Australia in a Business Context Essay Example for Free

Australia in a Business Context Essay 1.1 Introduction In today’s world, internationalization is inevitable for companies competing in the global world, where their production, target market, business model were integrated across different frontiers (Robins 2000) and between different people in different countries (Schulte 2000) In this report, we will discuss about Fraser and Neave and the potential of a joint venture with University of Queensland, Brisbane to build student hostels within the university’s premises. The entry mode will be suggested based on supporting context and company analysis. Predicted impact of action will be considered and suggestions for further expansion of the university hostel market under the name of Fraser and Neave will also be made. 2.1 Context Analysis 2.1.1 Australia in business context Australia, being an open economy with open policies for trade and investments, she has attracted many foreign investors without the need of providing any special incentives (Euromonitor business environment: Australia 2013). Reaching a $986.7 billion of total GDP in year 2013, $618.9 billion comes from FDI alone. Due to harsh contractions in mining financial tightening by both the state and federal governments and the strong Australian dollar, the country’s economic growth will ease in the year 2013. (Euromonitor Australia Country Profile 2013) 2.1.2 Australia: Cultural Analysis Culture is a ‘powerful social construct’ (Boyacigiller, 2004) in diverse multicultural workforces, particularly vital in the sustainability and success for any international business (Doney, 1998). Through a series of empirical studies, Australia being a country of low context culture (Markus G 2011, 75) has 4 main characteristics identified of their community (Australia World View, 2001) and (Communicaid: Doing Business in Australia): 1. Linear, logical, individualistic, and action-oriented people. Australians are generally results orientated. Therefore when dealing business with Australians, statistics and figures are essential for a successful deal. Since they can be seen to have confrontational and strong opinions, business dealings with them would need to back up with research or evidence in order to convince them. 2. Community likes to avoid uncertainties As Australians are people who like to avoid uncertainties, they tend to be very straight to the point with their words with the intention of having them taken literally. To avoid any misunderstanding or future conflicts, business dealings with them would have to be very literal with all conditions on the table for discussion. Implicit messages will most probably go unnoticed. 3. Adopts a very egalitarian culture Australians avoids differentiation between individuals and are often preferred to be impartial, modest and have mutual respect for others. Therefore they prefer a more down to earth approach to business. They are also altogether more receptive to innovation, fresh ideas and encourage active discussions or debates. 4. Appreciates privacy When dealing with Australian business counterparts, it would be wise to stay within the lines and treat attempts at developing interpersonal relationships with much caution. 2.1.3 Australia: Legal Environments In relation to the construction of property, we would be looking at laws that are relevant. As a joint venture is suggested for the construction of the student hostel, we would have to consider the complications of contract law besides the obvious property law, employment and industry relations, and general tax issues. As the land that we are proposing to construct is within the University’s premises, a partnership with the university will give Fraser and Neave access to the land without any legislation to bind or cripple the project. Nevertheless, there would be a need to attain approval for development through the Integrated Development Assessment System (IDAS) under the Sustainable Planning Act 2009. An application would have to be submitted in order to get a development permit for the construction of the hotels. Required information for the approval will be as follows: * Material used * Any impacts to the surrounding environment * Completed development look (Queensland Government: Development Approvals, 2013) Further legal issues will be discussed at a later date when the university of Queensland accepts the joint venture intention. 2.1.4 Australia: Political Environments The Australian’s political environment have been consistently stable since the year 1996 to 2011 with a small drop in the year 2009 according to the political stability index (World Governance Indicators, 2011). Ranked top 50 worldwide, Australia’s political environment has made the nation an attractive location for business makers to invest in. In order to protect Australia’s AU$15 billion international education industry from competition, the government have made its commitment to quicken visa processing for international students and release a list of policies universities, international education and research (Back to board on foreign students, 2013). Although concrete releases of these policies are not known yet, we can expect better support from the government on Australia’s international education industry. This would mean the future outlook of industry sees potential for further educational development. With a faster visa processing for international students, the demand for accommodation will increase and there will be our market. 