Chapter 1 Canteen Thesis - 1546 Words

Chapter 1 CHAPTER I The Problem and its Setting Introduction: The school environment plays an important role in nurturing and sustaining good eating habits (http://www.hpb.gov.sg/Hopportal/health-article/2818). This became the basis for the researchers to focus on the problem regarding the functionality of the school cafeteria facilities and the satisfaction of the students toward it. The researches chose to study the given topic to find out if the school cafeteria meets the satisfaction of the students in terms of nutritional value of products, its marketability or cost, sanitation of the facilities and its adequacy and for the cafeteria to be informed on the things that they must improve in their services. Canteen has a special role†¦show more content†¦The respondents of this study will be sixty (60) selected high school students, fifteen (15) respondents each section of the laboratory high school, fifteen respondents coming from each year level. Definition of Terms The following terms are defined operationally: School Cafeteria- In this study, it refers to the place found in schools where students buy their food to have energy for the time of classes. Facilities- In this study, it pertains to the amenity that makes the customer comfortable. Functionality- In this study, it refers to the use or the functions of the cafeteria facilities. Services provided- In this study, it refers to the duties of the personnel for the students. Ventilation- In this study, it refers to supplying the students with air to make them comfortable to eat. Nutritional value- In this study, it refers to the sustenance the food can give to the students. Cost- In this study, it refers to the prices of food that the students will buy at the canteen. Service counter- In this study, it pertains to the area where the students give their payment. Capacity- In this study, it pertains to the number of students that can accommodate the area of the canteen. FUNCTIONALITY SCHOOL CAFETERIA FACILITIES AND STUDENTS SATISFACTION AMONG THE LABORATORY HIGH SCHOOL STUDENTS OF THE LAGUNA STATE POLYTECHNIC UNIVERSITY SAN PABLO CITY CAMPUS A.Y 2012-2013 Authors: Jhesryll Leyesa Kwin Hazel Satiada IsabellaShow MoreRelatedChapter 1 Canteen Thesis1530 Words   |  7 PagesChapter 1 CHAPTER I The Problem and its Setting Introduction: The school environment plays an important role in nurturing and sustaining good eating habits (http://www.hpb.gov.sg/Hopportal/health-article/2818). This became the basis for the researchers to focus on the problem regarding the functionality of the school cafeteria facilities and the satisfaction of the students toward it. The researches chose to study the given topic to find out if the school cafeteria meets the satisfaction ofRead MoreSanitation Practices of High School Canteens7891 Words   |  32 PagesSANITATION PRACTICES IN SELECTED HIGH SCHOOL CANTEENS IN POBLACION NASUGBU BATANGAS by Catherine L. Solano Dane Aries D. 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In addition, there are further plans to conduct more focus groups, as well as, to conduct interviews with students, teachers and parents, when further research is conducted. The report concludes that†¦ Chapter 1: Introduction Purpose of Study The purpose and aim of this study was to try to ascertain reasons for a perceived lack of engagement and motivation, exhibited by Grade 10 English IGCSE students, by this practitioner. Research Aims and QuestionsRead MoreBefore I Came To The Rca And To London, I Worked As A Textile4965 Words   |  20 Pages(WRAP; Waste and Resources Action Programme, 2012),available at: http://www.wrap.org.uk/content/valuing-our-clothes, accessed 27 September 2015 6 DongA.com, ‘[
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ë‹ ¤Ã¢â‚¬â„¢, available at: http://news.donga.com/3/all/20120606/46790918/1 , accessed 6 June 2012 ê °â€¢Ãª ² ½Ã¬â€ž  ê ¸ °Ã¬Å¾  coolup@donga.com 7 Rose Sinclair, ed., Textiles and Fashion: Materials, Design and Technology, (Manchester: The Textile Institute, 2014), p. 540 11 Initially, as a textile designer, my interest lay in surveying a range ofRead MoreScholastic Performance16086 Words   |  65 PagesOpportunities† A Thesis Presented to the Institute of International Hospitality Management St. Anne College Lucena Inc. Lucena City In Partial Fulfillemnt of the Requirement for the Degree of Bachelor of Science in Hotel and Restaurant Management St. Anne College Lucena, Inc. Jessa Marie A. Abuyan Jalekah B. Accad Jayzel Allen M. Iglipa Jayson A. Lamug Mary grace B. Limbo Evangeline V. Mansia Mary Angelie C. Ormasa November 2009 Certificate of Approval The thesis attached hereRead MoreTraditional African Family19679 Words   |  79 Pagesfor accuracy and detail. These lesson plans aim to provide guidance on using the sixth edition of Sociology Themes and Perspectives in a teaching context by offering practical classroom support for teachers. Three