...The following case represents a realistic situation facing construction firm that has just won a competitive contract. The realistic conditions complicating the project are described in detail, as are the alternatives offered by the staff for dealing with these complexities. Case The Sharon Construction Corporation The Sharon Construction Corporation has been awarded a contract for the construction of a 20,000-seat stadium. The construction must start by February 15 and be completed within one year. A penalty clause of $15,000 per week of delay beyond February 15 of next year is written into the contract. Jim Brown, the president of the company, called a planning meeting. In the meeting he expressed great satisfaction at obtaining the contract and revealed that the company could net as much as $300,000 on the project. He was confident that the project could be completed on time with an allowance made for the usual delays anticipated in such a large project. Bonnie Green, the director of personnel, agreed that in a normal year only slight delays might develop due to a shortage of labor. However, she reminded the president that for such a large project, the company would have to use unionized employees and that the construction industry labor agreements were to expire on November 30. Past experience indicated a fifty-fifty chance of a strike. Jim Brown agreed that a strike might cause a problem. Unfortunately, there was no way to change the contract. He inquired about...
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... Abstract This paper will discuss a case study from the text book “Project Management: A Managerial Approach.” The case is titled “The Sharon Construction Corporation.” The case consists of a construction company that has won a contract for an upcoming project. The project is erecting a 20,000-seat stadium. The case is very in-depth in regards to the different stages of the project, and the amount of time that each stage will take to complete. Within the case, there are five different proposals that are given by the management team. Each of these proposals contains ways to reduce time, and work around specific identified risks that are associated with completing the project. In this paper, I will discuss the overall project timeline, the five proposals, and identify the best solution to complete the project on time, and with the most profit possible for the company. Project Overview The upcoming project for The Sharon Construction Corporation is a project that has the potential to generate a substantial profit of $300,000. In order to maximize this potential profit, there are several risks that are associated that need to be analyzed and thought out to arrive at the most economically efficient conclusion. The first risk is the complication of the dates associated with the start and completion date. Construction on the project must start by February 15. Once the project is started, the company has one year to complete. A penalty clause of $15,000 per week...
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...The Sharon Construction Corporation The Sharon Construction Corporation has been awarded a contract for the construction of a 20,000 seat stadium. The construction must start by 28th February 2013 and be completed within one year. A penalty clause of $15,000 per week of delay beyond 28th February of 2014 is written in the contract. Jim Brown, the president of the company, called a planning meeting. In the meeting he expressed great satisfaction at obtaining the contract and revealed that the company could profit as much as $300,000 on this project. This total project will cost $2,000,000 according to the contact. He was confident that the project could be completed on time. Bonnie Green, the project manager, agreed that in a normal year only slight delays might develop due to shortage of labor. However, she reminded the president that for such a large project, the company would have to use outsourced employees. Past experience indicated a fifty-fifty chance of a strike. Technical Details of the stadium: The stadium is an indoor structure with a seating capacity of 20,000. The project begins with clearing the site, an activity that lasts eight weeks. Once the site is clear, the work can start simultaneously on the structure and on the field. The work in the field involves surface drainage which lasts eight weeks, followed by filling for the playing field and track. Only with the completion of the filling (14 weeks) can the installation of the artificial playing...
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...Senior Housing Needs Survey Spring, 2005 As part of its mission, the Sharon Council on Aging is organized to educate the community about aging, to promote the independence of elders, advocate before local government and within the community for the needs of elders, design, advocate, and/or implement services to meet these needs. In carrying out our mission, and in response to issues including rising property taxes in town, lack of suitable housing options for senior citizens residing here, and a concern on the part of some town residents in regard to the impact of and/or need for various housing construction proposals for seniors and others, the Council on Aging surveyed elders and baby boomers to determine senior housing needs. It was felt that the responses to the survey might assist those officials involved with planning, zoning, and funding – including various boards and committees – by providing the database for a rationale for short and longer term housing construction or other solutions for elders and baby boomers, many of whom will soon be seeking alternatives to large, single-family homes and who might well prefer to stay in their own community. The surveys were distributed in Town Reports, made available at the Library, Town Hall, the COA, and at the High School on Election Day (May 17, 2005), and also published in the Sharon Advocate. 184 surveys were received by deadline and included in the results. Questions included age, income, current residence, housing preferences...