2.1.5 Market Size and Growth We first identify the primary market for student hostels as domestic and international students, those in which plans on residing away from their homes in pursuit of their academics. Based on the study by Government of Australia and assuming 20% of the Domestic Students and 80% of the International require hostel accommodation, Australia Universities will require hostels to accommodate about 450,000 students: Australia| Domestic| International| Full Time| Students enrolled| 934,110| 323,612| 884,179| Students(estimated) needing Accomodation | 20%| 80%| | Rooms Required| 186,822| 258,890| 445,712| Study done by Government of Australia (Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education) in 2012 Looking at the numbers reflected above, the demand for student accommodations is substantial, especially among international students where accommodation serves great importance as it puts their respective parents at ease of sending their Children overseas. Students commencing would also be a positive indicator for high occupancy turn over rates. Although reports have shown that Australia is one of the most expensive countries to study abroad in (Cost of studying in Australia putting off international students, it is claimed, 2013), Australia remains optimistic about the future of international education program as part of their GDP contributor. In the report by International Education Advisory Council (Australia Educating Globally), there would be an estimated increase in total number of international students by 30% in the year 2020. Market growth in this market would be projected to be escalating even if it might be time periods where the growth might temporarily slowed down (Australia focused on international student enrolment growth, 2013). 3.1 Company Analysis 3.1.1 Fraser and Neave Formed in the year 1883, Fraser and Neave have flourished into a brand that is ranked as one of the most successful and established organization in the Asia Pacific region. With a remarkable array of renowned brands that relish strong market leadership, Fraser and Neave traditionally made its reputation through the production and distribution from its own FN range and several other international brands. In the recent decades, Fraser and Neave have moved on to property development and publishing with ravishing results. Operating at S$32 billion worth of shareholders’ funds and total assets, Fraser and Neave is present over 20 countries spreading across Europe, Asia Pacific and the USA. Leveraging on its strength in brand and financial management, research and development, marketing and distribution, as well as many years of acquisition experience, its subsidiary companies across the three industries are able to receive strategic directions and key resources to ensure sustainability and success. 3.1.2 Fraser and Neave: Properties As part of the business diversification, Fraser and Neave developed the Property Industry as a new core business. Since 1990 from a single mall operator, Fraser and Neave have blossomed into a full-fledge real estate group, Frasers Centrepoint Limited (â€Å"FCL†), which achieved a total of $1,345 million dollars just in year 2012. The group’s overseas property subsidiary in Australia, Fraser Property Australia, has made outstanding success in the Australia property market with the very prosperous development of residential and commercial projects. Involved in joint venture partnership with Sekisui House Australia Holdings Pty Limited, Fraser Property Australia has established its brand and reputation as a property developer in Australia having their projects span across Perth, Western Australia and largely in Sydney. Aside from just property development, the group have also developed and runs a service apartment under their Fraser Hospitality where they own full management rights. 3.2.3 University of Queensland Ranked in the top 100 universities in the world, University of Queensland is the first university that opened in the state and the largest university in Queensland. With a total of 4 major campuses – St Lucia and Herston in Brisbane and Ipswich and Gatton in South-East Queensland, the University have invested significantly in development and construction providing students with conducive environments for studies, research and other school activities. Covering a total of 1376 hectares of land 754,500 m2 (gross floor area) of which occupied by 764 buildings holding 522 teaching rooms and 1588 laboratories. 