Free Essay

Introduction to Triple Cube

In: Business and Management

Submitted By blackperry101
Words 1521
Pages 7
THE INTERNATIONAL UNIVERSITY VNU-HCM [pic] SCHOOL OF BUSINESS

(BA117IU)

INTRODUCTION TO MICROECONOMICS

COURSE GUIDELINE June 2015

CONTENT
1. COURSE STAFF 3
1.2. Communication with Staff 3

2. INFORMATION ABOUT THE COURSE 3
2.2. Teaching times and Locations 3
2.3. Units of Credit 3
2.4. Perquisite and Parallel courses 3
2.5. Relationship of this course to other course offerings 3
2.6. Approach to learning and teaching 4

3. COURSE OBJECTIVES AND OUTCOMES 4
3.2. Course objectives 4
3.3. Student learning and outcomes 4
3.4. Teaching Strategies 4

4. STUDENT RESPONSIBILITIES AND CONDUCT 5
4.1. Workload 5
4.2. Attendance 5
4.3. General Conduct and Behavior 5
4.4. Keeping informed 5

5. LEARNING ASSESSMENT 5
5.1. Assessment details 5
5.2. Assignment Submission Procedure 7
5.3. Late submission 7
5.4. Assignment Format 7

6. ACADEMIC HONESTY AND PLAGIARISM 7

7. STUDENT RESOURCES 8
7.1. Course Resources 8

8. COURSE SCHEDULE 9

COURSE STAFF

Teaching Staff: Cao Minh Man PhD
Room: A1-308
Phone:
Email: cmman@hcmiu.edu.vn
Consultant times: To be advised/ also by appointment

Tutor:
Room:
Phone:
Email:
Consultant times:

1 Communication with Staff

Student are advised to contact staff during consultant times, or by arranging an appointment

INFORMATION ABOUT THE COURSE

2. Units of Credit
UOC value for the course: 3

1 Perquisite and Parallel courses

Not applicable

2 Relationship of this course to other course offerings

This is core required course for all majors in the Bachelor of Business Administration (BBA). It focuses on the basic principles of market economy.

3 Approach to learning and teaching

The teaching and learning adopted in this course is learner-center, and consequently, requires active student participation and contribution. Through a range of interactive activities and teaching strategies, it seeks to engage students in the learning. It also seeks to facilitate independent learning through individual tasks and research, and fosters collaborative learning through a range of group activities. It considers prior learning through a range of group activities.

COURSE OBJECTIVES AND OUTCOMES

5 Course objectives

This course seeks to provide an in-depth understanding of basic economic concepts and scare resources, market in which supply, demand and prices are examined in connection with consumers as well as producer behavior. The students can also evaluate various types of market structures as well as the Government intervention into the market. The subject also provides the students with necessary abilities to evaluate economic variables of efficiency. All of the help students plan for a company’s short-run and long-run development more effectively with consideration of effects of the government’s policies.

6 Student learning and outcomes

By the end of this course, students should be able to: - Demonstrate an understanding of the concepts of economics, the allocation of scare resources - Analyze and evaluate the factors that affect supply, demand, and price of a good in a market and the elasticity - Demonstrate an understanding of the government intervention into the market of a particular product such as price ceiling and floor, tax and subsidy. etc - Recognize and demonstrate and understanding of various kinds and market structures and the strategies of firms in these market structures. - Understanding the beaviours of supplier and buyer in the input market

7 Teaching Strategies

The teaching and learning approach in this course is highly inter-active, requiring student participation and contribution. To this end, and prior to each class, students must: - Download the weekly lecture and tutorial outline from the course website through https://www.facebook.com/drnguyenquynhmai - Prepare your weekly readings (from the textbook and other distributed course materials) - Prepare your responses to set discussion questions and cases - Be prepared to participate in the class discussions, group work

The general format of classes in this course will be as follows (with some variations) - Lecture (3.0 hours): theories and conceptual framework, discussions and group presentations - Tutorial (1.0 hours): case studies, group discussion, exercises and assignments

STUDENT RESPONSIBILITIES AND CONDUCT

1 Workload

It is expected that you will spend at least 6 hours per week studying this course. This time should be made up of reading, working on exercises and problem, group assignment and attending class lectures and tutorials. In periods where you need to complete assignment or prepare for examinations, the workload may be greater.

