Enron Essay -- essays research papers

In 1984 Ken Lay became chairman and Chief Operator of Houston Natural Gas. It quickly doubled when it bought Florida Pipeline Company. The next year in 1985 Houston Natural Gas merged Internorth Incorporation. With the merger they both combined to own around 40,000 miles of pipeline and shortly after they changed their name to Enron. Around that time Washington was being lobbied by energy corporations to deregulate business and let companies set their own prices. Energy companies said this would not only lead to the end of monopolies but the extra competition would benefit companies and consumers. Over the next several years Washington began to lift controls on who could produce energy and how it was sold. With an influx of new suppliers energy prices were very unstable. With these deregulations Enron was allowed to sell natural gas on an open market such as oranges and wheat. With this new way of business Enron was able to grow into the seventh largest company in the United States with over 25,000 employees in over thirty countries. It became an innovator in gas trading and technological advances in the energy field. In 1990 Enron hired Jeffery Skilling as the company Energy’s Trading Operation Consultant. At age thirty-six Skilling was able to create the â€Å"Gas Bank†. The â€Å"Gas Bank â€Å"is when a company buys large volumes of gas from producers and resells it to industrial customers at long term contracts. This helped stabilize the gas market which was very volatile at the time. It also helped expand gas production nationwide and helped Enron grow to a major player in the energy industry.   Ã‚  Ã‚  Ã‚  Ã‚   As Skilling went up in rank he started to get the company involved in risky investments to make more profit. In an interview with the University of Virginia he said â€Å"We like risk because you make money by taking risk,† This was one of the many reasons which got Enron into financial debt, Skilling also persuaded regulators to allow Enron to use â€Å"market-to-market† accounting. A technique used by brokerage companies for securities trading. It allowed Enron to count long-term contracts as immediate profit although most of the money wouldn’t be coming in for several years. For example if a pipeline in Europe was projected to produce $89 million of profit it would be posted, but there was one problem the pipeline hadn’t been built yet. With the high t... ...ion in profit when they only produced $880 million. They were in true debt for more than $628 million by the end 2000. More than $630 million came from improper accounting and another $296 million in profit came from hidden tax cutting transactions. This sent the stock plummeting from $70 to 60 cents and produced losses of more than $60 billion on paper. With this fall in stock price, Enron filed for bankruptcy on December 2, 2001. Since the fall of Enron and other major corporations, Senate and Congress are now trying to configure a major reform bill which would protect workers and their pensions. President Bush also signed off on a new accounting-reform legislature which creates an oversight board that would investigate and punish accounting violations. Now the last step by the government is putting everyone involved behind bars. Skilling is set to testify before a house committee and has chosen not to invoke the Fifth Amendment as many of the other board members have chosen to do. Fastow has to also testify before congress but will plead the fifth to avoid self incrimination. Kropper, Enron’s director of global market pleaded guilty last weak to the demise of the company.

Julius Caesar

Then fall, Caesar! † These last words of Caesar show the heartbreak and betrayal that he felt inside. The relationship between Brutes and Caesar is bitterly ironic in such a way that the audience can feel the characters emotions. However, it Is somewhat difficult to choose whether you can Justify the actions of the conspirators, or if you fall into the sorrow and anger that is inside those who loved and supported Caesar. Going back to Career's last words, â€Å"Et TU Brute?Then fall, Caesar! † you can start to put an image In your head. Imagine that you were randomly Ewing stabbed by the people you thought liked you so much that they actually wanted to king you. Not only were you stabbed once, but a painful 33 times. And to really put the cherry on top, the last person to stab you was supposedly one of your closest friends. Torturous much? It doesn't stop yet. You dedicate your last words of the feelings of defeat and utter betrayal to your close friend.It almost seems a s If Caesar was reaching out to the morality of Brutes, Caesar desperately wanted Brutes to know that he was important to him, and that there is almost nothing else that loud have pained him so much than to be stabbed lastly by someone that he thought was so close. Once again, bringing it back to Caesar last words, â€Å"Et TU. Brute? † is just the English what the translator decided to write. Different translations say something like, muff too, young man? Or â€Å"You too, my son? † A popular belief is that Brutes is actually Caesar illegitimate son, as some say there is historical proof that Brutes' mother and Caesar once intimately loved each other. For this to happen Caesar would have to be only 15 when Brutes was born, so it is found unlikely by any. Whether or not Brutes and Caesar were kin by blood, it is still known that they had an in depth relationship with each other. After Career's death, there are oodles of complications.After Antonym had given his