10 of which are residential colleges that provides student accommodations and places academic activity in a community setting of students and faculty. All residential colleges are located at the main St Lucia Campus. We note that there are no other student accommodations located in the other 3 campuses – Herston Ipswich and Gatton. Students studying in these campuses are encouraged to look for accommodations that are near the schools. In the University of Queensland, there are more than 46,863 students including 11,389 international students from 142 nations around the world. Of the total 46,863 students, there are presently only 2,955 rooms available within the University as follows: College with Residence| Student with Residence at the College| Cromwell College| 247| Duchess College| 200| Emmanuel College| 340| Grace College| 180| Halls of Residences| 440| International House| 238| Kings College| 298| St. John College| 263| St Leo’s College| 212| Union College| 334| Woman’s College| 203| Total Residence| 2,955| Assuming 80% of the International and 20% of the Australian Students desire accommodation within the University, the University of Queensland will require an additional of 13,000 rooms that it does not have today! Based on an average AU$4,500 per year per residence fee, we estimate a Business Potential of AU$58 million per annum if all 13,000 rooms are provided. 4.1 Entry Mode 4.1.1 International Joint Venture We proposed that the entry mode for Fraser and Neave in developing and managing Hostel Accommodation within the University be an international joint venture with University of Queensland. This entry mode is proposed mainly due to the ownership rights for the land within University. This also simplifies the challenges of property rights and taxes. This Joint Venture is formed on the basis of University of Queensland providing the land while Fraser and Neave will provide the resources to build and operate the Hostel, which is the key strength of Fraser Property Australia. Through the company analysis, it can be seen that University of Queensland has a potential shortage of 13,000 student accommodation. Therefore the construction of a student hostel in the campuses will increase the attractiveness and reliability of the school to domestic or international students. In the initial phase, the proposed hostel construction would take place in campuses in South-East Queensland (Ipswich and Gatton) as these campuses are far away from the only campus in Brisbane that provides student accommodations. Based on the current capacity of only 2,955 residences within the University, we are confident that there will be strong student occupancy rates to uphold the sustainability of the hostels. We believe that the University of Queensland would be able to attract and house more domestic and international students with the value addition of these hostels while receiving percentage of it earnings. Fraser and Neave could also benefit by entering the market of student hostels through this singular joint venture. If proven to be a success, Fraser and Neave could move into the development of student hostels in Australia and the rest of the world that offers international studies aside from residential and commercial buildings. This is a niche market that has not been developed by any multinational companies and has the potential worth looking into. As Fraser and Neave is already in a joint venture with Sekisui House Australia Holdings Pty Limited with its subsidiary Fraser Property Australia, it would be wise to approach this new joint venture as partners. This would allow Fraser and Neave to once again tap onto the expertise of its local partner and mitigate the development cost between its partners. Therefore the joint venture will be proposed to run three ways. 5.1 Scale Analysis: International Joint Venture 5.1.1 Scale of Entry Since construction and management of student hostels in a University is considered to be a new extension of Fraser and Neave’s properties development, we would propose a conservative approach in the scale of market entry. We would propose an initial accommodation for 500 students, which will generate AU $2.25 million per annum, and this can be subsequently expanded to more accommodations depending on the availability of land within the University of Queensland. Although small, it allows Fraser and Neave more time to learn about this market. As this particular market is very niche with only small players traditionally, it will take time for Fraser and Neave to study the characteristics of the market and develop the most effective and functional way to progress this into a large-scale international hostel construction business. This also limits Fraser and Neave’s exposure to the monetary and economic losses that might follow if this project is a failure. 