2 Attendance

Your regular and punctual attendance at lectures and related seminar (if any) is expected in this course. University regulations indicate that if students attend less than 80% of scheduled classes they may be refused final assessment. Regular attendance is essential for successful performance and learning in this course, particular in view of the interactive teaching and learning approach adopted. Please inform your lecture if you are unable to attend the class, and arrange for a classmate to collect any handouts.

3 General Conduct and Behavior

You are expected to conduct yourself with considerable and respect for the needs of your fellow students and teaching staff. Conduct that unduly disrupts or interferes with a class, such as ringing, or talking on mobile phones, or chatting on internet, is nor acceptable and students may be asked to leave the class.

4 Keeping informed

You should take note of all announcements made in lectures, tutorials or on the course website. From time to time, the University will send important announcements to your through website, course website and/ or Announcement Board (of School of Business and/ or Academic Affair) without providing you with a paper copy. You will be deemed to have received this information.

LEARNING ASSESSMENT

1 Assessment details

Midterm 40%
Final 60%

Mid-term Test
The midterm test will be 60 – 90 minutes in length and will be in the form of multiple choices questions. This is close book test.

Final Test
The final test will be 90 – 120 minutes in length during Final Exam Period. The paper will consist of 2 parts: the first part is multiple choices questions, that usually take 50 – 60%, and the second part is case study and/ or open questions. This is open book test.

ACADEMIC HONESTY AND PLAGIARISM *

The University regards plagiarism as a form of academic misconduct, and has very strict rules regarding plagiarism.

Plagiarism is the presentation of the thoughts or work of another as one’s own. Examples include: - direct duplication of the thoughts or work of another, including by copying work, or knowingly permitting it to be copied. This includes copying material. Ideas or concepts from a book, article, report or other written document (whether published or unpublished), composition, artwork, design, drawing, circuitry, computer program or software, web site, Internet, other electronic resource, or another person’s assignment without appropriate acknowledgement; - paraphrasing another person’s work with very minor changes keeping the meaning, form and/ or progression of ideas of the original; - piecing together sections of the work of others into a new whole; - presenting an assessment item as independent work when it has been produced in whole or part in collusion with other people, for example, another student or a tutor;

The inclusion of the thoughts or work of another with attribution appropriate to the academic discipline does not amount to plagiarism.

Students are also reminded that careful time management is an important part of study and one of the identified causes of plagiarism is poor time management. Students should allow sufficient time for research, drafting and the proper referencing of sources in preparing all assessment items.

STUDENT RESOURCES

1 Course Resources

The following text and references are essential for the course.

Textbook:
N. Gregory Mankiw (2012 ), Principles of Economics, 6th edition, Thomson South-Western
References:
David Begg, Economics, Stanley Fischer
Paul A. Samuelson & William D. Nordhaus, Economics, 19th Edition, Mc.Graw-Hill, Inc.

Useful Websites:

1. Open Courseware, Fulbright Economics Teaching Program: http://ocw.fetp.edu.vn/index.cfm

2. Mankiw Xtra! Website: http://mankiwxtra.swlearning.com

3. Vietnam Economic Times: http://vneconomy.vn/home.htm

4. Dominique Salvatore, Managerial Economics Website http://www.swlearning.com/economics/salvatore/salvatore5e/salvatore5e.html

