...S.W.O.T Analysis in Project Management Md. Mashreki Islam Sami Bachelor of Science in Civil Engineering International University of Business Agriculture and Technology Dhaka, Bangladesh Abstract The main objective of this paper is to give an extensive knowledge on SWOT Analysis. In this paper SWOT analysis is discussed in the case of project management. SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats. Such analysis can be a part in a project or in a business venture. A SWOT analysis can be carried out for a product, place or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a convention at the Stanford Research Institute now called SRI International, in the 1960s and 1970s using data from Fortune 500 companies. Performing SWOT analysis allows setting achievable goals or objectives for the organization. SWOT analysis is important for organizations to plan future steps that are to be taken for development or to compete with other companies. Through SWOT analysis, a company or organization come across advantages, disadvantages, possibilities, capabilities and problems that they may face in a project takes visual. In this paper different sectors are considered where SWOT analysis is done successfully. Some other techniques of analysis such as Benchmarking, PESTLE...
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...the Boeing Outstanding Educator Award and a member of the team receiving the Hesburg Award for Educational Innovation TEACHING Teaching Role. My recent teaching has been in Rensselaer’s resident MBA program (both full and parttime), Professional and Distance Education Program and undergraduate programs. My research and teaching have made important contributions to efforts to build the marketing and management and technology curricula in the School of Management at Rensselaer and at other universities who have adopted our teaching materials. As a pioneer in interactive leaning material on product development and manufacturing, I have developed several interactive multimedia cases and collaborated on the development of simulations designed to teach marketing principles and bridge management and engineering disciplines. The simulations teach marketing, design and manufacturing concepts by exposing students to tradeoffs inherent in new product development. They help provide an understanding of design, manufacturing, and marketing decisions, as well as cash and investment flows, inventory management, and product planning. These materials have been used by several universities in the U.S. and abroad, as well as in the training...
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...originated in the US in the 1930s with the work of Mason (1939) and Bain (1959). This is now the standard framework for analysing the dynamics of an industry. However, the size and scope of the Australian construction industry at the turn of the millennium may be better understood using an alternative model that highlights the diversity of the industry and the range of actors involved. Industry analysis has traditionally focused on groups of firms with similar characteristics in their production processes, goods or services produced, and markets served in the wider economy. The distinction has been between firms and industries, and the analysis has emphasised the importance of economies of scale and scope (Sutton 1991) or organisational structure (Williamson 1979). One major difficulty in the standard structure-conduct-performance approach has been the definition of industries within the theoretical criteria of product homogeneity. Further, some analysts see the construction industry as a manufacturing system, similar to the automotive industry. This view underpins the recommendations in the Egan Report (1998) in the UK, which emphasises lean thinking in construction. This analogy argues the industry in Australia has a few very large key players whose task it is to 'assemble' constructed items, complete buildings or transport facilities for example. These key firms play the same role in both 'production' and innovation as the...
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...Chemical Engineering Program Department of Process Engineering & Applied Science Dalhousie University Halifax, Nova Scotia, Canada B3J 2X4 2 1 Industrial Safety & Loss Management Program Faculty of Engineering University of Alberta Edmonton, Alberta, Canada T6G 2G6 Prepared For: The Research Committee of the Canadian Council of Professional Engineers October 2006 SUMMARY The purpose of this paper is to “seed” the discussion by the Research Committee of the Canadian Council of Professional Engineers (CCPE) on the topic of risk management. The paper is in part a research paper and in its entirety a position paper. As can be inferred from the title, the authors hold the firm opinion that risk management is an area of knowledge with which all engineers should have familiarity and a level of competence according to their scope of practice. The paper first makes the distinction between hazard and risk. The two terms are often used interchangeably when in fact they are quite different. A hazard is a chemical or physical condition that has the potential to cause harm or damage to people, environment, assets or production. Risk, on the other hand, is the possibility or chance of harm arising from a hazard; risk is a function of probability and severity of consequences. A description of the process of risk management is then given. A generic framework for risk management is presented to illustrate the essential activities of hazard identification and the analysis, assessment...