5.1.2 Risk Levels and control Given that the hostel is only for 500 students, the risks in this project are also relatively low in relation to the small scale of entry. Nonetheless, these are the possible risks involved and how to mitigate them: Sudden project withdrawal from the University of Queensland Land owned by the school required for the hostel constructions may be needed for other University purposes. To avoid this risk, conditions for the withdrawal of the joint venture have to be carefully constructed in the contract to ensure a high penalty cost if any party were to decide to withdraw. Disapproval of property development by local authorities or state government agencies To avoid last minute disapproval, Fraser and Neave must ensure that all conditions posed by the authorities are fulfilled before filing for approval. Sudden hike of interest rates for the properties building sector Although this is a risk that cannot be mitigated substantially, a possible way to minimize it would be to make payments in full. This would however increase the financial investment for the project in a shorter time frame. A more prudent approach is to ensure fixed interest rates are negotiated prior to the start of the projects. Sudden drop in student numbers in the proposed campuses Opening the rooms for rent to students of schools nearby could mitigate this risk however; it would have to be based on agreement with University of Queensland. Students from the university will also be given priority in this case. 5.1.3 Return Levels Return of investments for the proposed project will be 17% 20% per annum for each hostel. Payback period for the hostels will be at approximately of 4 years. 5.1.4 Control Levels Control levels for this form of entry mode is lower due to the number of parties involved. As this is a three way partnership proposed, Fraser and Neave must ensure that it has all the management decision for construction and management of the hostel thereafter. The agreement with the other 2 joint venture partners is needed and should be detailed in the agreement prior to project start. 5.1.5 Integration Levels With a long-term joint venture partner (Sekisui House Australia Holdings Pty Limited), integration with the local construction environment will not pose a great threat to Fraser and Neave. Along with the past experiences of commercial and residential properties in Australia, the integration of their construction contribution in this project is expected to be positive. On the other hand, partnership with a University is a first for Fraser and Neave and they might be hindered by the new rules and regulations that are imposed by the school. This can be mitigated by understanding the limitations of the school and its school grounds before the commencement of the construction. 6.1 Conclusion There is a great potential in extending Fraser and Neave construction line towards hostels construction with the increasing demand of international education in Australia. Being an undermined market, hostels construction will give Fraser and Neave competitive advantage as one of the first multinational company to internationalize this business. A joint venture with a renowned University worldwide gives the group an exposure to other Universities if proven to be successful. The joint venture would also provide the group with reliable knowledge and information essential for bringing this business into international grounds. A possible development can also arise from this business plan with the introduction of a brand new brand extension ‘Frasers Hostels’, the management of all the Fraser and Neave hostels across the globe. Total Word Count: 2750 References: Websites Fraser and Neave. Our Business. Available: http://www.fraserandneave.com/FN_ourbusiness_properties.asp. Last accessed 17th Aug 2013. Central Intelligence Agency (2013). The World Fact Book: Australia. Available at: https://www.cia.gov/library/publications/the-world-factbook/geos/as.html. Last Accessed: 17th Aug 2013. Fraser and Neave. Fraser Property. Available: http://www.frasersproperty.com.au/. Last accessed 23th Aug 2013. Alvin Chua. (2011). Fraser and Neave. Available: http://infopedia.nl.sg/articles/SIP_1792_2011-03-04.html. Last accessed 23th Aug 2013. Communicaid. (2009). Doing Business In Australia, Australian Social and Business Culture. Available: http://www.communicaid.com/access/pdf/library/culture/doing-business-in/Doing%20Business%20in%20Australia.pdf. Last accessed 20th Aug 2013. College of Marin. High-context and Low-context Culture Styles, Available at: http://www.marin.edu/buscom/index_files/Page605.htm. Last Accessed: 18th Aug 2013. http://acad.depauw.edu/ (2001). Australia World View. Available at: http://acad.depauw.edu/~mkfinney/teaching/Com227/culturalportfolios/australia/WorldView.htm. Last Accessed: 18th Aug 2013. Australian Government Department of Foreign Affairs and Trade (2012). Legal Systems. Available at: http://www.dfat.gov.au/facts/legal_system.html. Last Accessed: 22th Aug 2013. Intead International Education Advantage, LLC (2013). Australia focused on international student enrolment growth. Available at: http://www.intead.com/australia-focus/. Last Accessed: 23th Aug 2013. Queensland Government Department of State Development. Infrastructure and Planning (2013). Development Applications. Available at: http://www.dsdip.qld.gov.au/development-applications/development-application-process.html. Last Accessed: 25th Aug 2013. Queensland Government Department of State Development. Infrastructure and Planning (2013). Development Assessment Process. Available at: http://www.dsdip.qld.gov.au/development-applications/development-assessment-process.html. Last Accessed: 25th Aug 2013. Worldwide Governance