5. ECO 100 Online http://www.chass.utoronto.ca/~reak/eco100/

The students are encouraged to add more reference resources into this list

COURSE SCHEDULE

|Wk |Topic |Readings: Mankiw |
|1 |Course Introduction |Chapter 1, Chapter 2 & Chapter 3 |
| |Lecture 1: Basic Concepts of the | |
| |Economics | |
|2 |Lecture 1: Basic Concepts of the |Chapter 1, Chapter 2 & Chapter 3 |
| |Economics (Cont) | |
|3 |Lecture 2: Supply – Demand & Market |Chapter 4, Chapter 6, Chapter 7 |
| |Prices | |
|4 |Lecture 2: Supply – Demand & Market |Chapter 4, Chapter 6, Chapter 7 |
| |Prices | |
| |(Cont) | |
|5 |Lecture 3: Elasticity and Its |Chapter 5 |
| |Applications | |
|6 |Lecture 4: Theories of Consumer Choice |Chapter 21 |
|7 |Lecture 5: Externalities and Public |Chapter 10, 11 |
| |Goods | |
|8 |MID-TERM | (Chapter 1, 2, 3, 4, 5, 6, 7, 21) |
|9 |Lecture 6: Production and the Cost of |Chapter 13 |
| |production | |
|10 |Lecture 6: Perfect competitive market |Chapter 14 |
|11 |Lecture 7: Monopoly |Chapter 15 |
|12 |Lecture 8: Monopolistic competition |Chapter 16 |
|13 |Lecture 9: Oligopoly |Chapter 17 |
|16 – 17 |Final | (Chapter 10, 11, 13, 14, 15, 16, 17) |

* Used with kind permission from the University of New South Wales

Similar Documents

Premium Essay

Getting to the Bottom of “Triple Bottom Line”*

...In Press, Business Ethics Quarterly Getting to the Bottom of “Triple Bottom Line”* by Wayne Norman and Chris MacDonald March 2003 Abstract: In this paper, we examine critically the notion of “Triple Bottom Line” accounting. We begin by asking just what it is that supporters of the Triple Bottom line idea advocate, and attempt to distil specific, assessable claims from the vague, diverse, and sometimes contradictory uses of the Triple Bottom Line rhetoric. We then use these claims as a basis upon which to argue (a) that what is sound about the idea of a Triple Bottom Line is not novel, and (b) that what is novel about the idea is not sound. We argue on both conceptual and practical grounds that the Triple Bottom Line is an unhelpful addition to current discussions of corporate social responsibility. Finally, we argue that the Triple Bottom Line paradigm cannot be rescued simply by attenuating its claims: the rhetoric is badly misleading, and may in fact provide a smokescreen behind which firms can avoid truly effective social and environmental reporting and performance. Introduction The notion of “Triple Bottom Line” (3BL) accounting has become increasingly fashionable in management, consulting, investing, and NGO circles over the last few years. The idea behind the 3BL paradigm is that a corporation’s ultimate success or health can and should be measured not just by the traditional financial bottom line, but also by its social/ethical and environmental performance...

Words: 10518 - Pages: 43

Premium Essay

Rubric Cube

...Running head: Rubric Cube Rubric Cube Nancy Malicki Grand Canyon University SPE 330 October 7, 2012 Rubric Cube A rubric is an essential tool for any teacher of any age group. It provides the ability to accurately display the results of evaluating just about any activity or event, even websites. The following pages contain two rubrics that can be used by a teacher for evaluating specific website experiences. The first rubric will evaluate a website about special education. The second rubric will evaluate the author’s potential achievement of the National Board for Professional Teaching Standards: Exceptional Needs Specialists/Early Childhood Through Young Adult Standards (NBPTS:ENS/ECTYAS). Rubric 1 Evaluate Web Site | Poor 1 pts | Fair 2 pts | Good 3 pts | Content | Information garbled or does not match search topic. | Provides cursory information about the search topic. | Provides ample and in depth information about the search engine topic. | Quality of Information | More ads than information on site. | Site loads well and has some information that can be used. | Information is well researched, well presented, and well organized. | User Friendly | Links broken, pop-up ads everywhere, information not available or site down or not up and running yet. | Limited amount of actual information intermingled with link for ads or other search engines. | Site was well organized and easy to follow. Information was provided with limited or no......

