The following points highlight the sixteen main functions of project planning for an organization. The functions are: 1. Market Survey 2. Project Capacity 3. Selection of Site 4. Plant Layout 5. Design and Drawing 6. Material Requirement 7. Operation Planning 8. Machine Loading 9. Sub-Contract Consideration 10. Equipment Requirement 11. Organization Layout and Staff Requirement and a Few Others. Function [...]
Overseas projects in general, and global projects in particular throw up unique issues in coordination, management and control, arising from behavioural, cultural, regulatory, and political differences. There is the added problem of teams working in different time zones and the project's 'public visibility' especially if it was given the green signal by the host country's government in the face of [...]
There are two broad evaluation methods for a capital budgeting proposal: i. Non-Discounted Cash Flow Methods: These are the traditional methods and include payback period and the accounting rate of return (ARR). Their biggest disadvantage is that they ignore the time value of money. The payback method is skewed towards selection of projects with the shortest payback period; it ignores [...]