Indicators. Australia. Available at: http://info.worldbank.org/governance/wgi/sc_chart.asp#. Last Accessed: 25th Aug 2013. Newspaper Article Andrew Trouson and Bernard Lane (2013). Back to board on foreign students. The Australian, 04 September, Available at: http://www.theaustralian.com.au/national-affairs/election-2013/back-to-board- on-foreign-students/story-fn9qr68y-1226710079478. Last Accessed: 4th Sep 2013 Books / Peer reviewed journals Jan Aart Scholte (2000). Globalization: A Critical Introduction Second Edition. Great Britain: Creative Print and Design (Wales), Ebbw Vale. Robins Kevins (2000). ‘Encountering Globalisation’ by David Held Anthony McGrew. The Global Transformations Reader. Great Britain. TJ International, Padstow, Cornwall. pg 239 – 245. Markus G. Kittler, David Rygl and Alex Mackinnon. (2011). Beyond culture or beyond control? Reviewing the use of Halls high-/low-context concept. International Journal of Cross Cultural Management. 11 (1), pg 63-82. Doney PM, Cannon JP, and Mullen MR (1998). Understanding the influence of national culture on the development of trust. Academy of Management Review 23: 601–20. Boyacigiller NA, Kleinberg J, Phillips ME, and Sackmann SA (2004). Conceptualizing culture: elucidating the streams of research in international cross-cultural management. In: Punnett BJ, Shenkar O (eds) Handbook for International Management Research. Ann Arbor, MI: University of Michigan Press 99–167. Reports Fraser and Neave (2012). FN Annual Report 2012. Fraser and Neave. Singapore. Last accessed 17th Aug 2013 International Bank for Reconstruction and Development / The World Bank (2013). Doing Business 2013. The World Bank and the International Finance Corporation. Washington Dc. Last accessed 17th Aug 2013. Euromonitor International (2013). Business Environment: Australia. Euromonitor International. Last accessed 17th August 2013. Global Market Information Database Euromonitor International (2013). Australia Country Profile. Euromonitor International. Last accessed 17th August 2013. Global Market Information Database Clayton UTZ (2012). Doing Business in Australia. Clayton UTZ. Last accessed 22nd Aug 2013 International Education Advisory Council (2013). Australia – Educating Globally. International Education Advisory Council. Australia. Last accessed 23th Aug 2013. Government of Australia Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education (2012). Summary of the 2012 full year higher education student statistics. Government of Australia Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education. Australia. Last accessed 23th Aug 2013.

Histories Maladies :: essays research papers

It seems these days that our world's history is becoming more and more misconstrued and misused. Everywhere you look or read about history, someone has made a massive blunder. Facts become fiction and fiction fact. And it's always done so to someone or some group's benefit. Take the history of slavery, for example. This always controversial subject has been a key element in the history of our United States of America for many generations, and will be for many more. But the truth, rather the complete truth is not taught in school. Why? Because if it was there are certain groups of people that would be outraged. This is not a racist or prejudiced view, but people who seem to believe that others should be held accountable for what their ancestors did to the others' ancestors will always hold a controlling voice in what is taught in history. Where did this point come from? Simple: as we all know, native Africans were sold into slavery during American colonial times. That has never been disputed. What is not taught, however, is who sold them into slavery. And why is that? Because if it were taught, that controlling minority would lose it's control, not just over history, but politics, education and more. And what's more about slavery is that it wasn't only Africans who were sold into slavery during the course of mankind, but also Jews, Arabs, Irish, Scottish, English, Germans... The list goes on. In fact, every major ethnicity or nationality has had members of it's ancestry enslaved at some point in time. It's nothing that hasn't been performed for eons. But why do we concentrate so hard on the slavery of Africans? Because we have to. Another problem with history as it is taught is religious persecution. Christianity for many centuries has complained that it is persecuted constantly throughout history. Yes, that's true, but Christianity fails to point out that it itself is one of the worst religions when it comes to persecuting other religions. The Crusades are a prime example of persecution performed by Christianity. No religion is exempt from having been persecuted or having performed persecution. But we're not allowed to know that. The Jewish religion is another example. Always one of the most fiercest anti-Christian religions, Judaism is known for being persecuted. Although true enough that their religion has most definitely suffered the worst religious abuse they too participate in the active destruction of other religions.

Should Men Be Allowed to Have More Than One Wife?