Words: 1072 - Pages: 5

Free Essay

Parallel Querying of Rolap Cubes in the Presence of Hierarchies

...of organizational data. OLAP is often supported by a logical structure known as a data cube, a multidimen- sional data model that offers an intuitive array-based per- spective of the underlying data. Supporting efficient index- ing facilities for multi-dimensional cube queries is an issue of some complexity. In practice, the difficulty of the in- dexing problem is exacerbated by the existence of attribute hierarchies that sub-divide attributes into aggregation layers of varying granularity. In this paper, we present a hierar- chy and caching framework that supports the efficient and transparent manipulation of attribute hierarchies within a parallel ROLAP environment. Experimental results verify that, when compared to the non-hierarchical case, very little overhead is required to handle streams of arbitrary hierar- chical queries. Categories and Subject Descriptors H.2.7.b [Database Management]: Data Warehouse and Repository; H.2.2.a [DatabaseManagement]: AccessMeth- ods General Terms Algorithms Design Performance Keywords Hierarchies, Caching, Data Cubes, Aggregation, Indexing, OLAP, Granularity, Materialization, Parallelization 1. INTRODUCTION Online Analytical Processing (OLAP) has become an im- portant component of contemporary Decision Support Sys- tems (DSS). Central to OLAP is the data cube, a multidi- mensional data model that presents an intuitive cube-like Permission to make digital or hard copies of all or part of this work......

Words: 760 - Pages: 4

Premium Essay

Triple Bottom Line

...Executive Summary This report provides an analysis and evaluation of Triple Bottom Line (TBL) accounting. Many corporations adopt and follow the novel term, along with the public increasing public concern of social and environmental performances. The research pays attention to the arguments for and against the TBL accounting in corporate accounting reporting. Many companies concur with the significance of concept to reinforce their business, yet others hold the view that TBL is accompanied by diverse debates. The findings of this review show that TBL accounting: • Refers to a good tool of the measurement of accountability and transparency • Provides a beneficial opportunity to obtain the value of a corporate name and the market share in completion • Contributes to the reduction of production cost and the conservation of environment through making use of resources efficiently • Improves corporate management and employee productivity due to the measurement of accountability and transparency • Impacts on a core competency of business and a social situation • Adjusts a methodology to measure social and environmental performances TBL accounting with economic, social, environmental activities has been some negative thus far. However, the arguments against TBL accounting, which are related to core competency, poor societies and measure standard, are still doubtful and cannot address a strong persuasive in opposition......

Words: 2530 - Pages: 11

Premium Essay

Africa's Triple Heritage

...for Africa, there are a few conclusions that students can soundly arrive at. As far back as scholars have researched, a range of different cultures have come into contact with Africa including European and Islamic cultures. A lot of the interaction has been forced upon the continent, and has been accompanied by violence, physical and otherwise. However, it is clear that the different cultures of people who have passed through and continue to reside on the continent has had effects, both positive and negative, on various aspects of the continent. Ali Mazrui is a Kenyan academic and political writer whose book The Africans: A Triple Heritage, which is actually a reader supplement to a PBS telecourse, covers this topic. Ali Mazrui’s argument that “modern” African politics, culture, and societies are a product of an Islamic, European, and indigenous African triple heritage is an accurate portrayal of the continent which African people should derive strength from, focusing on the positive aspects of each, in order to reach the transcontinental stability Africa envisions for herself. Chapter four “African Politics” of Understanding Contemporary Africa written by Donald L. Gordon is a valuable source that speaks to the politics of contemporary Africa and how they have been heavily influence by European culture. One of the most basic pieces of evidence of European influence on African politics is the countries contained within the continent which were drawn up by Portugal,......