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...Question 1: Ian brings a claim for breach of contract against Ben. Discuss whether Ian and Ben formed an enforceable contract and whether Ian is likely to succeed with his claim An enforceable contract can be described as an agreement that can be enforced by the courts. However there are certain essential elements of a valid and enforceable contract. For this purpose, it is required that one party should make an offer and the other party should accept the offer. Similarly there should be a meeting of the minds. Other requirements of a valid contract our consideration and the capacity to enter into the contract. It needs to be noted that the law of contract provides that the party making the offer can revoke the same at any time before the other party has accepted the offer (Peel, 2007). At the same time, it is also required that the offer should be accepted unequivocally by the party to whom the offer has been made. In this regard, the postal role of acceptance provides that when post has been contemplative as the means of communicating the acceptance, the contract is considered to have been completed when the party accepting the offer, places the letter containing the acceptance in the mailbox. In this way, this rule is an exception to the general rule according to which, the acceptance is treated as concluded when the party making the offer receives the acceptance. The postal role was provided in the famous case of Adams v Lindsell (1818). In the same way, this rule has also...
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...Who Is The Federal Reserve Chairman? Ben S. Bernanke is the chairman for the Federal Reserve. Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. His father Philip was a pharmacist that managed a theater part-time and his mother Edna was an elementary schoolteacher. Bernanke has a brother and sister and is the eldest. His younger brother, Seth, is a lawyer in Charlotte, North Carolina, and his younger sister, Sharon, is a longtime administrator at Berklee College of Music in Boston. As a teenager, Bernanke worked construction on a new hospital and waited tables at a restaurant at nearby South of the Border, a roadside attraction in his hometown of Dillon, before leaving for college. Bernanke met his wife Anna, a schoolteacher, on a blind date. She was a student at Wellesley College, and he was in graduate school at MIT. The Bernanke’s have two children. He received a B.A. in economics in 1975 from Harvard University, and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. Bernanke originally took office as Chairman on February 1, 2006, when he also began a 14-year term as a member of the Board. Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006. By virtue of the chairmanship, he sits on the Financial Stability Oversight Board that oversees the Troubled Asset Relief Program. He also serves as Chairman of the...
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...| Role of Engineering Science | Marc Ramroop ID No : 58391 | | Sharon Mohammed | | | 10/3/2012 | | Engineering is the art or science of making practical application of the knowledge of pure sciences such as physics or chemistry, as well as the construction of engines, bridges, mines, ships and chemical plants. John Smeaton was the first self-proclaimed civil engineer ,and is often regarded as the father of civil engineering. He was English and helped establish the design for bridges, canals, harbours and lighthouses. Smeaton designed the third Eddystone lighthouse (1775-59) where he pioneered the use of ‘hydraulic lime’ (a form of mortar which will set under water) He is important in the history, rediscovery of, and development of modern cement, because he identified the compositional requirements needed to obtain ‘hydraulicity’ in lime. The role and application of engineering science is important based on inventing and creating new ideas. It is from these roles in engineering science , we develop and enhance answers to our problems. we do this such that experiments are carried out and prove whether or not our predictions were made accurately or inaccurately. Engineering science has a huge role in the history of bridges. Engineering Science has matured bridges into being one of the best creations man has designed. Engineering Science allows engineers to make bridges towards their intention and determine variables which can produce better bridges....
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...word getAbstract. Several of the readings had outlined how big corporations are destroying our environment and in which ways they are taking advantage of some people. For example, the articles about Wal-Mart’s and Target’s outline the low working conditions, its effects on communities and international labor standards that this corporations are providing to its employees. I believe that these company should treat its employees with some degree of respect and dignity. They should realize that part of their success is due to its employees’ work. Tweet Topic No. 2: discuss/comment WSJ, CSRwire readings. Be sure to include reference to the either WSJ or CSRwire (as appropriate). The article “GM Boosts Volt Defense as Sales Falter” by Sharon Terlep outlines General Motors Co. chief Executive Dan Akerson’s defense against the allegation that the Chevrolet Volt’s battery-powered was could cause potential fire. Mr. Akerson states that the Volt was failing to meet sales expectation and sales were declining significantly. In addition, he states that the car was declared safe by the National Highway Traffic Safety Administration. “For the sake of the Volt and electric vehicles in general it is important we close the door on this issue “ said a GM spokesman. Moreover, the NHTSA decided to wait six months to disclose concerns about a potential fire risk with the Volt. I do not understand why federal safety regulators waited six months before telling the public that a Volt battery caught...