Argumentative Essay â€Å"Man fi have, nuff gal and gal ina bungle, gal from Rema and gal from Jungle†¦Ã¢â‚¬  Is a popular song by Jamaican reggae artiste Beenie Man. The song suggests that men should have multiple partners, a belief to which many Jamaican men also subscribe. A man having more than one wife is called Polygyny a form of polygamy that has been much debated in a lot of countries for years. Polygyny although illegal in Jamaica, remains acceptable in many cultures who argues that it should be practiced here.However, Men should not be allowed to have more than one wife in Jamaica as this would cause our morals and values to deteriorate and contribute to more troubled marriages which will have a negative impact on the children produced by these marriages. Polygyny is a form of polygamy in which a man has more than one wife (oxford dictionary); helps in the deterioration of moral beliefs and values which will affect our structured system negatively.Polygyny is In a hi ghly Christian based country such as Jamaica men being allowed to have more than one wife will significantly fail from uplifting our moral beliefs of a stable family unit of one man, one woman and children. According to the BOHRD (2011), Christianity contributes to more than half the religious population. This religious group firmly believes that Polygyny should not be practiced and a marriage is the union between one man and one woman in which we as a country has adopted.To start allowing men to be able to have more than one wife will only deteriote our moral standards and belisfs. in almost every country where polygamy is practiced it is only polygyny which is allowed and women marrying more than one man are forbidden. Right there is a violation gender inequality as enshrined in (OECD. 2010) a . This act will promote a hypocritical and biased society when it comes to issues of men vs women and hence will promote the abuse of our women. Polygamy also caused many problems within the home between the two wives.Usually there is at least one wife who is not happy with the arrangement. This is because the new wife is usually younger and has more to offer than the first wife. This jealousy causes a lot of friction in polygamist marriages. If the man buys something for one wife he needs to get something for the other. Even with buying something for both wives one of them often claims that the other received something better. The same thing is true for what he buys for each of their children. This impossibility of satisfying multiple wives at the same time causes many conflicts in polygamist marriages.The results of these conflicts are anywhere from the mistreatment of the others children to trying to convince her husband to divorce the other wife. This is so common that in Eastern Africa if two wives of the same man get along together people say that he must have used magic on them to accomplish this. Do you see a man having multiple wives to be any particular benef it to females, or is the benefit largely to the male â€Å"husband? † And in this economy, many men cannot afford to maintain one household and family, let alone two or three equally for each wife.How can broke men aspire to be polygynous when they do not have the wealth to meet the standards of such a situation? Children from such families can no longer earn good education; for there is little to go round among three-four households. They can not afford a balanced meal; being subsistence farmers, who relay on the bounty of the land, when drought heats, they will have to go without food if they don't get from charitable people who are also short. Women turn to have less self esteem, they see themselves through the male's eyes. hen a woman stands by the mirror instead of seeing herself through her own imagination, she thinks of how he will see her, so she is using his imagination, to define herself-worthy. In my opinion, polygamy served its purpose in those times, but now, it has become the decadence of the family community, and society at large, destroying self-esteem in women, and bringing unmeasurable suffering on children born from such families. There are reports of happy families but these are few and they could be in denial of reality, one would suggest.

Project Management Field Program Management Essay - 809 Words

. Bahria University Karachi Campus Course: Project Management Term: Spring 2016, Class: BSCS- 7B Assignment No 1 Submitted By: Sheryar waheed (32815) Submitted To: Engr Malik Ali Question No 1: The project management field has developed in the previous 20+ years. Until the1980 s, project management basically centered around giving timetable and asset information to top management in the military. Presently the field has extended and has included more noteworthy obligation. I don t think there are numerous fields out there that don t use some type of project management to actualize or redesign new gear, thoughts, or programming. Question No 2: A project is a brief attempt grasped to make a stand-out item, administration, or result. Fundamentally, it s an errand that can be expansive or little and can utilize little or numerous assets to finish. It can require a little investment or can be a long procedure to finish contingent upon the current workload. Projects are unique in relation to what individuals do amid their everyday lives in light of the fact that a day by day routine is a piece of the operation of their business. It s something that will dependably be done to finish their every day work. A project is something that is interim and is utilized to enhance the business. The triple requirement is the three primary bits of a project that have set restrictions. Degree, time, and cost objectives are those three primary pieces. Despite the fact that theyShow MoreRelatedProject