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...Conducting an Organizational Assessment This paper will evaluate the Boeing Company’s business strategy and global competitiveness plan, an internal assessment of the Boeing Company will be presented using the SWOT analysis, and the external environment will be assessed via an external scenario evaluation. The company’s organizational structure will be presented, and the organization’s business process will be discussed utilizing the tools of business process design, as well as any potential ethical issues that may impact the traditional management functions of the company will be identified and preventative measures will be presented. Business Strategy & Global Competitiveness Plan: Business Strategy & Global Competitiveness Plan: Boeing’s international strategy focuses on mutually beneficial partnerships. Around the globe, Boeing is developing partnerships that benefit its customers, business partners and local economies. In return, the company is strengthened by growing sales and tapping the best technologies the world has to offer. According to the Boeing company’s 2010 annual report, sales outside the United States accounted for 41 percent of Boeing’s revenue. That number is expected to increase significantly over the next few years. More than 80 percent of the Boeing Commercial Airplanes’ backlog is for jetliners ordered by non-U.S. customers. International sales are rapidly increasing as a portion of Boeing Defense, Space & Security’s total revenue...
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...1.1 ORIGIN OF THE TERM PAPER This term paper has been made as a part of our course Security Analysis and Portfolio Management (Course code # 4242), Mrs. Jafrin Sultana has assigned us this term paper in order to gain some practical knowledge about how to conclude on investment decision and analysis on the basis of various valuation approaches. The perspective of such a term paper is to make us familiar with the key factors of security market that affect the users in decision making. For this purpose we have used the annual reports of Bangladesh lamps ltd, and try to analyze and understand the overall capital market components according to our best effort. 1.2 OBJECTIVES OF TERM PAPER This term paper is based on “financial analysis & stock valuation of Bangladesh lamps ltd”. The objective of this term paper is to provide present situation of the Bangladesh lamps ltd, corporate structure, industry performance, stock valuation, SWOT analysis, ratio and risk analysis and financial statement analysis of the company. More precisely we can identify the objective of this report as follows: * To provide the overall industry performance within our selected industry * To acquire experience of a real organization to supplement theoretical knowledge. * To know about how the academic issues taught in our educational institutions come to practical ground in an organization. * To get familiar with the organizational structure and financial aspect of our selected...
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...Engineering the Impossible: A Film Analysis The documentary “Engineering the Impossible” features three ‘impossible’ superstructures that would define the world’s grandest architecture and engineering: Millennium Tower, Freedom Ship, and Gibraltar Bridge. David Nelson, one of the key designers, designed Millennium Tower to be a city within a city, hosting its own hospitals, schools and a range of entertainment and retail options large enough to attract and keep the traffic necessary for the financial success of such an endeavor. Its designers calculate that this structure would represent the best solution to the world’s population explosion. Freedom Ship, designed by Norman Nixon, would be the world’s first mobile community and would house more than 60,000 people whose dream is to travel the world without leaving the comforts of their home. Its passengers would circle the globe within two years with no need of a traveling backpack as the ship would contain all of the features that any modern city might have. Gibraltar Bridge, designed by T.Y. Lin, spanning 9 miles over the Straits of Gibraltar at the entryway to the Mediterranean, would serve as the first modern structure to bridge two continents together, starting from Morocco in Northern Africa to Spain in Southern Europe. According to its designers, the success of such an impressive design is expected to contribute to both of the continents’ tourism industry and economy. On the other hand, engineering the ‘impossible’ would...
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...Objectives This report seeks to answer the following three questions about the Boeing 7E7 project: 1. What is an appropriate required rate of return against which to evaluate the prospective IRRs from the Boeing 7E7? a. Please use the capital asset pricing model to estimate the cost of equity. b. Which equity market risk premium (EMRP) did you use? Why? c. What Beta did you use and how did you derive it? d. Which risk-free rate did you use? Why? e. Which capital-structure weights did you use? Why? 2. Judged against your WACC, how attractive is the Boeing 7E7 project? a. Under what circumstances is the project economically attractive? b. What does sensitivity analysis (your own and/or that shown in the case) reveal about the nature of Boeing’s gamble on the 7E7? 3. Should the board approve the 7E7? Management Summary The analysis identifies both risks and benefits associated with undertaking the 7E7 project. Giving a calculated WAAC of 15.44% for the commercial division of Boeing, the project is feasible and profitable. As you will find, the financial calculations provided in this report show that the project will increase the wealth of the shareholders, also identifying the associated risks and how those could be minimized. Assuming the development costs are correctly estimated and the market response is properly gauged, the reasons to go forward with the project outweigh those against it. The market competition corroborated with the unfavorable economic conditions...
