Project Management Has Become Extremely †Myassignmenthelp.Com

Question: Discuss About The Project Management Has Become Extremely? Answer: Introduction Project Management has become extremely necessary to manage the projects that are executed in the businesses of the modern era. There are various guidelines and set of principles that can be applied to these projects. The methodologies are the defined set of methods to manage the project activities and provide the guidelines to the project resources to efficiently manage the projects (Axon, 2007). There are various project management methodologies that have been identified and developed such as Project Management Body of Knowledge (PMBOK), agile methodology, waterfall model, Projects in Controlled Environment (PRINCE2) etc. Comparison Contrast PMBOK PRINCE2 Project Management Body of Knowledge (PMBOK) is the project management methodology that provides comprehensive information on all the aspects of project management. It is a knowledge based approach that defines these guidelines in five broad processes as initiation, planning, execution, control and closure (Chaves, 2016). Project in Controlled Environment (PRINCE2) is the project management methodology that is clearly stated in the seven principles that act as the building blocks for the methodology. There are seven different themes that are defined in PRINCE2 that are further explained in the set of seven processes (Karaman, 2015). Both PMBOK and PRINCE2 are the methodologies that have been defined to provide the Project Managers and other resources with the ability to easily carry out the project activities. There are various occurrences that take place during the project timeline that are required to be managed and tracked as per the defined set of processes (Wideman, 2002). These standards and the paths that shall be followed are defined under these methodologies. However, PMBOK and PRINCE2 have several differences in terms of their set of principles. PMBOK PRINCE2 The methodology is primarily driven by the customer specifications and requirements The methodology is primarily driven by the business cases It is a knowledge based approach towards project management It is defined and explained in the set of seven different processes Project Manager is considered as the primary resource in the project. The PM is held responsible and accountable for major set of project activities Project Manager is mainly the link between the project client and the project team members Documentation is less on priority in this methodology There is a lot of focus laid on documentation It is non-perspective in nature This methodology is perspective in nature Core practices are described in this methodology along with a very wide range of techniques There are seven management processes that are defined under this methodology PMBOK and Project Life Cycle (PLC) Project Life Cycle (PLC) primarily comprises of four phases as initiation, planning, execution and closure. Each of these four phases in the project life cycle comprise of their respective set of tasks and activities. PMBOK is the project management methodology that is mainly defined in five phases as initiation, planning, execution, control and closure. These phases have a close definition with the PLC and the further sub-tasks that are defined in the PMBOK phases also have a close link with the activities defined under PLC. PMBOK; however, is a knowledge based approach that gives the top priority to the customer requirements (Ghosh, 2012). Therefore, the order of the phases along with the activities defined under these phases may be altered from one project to the other. PRINCE2 and PLC PRINCE2 is a project management methodology that is closely related with the PLC. These are seven processes defined in PRINCE2 as starting up of a particular project, its initiation, directing and controlling of the project followed by management of product deliveries and stage boundaries and ending with the closure of the project (Turley, 2009). All of these project stages are also clearly stated and described in PLC. Planning and initiation along with monitoring and control are some of the stages that are given primary importance in PRINCE2 as well as PLC. Conclusion Project Management has developed as a mandatory discipline that is implemented in all the business organizations of the current times. There are several methodologies that are present to carry out project management. However, these methodologies differ from one another in terms of the set of principles applied and the processes that are involves. The methodology that is applied in the project shall fall in line with the project factors. References Axon, S. (2007). Would you use PMBOK or PRINCE2 for Project Management?. Retrieved 8 August 2017, from https://www.laptech.co.uk/downloads/pmbok_or_prince2_final.pdf Chaves, M. (2016). A new approach to managing Lessons Learned in PMBoK process groups: the Ballistic 2.0 Model. Retrieved 8 August 2017, from https://www.sciencesphere.org/ijispm/archive/ijispm-040102.pdf Ghosh, S. (2012). Enhance PMBOK by Comparing it with P2M, ICB, PRINCE2, APM and Scrum Project Management Standards. Retrieved 8 August 2017, from https://pmkb.com.br/uploads/2013/08/95598999-Comparison-of-PM-Frameworks.pdf Karaman, E. (2015). Comparison of project management methodologies: prince 2 versus PMBOK for it projects. Retrieved 8 August 2017, from https://www.ijaser.com/articles/vol4issue42015/vol4issue4/JASER4059.pdf Turley, F. (2009). An Introduction to PRINCE2. Retrieved 8 August 2017, from https://www.projectsmart.co.uk/docs/prince2-introduction-ps.pdf Wideman, R. (2002). Comparing PRINCE2 with PMBoK. Retrieved 8 August 2017, from https://pdfs.semanticscholar.org/6d9f/811b7e5e95242b9f2e0fd18753a6f453bc8d.pd