Management Certifications : An Analysis1323 Words   |  6 PagesPROJECT MANAGEMENT CERTIFICATIONS – An analysis INTRODUCTION Projects are vital for business. Successful completion of a project determines the survival of the organization. Increasing number of organizations have recognized that to be successful they need to utilize modern project management techniques. Individuals are also realizing that to be competitive in the work environment they must develop project management skills. Hence the profession of project management is growing rapidly. InternationalRead MoreManagement Analysis, Contractors, Architects, And Management1406 Words   |  6 Pageshours trying to make things come together. These people are CEO’s, management analysis, contractors, architects, etc. Management analysist are the little people behind those astonishing buildings. Management analysist are important because they are the ones that handle the business’s money, important documents, and hold important business conferences. Informing candidates about the educational requirements to be a successful management analysis, the daily job responsibilities they also have to encounterRead MoreManagement Analysis, Contractors, Architects, And Management1449 Words   |  6 Pagestrying to make things come together. These people are CEO’s, management analysis, contractors, architects, etc. These people are the little people behind those astonishing buildings. Management analysist are important because they are the ones that handle the busi ness’s money, they handle any important documents, and hold important business conferences. Informing candidates about the educational requirement to be a successful management analysis, the daily job responsibilities they also have to encounterRead MoreProject Management Students Attending Itt Technical Institute949 Words   |  4 PagesTechnical Institute are learning some sort of Project Management through specific courses that primarily teach only the theory behind Project Management. The students attending ITT Technical Institute would greatly benefit from hearing from Project Managers and Engineers first hand on what to expect in the field in which the students are studying, and to speak on personal events that they have been through on the job and how the importance of project management helped the speakers out in those events.Read MoreThe Plan Of Organizational And Operational Structure Of A Given Entity ( Bernard 2012 )1379 Words   |  6 Pagesstructure of a given entity (Bernard 2012). In enterprise architecture, the task of managing projects/programs usually involves many issues and especially the once that requires decisions. In a single day project/program managesr end up having made many decisions, most of which pertains to the fulfillment of the project/program objectives and organizational wellbeing. Among the decisions the project/program managesr deal with includes prominent and small, whereby the prominent decisions require deepRead MoreProject Managment Essay779 Words   |  4 Pagesnew or renewed interest in the field of project management? There is a new or renewed interest in the field of project management because there is new technologies that are significantly used in many different countries and to keep in contact with these industries. World wide project management is used to develop the many different projects that are important within the industries. 2. a. What is a project, and what are its main attributes? b. How is a project different from what most peopleRead MoreImplementing Integrated Product And Process Development1547 Words   |  7 PagesDevelopment (IPPD) as, A management process that integrates all activities from product concept through production/field support, using a multifunctional team, to simultaneously optimize the product and its manufacturing and sustainment processes to meet cost and performance objectives. From IPPD evolved into what is now considered Project Management. The Secretary of Defense, William J. Perry directed on May 10, 1995, the â€Å"immediate implementation† of a management process called Integrated ProductRead MoreMy Future Career : Project Management782 Words   |  4 PagesMy Future Career in Project Management Project management takes the form of many job positions and roles within a job force. Project management to some, means a person who manages a project. This is a very broad title. Project managers can manage a project that covers a new program release, an implementation of a new method, or the creation of a physical product for a customer. For me, project management is taking a task from start to finish, with the goals of the customer in mind. Three roles thatRead MoreProject Management1015 Words   |  5 Pagesnew or renewed interest in the field of project management? IT is growing at a rapid rate and with that growth demands people to manage this growth. People I think are more trained to be project managers and also there is new software that helps tremendously with the management part of the tasks. So demand is up, skilled workers are up, and the cost benefit is there for this renewed interest. 2. What is a project, and what are its main attributes? How is a project different from what most peopleRead MoreQuality Management : Management And Management932 Words   |  4 Pageslines, it became more commonly understood that quality management may help organizations to repeat work less often, as the initial product or service that was delivered, was of a higher caliber, resulting favorably for the company as well as for the client. Quality management has now become a more regularly used practice throughout all phases of projects, allowing project managers to operate with a clear, defined process, and letting upper management determine if work should stop short for the sake of