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...The United States and Israel Many people think that the Palestinian-Israeli conflict dates back to several centuries ago, but in truth, the conflict began with the creation of Israel in 1948. Tensions first arose between Jewish people and Palestinians after World War II, after many Jewish people immigrated to Palestine. The Palestinian people consisted of more than one faith, including a majority of Muslims and some Christians as well. Palestinians wanted the Jews to live in Palestine as a minority, however Zionist organizations wanted at least a partition to be approved by the U.N. General Assembly. The idea of a Jewish state became relevant to the United States in the 1940s, specifically when President Truman was preparing for re-elections. The United States has taken several different stances on the Palestinian-Israeli conflict dating back to the early 1900s – during the Zionist movement and preparation of creating a Jewish state - until today, and its stance has always been changing and inconsistent throughout history. Some U.S. Presidents have supported Israel from its creation while some have opposed Israeli settlements and put effort into achieving peace and giving Palestinians back their rights. The Zionist movement in the United States was pushing to create a Jewish state in Palestine around 1916. President Woodrow Wilson, a Presbyterian Christian, was inclined to the idea of a Jewish state, but his meetings with Zionist leaders were never documented by the State...
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...Subject Name: Indigenous Australian Politics Subject Code: IA2016 Study Period: SP1 Study Mode: External Campus: Townsville Subject Coordinator: Sharon Moore Student: Josephat Magomo Assessment Task 1: Reflective Critique The European colonisation of Australia over the past two centuries has resulted in violent conflict, forced dispossession, displacement and protectionist policies that denied Aboriginal and Torres Strait Islander people basic rights, separated families and entrenched discrimination and inequalities. Over the past centuries there have been many changes in the attitudes and rights regarding the Aboriginal and Torres Strait Islander people. Despite the efforts by Australian government’s initiatives of ‘Closing the Gap’ in an attempt to address the inequalities between indigenous and white Australians there are still vast gaps in terms of socio-economic status, health care and welfare services, life expectancy, education, employment, housing ownership, land tenure and land rights. However, Aboriginal and Torres Strait Islander people still experience an ongoing prejudice and discrimination as a marginalised minority group. Therefore, there is still a great deal of negativity that needs addressing in our society. Aboriginal and Torres Strait Islander people still experience ongoing prejudice and discrimination as a marginalised minority group (Pedersen, Beven, Walker & Griffiths, 2004). Despite efforts by the government to address the inequalities...
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...Client Understanding Paper Sharon Sherman ACC/541 December 13, 2010 Rebecca Kime Client Understanding Paper To be able to complete the analysis of the work papers of the current clients’ work papers certain information must be obtained. The topics of the information requested are the (1) adjusting lower cost of market inventory on valuation, (2) capitalizing interest on building construction, (3) recording gain or loss on asset disposal, and (4) adjusting goodwill for impairment. To alleviate the concern of the client of why the information is requested analysis of each topic and its importance will be discussed in this paper. The adjusting lower cost of market inventory valuation is essential because through the life cycle of inventories the inventories will decline in value. Although the primary basis of accounting for inventories is cost when when inventories usefulness become lower than cost then the use of adjusting lower cost of market is accepted. There are many advocates that think that inventories should be valued at market price. The belief is assets should reflect current values. Generally Accepted Accounting Principles instructs that when inventories decline in value the future selling price should move in the same direction in the same time period. The American Institute of Certified Public Accountants provides the following definitions for use when applying the lower cost or market rule to inventories. These definitions are: 1. Market should not...