Words: 1765 - Pages: 8

Premium Essay

The Triple Bottom Line Book Report

...The Triple Bottom Line: How Today’s Best-Run Companies Are Achieving Economic, Social, and Environmental Success— and How You Can Too I chose this book because the title drew my attention since the beginning. When I read the title I understood that in this book the Author’s were going to talk about how big corporations deal with sustainability. That for me was really important, as sustainability is such a hard concept to grasp. I believe that the best way to understand about sustainability is with examples and cases that happen in real life. On this book Andrew Savitz and Karl Weber, put all their vast experience and knowledge in sustainable practices and recollect big cases of the corporate world and study them. Some events are about mistakes the corporations did when they failed to understand the Triple bottom Line in their business decisions. Others are great examples of how companies found the “sustainability sweet spot” (a concept of them) and were able to achieve success not only economical, but also social and environmental. The purpose of the authors is to inform and educate the reader about how a company needs to balances social economical and environmental growth on todays world. The books starts with an important introduction, explaining what it is sustainability or at least they try as like I said before is such a hard concept to calculate. Where I believe they nail their explanation is when they start telling us what a sustainable company is and......

Words: 1494 - Pages: 6

Free Essay

Inductive Triple Graphs

...Inductive Triple Graphs: A purely functional approach to represent RDF Jose Emilio Labra Gayo1 , Johan Jeuring2 , and Jose María Álvarez Rodríguez3 1 University of Oviedo Spain labra@uniovi.es Utrecht University, Open University of the Netherlands The Netherlands j.t.jeuring@uu.nl 3 South East European Research Center Greece jmalvarez@seerc.org 2 Abstract. RDF is one of the cornerstones of the Semantic Web. It can be considered as a knowledge representation common language based on a graph model. In the functional programming community, inductive graphs have been proposed as a purely functional representation of graphs, which makes reasoning and concurrent programming simpler. In this paper, we propose a simplified representation of inductive graphs, called Inductive Triple Graphs, which can be used to represent RDF in a purely functional way. We show how to encode blank nodes using existential variables, and we describe two implementations of our approach in Haskell and Scala. 1 Introduction RDF appears at the basis of the semantic web technologies stack as the common language for knowledge representation and exchange. It is based on a simple graph model where nodes are predominantly resources, identified by URIs, and edges are properties identified by URIs. Although this apparently simple model has some intricacies, such as the use of blank nodes, RDF has been employed in numerous domains and has been part of the successful linked open data movement. The main......

Words: 5524 - Pages: 23

Premium Essay

Triple H

...Case #1: Triple H Film Productions Part 2: MANAGEMENT ISSUES A. i. What is a company? A voluntary association formed and organized to carry on a business. Types of companies include sole proprietorship, partnership, limited liability, corporation, and public limited company. Implication of Limited Liability: Limited Liability Companies, much like corporation, provide protection for their owners. If the organization has debts that it cannot pay, the individual owners will not be held responsible for those debts. If the organization has to file bankruptcy the individual owners are still not personally responsible for any of the liabilities that the organization has. Owners can choose to have profits distributed anyway they would like. This means, whatever percentage of profits they want to give to each member, they have the flexibility to do so. Reduction in paperwork. The tedious meetings and note-taking that are required by corporate entities are not required by an LLC. There are no board meetings or quarterly meetings required. There are no quarterly or semi-annual reports that are necessary for the IRS. There is no double taxation. You do not have to pay taxes on your corporate profits, as well as on profits that pass through to your members. You only pay taxes once, and that is on those profits that are given to individual members  Longevity of the company is based on the life of the members. The company will dissolve if a member goes bankrupt or......

Words: 2208 - Pages: 9

Premium Essay

Triple Constraints of Project Management

...Triple Constraints of Project Management is defined as the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals. The three constraints are: (1) Time/Schedule, (2) Scope/Quality, (3) Cost/Resources. These three important factors are often represented as a triangle. Each constraint forms the vertices with quality added as a central theme. Time, in project management, is analyzed down to its smallest detail. The amount of time required to complete each and every component of a project is analyzed. Once analysis has taken place, those components are broken down even further into the time required to do each task. This allows for the estimate of the duration of the project as well as what and how many/much resources will be need to be dedicated to that particular project. The scope/quality of a project (often called the Scope of Work) is a clear, specific statement as to what has been agreed to be performed/achieved in a particular project. The scope expressly lays out the functions, features, data, content, etc. that will be included in the project at hand. It is also defined as saying that the scope clearly expresses the desired final result of a project. Resources/Cost is element of the Triple Constraints which applies to about what needs to be applied or assigned to the project in terms of money and effort in order to make things happen. This can be resources like manpower/labor, it can be materials needed for the job,......