lesson plans are provided for each chapter. One of these is a glossary exercise that will help students come to terms with the conceptual base of the subject and allow them to build a running dictionary of sociology. The other two lessons focus on issues central to AS- and A-level specificationsRead MoreProvincial Jail10855 Words   |  44 PagesRedevelopment of Provincial Jail of Batangas | AR 200 - Thesis Research Writing | BY | CALINGASAN, NANCY APRIL2005109704 | 5/10/2012 | Crowding, degrading physical and mental health of prisons, and deteriorating environmental quality are common issues in Philippine jails. This research aims to suggest built environment improvements in provincial jails considering both its punitive and reformative functions. Architectural recommendations include (1) exclusionary and inclusionary space planning, (2)Read MoreFactors Related to Students Performance in Nat13438 Words   |  54 PagesChapter I INTRODUCTION Background of the Study The National Achievement Test (NAT) is an examination given annually to assess the competency of both public and private school students. The students’ knowledge and skills are tested in the subjects of Mathematics, English, Science, Filipino, and HEKASI for grade school and Mathematics, English, Science, Filipino, and Araling Panlipunan for high school. The test is administered by the Department of Educations National Education Testing and

183662258 Group 6 M A MellonBNY Case Pdf - 1545 Words

Mellon Financial And The Bank Of New York Case on Growth And Value Creation Presented to: Dr. Mayank Joshipura Submitted by Group 6 Ankit Gaurav Bansal Vaibhav Jha Shipra Jha Prachi Khaitan Akshat Pareek Raghvendra Raghao Piyush Upadhyay Contents Part 1: Estimation of Synergy Value.................................................................... 3 Question 1: What is the value of the cost savings synergies created by the deal? 3 Question 2: How much confidence do you have in your estimate of synergies?3 Question 3: Will synergy cash-flows allow the banks to increase their debt? . 4 Question 4: Under that terms of proposed deal, what fraction of the synergies will be captured by Mellon legacy shareholders? By BNY legacy shareholders?†¦show more content†¦By doing this we are ensuring that, 1. The cash flows are discounted at the rate at which they are going to be invested 2. The two entities have different betas, which mean we should use different WACCs for the cost savings from each of them. 3. For the onetime costs we do not have enough data to calculate the company wise expenses so, we discount it at a rate that seems reasonable. In this case which we have assumed to be the mean of the WACCs of the two entities. Question 3: Will synergy cash-flows allow the banks to increase their debt? Answer 3 Since, cost synergies will not change the book values of equities for the merged entity, but they will be transferred to the retained earnings which will increase the overall equity. An increase in the equity will leave some leeway for the debt which can be used to get additional debt. Question 4: Under that terms of proposed deal, what fraction of the synergies will be captured by Mellon legacy shareholders? By BNY legacy shareholders? (â€Å"Legacy† shareholders are the former shareholders of BNY or Mellon, after they become shareholders of the new company.) Answer 4 The calculation of the synergy captured by the Mellon Legacy shareholder has been shown in the attached excel sheet Group_6_MA_Mello nBNY_Calc.xlsx Synergy to Mellon shareholders Synergy to BNY shareholders 4949.50 8674.88 Part 2 - Accretion vs. Dilution of Earnings per share Question 5: Based on the last closing stock

Ikea Selling Strategy Free Essays

1. Executive Summary: 2. 1. We will write a custom essay sample on Ikea Selling Strategy or any similar topic only for you Order Now IKEA Objectives: * IKEA produces cheap and affordable products for the customers. * The company wants better life for those who cannot afford expensive products. * IKEA always helps to produce right product for the right consumer. * IKEA always tries to sell their products at low prices. * The company’s global developments and its continual commitment is to have a positive impact on people and the environment. 2. 2. IKEA Vision: The Vision is to create a better everyday life for the many people. They make this possible by offering a wide range of well-designed home furnishing products at prices so low that as many people as possible will be able to afford them. 2. 3. IKEA Mission: The mission is to offer a wide range of home furnishing items of good design and function, excellent quality and durability, at prices so low that the majority of people can afford to buy them (IKEA 1994). The company targets the customer who is looking for value and is willing to do a little bit of work serving them-selves, transporting the items home and assembling the furniture for a better price. The typical Ikea customer is young low to middle income family. 