Speed Breakers free essay sample

I have always believed that life isn’t about the destination, but about the journey that leads up to it. After all, our lives all end the same way, but what we do during our lives is what makes us different. Obstacles help create the scenery in the flat journey of life. And those obstacles come in many forms: internal, external, small hurdles, or big mountains. Imagine a field. A soccer field. In the scorching tropical heat. There is no wind blowing and the dry, brown grass pricks through your socks. Imagine a soccer game commencing on that field. Now, take a moment to step into my cleats. Playing in an intense soccer game, when my team is two goals behind, I am motivated by the obstacle. As the other team shoves through, we hold like a wall. The passionate desire to win unites the team and drives us towards victory. We will write a custom essay sample on Speed Breakers or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The game leads to a penalty shootout. One by one the players take shots at the goal: aiming the ball, visualizing it soar, and finally, succeeding in attaining that winning goal. The triumph is sweeter because we struggled for it. We didn’t give up and accept defeat. We played with our hearts in the game. We were connected, deeply, to the game. The victory was satiating because we craved it badly and pushed through the hurdle of the other team to embrace success. A sigh brings you back to the testing room. The testing room with seven students—each bubbling ferociously on the grid paper. Each filled with a desire to get a perfect score. Each filled with a desire to conquer the AP exam. Weeks later, I am eating breakfast when I see an envelope with my name on it. An envelope from CollegeBoard. Nervous butterflies, amongst other things, fluttering in my stomach, I gently tear it to see my scores. I am scared. I blink; opening my eyes slowly, I see my Fives and scream in v ictory. The small achievement, something I knew I could do, was intensified because of the waiting, because of the obstacle of the AP exam. And as my hands clutched the air, and my heart pounded with triumph, I was elated. As you peek from the curtain, you see the theater, filled with parents, teachers, students, and strangers. You grip your friend’s hand, muttering your lines to yourself. The music stops. The voices dwindle. The lights slowly intensify. You hear dialogue being enunciated from the guts. You hear your cue. You also feel like you will throw up and flail on stage: it is the opening night of the Spring Musical. I take a deep breath and enter as I hear my cue. Pretending to be calm, trying hard not to mess up, I get through the first scene. Hours later, I sit backstage, happy. The play is over and we received a standing ovation. The butterflies have calmed and the parasympathetic system is in charge now. As I relax and smile with confidence, I realize that the but terflies and the nervous tension within me made this a more memorable experience and a greater achievement. Had I not been so nervous, I wouldn’t appreciate the applause as much. Had I not been so scared, I wouldn’t have felt as great about doing well, about overcoming my internal obstacles. You feel the hot dust in your toes as you walk from the car to the gate. You recoil as you see rats, running around in the sewers, less than a foot away from three little children. There is filth covering almost every surface. Broken toys and furniture litter the courtyard. The tiles are cracked and there are ants and cockroaches marching out of them. A child runs by, holding a broken lighter. You are here to pick up the orphans, aged 2 6, for a crafts project. A knot forms in your throat as you see a baby in a stained pram, sucking the air. Crying. You think of the air-conditioned rooms at your house and school. You think of the refrigerator full of snacks, the store room full of supplies, the car you use, all the privileges you have because of where you were born. Not because of what you did to deserve it, but because of your parents. You wonder: will you ever make it on your own? Will you ever be able to provide for yourself? As you usher the kids, all dressed up in their best patched clothes and powdered faces, into the school cars, you realize that these aren’t the only kids in need. These aren’t even the worst cases. And that is the challenge. A global challenge: to eradicate poverty, to provide a better future, a blossoming future, for these children. We gather in the art room and sit around the shiny tables, making little dolls with these children. They are happy; they are excited. As the children eat the prepared snacks, we finish up the dolls, hoping to give them happy memories. Even though I know how the conditions are at the orphanage—even though I know that these children are exceptional, staying happy and cheerful with negl igible privileges—even though I know that they won’t have many opportunities, I hope that someday—someday these children will overcome life’s obstacles to realize their dreams, because the largest obstacles are the ones that give you the most satisfaction and most substantial rewards. The obstacles I face in life seem trivial when compared to such challenges. A taxing soccer game is hardly comparable to the daily challenges of such children. Yet, those are my hindrances to overcome and snags to iron out, my life to live. William Hastie said that â€Å"Difficulty need not foreshadow despair or defeat. Rather achievement can be all the more satisfying because of obstacles surmounted.† Will poverty one day be eradicated? Probably not, because poverty is relative, someone will always be poorer than someone else. Can we contribute towards making the underprivileged happy and give them a better future? Yes, of course we can. As part of four community ser vice projects involving such orphans or underprivileged children, I hope that I am contributing towards giving them a better future. These projects, encompassing teaching basic English, playing with them, and raising money and accumulating donations of toys, food, and other basic supplies, are a taster for what I hope to achieve. Someday I hope that I will be able to sustain this on a larger scale; one day I want to be able to run a network of orphanages and schools with good conditions. I want to be able to give these children a life where they won’t be undernourished and constrained by their situation: a life where they may not have more means, but they will have an education and a childhood. I hope that someday I will be able to give such children a brighter future. And I hope that the obstacles I face on my journey will only make my happiness greater on that day.