Words: 396 - Pages: 2

Premium Essay

The World Is Flat "The Triple Convergence"

...------------------------------------------------- Fall 2013 – Mini project “The World Is Flat” November 18, 2013 Part I “The World Is Flat” The Triple Convergence The ten world flatteners mentioned in chapter two of the book “The World is Flat” together shaped a new global platform and embraced a new workflow system. This new platform permitted the world to join forces and interconnect in ways it had never interconnected before. Thanks to this new platform, geography, time, or distance was no longer a barrier for different sides of the world to collaborate. Due to the creation of “complementary software, the internet, and political factors” (Friedman) countries like China, Russia, India and Latin America, opened their borders and led to the fast pace of globalization mentioned by Friedman. Even though these flatteners were created in the 90’s, as they came together, they had to spread, take root, and connect in order to create this flattening. It didn’t just happen overnight. Friedman mentioned in the opening of chapter two talking about his Southwest experience with them giving people the ability to print their own tickets. And then there were multiple companies developing machines that print, fax, scan, email, and make copies. Needless to say these ten factors (flatteners) that were apparently unconnected came together and create a new global platform. This new global platform (web-enabled platform) is a major part of the lives of the people in the...

Words: 3472 - Pages: 14

Premium Essay

Mccumber Cube

...McCumber Cube What is the McCumber Cube? model framework for establishing and evaluating information security (information assurance) programs What are the three dimensions of the McCumber Cube? Desired goals, Information states and security measures What are the desired goals? Confidentiality , integrity and availability. What are the information states? Storage, transmission and processed What are the security measures? Technology, policies, people Define confidentiality as it relates to the McCumber Cube. Prevent the disclosure of sensitive information from unauthorized people, resources, and processes Define integrity as it relates to the McCumber Cube. The protection of system information or processes from intentional or accidental modification Define availability as it relates to the McCumber Cube. The assurance that systems and data are accessible by authorized users when needed Define storage as it relates to the McCumber Cube. Data at rest, information that is stored in memory or on disk Define transmission as it relates to the McCumber Cube. Data in transit, transferring data between information systems Define processing as it relates to the McCumber Cube. performing operations on data in order to achieve a desired objective. Define policies as it relates to the McCumber Cube. administrative controls, such as management directives, that provide a foundation for how information assurance is to be implemented within an organization Define......

Words: 275 - Pages: 2

Free Essay

Marketing the Rubric Cube

...Running Head: Marketing The Rubric’s Cube Marketing The Rubik’s Cube Teresa M. Taylor Principals of Marketing Business 330 Instructor, Garlyn Lewis November 26, 2014 Running Head: Marketing The Rubrik’s Cube Marketing across cultures around the world is increasingly becoming a thriving business with the fast-speed globalization nowadays. The Four ‘Ps’ of marketing, namely product, price, place and promotion, include most of the elements of marketing decision-making. However, socio-cultural factors, in considering the combination of marketing strategies, will always run through them. Socio-cultural factors have a huge influence in people's concept of product and buying behavior. Lack of cultural awareness not only can lead to a decrease of product sales, but can even collapses the company’s whole international image. In this sense, understanding cultural differences plays an incredibly significant role in process of developing marketing strategies.  The partnership should be cohesive and be aligned with one another’s future endeavors and goals. Demographics, psychographics, and data from general areas in a given target market are beneficial information that is useful in developing marketing strategies. It assists with the marketing decisions that are results of the four P’s. When deciding if a company should expand business into a global market, it is important to conduct market research. Global market research gathers and collects data and information and......