2. Company Summary: 3. 4. Company Background: IKEA is a privately-held, international home products retailer that sells flat pack furniture, accessories, and bathroom and kitchen items in their retail stores around the world. The company, which pioneered flat-pack design furniture at affordable prices, is now the world’s largest furniture retailer. IKEA was founded in 1943 by 17-year-old Ingvar Kamprad in Sweden and it is owned by a Dutch registered foundation controlled by the Kamprad family. The company which was originated in Smaland, Sweden, distributes its products through its retail outlets. As of August 2009, the chain has 301 stores in 37 countries, most of them in Europe, North America, Asia and Australia. IKEA founder Ingvar Kamprad was born and grew up on the farm Elmtaryd, parish of Agunnaryd in Smaland, in the south of Sweden. As a young boy Ingvar Kamprad knew that he wanted to develop a business. Various events during his upbringing gave him a strong drive to create his own resources and to be independent. In 1943 The Ikea was born, initially a mail-order business selling pencils, postcards, and other merchandise. The name derives from the initial letters of Ingvar Kamprad and of Elmtaryd and Agunnaryd. More over in 1948 Furniture manufacturing was an additional business for many farmers in Smaland. So Ingvar Kamprad also introduced Furniture in the IKEA business as a complement to the general merchandise. This was a success and Ingvar Kamprad starts exploring innovative solutions such as furniture design, self-assembly and advertising and by 1951 The first annual IKEA furniture catalogue was published in Sweden. Ikea grew and two years later by 1953 they opened a showroom in Almhult. Here the customers could see and experience the quality of the products before ordering them and Ingvar could meet customers in person and learn from them. 3. 5. Company Location and Facilities: The company IKEA has a several store over many places in the world as the following a. Europe: Belgium, Bulgaria, Czech Republic, Denmark, Germany, Spain, Greece, France. Iceland, Ireland, Italy, Cyprus, Hungary Netherlands, Norway, Austria, Russia, Poland, Portugal, Romania, Switzerland, Slovakia, Finland, Sweden, Turkey, and United Kingdom b. North America: Canada and United States. c. Middle East: Kuwait, Saudi Arabia, and United Arab Emirates. d. Asia Pacific: Australia, China, Hong Kong, Japan, Malaysia, Taiwan, Singapore, and Thailand. The facilities that could be found in most of IKEA stores is the same, however they are mentioned in the IKEA Ireland as the following: a. Showroom: IKEA stores are huge home exhibitions. Stretch out on a bed, see how many people you can fit on a sofa, or let your children choose furniture for their rooms. Our room settings are built entirely from IKEA products, and will give you inspirational ideas for furnishing, lighting and decorating your home. . Market hall: The market hall is just what it sounds like: many different specialist shops gathered together. You’ll find everything from rugs to pots to picture frames and clocks. You’ll also see all kinds of home lighting, everything you need for your kitchen, and countless unique gifts you can give to others – or spoil yourself with. c. IKEA Restaurant: At the IKEA restaurant you can take a break from the hard work of shopping. You can even start your day at the IKEA restaurant with breakfast before the store opens. Or why not have coffee and cake in the afternoon! In the restaurant you’ll find healthy Swedish and local dishes daily made using high quality fresh produce. You can use our highchairs and baby changing facilities for the little ones. And while the grownups rest a few minutes after lunch, the kids can have fun in the children’s play area. d. IKEA for kids: IKEA supervised play area and ballroom, and shop in peace. This way, everyone’s happy. Or if you want them to help make furnishing decisions, strollers are available at the entrance. e. Care and feeding of kids: IKEA provides clean feeding and changing facilities for small children. And our restaurant has a special menu just for the kids. f. Trolleys for everyone: There are plenty of carts available to help you take your purchases to your car. Or you can bring your car to your purchases by pulling up to our customer loading bay. g. The barter system: Almost any way you want to pay is fine with us. You can always pay with cash or a major of credit card, but other payment methods are usually also available. They vary from store to store, so please check with your local IKEA store to find out more. 3. Product and Services of IKEA: 4. 