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...Fundamentals of Research Methodology Sharon Skinner March 12, 2012 PSYCH/540 Research Methodology Dr. Maribeth Clarke Fundamentals of Research Methodology The Science of Psychology Although the study of human minds are reveals signals of the order and control for one’s wealthy and diverse accountability. Psychology have differ contemporary concepts with differ significant. Psychology has been described in numerous ways over a short time. One main definition currently used is: Psychology is the method of science that study a person mind for one’s beliefs, thinking, and emotions with this information problem-solving can be knowledgeable. Psychology the science is applied to every areas of an individual life. The practice of psychology is in the areas of one’s life. In details, psychologist will study an individual emotion, how, what, why can one’s do it. The area under discussion material does not identify a discipline as scientific; moderately, the techniques used to study the area under discussion material define a discipline. In psychology, a value is on the dependable and compelling purpose of investigational and connecting events in the compiling of behavioral facts. So, of course, individuals can be deliberate methodically researched. Starting a century ago psychological research has made available an important tool of technical and matter-of-fact understanding about one’s type. From constructing a method of research whereas still unfinished understanding...
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...Issues that continue to block peace between Palestinians and Israelis The issue of Palestine and Israel is one that has been hotly contested for over a thousand years. The last fifty years have been especially important in the history of the Jewish people and Palestinians. Since the death of Yasser Arafat on the 11th of November 2004, and the election of Mahmoud Abbas as his successor as leader of the Palestinian Authority, significant steps have been taken towards a lasting peace. This will hopefully lead to a conclusion of the second Palestinian intifada, which began in late September 2000, and to an end of the oppression of the Palestinian people by the Israeli Defense Forces. Both Jews and Arabs have suffered heavily from the conflict, thousands of innocent civilians have died on both sides, and peace is in the interests of all. History of the Conflict The disputed territory that has been alternately referred to as Palestine and Israel is relatively small, the total area is only roughly 22 000 square kilometers. It is bordered by Jordan on the East, Lebanon on the North, Egypt and the Mediterranean Ocean on the West, and shares 76 kilometers of border with Syria in the North East. The two disputed territories that are occupied by the Israeli Army but under the autonomous control of the Palestinian Authority are the West Bank and the Gaza Strip. These two territories amount to roughly 6400 square kilometers, the West Bank makes up the majority of this area – it amounts...
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...Running head: IDENTIFYING THE SCIENCE PROCESSES Identifying the Science Processes Sharon Hale GCU: EED-334 1/20/2013 Sharon Hale EED-364 1/20/2013 Module 1 Science Processes CHART Basic Processes | Definition | Example | Observing | Making notes on qualities and characteristics of an object using the senses. Creating observations in numbers is quantitative observations and provide more indebt information | Noting information objectively instead of personal opinion such as “the rotting apple has a distinct odor” instead of “the apple smells bad”. Students can observe fruit using the sight smell taster and touch. | Classifying | Grouping together the objects based on their common qualities and characteristics. | Traits of an object in relation to their appearance; an apple is red, yellow or green, sweet or sour but still a fruit. Create a chart that classifies the fruit by color and taste. | Communicating | Articulating an objects qualities and characteristics in a descriptive way. | Explaining information and data indicated on notes, charts or data display tables. | Measuring | Comparing the objects attributes to an ordinary reference such as standard and nonstandard | Measure the weight, temperature, and length of the objects used in an experiment using rulers, scales and thermometers. | Predicting | Foretelling events based on collected information. | Predicting that a piece of fruit will ripen faster when exposed to room temperature than a refrigerated...
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...Figurative Language versus Literal Language Sharon D. Dove October 29, 2012 We use language to communicate with each other regardless of where we live in this world. We can either speak or write literally or figuratively. In literal language we say or write exactly what we mean while in figurative language our meaning is less obvious. In the following pages we will look at some of the figurative language adopted by the English language. For each term I will give the definition, followed by an example. I will then describe an appropriate circumstance for using the example and when it might lead to misunderstanding. Idiom: The language peculiar to a people or to a district, community, or class. Don’t give up your day job. This idiom is commonly used to describe someone who believes they are very good at something and could make a living doing just that when in fact in the eyes of others they are really actually no good. Analogy: The inference that if two or more things agree with one another in some respects. They will probably agree in others. During election times we can hear candidates saying things like, Bill Clinton, Rhode Scholar is to genius as Mitt Romney is to ignorance. Metaphor: A figure of speech in which an implied comparison is made between two unlike things that actually have something important in common. The weather was so heavy on Saturday, it was raining cats and dogs, is an example of a metaphor. We use this metaphor to explain...
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