...Risk Management in Construction Projects Using Combined Analytic Hierarchy Process and Risk Map Framework Satyendra Kumar Sharma* This paper aims at developing a risk management framework for project risk management in construction projects and demonstrate its application in an ongoing construction project in Amravati, Maharashtra, India. The various risk factors encountered in construction projects and various risk management methods already in use are identified and then a framework is developed which combines the Analytic Hierarchy Process (AHP) and risk map methods. The data was collected from various stakeholders in the construction project. The findings reveal that the proposed framework helps managers to objectively find out the most important risk factor associated with the project and accordingly work towards risk minimization. Introduction Construction projects in today’s world are marred by risks which delay the completion of projects on time or result in excessive cost overruns. These losses are multiplied if the size of the project and investments made are huge. These risks may include unavailability of materials, erratic weather changes, lack of funds, low quality of sub- contractors (Wu and Olson, 2009), etc. Though the managers realize the importance of these risk factors and mitigating them, they fall short of an objective method to manage these risks based on a priority basis (Martin, 2006). They mostly use ad-hoc or unscientific methods like rule of thumb...
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...Administrator, National Aeronautics and Space Administration. Not all government agencies are required to comply with the FAR. The Central Intelligence Agency, the United States Postal Service, the Tennessee Valley Authority, the Federal Aviation Administration, and the Bonneville Power Administration all dictate their own procurement rules. The FAR consists of 53 parts and 2 volumes. Volume 1 is comprised of parts 1 through 51 and subchapters A through G. Volume 2 consists solely of subchapter H and houses the largest section of the FAR, Part 52. Part 52, Solicitation Provisions and Contract Clauses, explains the use of provision and clauses in solicitations and contracts, outlines solicitation provisions and contract clauses, and presents a matrix listing of FAR provisions and clauses by contract type. Government Delay of Work Included in Part 52 is clause 52.212-15, Government Delay of Work. This clause provides...
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...Aircraft Solutions (AS) Security Overview Introduction Aircraft Solutions is a well respected equipment and component fabrication company who provides a full spectrum design and implementation solutions to several industries which includes; electronics, aerospace, commercial and the defense sectors. Aircraft Solutions employs a range of highly qualified professionals and houses an immense production plant, with an overall goal of providing high-quality solutions to accommodate specifications from a wide range of customer demands. The following report is a security assessment on Aircraft Solutions and the primary objective in this assessment is to identify the existence of vulnerabilities present within the global context of Aircraft Solutions’ operations. An evaluation of the associated threats will be deduced, accompanied by the exposed weaknesses. This will be followed by an analysis of the degree of risk present. Finally, there will be a focus on the consideration of the consequences resulting from revealing of potential threats. Assessment Hardware and policy will be the main focus of this investigation. It will be narrowed down more to hardware issues. It is very curious that there is no firewall implemented between the commercial division and the Internet. The Defense Department must be routed through Headquarters, but the Commercial department is connected straight to the Internet. This is a significant vulnerability. The second weakness that will be...
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...and kill those responsible. He also becomes a rebel leader, fighting a violent terrorist crusade against dictatorship in Britain, set in the future and ruled by Norsefire, a fascist political party in a totalitarian government. The woman Evey, a protagonist in the film, is victim of an attempted rape by the secret police, when she knowingly breaks the law by leaving her house after curfew. The policemen used their status to create fear by threatening her in order to be respected and obeyed. In the opening scene, Lewis Prothero a TV host, announces that their successful country works through ‘Strength and Unity’, which is why immigrants, Muslims, homosexuals, diseases and terrorists all had to go, based on a ‘better’ judgment of their government’s religion, which in this movie is some sort of Christianity. ‘Strength through Unity, Unity through Faith’. The movie shows how government can manipulate its people, from fear to hope, Chancellor Adam Sutler was elected after a bioterrorist attack occurred which killed many. A cure for the virus getting discovered shortly after his election shows it was a plot engineered by Norsefire to gain power. The film makes plenty of political points and affronts the American government of today by making certain references about the war on terrorism and quoting the film “People should not fear their government. Government should fear its people.” As V hacks into the censored TV broadcasting system and plays his message, he raises the issues of how...
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...University of Phoenix Material Anti-Drug Legislation Matrix Complete the matrix by selecting three states to add below Federal. Then, answer each question listed in the first row for each corresponding law. | |Is marijuana |What are the |What are the | |What is the blood|Is there extreme DWI or DUI? If| | |illegal? Marijuana |penalties for |penalties for | |alcohol level for|so, what is the punishment? | | |is illegal in all |possession of |possession of heroin?| |a driving while | | | |three states. |cocaine? |Washington DC Heroin | |intoxicated (DWI)| | | |Currently the three |Both misdemeanor and |is a highly addictive| |or driving under | | | |states are in the |felony possession |drug. Because of | |the influence | | | |process of adapting |convictions require |this, possession of | |(DUI) | | | |a new law that |proof that the |heroin is classified | | | | | |considers purchasing|defendant knowingly |as a Class C | | | | | |marijuana in 2016. |and intentionally |felony charge. This |...