6. Products Description: IKEA products are identified by single word names. Most of the names are Scandinavian in origin. Although there are some notable exceptions, most product names are based on a special naming system developed by * Upholstered furniture, coffee tables, rattan furniture, bookshelves, media storage, doorknobs: Swedish place names (for example: Klippan) * Beds, wardrobes, hall furniture: Norwegian place names * Dining tables and chairs: Finnish place names * Bookcase ranges: Occupations * Bathroom articles: Scandinavian lakes, rivers and bays * Kitchens: grammatical terms, sometimes also other names * Chairs, desks: men’s names Fabrics, curtains: women’s names * Garden furniture: Swedish islands * Carpets: Danish place names * Lighting: terms from music, chemistry, meteorology, measures, weights, seasons, months, days, boats, nautical terms * Bed linen, bed covers, pillows/cushions: flowers, plants, precious stones * Children’s items: mammals, birds, adjectives * Curtain accessories: mathematical and geometrical terms * Kitchen utensils: foreign words, spices, herbs, fish, mushrooms, fruits or berries, functional descriptions * Boxes, wall decoration, pictures and frames, clocks: colloquial expressions, 4. . Competitive Comparison: Retailers have generally been slow to develop multilingual Web sites simply because they’ve been slow to expand outside of their domestic markets. According to a Deloitte study of the world’s top 250 retailers, 104 retailers have no international operations at all, but IKEA had a leg-up on its competitors because it built its business not only through store expansion but through a hugely popular mail-order catalog. 4. 8. Supply and Demand Details: We will talk about the market forces for the global market instead of talking about Malaysian market only. Supply planner – demand ; need Global supply chain management of Children’s lighting products from IKEA suppliers to IKEA stores world-wide, managing sales forecast, capacity planning, replenishment and information flow. Responsible for the global supply to 350 IKEA stores worldwide within a business area of Children’s IKEA. The Increased availability at the store from 85% to 99% within a year. Reduced the stock weeks from 7 weeks to 3 weeks within a half year. Shared knowledge of supply chain management with co-workers in China and Lithuania. 2005 Logistics ; Operations, IKEA Trading Southeast Asia Thailand Managed a variety of competence development programs in areas of logistics and operations for purchaser, technician, supply planner, material manager and business development managers. In addition to be responsible for the company’s Centre of Competence in supply chain management, executed a research program about competence management in a cross-cultu ral organization that covers Thailand, Vietnam, Malaysia and Indonesia. 150 IKEA Trading Southeast Asia co-workers have attended supply chain management program. Licentiate thesis has been written and it raised the attention to the importance of total optimization within IKEA pipelines both in goods and information flows. 4. 9. Technology Needs: After surfing the market for information we figured-out that the tools in the industry are similar for all the brands. Tools are the heart of the carpentry profession. The best place to start is with basic hand tools. A measuring tape, combination ruler and level, pencils, hammer; saws, a carpentry square and hand drill are all inexpensive parts of a carpentry set. Chisels, planes and sanding blocks are also important because furniture needs a fine, smooth finish, free of splinters and sharp corners. A kit of brushes, cloths and sponges are required for the stain and lacquering steps. In order to add padding or upholstery to the furniture, the carpenter will need a set of clamps in varied sizes and a staple gun. Time the first few projects completed in the shop step by step to determine which steps will benefit most from investing a time-saving power tool. Power saws are the most universal time-saver, and drill presses and power sanders also offer time savings. But Ikea does not have its own manufacturing facilities. Instead, it is using subcontracted manufacturers all over the world for supplies. All research and development activities are however, centralized in Sweden. In order to maintain low cost, 4. Market Analysis 5. 10. Target Market in this study I will not separate each market but instead of that I will focus on the global integrated market. 4. 1. 1 Target Market Segment Strategy: IKEA is large enough to enjoy economies of scale. This lowers average costs in the long run through, for example, better use of technology or employing specialized managers. Economies of scale also give a business a competitive edge if cost savings are then passed on to customers in the form of lower prices. This puts up high barriers to entry for smaller companies entering the market. The target customer of IKEA is everybody. So the market segment is a very important part of IKEA strategy. After visited the IKEA store, I think the market segment of IKEA is the different part of house, like the kitchen, the bedroom, the bathroom. Actually, the market segment is according to the â€Å"life situation†. The life situation creates the need of the home furniture. IKEA do not select the customer, IKEA just select the offer from the life situation. For example, I am a student. I need the bookshelf, desk and I do not need the kitchen because I do not live in my own place now. But after 10 years, the need of life situation will change. I will need other things. The most important point is that I am always the target customer even in different ages. And IKEA always provide customers the things they need. I think that is a good method that IKEA used to service the customers and win the hearts of the customers. 