...Cost and Value Management Cost and value management is a very important part of project management. Cost and value management is an important part of project management because in order for a project manager to complete a job successfully they must be able to manage the cost of the project and be able to create and increase the value of the project. This paper will discuss the importance of work packages to support the creation and the use of WBS and how to establish a cost and schedule performance measurement baseline. This paper will also show examples of earned value management and how EVM will help a project manager to understand project statuses. This paper will also discuss how a project manager uses project control charts to show project status and represent value and describe an effective change management process to ensure a successful project. Work Packages Support A work package is part of the work breakdown structure which lets the project manager define tasks at the same level. The work packages are an important part of supporting the creation and in using the work breakdown structure because without it there is no way of telling what the subdeliverable level of a WBS includes. The work packages would include the start and finish date of each point, a budget for each section if needed and it helps to keep track of what has been done and what still needs to be done (Filicetti, 2011). An example of just how important a work package is important to a work breakdown...
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... DEGREE PROJECT SUPERVISOR PROJECT TITLE Engineering and Management Practice in UAE and Significance of its Post Economic Crisis DATE KEYWORDS Value Sustainable development Management Literature Review 1.1 Introduction Extensive research has been done on value engineering and value management over the past and as a result different concepts have been formulated and valuable literature has been produced. However, most of this research has been based upon cost effectiveness and other functional issues that have been arising over the past decades and why it is important to focus on this particular aspect. The literature has been reviewed, focusing on various aspects of value engineering and value management and its importance in construction industry, so as to obtain a better understanding as to the role of sustainability in civil engineering. Literature has also been reviewed into what factors lead to the implementation of basic principles of value engineering and value management. 1.2 Value Value is a term which is difficult to define by most scholars. It carries different meaning and weightage for different people. It is commonly linked with product cost or product manufacturing price and service cost (Cheah and Ting, 2005). Typically, it is defined as the ratio of the product worth which it carries for a person and the price he / she pays for it. 100 percent value can be achieved if the product or service received is worth the money which...
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...http://www.slideshare.net/kamleshn/values-organizational-culture file:///C:/Users/IMCC/Downloads/486.pdf https://www.google.com.ph/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&cad=rja&uact=8&sqi=2&ved=0CF8QFjAJ&url=http%3A%2F%2Forganizations.haifa.ac.il%2Fhtml%2Fhtml_eng%2FDolan.pdf&ei=rjPTU7GNM9L9oATmmoKIBg&usg=AFQjCNGcc2oyLA2pMfnItnff7ILjyLy9Rg&bvm=bv.71778758,d.cGU FILIPINO MANAGEMENT STYLES In: Philosophy and Psychology FILIPINO MANAGEMENT STYLES Management style tends towards the paternalistic as is often found in strongly hierarchical cultures. However, managers need to be aware of certain strong Filipino characteristics, which underpin personal relationships within the country. Firstly, people are extremely careful to ensure that others do not suffer embarrassment or any sense of shame (hiya) as a result of their own actions or their inability to meet the expectations of others. It is considered to be very bad behavior to criticize another in public, as this is the greatest insult that can be given. To be openly criticized in public results in a loss of self-esteem and personal dignity. Any attack on an individual's self-esteem may have to be revenged. Therefore, managers are keen to treat subordinates with respect whilst, at the same time, maintaining the dignity of the position of boss. Instructions will be given clearly and precisely and subordinates will be expected to follow those instructions with little or no discussion. Secondly, relationship bonds run...