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... A Case Study on PNB- ALLIED BANK MERGING Submitted to the Faculty of Graduate School of Management Pamantasan ng Lungsod ng Maynila In Partial Requirement for the subject Financial Management 2 Submitted to: Dr. Josefina Dalandan Submitted by: Bernadeth R. Alagao Eron T. Pabalan Rona C. Lalusin GSM-MBA EXECUTIVE SUMMARY PNB COMPANY PROFILE • Established as a government-owned banking institution on July 22, 1916 with headquarters in the old Masonic Temple along Escolta, Manila, the then "Wall Street of the Philippines" in the bustling district of Sta. Cruz in Manila. • Primary mandate was to provide financial services to Philippine industry and agriculture and support the government's economic development effort. • "The First Universal Bank in the country" • On July 24, 1916, PNB established its first branch in Iloilo. • In 1917, PNB marked its entry in the field of international banking when it opened its New York Branch. The following year, it established five more domestic branches and another overseas branch in Shanghai, China. • "PNB launched the first on-line Electronic Data Processing System in the entire Far East" • In 1963, it established the National Investment and Development Corporation to engage primarily in long-term and equity financing of business ventures. • Between 1967 and 1979, PNB continued to expand its operations by opening offices in London...
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...{draw:g} {draw:frame} INTRODUCTION G3 Consultants Inc. has been faced with the assignment of determining the feasibility for HSBC Holdings to invest more money into their Argentine subsidiary. Argentina is currently in the midst of a recession that has lastednearly 4 years. After considerable help from the IMF in an attempt to control impending foreign debt, a mix of Argentina’s political and monetary policies has resulted in the instability of the Argentine economy and the suspension of payments leading to an uncontrollable build up of national debt. The questionable sustainability of the Argentinean government has led to a freeze in the cash flow of foreign investors in the country, consequently placing HSBC as one of the main investors to decide whether or not to permanently cut its losses and fully pull out of Argentina or believe in Argentina’s historical economic climate and continue to invest in the hopes of an outstanding upside to the current crisis. G3 Consultants Inc.’s objective is to evaluate and analyze the crisis and provide HSBC Holdings with a recommended course of action. KEY ISSUES Fiscal Policy Convertibility Plan Structural Reform Throughout the 1990s, G3 Consultants Inc. identifies Argentina as a relatively closed economy based on several factors and with little control to implement the necessary structural reforms. Firstly, the country was fairly closed-off to tradeand while it did remove some barriers...
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...Tertiary and Vocational Education Commission 1.0 Introduction: Tertiary and Vocational Education Commission (TVEC) was established in 1991 under the provisions of Tertiary and Vocational Education (TVE) Act. No. 20 of 1990. It has been functioning under the purview of the Ministry of Vocational Training and Rural Industries as a separate unit up to December 1999. The Presidential Task Force on Technical Education and Vocational Training recommended enhancing the capacity and capabilities of the TVEC in 1998. Accordingly, the Commission was re-established in December 1999 as a body corporate with additional powers on research and development and fund allocation under the provisions of the TVE Act. No.50 of 1999. 1.1 Vision A Technical and Vocational Education and Training (TVET) system where all seekers of training will have equal access to the highest possible standards of TVET, that assures gainful employment globally 1.2 Mission As the apex body in the TVET sector, we are committed to establish and maintain an efficient, effective and quality assured TVET system, which is relevant to socio-economic goals, and changing market needs. 1.3 Objectives The general objectives of the Commission are: a. Policy development, planning, co-ordination and development of the Tertiary Education and Vocational Education at all levels in keeping with human resource needs of the economy b. Development of a nationally recognized system for granting of Tertiary...
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...Question 1: If the game was played just once the scenario for suppliers would be very similar to the prisoner’s dilemma case we discussed in game theory. Here both buyer and suppliers have dominant strategy. It would have been beneficial for both of suppliers if they could coordinate but as in this case they can’t, safest way is to bid at lowest cost. From buyer’s perspective, he will make maximum profit if he goes with lowest bid so that even in case of crisis, if supplier decides not to fix, buyer would have enough scope to cover the fixing cost. So, there is very less probability that Buyer will award contract to higher bid and any of supplier will bear the fixing cost. Decision tree & Payoff matrix: supplier A Supplier B $11 $14 $11 Allocations 50 100 Allocations 50 0 0 50 $14 100 50 Buyer Crisis Fixed A Yes $11 Yes No Buyer No Yes $14 Yes NO B No In the above case buyer would choose...