College Essay Samples Is a Great Way to Write Your Own Essay

College Essay Samples Is a Great Way to Write Your Own EssayCollege essay samples are a nice way to write your own essay. With these samples, you can customize your essay to fit the topic of the essay. If you want to write a standard essay, then this may not be for you. This is especially true if your essay is longer than 500 words and if it does not fit in a notebook.With this option, you will still get the quality essay but you will also have a lot more choices in how to write your essay. You can choose to have someone read your essay and discuss it with you. Then you can make changes as needed and still retain your identity. You can also use your own writing style.Another great option is to write your own essay. You do not need a great degree. There are no requirements for you to be a writer or a professor. In fact, this is one of the easiest ways to get a quality college essay. Once you have an idea of what you want to say, you can then choose an essay writing style that fits you r personality.Writing your own essay can be very exciting because you are allowed to explore topics that you may have never had the opportunity to explore before. Your assignments can be long or short. It is up to you and what you want to say. Do not worry about whether your essay is going to pass or fail.Using college essay samples can be very helpful and they can get you excited about creating your own essay. When you choose a topic, you can write about anything. It does not matter if it is based on fact or fiction.College essay samples can come from anywhere. You can choose from books, magazine articles, newspaper articles, and from movies. No matter what you choose, just choose something that inspires you. After all, it is your very own essay.You can also learn how to write your own essay. You can find many different options in your local library. You can also visit the library and see if there are books on writing that you may have never had an opportunity to read.Writing your own essay can be very fun. You can even customize your essay to fit your personality. You can take advantage of the easy work you do when you take your own time. Be sure to take advantage of the good writing tools that are out there.

Experiment and Free Recall Test Essay example

Experiment and Free Recall Test Essay example Experiment and Free Recall Test Essay example Cognitive practical Description Aim: To investigate whether semantically processed words are recalled better than structurally processed words. Experimental hypothesis: Semantically processed words will be recalled better in a free recall test than structurally processed words out of a possible 20. Null hypothesis: To see whether recall of words is better due to the type of processing used. Method: Experiment. Repeated measures. IV: Types of processing i.e. semantic, structural DV: Number of words recalled correctly in free recall test out of 20. Procedure: 31 participants (males and females) took part in the study. Each participant was presented with a piece of paper of which 1-40 was written in the margin. Then words were presented on a slide show one at a time. 3 seconds for each word when question will be asked. Then a 3 second blank slide was shown to allow answers to be written down. Each question would result in a yes/no answer.20 questions were asked that would lead to semantic processing and the other 20 lead to structural processing. For example- Is it in capitals? This would be structural. Is it a game? This would be semantic. At the end of the 40 questions the experimenter would distract the participant for 1 minute. Then participants were asked to write down as many words as they could remember from the slide show on a blank piece of paper and they had 2 minutes to complete the free recall test. What controls you put in place: 1 Participant at a time. Only the experimenter and participant in the room. PowerPoint- words in Times New Roman/ words in middle of screen/ size 66/ Black/ plain slides. Each participant was shown same slide with same 3 second between each slide and 1 minute break before a surprise free recall test which lasted 2 minutes for every participant. Every participant was told the same introduction and the same debrief. Only questions leading to semantic and structural processing occurred. What ethical guidelines you followed/broke in the study: Followed: Right to withdraw/ Protection of participants/ Debrief/ Competency/ only over 16’s took part. Broke: Fully Informed Consent/ Deception Sampling method: Opportunity sampling- Using whoever is easily available to make it quick and easy. People who were under the age of 16 or someone who knows about the study couldn’t participate in the study. Number of Participants: 31 (males and females) Results: | Mean number recalled | 2.5 | 6 | Mode | 3 | 8 | median |