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...Тренінгове завдання № 7 «Анотація» Господинюк Євген, Добров Сергій ЕЕП-407 УДК Світлана Михайлівна Клименко* Наталія Валентинівна Шевчук* ФУНДАМЕНТАЛЬНО-ВАРТІСНИЙ АНАЛІЗ ЯК ОСНОВА РОЗВИТКУ УПРАВЛІНСЬКОЇ БІЗНЕС-АНАЛІТИКИ У даній науковій статті представлено авторське бачення використання фундаментально-вартісного аналізу як основи розвитку управлінської бізнес-аналітики. Логіка змістовного наповнення фундаментальної вартості представлена в контексті дослідження цінності, фундаментальної вартості та ринкової капіталізації. В основу методології фундаментально-вартісного аналізу закладено концепцію економічного прибутку, який формується на основі порівняння прибутковості капіталу та витрат на капітал. Формування витрат на капітал знаходиться в фокусі фінансової аналітики, а обґрунтування відповідних рішень щодо структури капіталу відбувається на основі традиційно визначених критеріїв. Ключові слова: фундаментально-вартісний аналіз, капітал, вартість, цінність, ліквідність, ризик, доходність. ФУНДАМЕНТАЛЬНО-СТОИМОСТНОЙ АНАЛИЗ КАК ОСНОВА РАЗВИТИЯ УПРАВЛЕНЧЕСКОЙ БИЗНЕС-АНАЛИТИКИ В данной научной статье представлено авторское видение использования фундаментально-стоимостного анализа как основы управленческой бизнес-аналитики. Логика содержательного наполнения фундаментальной стоимости представлена в контексте исследования ценности, фундаментальной стоимости и рыночной капитализации. В основу методологии фундаментально-стоимостного анализа заложена концепция экономической...
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...Australian Journal of Public Administration, vol. 66, no. 3, pp. 353–366 doi:10.1111/j.1467-8500.2007.00545.x RESEARCH AND EVALUATION From New Public Management to Public Value: Paradigmatic Change and Managerial Implications Janine O’Flynn The Australian National University Both practitioners and scholars are increasingly interested in the idea of public value as a way of understanding government activity, informing policy-making and constructing service delivery. In part this represents a response to the concerns about ‘new public management’, but it also provides an interesting way of viewing what public sector organisations and public managers actually do. The purpose of this article is to examine this emerging approach by reviewing new public management and contrasting this with a public value paradigm. This provides the basis for a conceptual discussion of differences in approach, but also for pointing to some practical implications for both public sector management and public sector managers. Key words: new public management, public value, role of managers Public sector reform has been a common experience across the world despite its different forms and foci (Pollitt and Bouckaert 2004). Commonly as scholars and practitioners we refer to the reforms of the last few decades as ‘new public management’ (NPM) which, for Hood (1991), represented a paradigmatic break from the traditional model of public administration. During this era several countries became exemplars...
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...2010 MGMT 290-1004A-10 Professor Marta Leonida Requirements of Value Chain Management What is value chain management? Value chain management is the process of managing the sequence of activities and information along the entire value chain (Robbins, Stephen P. and Coulter, Mary. (2009) Management (10th ed.) Published by Prentice Hall.) Value chain management is externally oriented and focuses on both incoming materials and outgoing products and services. Value chain management is effectiveness oriented and aims to create the highest value for customers. 1.) Where is collaboration/coordination needed? Collaboration/ coordination is the process where two or more people or organizations work together to reach a common goal. When it comes to dealing with any type of sharing information, like done between supplier, the manufacturer, and the manager. Each one of the parties involved must be willing to be honest, flexible, willing to share all information, and the most important they have to communicate with each other. 2.) How might technology benefit the organization? Today with all the advances in technology to help organizations keep their customers completely satisfied. This is what helps to build a better relationship between customer and the workers 3.) Why evaluate organizational processes? The organizational process is the way the organizational work is done. This would mean in a value chain management situation is to make sure that everyone is doing what is needed...
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...A multi-talented and qualified IT Service Delivery and Change Management professional with over 14 years experience in technical and service management roles across banking and finance, federal government and retail. Plays a leadership role in critical delivery engagements, ensuring operational excellence in service delivery execution and to assure customer objectives and business, innovation and operational outcomes are achieved. Recognised as a trusted advisor, assesses customer requirements and influences service delivery methods and execution improvements through the eyes of the customer. • Service Delivery Management • Change Management strategies • Process Ownership • ITIL Incident Management • Communications Management • Tool Set Management...
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...PM 341 Project Cost and Budget Management Winde Chavez Writing Assignment 1.1 Jill Horsley September 17, 2013 Importance of Cost and Value Management When the State of Massachusetts formally assumed control of the Boston CA/T from the Massachusetts Turnpike Authority (MTA), there was a concerted effort to pinpoint the causes of “the most expensive highway project in American history”. The MTA concluded that the project suffered from poor cost management and lack of adequate oversight from the project managers. They key features that define project success are: • Managing cost to achieve efficiencies, and • Creating and enhancing value. These two elements enable project stakeholders to understand the activities and resources required to meet project goals, as well as the expenditures necessary to complete the project to the satisfaction of the customer. The management processes that can help project managers deal with the cost aspects of a project are: • A clear, complete, and unambiguous definition of the project and the scope of work involved • A thorough assessment of the potential risks involved, with well thought out action plans to minimize their possible impact • A well-trained and competent project manager • A thorough understanding, by all stakeholders, of the various types of costs that are likely to be incurred throughout the life of the project • A project organizational culture where there is free flow of...