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...VBZ Intel Agency IT Virtualization (ITV) Enterprise Architecture Framework VBZ IT Virtualization (ITV) Enterprise Architecture Framework (Roadmap to the Cloud) In a world of dynamic requirements and mandates for more IT computing power, less power consumption, reduced budgets, and resources businesses are continuously faced with the challenge to quickly respond to ever changing customer demands, growth opportunities and market changes. VBZ’s Virtualization Framework provides the blueprint for business owners and stakeholders to assess and transform their IT environment to improve their bottom line, to meet fluctuating demands and to comply with mandates through the implementation of an agile and adaptive IT infrastructure powered by “Virtualization”. Overview VBZ’s ITV Framework is a hybrid Enterprise Architecture framework that can be mapped back to Zachman, Spewak, and FEA. The ITV Framework for the purpose of my project provides VBZ the blueprint to virutalize all or parts of its IT environment. This framework provides a holistic view of the IT activities as the virtualization occur and the impacts of those efforts on the current environment. . The ITV framework is the mechanism to facilitate structured communication amongst stakeholders to enable clearly defined measurable success. It allows the stakeholders to assess and implement the virtualization plan that will best meet their immediate business needs, with the end goal of a...
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...THE OBJECTIVES * Nigeria Expansion * Mass production of poultry using technology * Two to three years recovery of capital F. AREAS OF CONSIDERATION SWOT Analysis STRENGTHS | WEAKNESSES | * One of the ten leading pharmaceutical companies in the world * 15% of Hygeia’s total sales come from agricultural activities * Capability to mass produce poultry * | * Hygeia’s core competency is not in the agricultural business | OPPORTUNITIES | THREATS | * Over a third of its income is generated outside the US * Opportunities in pharmaceutical products for animal due to low cost of R&D * Opportunities in Nigeria due to observed economic growth * Nigerian government’s plan to increase agricultural output to address food supply problems i.e. lack of protein foods * Possible government support * Though Hygeia is not producing...
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...1.0 Barriers to entry Porter's five forces model is often used to access an industry's attractiveness. pg 59. The degree of the barriers to entry lead outcomes at variance. Following are the barriers to entry and also the crucial factors that new entrant not to be overlooked. The large economies of scale is the major barrier to entry for entrant. With the incumbents controlling the productions, quantity of cars that produced are overwhelmed; in results, low production costs. However, new entrant will be required to produce similar amount of cars to reduce the production costs. It might be difficult for the new entrant as the demand might be not as positive than incumbents. Following by the absolute cost advantage, in comparison to incumbents, new entrant could be losing at the beginning stage because the inexperienced factor could be lead to higher production costs. For new entrant that performs exceptionally brilliant, they would need to face expected retaliation as the incumbents will not be intimidated and will be follow up with forms of full force revenge to protect their positions in the automotive industry. Price war would occurs whereby the incumbents that have lower unit costs per car, able to slash the price to the minimum margin. Reality hits new entrant when they need to possess the higher capital requirements in order to compete or in the attempt of matching up with the incumbents. The consequence if new entrant failed to do so, will be facing strategic drift...
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...|[pic] |Syllabus | | |College of Natural Sciences | | |HCS/490 Version 2 | | |Health Care Consumer: Trends and Marketing | Copyright © 2010, 2007 by University of Phoenix. All rights reserved. Course Description In this course, students will have the opportunity to examine the traits, trends, and needs of today's health care consumer. Students will examine current consumer information for readability, implications for the selection of products and services, and differentiation of health care web sources. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality...
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...WRITTEN ANALYSIS AND COMMUNICATION-1 Video Concepts,Inc Assignment 1 Submitted to: Dr. Gita Chaudhari By Anirban Chandra On September 2, 2012 Letter of Transmittal July 1991 To Alex MacDonald President, AWC Inc. Subject: Recommendations for Compliance to Environment Regulations Dear Mr. Alex, Please find enclosed the report on the analysis of the situation AWC is facing regarding the provincial environment regulations and impacts of the options available. It also has evaluation of possible options and the recommended plan of action for AWC Inc. Sincerely Yours, Anirban Chandra Management Consultant. Summary Situation Analysis • AWC. Inc.-medium sized aluminum fabrication company, paternalistic, employee friendly with extremely committed employee base • Highly competitive market with low entry barrier • Recession in construction industry, at least to stay for three years -AWC survives on quality, price and efficiency • Canada-US trade agreement-competition in local market but US market is now accessible • New product-unique, price high volume order • Second welding line to meet the demand of the new product • Noncompliance with the Government Regulations regarding pollutions • Present welding line exposes employees to toxic products, also damaging for the environment • Recently...
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...Market Landscape and Policy Analysis Fly Ash U)liza)on in China October 2010 1. China fly ash utilization overview 2. Drivers of fly ash utilization and relevant policy development trends 3. Big 5 independent power producers China fly ash u5liza5on overview: a long history of fly ash u5liza5on 1950s China begins u5lizing fly ash, mainly in the construc5on sector as concrete admixture, and par5cularly in the construc5on of hydropower sta5ons China begins u5lizing fly ash as walling material, including blocks, wallboard, baked bricks, and ceramsite The government starts rolling out a series of incen5ve policies for fly ash u5liza5on in various sectors such as building materials, construc5on, backfill, agriculture, etc. The State Development and Planning Commission1 releases the “China Fly Ash U5liza5on Technology Policy and Implementa5on Roadmap” “Administra5ve Measures of Fly Ash U5liza5on” is released by State Economic and Trade Commission2, Ministry of Electric Power Industry3...
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