speech, the crowd rioted and burned down the houses of the conspirators. Antonym, Octavia, and Lipid's had taken charge of Rome. Both Antonym and Octavia agreed to have Lipid's to be the third person in power because of his willingness to agree with what he's told. Such an act reveals the characters of Antonym and Octavia as loaches and avaricious. Before a war has started, Brutes encounters the ghost of Caesar. Some believe that the ghost was lust a dream, but if this were so, then it shows how Brutes really feels towards Caesar.Caesar was once his close friend, and even though he believed he was participating in the assassination for a cause, he seems to question his motives when he feels convicted by the ghost. War has begun between Antonym and Octavia against Brutes and Cassias. The armless set out, and Antonym army beats Cassias' army, but Brutes' army beats Activation's army. Cassias then sends out Taluses, of his friends, to Investigate. Cassias thought that Taluses was captured, an d out of his own guilt and cowardliness to see what was going on for himself, his friend would pay the price.Cassias committed suicide, even though Taluses wasn't actually captured. Once again, the armies fight. Brutes loses the war this time, and before he is captured and paraded around the streets of his enemy in shame, he decides to commit an honorary suicide by running onto a sword while having one of his soldiers holds it. Ablest Roman of them all: [All the conspirators, save only he, [Did that they did in new of great Caesar; [He only, in a general-honest thought [And common good to all, made one of them. His life was gentle; and the elements [So mixed in him that Nature might stand up [And say to all the world, â€Å"This was a man! † Even Antonym, the enemy of Brutes, calls him noble, in which he realizes that Brutes was not in the same reasoning as Cassias. Brutes actually cared about Rome, and even though his viewpoints did not match up with Antonym's, he still was genuine. Throughout the text it is plain to see that Brutes is open minded, but he makes mistakes.Brutes is human, and relatable. Through his moral, the reader can forgive Brutes' bluntness. In my opinion, Brutes is the one that most people tend to favor because of his realistic and thoughtful character. Viewing the conspirators and how they Justified their decision in killing Caesar is somewhat of a confusing manner. Brutes feels like he's in the right place, he says he loves Caesar well, so this kind of shows Brutes sacrificing is friend for the good of Rome.Cassias, on the other hand, went on with the murder for purely out of the negativity he feels towards Caesar, rather than doing it for the benefit of Rome. So when choosing a side between the people for and against Caesar, you cannot exactly pick the conspirators as a whole. Instead, one could break it down into three main sides: The people in favor of Caesar, such as Antonym and Octavo's, the positive conspirators, such as Br utes, and lastly the negative conspirators, such as Cassias. Julius Caesar Then fall, Caesar! † These last words of Caesar show the heartbreak and betrayal that he felt inside. The relationship between Brutes and Caesar is bitterly ironic in such a way that the audience can feel the characters emotions. However, it Is somewhat difficult to choose whether you can Justify the actions of the conspirators, or if you fall into the sorrow and anger that is inside those who loved and supported Caesar. Going back to Career's last words, â€Å"Et TU Brute?Then fall, Caesar! † you can start to put an image In your head. Imagine that you were randomly Ewing stabbed by the people you thought liked you so much that they actually wanted to king you. Not only were you stabbed once, but a painful 33 times. And to really put the cherry on top, the last person to stab you was supposedly one of your closest friends. Torturous much? It doesn't stop yet. You dedicate your last words of the feelings of defeat and utter betrayal to your close friend.It almost seems a s If Caesar was reaching out to the morality of Brutes, Caesar desperately wanted Brutes to know that he was important to him, and that there is almost nothing else that loud have pained him so much than to be stabbed lastly by someone that he thought was so close. Once again, bringing it back to Caesar last words, â€Å"Et TU. Brute? † is just the English what the translator decided to write. Different translations say something like, muff too, young man? Or â€Å"You too, my son? † A popular belief is that Brutes is actually Caesar illegitimate son, as some say there is historical proof that Brutes' mother and Caesar once intimately loved each other. For this to happen Caesar would have to be only 15 when Brutes was born, so it is found unlikely by any. Whether or not Brutes and Caesar were kin by blood, it is still known that they had an in depth relationship with each other. After Career's death, there are oodles of complications.After Antonym had given his speech, the crowd rioted and burned down the houses of the conspirators. Antonym, Octavia, and Lipid's had taken charge of Rome. Both Antonym and Octavia agreed to have Lipid's to be the third person in power because of his willingness to agree with what he's told. Such an act reveals the characters of Antonym and Octavia as loaches and avaricious. Before a war has started, Brutes encounters the ghost of Caesar. Some believe that the ghost was lust a dream, but if this were so, then it shows how Brutes really feels towards Caesar.Caesar was once his close friend, and even though he believed he