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...Title: Value Chain Management Name: Yu Yat Ho Fish Topic: Starbucks–Human Resources Management Sub-Title: Employee Relation TABLE OF CONTENT 1. Executive Summary………………………………………………………………………………P.3 2. Introduction a. Company background……………………………………………………………………..P.4-5 b. Company Mission and Principle………………………………………………………P.5-7 c. Benchmark……………………………………………………………………………………..P.7-8 3. What is Value Chain Management?..........................................................P.9-11 a. Corporate Strategy………………………………………………………………………….P.12 b. Business Strategy…………………………………………………………………………….P.13 c. Functional Strategy …………………………………………………………………………P.13-14 4. Implementation of Human Resource Strategy by Employee Relation Practice a. Model of Communication………………………………………………………………..P.16-20 b. Employee Involvement…………………………………………………………………….P.20-26 5. Influence of Starbucks Human Resource Management to: a. Customers………………………………………………………………………………………..P.27-28 b. Business Process……………………………………………………………………………….P.29-30 6. Conclusion…………………………………………………………………………………………P.31 7. Appendix……………………………………………………………………………………………P.32-33 8. Bibliography………………………………………………………………………………………P.34-36. 1. Executive Summary What made Starbucks one of the most extraordinary companies in the world? I suggest that their core people-driven philosophies play a great part of it. The success of Starbucks is driven by the people...
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...d. Key Stakeholders Analysis Disaster affected people is a composite category. It includes different groups of people with varied economic and social background. However, the poor and extreme poor people are most affected due to their fragile economic condition, presence in risky locations and no potential for self recovery. They try to cope with the situation through multiple strategies. Firstly, austerity – mange situation with resources available (e.g. eat less, distress selling and desertation etc. ); secondly, forfeiture – make sacrifices to ensure survival (e.g. accept low wage for labour, accept bondage for advance payment of wage, send children to work for income, sell assets, leave home to seek job and income) and thirdly, requital – try accessing additional resources (e.g. seek loans, seek gift in kind, seek relief). Generally, disaster affected people do not perceive that they have any entitlement. They depend on immediate relief for the emergency period through NGOs, and GO. They are more dependent on the ‘safety net’ programmes of government as most vulnerable groups. CBOs – a community based formal set up, it is civil society non-profits that operate within a single local community. They are essentially a subset of the wider group of nonprofits. Like other nonprofits they are often run on a voluntary basis. It has ability to respond in emergency promptly due to its presence within the affected society. However, their capacities and resources are very limited....
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...Rochester Institute of Technology RIT Scholar Works Theses Thesis/Dissertation Collections 1999 Assessing career value of hospitality management curriculum from program alumni James Reid Follow this and additional works at: http://scholarworks.rit.edu/theses Recommended Citation Reid, James, "Assessing career value of hospitality management curriculum from program alumni" (1999). Thesis. Rochester Institute of Technology. Accessed from This Thesis is brought to you for free and open access by the Thesis/Dissertation Collections at RIT Scholar Works. It has been accepted for inclusion in Theses by an authorized administrator of RIT Scholar Works. For more information, please contact ritscholarworks@rit.edu. ASSESSING CAREER VALUE OF FROM HOSPITALITY MANAGEMENT CURRICULUM PROGRAM ALUMNI by James A Faculty of thesis the Food, Re id R. submitted Hotel to the Travel and Management at Rochester in partial Institute fulfillment for the of of Technology the degree of Master of August Science 1999 requirements FORM I ROCHESTER INSTITUTE OF TECHNOLOGY School of Food, Hotel and Travel Management Department or Graduate Studies M.S. Hospitality-Tourism Management Presentation or ThesislProject Findin2S Name: J_am_e_s_R_e_id Title of Research: Date: 7/21/99 SS#: Assessing. Career Value of _ Hospitality Management Curriculum From Program Alumni Specific Recommendations: (Use other side if necessary.) Thesis ~ommittee: (I} _D_r_...