Analyzing the legalization of drugs

The need to reexamine the existing methods of managing and handling these drug cases proportionally rose with the persistence of illegal drugs amidst existing legal sanctions. This had led to the processing of drug cases not only in court but even outside the court. This is to cope with the great number of drug offenders of varying levels getting apprehended everyday. There were several judicial strategies conceived in order to deal with the massive amount of drug cases. These judicial strategies include the creation of specialized divisions of a drug court in some trial courts, sped-up case processing procedures, deferred prosecution programs requiring court-supervised treatment and counseling and more. There are also combinations of these strategies, all to speed-up the processing of these cases. These cases are screened beforehand in order to know what degree and what level of judicial supervisions would be applicable for the case. This is also essential for early treatment intervention and rehabilitation of the offenders, so as to stop the continued drug abuse and the likelihood of crimes. On the other hand, arguments for the legalization of drugs are constantly being hurled forward in order to finally resolve the existing contentions against the ill-effects of drugs as well as for the perceived benefits both the government and the individuals can actually obtain from legalizing these substances. Arguments for the legalization of drugs One of the most common drugs in the society today is Marijuana. It is known scientifically as the hemp plant, Cannabis sativa, where the leaves are being dried up, rolled into sheets of paper and be smoked just like cigarette or tobacco. It is the most often used illegal drug in the world, known in various names all over, like â€Å"pot,† â€Å"herb,† and â€Å"Mary Jane.† Some users can make use of marijuana by mixing it into food substances or drink it by brewing it with tea. The addictive element of marijuana is its Tetrahydrocannabinol or THC content. The effect of marijuana would depend on how strong or how potent is its Tetrahydrocannabinol content, thus also giving various effects on the marijuana users (Dell and Snyder 630). One of the reasons for finally legalizing drugs, especially marijuana, is founded on the historical context of the â€Å"illegal† substance. In America, for instance, those who lived in the area of Jamestown back in 1611 raised marijuana under the order of King James I for the purpose of crafting rope for the naval force of the British. The â€Å"herb†, as it has been called, also served as a medicinal substance specifically for George Washington who planted marijuana within the premises of Mount Vernon and that the plant was categorized as a prescription medicine until 1937 (Smith 101). Marijuana also has positive sides which can be used as an argument for its eventual legalization. One of the beneficial effects of the use of marijuana rests on its utility for the control of symptoms, especially in chemotherapy procedures, as an â€Å"effective antiemetic† among patients with health profiles such as cancer and â€Å"AIDS patients with wasting syndrome† which led to â€Å"a greater ability to cope emotionally with disabling or life-threatening illness (Gorman 23). Moreover, under the rule of Emperor Chen Nung of ancient China five centuries ago, marijuana has been declared as well as a plant that has medicinal value in terms of curing malaria, rheumatism, constipation, â€Å"absentmindedness† as well as the claims for mental and bodily disorders suffered by women (Grinspoon and Bakalar 3). There is also the contention for the prospect of establishing a regulated drug market which can be a profitable source of government tax. This idea illustrates the observation that the widespread use of illegal drugs and its potential to be a market commodity can overcome the legal restrictions ascribed unto it.   A controlled degree of the regulation of marijuana, for example, creates, instead, an increase in government revenues that may outweigh or, at least, come close to the actual government payments on law enforcement against the production, distribution and consumption of marijuana (Caputo and Ostrom 475). Refutations Drug Abuse is one of the most common criminal cases in the society today. It is a form of substance abuse, just like alcoholism, since these illicit drugs are actually addictive in nature. Because of this, many people who are hooked on drugs cannot easily let go of the addiction, and would often lead to drug-related crimes like robbery, physical assault, or even murder. Not only does these drugs dangerous to others, but it is also harmful in the drug users’ body, causing the body to take into negative turns, like deterioration and organ failures. When a person smokes or inhales marijuana smoke, he would usually feel rapid heart beats, loss of coordination and decreased sense of balance, slow reaction rate and a dry mouth. These are already signs of marijuana intoxication, along with the expansion of blood vessels in the eye, that’s why marijuana users