4. 1. 2 Market Needs: 4. 1. 3 Market Trends 4. 1. 4 Market Growth: 5. 11. Industry Analysis 4. 2. 1 Industry Participants/Key Players To analyze the Industry I will use Porter five forces analysis: According to Pearce, J. A. and Robinson R. B. (2011) Strategic Management . 12th Edition. New York: McGraw-Hill â€Å"Harvard professor Michael E. Porter propelled the concept of industry environment into the foreground of strategic thought and business planning†. The five forces were as following: 1- Competitive rivalry. 2- Threat of substitute products. 3- Threat of new entrants. 4- Bargaining Power of suppliers. 5- Bargaining Power of customers. * INTERNAL RIVALRY/COMPETITORS: the industry is highly competitive and characterized by other low priced furniture producers such as Galiform of England and retailers such as Wal-Mart of the United States. Internally, the organization saw differences of opinion regarding product offerings and positioning. Due to the intense competition worldwide, IKEA has wisely attempted to compete by entering the markets which typically pose the largest competition, such as China and Japan. * SUPPLIER POWER: because Ikea had heard from its customers that many of its furniture offerings were too complicated to be assembled by the customer; showing the power of the supplier to make a difference, IKEA has gotten cooperation from some suppliers to provide materials that are easier for the customer to assemble, thereby (using its’ value chain system) by adding value to the supplier relationship. BUYER POWER: everyone can recognize that Buyers have a great deal of influence over IKEA’s product line and direction; for example, in the 1960s, IKEA developed the ability to package its unassembled furniture in flat cartons, making it easier for the buyer to handle the cartons. This considered as a response to direct feedback from the buyer. Additionally, due to buyer demand, IKEA will continue on its current growth strategy. * POTENTIAL ENTRANTS: Domestically, IKEA faces the threat of potential entrants; as the dominant firm, because the nature of the business allows new ventures to enter the market, IKEA worst scenario is the copy-cats. The organization always feel threaten by any potential new entrant to use do it yourself approach which gives IKEA many of its’ competitive advantages. * THREAT OF SUBSTITUTED PRODUCT AND SERVICE: is low as there are no too many products and services available that can substitute the demand for furniture, home appliances and a range of other products offered by IKEA. So Substitution is not a reason to make them worry, because they have their own market -segments. 4. 2. 2 Main Competitors/Competitive Analysis: If the 5. 0 Strategy and Implementation Summary 5. Marketing Strategy: People like to buy IKEA’s products because of their low prices and medium-quality. People have great awareness of the brand. Moreover, we can see people like to go IKEA store because of good facilities. The products that will be in direct competition with IKEA’S sales are split into distinct different groups by home depot they are: Bedroom, dining room, furniture parts, home office, kidâ €™s room, and living room and kitchen supplies. The different products that are supplied are provided to Home Depot by a variety of different brand names. . 2 Pricing Strategy: IKEA positions itself with low prices. They are extremely price/cost conscious. 5. 3 Promotion Strategy: Promotion: IKEA has its own website where they now have their catalogues virtually. In the last year 198 million copies of the catalogue were printed in 56 editions and 27 languages. Moreover, IKEA uses newspaper ads and television commercials. The company uses billboards ads and bus stop ads. IKEA also faced controversy in their â€Å"Tidy up† advertisement campaign. IKEA does not spend largely on promotions. IKEA believes on their online catalogues and print publications of the catalogs. The catalogue is the main tool for selling. IKEA try to cut the cost with lease advertisement. But it is very important part. 5. 4 Distribution Patterns: IKEA has 28 large distribution centers and 11 customer distribution centers in 16 countries. IKEA has 1400 suppliers for distribution. 5. 5 Marketing Programs People like to buy IKEA’s products because of their low prices and medium-quality. People have great awareness of the brand. Moreover, we can see people like to go IKEA store because of good facilities. The products that will be in direct competition with IKEA’S sales are split into distinct different groups by home depot they are: Bedroom, dining room, furniture parts, home office, kid’s room, and living room and kitchen supplies. The different products that are supplied are provided to Home Depot by a variety of different brand names. 5. 6 Sales Strategy: 5. 7 Sales Forecast: 5. 8 Sales Programs: 6. 0 Web Plan Summary 6. 1 Website Marketing Strategy 6. 2 Development Requirements How to cite Ikea Selling Strategy, Essay examples

