFITS 1. Death Benefit Upon death of the Life Assured, the Company will pay (a) sum assured at time of death; (b) accumulated survival benefit (if any); (c) any cash bonus (including accumulated cash bonus, if any); and (d) terminal bonus on death (if any); in one lump sum. In the event of death of the Life Assured occurring before age 5 years next birthday, a child lien as follows shall apply: Age Next Birthday on Policy Sum Assured at Time of Death Anniversary Preceding Death 1 20% of sum assured 2 40% of sum assured 3 60% of sum assured 4 80% of sum assured Note: Sum assured is defined as basic sum assured + additional sum assured (if any) 2. Additional Sum Assured An additional sum assured will be payable upon occurrence of the following event: (a) Death of the Life Assured; or (b) TPD of the Life Assured prior to the age of 65 years next birthday; or (c) Maturity of the policy;...
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...profit margin because the customers has a very high demand of automobiles and they know the automobiles market very well. Second, target costing for a product includes direct manufacturing costs direct materials, direct manufacturing labor, and direct machining costs. (Cost Accounting. Page 519). Analyzing each cost element and eliminate the unnecessary value-added is one of the cost management goals in the target costing system. In order to have a competitive price, Nissan managers have to eliminate some value-added costs which are unnecessary and not so helpful for the automobile manufacturing and selling process. Target costing can shorten the product lives and save Nissan company time to do marketing and financial management. A good example in the Nissan case it that they eliminated the "five-door variant" because it is unnecessary. Last, target costing system helps Nissan build a cross-functional team. The design department, manufacturing department, sales department and management department work together to analyze the cost drivers and eliminate the unnecessary steps. This is very helpful to build a healthy organizational culture through team work and cross department projects. However, there are some weaknesses of the target costing system. Fist, every value-added cost has a reason to exist. It could be adding some function to the automobile, or it could be making the automobile look...
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...WEEK 2 DQS Dq 1 How might a lifestyle choice affect the demand for health care services? The health status of every individual is relative to environmental and heredity factors. In general, the average individual doesn’t have control over their genetic makeup; however, there behavioral lifestyle is and it influences their overall quality of life. Environmental factors are things that an individual can always alter to improve their health. For example, changes in their diet, physical maintenance, and stress. The decisions from the initial case deal with treatment; further along there is areas of discipline, education, responsibility, and adopted healthy lifestyles. With this in mind, the wrong decision will equally influence health care supply and demand significantly. For example, the increasing rate of diabetes in the country is a result of either decision. Type 1 diabetes is a hereditary form of the virus caused from the digestive system not processing insulin. However, type 2 diabetes is caused by environment influences which cause the pancreas to insufficiently produce insulin. Type 2 diabetes is usually caused by obesity. In fact, I researched this information before for a previous class and its been proven that 95% of all diabetes infected individuals have type 2 diabetes. The overall number of individuals with diabetes make up 30% of the U.S. population. The number of individuals with the disease began to spike in the mid 1990’s and the demographic equally expands...
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...Four, Module Six, and Module Eight. The final submission will occur in Module Nine. In this assignment, you will demonstrate your mastery of the following course outcomes: Assess the relationship of systems analysis, design, implementation, and development processes as they relate to the management of information technology systems Communicate the paradigms, processes, and activities of systems development to diverse audiences Apply structure and object oriented analysis modeling techniques to analyze, design, and manage information technology systems Construct written and visual representations of the analysis, design, implementation, and management of information technology systems based on the systems development life cycle Prompt You will select your own case study and will apply the content provided, describing the business process to complete the final project. Alternate sources for case...
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...MKT 230 Complete Course MKT230 Complete Course Click below link for Answer http://workbank247.com/q/mkt-230-complete-course-mkt230-complete-course/20687 http://workbank247.com/q/mkt-230-complete-course-mkt230-complete-course/20687 MKT 230 Week 1 Discussion Assignment 1 Autobiography By Thursday, November 5, 2015, submit your autobiography to the appropriateDiscussion Area. Include the following information in your autobiography: * Name * Profession * What is your reason for taking this course? * How can a course in marketing help you with your objectives? * Think of any two instances from your life when you did some kind of marketing. * Do you think that having a formal education in marketing would have made you react differently in those situations? Take note of your reply to this question and compare it with your views after you have completed the course. MKT 230 Week 1 Discussion 2 Assignment 2 Identify Product & Marketing Mix 1. Select/ identify a major consumer product and the company that makes it. Provide a brief history of them both. (Select an existing publicly owned company. View the link Public Companies for a comprehensive list of publicly traded companies.) 2. Identify/ create/ build a Marketing Mix for this product as it is today. 3. Discuss any potential ethical or social responsible issues that could arise from the marketing of this product. Your post should be written about the marketing activities of a well-known...