Words: 3230 - Pages: 13

Premium Essay

Triple Bottom Line

...Triple Bottom Line Andrea Ciuffoli Brandman University Financial Reporting and Analysis ACCU 602 Charmaine Felder, Ph.D, CPA June 5, 2015 Triple Bottom Line Introduction On October 22nd 2013, Apple unveiled thinner iPads and faster Mac computers ahead of a competitive holiday shopping season (Gupta & Chan, 2013). The invitation to this unveiling event sent to major members of the press was teasing: "We still have a lot to cover." While millions of people were tuned in to watch Apple’s press release in order to learn about the additional features of the new products that Santa could deliver this holiday season, exactly at the same time, about one million of young people were working under awful conditions such as long hours, low wages and abusive and military-style management, in order to assemble with the highest productivity rate these exciting new devices. This is happening every day at the Foxconn plant in China. Foxconn, a Taiwanese company founded in 1974, in the past decade has gone from being one of many invisible firms in the electronics supply chain to the world champion of flexible manufacturing. Foxconn, the trading name of Hon Hai Precision Industry, is the world’s largest electronics contract manufacturer with ‘annual revenue of $131.6 billion in 2013’ ("Foxconn Hon Hai Income Statement," 2015). It is most widely known as Apple’s largest supplier. Figure 1. Foxconn Hon Hai Precision Industry Co. Income Statement Although the company had......

Words: 1927 - Pages: 8

Premium Essay

The Triple Constraint

...The Triple Constraints of Projects: Quality, Cost and Schedule The Triple Constraint The challenge of every project is to make it work and be successful within the Triple Constraint; theTriple Constraint being quality (scope), cost (resources) and schedule (time). These three elements of a project are known to work in tandem with one another. Where one of these elements is restricted or extended, the other two elements will then also need to be either extended/increased in some way or restricted/reduced in some way. There is a balancing of the three elements that only when fully understood by the Project Manager, allows for the successful planning, resourcing and execution of a project. At the end of the day, these are the key elements of a successful project and these are the things that will determine whether or not you have successfully managed a project. More on the Triple Constraint Now, you may ask yourself, what is so important about the Triple Constraint and what does it affect in the scheme of things? Let’s look a little more closely at the three components that make up the Triple Constraint: Scope/Quality The scope of a project (often called the Scope of Work) is a clear, specific statement as to what has been agreed to be preformed/achieved in a particular project. In other words, the scope expressly lays out the functions, features, data, content, etc. that will be included in the project at hand. You could also say that the scope clearly......

Words: 856 - Pages: 4

Premium Essay

Triple Bottom Line

...International Journal of Business, Humanities and Technology Vol. 1 No. 3; November 2011 Sustainability and Triple Bottom Line Reporting – What is it all about? Aimee Jackson College of Business University of Louisiana – Monroe Monroe, LA 71209 USA Katherine Boswell, PhD, CIA Assistant Professor of Accounting College of Business University of Louisiana – Monroe Monroe, LA, 71209 USA Dorothy Davis, DBA, CPA Associate Professor of Accounting College of Business University of Louisiana – Monroe Monroe, LA 71209 USA Abstract Growing demands from stakeholders for more extensive information about the operations and financial standing of businesses is encouraging some companies to including information on sustainability. The recognition that there are finite resources to be utilized by today’s businesses, as well as future generations, is a driving force behind incorporating additional reporting by companies on sustainability factors. This paper attempts to summarize the primary advantages and drawbacks of shifting from a strictly financial reporting philosophy to a sustainability philosophy. Keywords: Sustainability Accounting, Triple Bottom Line Reporting, TBL Introduction With the shift in societal focus toward environmental longevity, b usinesses are encouraged to look at the big picture and see their impact on the world around them. A fundamental philosophy propagated today is how imperative it is that businesses address all values in......

Words: 2794 - Pages: 12