Project Management Defining Success Essay Example For Students

Project Management: Defining Success Essay Project Management: Shaping Success Contentss Executive Summary 2 The Components of Success 3 Failure Case Studies: 3.1 The Big Dig, Boston, USA 4 3.2 World Cup 2022, Qatar 6 3.3 Sydney Opera House 8 A Success Narrative: London Olympics, 2012 10 Common Failures and Comparison with Success 12 Decisions and Recommendations 13 Bibliography 14 15 Executive Summary The study focuses upon the components of undertaking success and provides cardinal recommendations to heighten the company’s policy manual and understanding. The components are: Timescale Cost Quality Health and Safety Bequest Case surveies analyzing undertakings which are established as being overly flawed in one or more country characteristic: The Boston ‘big dig’ , USA ( timescale, cost, quality, safety ) Katar 2022 World Cup ( safety, bequest, quality ) Sydney Opera House ( timescale, cost ) In contrast, the London 2012 Olympic undertaking is regarded as a major success. This expansive undertaking was delivered safely on clip, on budget and boasts a positive bequest. Failures common to the flawed undertakings are compared to the success of the Olympics. These company qualities constitute undertaking direction success: accomplishing ambitious public presentation marks developing partnerships Having a trained, integrated, experient and motivated work force puting value delivered over costs saved THE CONSTITUENTS OF SUCCESS Project direction is a continuously germinating subject. There is no aureate expression to guarantee perfect success ( Smith, 2008 ) . However, understanding gained through experience, investing in preparation and development of marks helps gain a undertaking every bit successfully as possible. The components of success may be identified as: Timescale. A successful company adheres to specify aims, plans efficaciously, anticipates jobs and delivers a undertaking to the client by an in agreement deadline. Finance. This is non merely about maintaining costs low and within a defined budget, but about presenting the best value. Waste should be minimised and labour efficiency maximised. Margins are traditionally low in the industry ( Egan, 1998 ) : a successful company does non simply survive but makes a good adequate net income to: Continue presenting the best value for clients and stakeholders Attract long term stockholders Invest in preparation, research and merchandise development. Be honest and realistic about budgets Quality. There should be no edifice defects and through value direction, client outlooks should non merely be met but exceeded. Through quality, a successful company retains and grows their client base and develops partnering agreements. Partnerships with major clients cut down cost and timescales ( Egan, 1998 ) . Health and Safety. A successful undertaking ensures a dearth of hurts and avoids human deaths. Bequest. A successful undertaking leaves an appropriate, permanent imprint in the undermentioned ways: Political – advancing substructure and industry betterment. Economic – bring forthing income for the country. Environmental – sustainability, adhering to low C building. Cultural – profiting all stakeholders. Technical – forcing the boundaries of accomplishment. Ideally wining on all degrees, undertakings may alternatively win in one or more country but fail overly in other countries. Three instances deemed overall failures are examined. FailureCASE STUDIES THE ‘BIG DIG’ , BOSTON, USA Figure 1 The Big Dig or Central Artery/Tunnel Project ( Geotimes, 2002 ) The ‘Big Dig’ , launched in 1991, was the most expensive building strategy in U.S. history designed to replace an out-of-date main road bing the economic system $ 500 m/year ( Silverman, 2015 ) . The undertaking was originally estimated at $ 2.6 billion due for completion in 1998 ( National Academy of Engineering, 2003 ) . However, holds pushed the undertaking completion day of the month to 2007 with cost overproductions of $ 12.2 billion ( Silverman, 2015 ) . There were legion grounds for the undertaking delays: Tunnel leaks caused by deficiency of due diligence Program holds due to legion alterations of the signature overseas