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...organizations Understanding the Process of Transitioning to Customer Value Management B Muthuraman, Anand Sen, Peeyush Gupta, DVR Seshadri, and James A Narus Executive Summary KEY WORDS Tata Steel Customer Value Management (CVM) Business Markets Commoditization Spiral Value Creation/Sharing Customer Retention Customer Value Management (CVM) has emerged as an important vehicle for customer retention in business markets. Supplier firms under increasing pressure from relentless competitive forces are seeking to retain and grow the share of business from profitable existing customers as a means of finding a way out of downward spiralling price pressures. While a lot has been written in academics about the importance of CVM, several gaps remain on understanding how a large company actually undertakes this journey. Crafting competitive value chains and focusing on streams of competition are also emerging as important agenda for supplier firms since, increasingly, the end customer is no longer willing to pay for inefficiencies in the value chains. In this context, the challenge for a supplier firm in business markets is no longer restricted to getting its own operations in order, but, additionally, it must ensure that multiple interfaces that exist across the entire value chain all the way until the end customer are streamlined so that the value chain is free of value drains and every meaningful opportunity to create value is exploited. In this paper, the authors present the experiences...
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...Empirical research on the impact of fair value measurements on earnings management analysis Contents Abstract 1. Introduction 2. Background and hypothesis 3. Literature review 4、Methodology 5. Sample selection and description 6. The test on the earnings management universality 7. The Impact of the Fair Value Application on Earnings Management 7.1 Correlation Analysis of the Main Variables 7.2 The Empirical Test of Linear Regression Equation 8. Limitation 9. Summary References Appendix I . Appendix II . Abstract The impact of fair value standard application towards enterprise is far-reaching and important, mainly in measurement methods of the changes on assets and liabilities way. This shift of fair value measurement method helps business executives for some sort of motive or target to conduct earnings management, thereby artificially adjusted profits. The authors focus on the study of earnings management in the listed Corporation under the fair value model during the financial crisis. We investigate the correlation between the application of fair value accounting and earnings management for providing the policy basis to improve fair value accounting and standardizing corporate earnings management behavior. We collect the sample data by selecting the Chinese A-share listed companies, and use the modified Jones model as a tool to prove the listed companies in the existence of widespread earnings management behavior. Descriptive analysis and regression...
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...the value of management history Absorbing the past to understand the present and inform the future David Lamond Sydney Graduate School of Management, University of Western Sydney, Parramatta, Australia Abstract Purpose – The purpose of this paper is to consider the value of management history as a contributor to the development of the theory and practice of management and, to the extent that it is necessary to absorb the past in order to understand the present and inform the future, consider what happens to the knowledge base when the surviving “contributions” to the knowledge base are partial and, indeed, erroneous. Design/methodology/approach – The articles that constitute this special issue form the launching-pad for this discussion, with the ideas presented here combined with previous research and commentaries on the issues raised. Research limitations/implications – In The Life of Reason, Santayana said, “Those who cannot remember the past are condemned to repeat it”. Managers looking for the “next big thing”, without being able to incorporate it effectively into their experience, and the experience of those who are long gone, are condemned to repeat not just the past, but also the mistakes of the past. Accordingly, it is also critical for management scholars to both recognise and take advantage of earlier thinking and empirical work to inform their contemporary musings and research if they are to provide meaningful frameworks for practitioners. Originality/value – Drawing...
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...COALGATE Interim Report Ethics & Values in Management Submitted to: Prof. N.R. Govinda Sharma Submitted by: Group B3 - Ethereal FEBRUARY 10, 2014 SDMIMD Mysore Table of Contents 1 .Major Ethical issues ............................................................................................................................ 2 2. Ethical dilemma ................................................................................................................................. 3 3. Ethical Theories .................................................................................................................................. 5 3.1. Consequentialism ......................................................................................................................... 5 3.2. Utilitarianism ............................................................................................................................... 5 3.3. Ethical Realism (as espoused by Reinhold Niebuhr) (the lesser of two evils) ............................ 5 4. Approaches that can be followed to resolve these dilemmas and Issues ............................................ 6 References .............................................................................................................................................. 7 Bibliography .......................................................................................................................................... 7 1|Page ...
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