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...Very good. There is an awful lot of good work in the construction of this document: sensitivity analysis around the WACC values and consideration of other Economic Factors. It did not quite all come together perfectly at the end. See the detailed comments that I have made in the RHS margin. The Boeing 7E7 Team 14 Constantine Brocoum Courtney Delia Stephanie Doherty David Dubois Radu Oprea October 15th, 2009 Contents Objectives 1 Management Summary 1 Cost of Equity 1 Equity Market Risk Premium 1 Beta 2 Risk Free Rate 2 Capital Structure Weights 2 Boeing 7E7 Project Evaluation 4 Circumstances for an economically attractive project 4 Market Demand 4 Market Share 4 Sensitivity Analysis 4 Conclusion 7 Board approval for the project? 7 Appendices 7 Appendix A 7 Objectives This report seeks to answer the following three questions about the Boeing 7E7 project: 1. What is an appropriate required rate of return against which to evaluate the prospective IRRs from the Boeing 7E7? a. Please use the capital asset pricing model to estimate the cost of equity. b. Which equity market risk premium (EMRP) did you use? Why? c. What Beta did you use and how did you derive it? d. Which risk-free rate did you use? Why? e. Which capital-structure weights did you use...
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...Management Summary The analysis identifies both risks and benefits associated with undertaking the 7E7 project. Giving a calculated WAAC of 15.44% for the commercial division of Boeing, the project is feasible and profitable. As you will find, the financial calculations provided in this report show that the project will increase the wealth of the shareholders, also identifying the associated risks and how those could be minimized. Assuming the development costs are correctly estimated and the market response is properly gauged, the reasons to go forward with the project outweigh those against it. The market competition corroborated with the unfavorable economic conditions prompt a swift and decisive answer from Boeing. The new 7E7 will have lower operating costs due to increased cargo space and increased fuel economy due to new engine design, would also be versatile and suitable for both short and long flight routes. Ensuring the development and manufacturing costs are kept down by employing decades of engineering expertise and already proven technologies and solutions, it is recommended that Boeing undertakes the 7E7 project. Cost of Equity The 7E7 Project is a risky project. With a beta of 2.540738, which is substantially higher than the stock market average company, volatility is expected in this investment. However, with risk comes a reward. The 7E7 project would need to provide returns of 22.7009% in order to be considered a sound investment. E(Ri) = .0456+ 2...
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... In this report of “Indian Automobile Industry”, we have tried to implement our learning from this course. We would like to thank you for offering the opportunity to work on this topic. Despite many limitations, we have tried our best to make this report accurate and reliable. If you have any further enquiry concerning any additional information, we would be very pleased to clarify that. This report also includes the key components and their brief discussion related with this subject that you have mentioned earlier. Yours sincerely, Students of Sec-12 MGT (372) Acknowledgement: The most pleasant part of submitting the report is to get the opportunity. We would like to thank those who have contributed to it a lot. Unfortunately, the list of expression of thanks- no matter how extensive is always incomplete and inadequate. These acknowledgements are no exception. Our first thank goes to the almighty Allah for bestowing us the patience and courage to finish this huge task within its deadline. Thanks must go to the team members, whose unflagging patience and astounding capacity for creative work, and long hours made the report both possible and successful – under the pressure of knocking deadline. In addition, thanks to those who has given us important and valuable advises about our report. At last, we sincerely acknowledge our debt toMehreeIqbal (MeI), our honorable faculty, for his valuable counseling towards the improvement of the report. Without his...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/1463-5771.htm BIJ 13,1/2 Best practices of collaboration between university and industrial SMEs P. Pecas and E. Henriques ¸ Technology and Management Group, Department of Mechanical Engineering, ´ Instituto Superior Tecnico, Lisboa, Portugal Abstract Purpose – The purpose of this paper is to contribute to the implementation of best practices of collaboration between university and industrial small- and medium-sized enterprises (SMEs). Design/methodology/approach – This paper presents the experience carried on by a university group fostering the collaboration with SME companies involving young engineering students and researchers in projects designed for the resolution of real industrial problems. A collaboration model is proposed and described. Four real case studies are presented. Findings – The purposed model promotes the involvement of the young engineers with authentic industrial experiences, enables the build-up of their practical framework and encourages their entrepreneurial growth. It also promotes the innovation process in SME companies through the close collaboration with universities. Practical implications – The collaboration between universities and SME companies should be based on a small projects base. These projects must be focus in localized and specific problematic areas in the industrial companies, where the potential of improvement and innovation is large...