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...elements of integrating innovation into a traditional total rewards program. And last, it recommends a process that optimizes an employee-based suggestion program to continually refresh the total rewards of the organization. 1. Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. In this century, every dimension of life changes so fast. In unison, the way of companies doing business, personal lives of employees and employers, and working environments change, too. To stay in the business, companies need to comply with these changes. Employees have changeable needs and companies need to make employees keep working with their comprehensive benefits. They must find innovative ways of engaging employees that encourage and support their commitment and improve their performance. Otherwise they will be out of the race. Also, in this century, in workplaces the diversity of workforce increases. Companies must understand and address the diverse needs of their workforce to survive, thrive, and stay competitive. For example, the dramatic increase on women in the workforce, resulting in the rise of the dual focus worker- workers focused on work and family, rather than on work or family- and the aging of the workforce are among the most critical factors shaping today’s workplace and affecting the way people live and work (Worldatwork, 2007, p. 519). Innovative benefits become a big issue for employees. During...
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...but also ensuring that those that are purchased are right for the project, meets standards and is based on project requirements. This life cycle includes tracking from order through deployment and completing with invoice reconciliation. All projects are defined by the purpose, objectives and deliverables. Properly defining these, as well as the other aspects of the project management plan will allow you to properly define the resources needed to successfully execute the project. Deliverables can take many forms. Hardware and software as well as services such as consulting can be deliverables. Each of these should be identified, and a determination needs to be made by the project team as to what the most effective method of obtaining the required resources. Once the initial interviews and requirements begin to be gathered, the Project Manager starts to evaluate the impact of the information gathered on the other knowledge areas in order to facilitate the planning processes. This process is continuously applied throughout the project, constantly evaluating the requirements of the project against the work being performed, using your Project Management Plan as verification. The Purchase process is the execution of the agreed upon strategy. This includes the creation of the Purchase Order as well as the requesting of internal resource, for example Material Handling, Data Techs, etc. Contract Administration is the formal process for controlling the delivery, deployment and reconciliation...
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...In my day-to-day life, I would like to address and solve the problem that I face with time management. I have found that in the past time management has been a major issue, not only in my personal life but also academically and professional. I am starting a new school, have a job and have a family to take care of. I want to make an effort to give all my endeavors my all, in order to do this I would like to refine my time management skills. To develop time management skills I plan on researching a plan of action from the textbook. The information that I have found was in Chapter one. The textbook gives various steps to better time management such as setting goals for you. Goals are an important part of life, but it is even more important for my time management plan. I will be seeking steps that the book suggests for time management and determine which steps will be beneficial for particular part of my life that I will be evaluating. Not all the steps will be beneficial for me, but most will. I will determine which steps will be necessary to use, for example, how my personal life will affect my professional life or how my academic life may affect my personal life. I will begin to set goals for myself before determining a time management plan. I will set short term goals along with long term goals for the part of my life that I need to work on time management plan. I will start with my long term goals that have the largest scope and a longer timeline to achieve. The timeline for...
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...Running Head: Dementia in older adults The issue of dementia in older populations is a very prevalent and growing issue. Memory loss and dementia are increasingly prevalent issues that affect older adults and their spouses (McClive-Reed 2010). Due to the fear that surrounds dementia in older patients, a prognosis could lead to a diminished sense of self and reduction in the quality of life, not just for said patient but also for the families or caregivers. In order to better understand dementia and those who suffer from it, let’s look at potential strategies and challenges to engage dementia clients, how to conduct a biopsychosocial assessment of dementia clients, and take ethical consideration into account in respect to a single client that I have chosen, EP. EP is a sixty-nine year old African American female who was previously diagnosed with dementia as well as depression. I met EP after she was admitted to the short-term involuntary psych unit at the hospital to which I am employed as a mental health associate, making me one of her immediate caregivers. She was admitted after proving to be a danger to herself during screening, where it became known that the patient stopped taking appropriate dosages of her medication and became unable to appropriately care for herself as a result. When EP is doing well with her medications, she is able to live a very independent and healthy lifestyle, but this lasts only temporarily as this is not the first time that she has been...
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