usually have red eyes. The effects of marijuana would usually last two to three hours, where the marijuana user would usually tend to be sleepy. The negative effects of using marijuana would be hindering the user’s short term memory, wherein it would be difficult for him to remember recent events. This would usually lead to car crashes and other accidents, since their sense of coordination is greatly affected. Another dangerous drug would be cocaine. This drug’s effect on the body is really damaging, where addiction to cocaine could bring about permanent damages in one’s body or even death. Cocaine has both short term and long term effects. The short term effects are immediately noticeable, but not that damaging as compared to the long term ones. The common short term effects are a feeling of boosted energy, a decrease in a person’s appetite, and a rather hyped heart rate and blood pressure. There are still many other types of illegal drugs and similar forms of substances that create ill-effects to the overall health of individuals, oftentimes resulting for them to commit crimes that they could not have possibly committed had they not taken these illegal substances. Conclusion Although several illegal substances can actually bring forth benefits for individuals, the negative consequences outweigh these positive sides. Further, not all of these substances have positive effects when used, and that the negative consequences of illegal drug use oftentimes lead to crimes and violence. For these reasons along with the refutations against the legalization of drugs, it can be asserted that the legalization of drugs should not be taken as the ultimate measure for solving illegal drug issues. Rather, the reasons behind the legalization of drugs should be taken as a means in finding the deeper refutations against it. References Caputo, M. R., and B. J. Ostrom. â€Å"Potential Tax Revenue from a Regulated Marijuana Market: A Meaningful Revenue Source.† American Journal of Economics and Sociology 53.4 (1994): 475-90. Cocaine-Effects.com. â€Å"Cocaine Effects.† 2001. Dell, D. D., and J. A. Snyder. â€Å"Marijuana: Pro and Con.† The American Journal of Nursing 77.4 (1977): 630. Gorman, M. â€Å"Substance Abuse.† The American Journal of Nursing 97.11 (1997): 23. Grinspoon, L., and J. B. Bakalar. â€Å"The History of Cannabis.†Ã‚   Marihuana, the Forbidden Medicine. London: Yale University Press, 1997. 3. Smith, G. R. W. â€Å"Possession of Marijuana in San Mateo County: Some Social Costs of Criminalization.† Stanford Law Review 22.1 (1969): 101. Analyzing the legalization of drugs The need to reexamine the existing methods of managing and handling these drug cases proportionally rose with the persistence of illegal drugs amidst existing legal sanctions. This had led to the processing of drug cases not only in court but even outside the court. This is to cope with the great number of drug offenders of varying levels getting apprehended everyday. There were several judicial strategies conceived in order to deal with the massive amount of drug cases. These judicial strategies include the creation of specialized divisions of a drug court in some trial courts, sped-up case processing procedures, deferred prosecution programs requiring court-supervised treatment and counseling and more. There are also combinations of these strategies, all to speed-up the processing of these cases. These cases are screened beforehand in order to know what degree and what level of judicial supervisions would be applicable for the case. This is also essential for early treatment intervention and rehabilitation of the offenders, so as to stop the continued drug abuse and the likelihood of crimes. On the other hand, arguments for the legalization of drugs are constantly being hurled forward in order to finally resolve the existing contentions against the ill-effects of drugs as well as for the perceived benefits both the government and the individuals can actually obtain from legalizing these substances. Arguments for the legalization of drugs One of the most common drugs in the society today is Marijuana. It is known scientifically as the hemp plant, Cannabis sativa, where the leaves are being dried up, rolled into sheets of paper and be smoked just like cigarette or tobacco. It is the most often used illegal drug in the world, known in various names all over, like â€Å"pot,† â€Å"herb,† and â€Å"Mary Jane.