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...Second Year - Third Semester 3.0.1 International Business - University Assessment 100 Marks Course Content 1. Overview of the International Business Process 2. PEST factors affecting International Business 3. Government influence on trade 4. International Trade Theories 5. FDI 6. Country Evaluation and Selection 7. Collaborative Strategies 8. International Marketing 9. International Trade Agreements 10. International Trade Organizations 11. Forex 12. International HR Strategies 13. International Diplomacy Reference Text 1. International Business – Daniels and Radebough 2. International Business – Sundaram and Black 3. International Business – Roebuck and Simon 4. International Business – Charles Hill 5. International Business – Subba Rao 3.0.2 Strategic management 100 Marks Course Content 1. Strategic Management Process: Vision, Mission, Goal, Philosophy, Policies of an Organization. 2. Strategy, Strategy as planned action, Its importance, Process and advantages of planning Strategic v/s Operational Planning. 3. Decision making and problem solving, Categories of problems, Problem solving skill, Group decision making, Phases indecision making. 4. Communication, Commitment and performance, Role of the leader, Manager v/s Leader, Leadership styles. 5. Conventional Strategic Management v/s Unconventional Strategic Management, The differences, Changed Circumstance 6. Growth Accelerators: Business Web, Market Power, Learning based. 7. Management Control, Elements,...
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...With respect to the current subject matter of productivity and its maximization, the fact is that, productivity is what makes a business grow and lucrative. Before I proceed with the discourse it is highly pertinent that I define the key term of the discourse which is productivity: “Productivity is a measure relating a quantity or quality of output to the inputs required to produce it. Often means labor productivity, which is can be measured by quantity of output per time spent or numbers employed. Could be measured in, for example, U.S. dollars per hour.” (Economics) Now coming to the topic of productivity in the context of the topic at hand, it is quite clear that an increase in labor output on an hourly basis is labor productivity. What are the determinants of Labor productivity, they are as follow: * The level of technology that is prevailing in the Company and the industry on relative basis. If the concerned company has a higher level of technology than its competitors. Also the technological level is at par or above industrial standards then obviously labor productivity will increase. * The capital expenditure per capita by the company. If the company’s physical capital, equipment is up to date it is a direct function of labor productivity. However if he equipment is derelict or not up to date then this will have a significant material decline on productivity as a whole, assuming all else equal. * Capacity Utilization, this is also another pertinent determinant...
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...SCHEDULING FRAMEWORK FOR TRACK LINKING IN RAILWAY PROJECTS First Review Report By Andrew George Cherian Under the guidance of Dr. Koshy Varghese Building Technology and Construction Management Department of Civil Engineering Indian Institute of Technology, Madras October 2015 TABLE OF CONTENTS Contents 1. INTRODUCTION 4 2. PROBLEM STATEMENT 4 3. OBJECTIVE 5 4. SCOPE OF WORK 5 5. METHODOLOGY 6 6. LITERATURE REVIEW 7 7. PILOT STUDY 8 7.1 RAIL WELDING 8 7.1.1 FLASH BUTT WELDING MACHINE 8 7.2 PRE-REQUISITES FOR LAYING THE TRACK 9 8. PROBLEM VALIDATION 12 9. ISSUE IDENTIFICATION 13 10. PROJECT TIMELINE 16 11. REFERENCE 16 TABLE OF FIGURES Fig1. Methodology Flowchart 6 Fig 2. Sequence of activities 10 Fig 3. Work Sampling Chart 10 Fig 4. Idle time distribution 11 Fig 5. Snapshot of planning assumptions 12 Fig 6. DPR for welding for a typical month 13 Fig 7. Snapshot of Internal Hire Charges 15 Fig 8. Project Timeline 16 1. INTRODUCTION Railway track construction started in India in 1859, with first operational line between Mumbai and Thane. It is the most critical transportation system of the country for passengers and goods. Spread of the railway track across any country is a key indicator of infrastructure and economy of a country. As of 2014-2015 India has a spread of more than 65000 route km of railway track (Indian Railways,2015). A typical railway construction project involves the construction of...
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