telegram stayed span Change of direction and communicating issues Failure to pull off client and stakeholder engagement Challenges of set abouting building alongside day-to-day public usage Additionally, a calamity occurred when ceiling panels in a tunnel collapsed, doing a human death and ensuing in extended judicial proceeding for direction. Federal probe blamed unequal stuffs and the undertaking s intensifying budget ( LeBlanc, 2007 ) . The inordinate failures of the undertaking led to extended rating. Figure 2 shows the altering entire undertaking cost. Inflation contributed to a great extent about $ 6.5 billion. However, the true impact was hard to measure due to the dynamic interplay of range, agenda and building costs. Extenuation costs were inadequately quantified ( National Academy of Engineering, 2003 ) . Figure 2 Cost History and Scope Evolution, in 1000000s of dollars ( Data from Edwards, 2002 ) 2022 WORLD CUP, QATAR Figure 3 Stadium building site ( Bhatia, 2014 ) The 2022 World Cup in Qatar is another outstanding illustration of direction failure. It remains to be seen whether the undertaking will complete on clip and on budget, although the figure reported by Deloitte is an inordinate $ 200 billion USD ( Figure 4 ) ( Deloitte, 2013 ) . However, irrespective of concluding public presentation in these respects, the undertaking will be remembered as an dismaying failure in safe and responsible building. Reports have emerged exposing unethical ( and in some instances, illegal ) practises on the portion of contractors responsible for the assorted sites and developments. Stem Cell Research EssayTable 5.1: Comparison common failure subjects with success. Standard Failure Success Timescale Absence of planning, deficiency of communicating and unrealistic aspirations. Early-stage planning, integrated squads and realistic ends. Finance Lack of truth and honestness with the budget. Openness and transparence with the budget. Quality Substandard stuffs, undelivered value and inexperient contractors. Good quality of physique, value delivered to the client and stakeholders. Health and Safety Fatalities, hurts, no province concern over worker public assistance and development. Safety as a precedence, no human deaths, hurt rate good below industry norm. Bequest Litigation jobs, all stakeholders non profiting and negative economic impact. Re-usable installations, urban regeneration, cultural pride, good to community and economic additions. It is clear that a undertaking may be deemed a success if the above standards are achieved with the exclusion of lodging stiffly to an original budget. Ultimately, the British Government was right in passing more to wholly accomplish the other four standards. CONCLUSIONS AND RECOMMENDATIONS This study concludes that holding control and bid of the five countries outlined in subdivisions 2 and 5 constitutes success. If a undertaking is a proficient success but fails on other degrees, so it may be deemed an overall failure. Equally, salvaging money does non compare to success or presenting the best value for stakeholders and passing money does non vouch safety. The policy manual should therefore province that the company: Establishes and adheres to a system of clear public presentation marks. Leting rating of quality and public presentation. Pursues a civilization of set uping partnering relationships with clients offering repetition concern. Bettering efficiency. Decreasing the demand for tendering and contracts ( Egan, 1998 ) . Employs an incorporate, trained, safe and motivated work force. Sharing and pooling experience across subjects. Working together on legion undertakings. Avoiding human deaths and major hurts. Considers finance by value delivered instead than money saved. Exuding fiscal honestness and transparence. Bibliography Bolt, H. Haslam, R. Gibb, A. Waterson, P. , ( 2012 ) .Pre-conditioning for success.Loughborough: HSE, ( RR955 ) . Booth, R. , Pattison, P. 2014. Qatar World Cup bowl workers earn every bit small as 45p an hr . Bida: The Guardian. Available from: hypertext transfer protocol: //www.theguardian.com/global-development/2014/jul/29/qatar-world-cup-stadium-workers-earn-45p-hour Booth, R. , Pattison, P. 2014. Qatar World Cup: migrators wait a twelvemonth to be paid for edifice offices . Bida: The Guardian. Available from: hypertext transfer protocol: //www.theguardian.com/global-development/2014/jul/28/qatar-world-cup-migrants-not-paid-building-office Bust, P. ( 2011 ) .Learning bequest.Loughborough: Loughborough University, ( ODA 2011/269 ) . Deloitte, 2013.Insight into the Qatar building market and chances for existent estate developers.Middle East: Deloitte Corporate Finance Limited. Department of Culture, Media and Sport. ( 2010 ) .November London 2012 Olympic and Paralympic budget study published Anticipated concluding cost down ?29m.Gov Announcements Online. 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