† Some users can make use of marijuana by mixing it into food substances or drink it by brewing it with tea. The addictive element of marijuana is its Tetrahydrocannabinol or THC content. The effect of marijuana would depend on how strong or how potent is its Tetrahydrocannabinol content, thus also giving various effects on the marijuana users (Dell and Snyder 630). One of the reasons for finally legalizing drugs, especially marijuana, is founded on the historical context of the â€Å"illegal† substance. In America, for instance, those who lived in the area of Jamestown back in 1611 raised marijuana under the order of King James I for the purpose of crafting rope for the naval force of the British. The â€Å"herb†, as it has been called, also served as a medicinal substance specifically for George Washington who planted marijuana within the premises of Mount Vernon and that the plant was categorized as a prescription medicine until 1937 (Smith 101). Marijuana also has positive sides which can be used as an argument for its eventual legalization. One of the beneficial effects of the use of marijuana rests on its utility for the control of symptoms, especially in chemotherapy procedures, as an â€Å"effective antiemetic† among patients with health profiles such as cancer and â€Å"AIDS patients with wasting syndrome† which led to â€Å"a greater ability to cope emotionally with disabling or life-threatening illness (Gorman 23). Moreover, under the rule of Emperor Chen Nung of ancient China five centuries ago, marijuana has been declared as well as a plant that has medicinal value in terms of curing malaria, rheumatism, constipation, â€Å"absentmindedness† as well as the claims for mental and bodily disorders suffered by women (Grinspoon and Bakalar 3). There is also the contention for the prospect of establishing a regulated drug market which can be a profitable source of government tax. This idea illustrates the observation that the widespread use of illegal drugs and its potential to be a market commodity can overcome the legal restrictions ascribed unto it.   A controlled degree of the regulation of marijuana, for example, creates, instead, an increase in government revenues that may outweigh or, at least, come close to the actual government payments on law enforcement against the production, distribution and consumption of marijuana (Caputo and Ostrom 475). Refutations Drug Abuse is one of the most common criminal cases in the society today. It is a form of substance abuse, just like alcoholism, since these illicit drugs are actually addictive in nature. Because of this, many people who are hooked on drugs cannot easily let go of the addiction, and would often lead to drug-related crimes like robbery, physical assault, or even murder. Not only does these drugs dangerous to others, but it is also harmful in the drug users’ body, causing the body to take into negative turns, like deterioration and organ failures. When a person smokes or inhales marijuana smoke, he would usually feel rapid heart beats, loss of coordination and decreased sense of balance, slow reaction rate and a dry mouth. These are already signs of marijuana intoxication, along with the expansion of blood vessels in the eye, that’s why marijuana users usually have red eyes. The effects of marijuana would usually last two to three hours, where the marijuana user would usually tend to be sleepy. The negative effects of using marijuana would be hindering the user’s short term memory, wherein it would be difficult for him to remember recent events. This would usually lead to car crashes and other accidents, since their sense of coordination is greatly affected. Another dangerous drug would be cocaine. This drug’s effect on the body is really damaging, where addiction to cocaine could bring about permanent damages in one’s body or even death. Cocaine has both short term and long term effects. The short term effects are immediately noticeable, but not that damaging as compared to the long term ones. The common short term effects are a feeling of boosted energy, a decrease in a person’s appetite, and a rather hyped heart rate and blood pressure. There are still many other types of illegal drugs and similar forms of substances that create ill-effects to the overall health of individuals, oftentimes resulting for them to commit crimes that they could not have possibly committed had they not taken these illegal substances. Conclusion Although several illegal substances can actually bring forth benefits for individuals, the negative consequences outweigh these positive sides. Further, not all of these substances have positive effects when used, and that the negative consequences of illegal drug use oftentimes lead to crimes and violence. For these reasons along with the refutations against the legalization of drugs, it can be asserted that the legalization of drugs should not be taken as the ultimate measure for solving illegal drug issues. Rather, the reasons behind the legalization of drugs should be taken as a means in finding the deeper refutations against it. References Caputo, M. R., and B. J. Ostrom. â€Å"Potential Tax Revenue from a Regulated Marijuana Market: A Meaningful Revenue Source.† American Journal of Economics and Sociology 53.4 (1994): 475-90. Cocaine-Effects.com. â€Å"Cocaine Effects.† 2001. Dell, D. D., and J. A. Snyder. â€Å"Marijuana: Pro and Con.† The American Journal of Nursing 77.4 (1977): 630. Gorman, M. â€Å"Substance Abuse.† The American Journal of Nursing 97.11 (1997): 23. Grinspoon, L., and J. B. Bakalar. â€Å"The History of Cannabis.†Ã‚   Marihuana, the Forbidden Medicine. London: Yale University Press, 1997. 3. Smith, G. R. W. â€Å"Possession of Marijuana in San Mateo County: Some Social Costs of Criminalization.† Stanford Law Review 22.1 (1969): 101.

ABC Company Final Assignment Example | Topics and Well Written Essays - 1500 words

ABC Company Final - Assignment Example In the US alone there are, several companies dealing with the same product of Cedar roofing and siding shingles. Therefore, ABC Company has a large market to supply to raising its market share although in a very competitive market. ABC Company is a company that specializes in making cedar roofing and siding shingles. It has a 25% sales margin and has a growth target of three million in the next three years. Besides the competition, the demand for roofing sidings and shingles remains high because of the high rate of forthcoming real estate ventures. Apart from facing competition generated by several other companies, dealing with cedar in production of roofing and siding shingles, ABC tends to, also face high competition resulting from products manufactured using iron and clay, companies that operate in the same market. The prevailing fact is that, cedars products have do have a higher competitive gain over similar products that are made of iron and clay. There is also a little disadva ntage of cedar roofing and siding products, the prices tend to be too high thus scaring away potential customer, who resolves to cheaper iron products. ABC Company has a high chance of maintaining its development with minimal deviation from either downwards or upwards. The deviations could be because of the tough economic patterns forcing many homeowners who would prefer cheaper clay or iron products or clay products that are meant for their roofing and siding. ... I. Risk profile for ABC Company A risk profile evaluates an organization willingness to take risks as well as the threats to which an organization is exposed. Acceptable level of risk With a target growth of 3000,000, in the next three years, the risk associated with the growth should be laid out. The risk in introduction of a new product should also be included to ascertain the amount of risk ABC Company can take. As much as expansion comes to pave way for leverage on the skill in employees and the state of their manufacturing facilities, the risk involved should be evaluated to see whether the expansion will reduce or increase current risk. Possible threats One of the biggest threats will include competitors. The question here is; how much risk is already there and in presence of competitors, how much are they willing to expand or change to gain more consumers? The answer will be found once they evaluate risk associated with competition Another threat is that of trying to find addi tional products to leverage on their employee skill set and manufacturing facilities. Introduction of the products depends on probability, which in itself has high risk. The skill set and manufacturing facilities are certain Key risk areas The company’s has had a profit increase of 25% from the previous year. They will have to maintain of better that outcome and with the introduction of a new idea will increase on costs. They have to ensure their cash flow is on a positive trend. This will ensure positive cash flows that will encourage investment. In addition, another key risk area is on the financing of the project. They have to ensure that they pick the

Marketing Plan Essay Example | Topics and Well Written Essays - 750 words - 3

Marketing Plan - Essay Example ignificance of the fast food industry and major factors forming and regulating the industry and the environment under which it experiences its slow but steady and unbroken growth. Location: Location and surroundings of a business place play the most pivotal part in the success or failure of a company. The location for the very first restaurant of this fast food brand is suggested to be selected beside the beautiful lake, seven miles away from the city, where this newly introduced fast food will be launched within few months. The main reason behind establishing this location for the restaurant includes the peaceful and serene atmosphere, which is particularly attractive and appealing to the families, friends, youngsters, lovers and children alike. Hence, the individuals belonging to every age and socioeconomic status will enjoy themselves to drive towards the restaurant offering multiple food and entertainment facilities under an ideal and healthy environment. Targeting & Segmentation of Customers: Since food industry is one of the fastest growing businesses of the contemporary era, targeting and segmentation of the clients and customers is the most imperative strategy for an entrepreneur. Since fast food is particularly appealing to every socioeconomic class as well as age-group, both young and old are the target customers for the restaurant. The restaurant will have to assure the hygiene of the product it offers to its customers, so that it can witness a constant growth for the future years to come. In addition, being a bit away from the commercial and residential areas of the city, the restaurant will have to assure the quality of its product along with presentation of it under a pleasant, eye-catching, jubilant and enjoyable atmosphere, so that the visitors cannot resist the charm it offers to them at their first visit. Nature of Food: The restaurant aims to offer egg rolls, burgers, pizza, fried chicken pieces, nuggets, French fries and other immediately