was participating in the assassination for a cause, he seems to question his motives when he feels convicted by the ghost. War has begun between Antonym and Octavia against Brutes and Cassias. The armless set out, and Antonym army beats Cassias' army, but Brutes' army beats Activation's army. Cassias then sends out Taluses, of his friends, to Investigate. Cassias thought that Taluses was captured, an d out of his own guilt and cowardliness to see what was going on for himself, his friend would pay the price.Cassias committed suicide, even though Taluses wasn't actually captured. Once again, the armies fight. Brutes loses the war this time, and before he is captured and paraded around the streets of his enemy in shame, he decides to commit an honorary suicide by running onto a sword while having one of his soldiers holds it. Ablest Roman of them all: [All the conspirators, save only he, [Did that they did in new of great Caesar; [He only, in a general-honest thought [And common good to all, made one of them. His life was gentle; and the elements [So mixed in him that Nature might stand up [And say to all the world, â€Å"This was a man! † Even Antonym, the enemy of Brutes, calls him noble, in which he realizes that Brutes was not in the same reasoning as Cassias. Brutes actually cared about Rome, and even though his viewpoints did not match up with Antonym's, he still was genuine. Throughout the text it is plain to see that Brutes is open minded, but he makes mistakes.Brutes is human, and relatable. Through his moral, the reader can forgive Brutes' bluntness. In my opinion, Brutes is the one that most people tend to favor because of his realistic and thoughtful character. Viewing the conspirators and how they Justified their decision in killing Caesar is somewhat of a confusing manner. Brutes feels like he's in the right place, he says he loves Caesar well, so this kind of shows Brutes sacrificing is friend for the good of Rome.Cassias, on the other hand, went on with the murder for purely out of the negativity he feels towards Caesar, rather than doing it for the benefit of Rome. So when choosing a side between the people for and against Caesar, you cannot exactly pick the conspirators as a whole. Instead, one could break it down into three main sides: The people in favor of Caesar, such as Antonym and Octavo's, the positive conspirators, such as Br utes, and lastly the negative conspirators, such as Cassias. Julius Caesar Then fall, Caesar! † These last words of Caesar show the heartbreak and betrayal that he felt inside. The relationship between Brutes and Caesar is bitterly ironic in such a way that the audience can feel the characters emotions. However, it Is somewhat difficult to choose whether you can Justify the actions of the conspirators, or if you fall into the sorrow and anger that is inside those who loved and supported Caesar. Going back to Career's last words, â€Å"Et TU Brute?Then fall, Caesar! † you can start to put an image In your head. Imagine that you were randomly Ewing stabbed by the people you thought liked you so much that they actually wanted to king you. Not only were you stabbed once, but a painful 33 times. And to really put the cherry on top, the last person to stab you was supposedly one of your closest friends. Torturous much? It doesn't stop yet. You dedicate your last words of the feelings of defeat and utter betrayal to your close friend.It almost seems a s If Caesar was reaching out to the morality of Brutes, Caesar desperately wanted Brutes to know that he was important to him, and that there is almost nothing else that loud have pained him so much than to be stabbed lastly by someone that he thought was so close. Once again, bringing it back to Caesar last words, â€Å"Et TU. Brute? † is just the English what the translator decided to write. Different translations say something like, muff too, young man? Or â€Å"You too, my son? † A popular belief is that Brutes is actually Caesar illegitimate son, as some say there is historical proof that Brutes' mother and Caesar once intimately loved each other. For this to happen Caesar would have to be only 15 when Brutes was born, so it is found unlikely by any. Whether or not Brutes and Caesar were kin by blood, it is still known that they had an in depth relationship with each other. After Career's death, there are oodles of complications.After Antonym had given his speech, the crowd rioted and burned down the houses of the conspirators. Antonym, Octavia, and Lipid's had taken charge of Rome. Both Antonym and Octavia agreed to have Lipid's to be the third person in power because of his willingness to agree with what he's told. Such an act reveals the characters of Antonym and Octavia as loaches and avaricious. Before a war has started, Brutes encounters the ghost of Caesar. Some believe that the ghost was lust a dream, but if this were so, then it shows how Brutes really feels towards Caesar.Caesar was once his close friend, and even though he believed he was participating in the assassination for a cause, he seems to question his motives when he feels convicted by the ghost. War has begun between Antonym and Octavia against Brutes and Cassias. The armless set out, and Antonym army beats Cassias' army, but Brutes' army beats Activation's army. Cassias then sends out Taluses, of his friends, to Investigate. Cassias thought that Taluses was captured, an d out of his own guilt and cowardliness to see what was going on for himself, his friend would pay the price.Cassias committed suicide, even though Taluses wasn't actually captured. Once again, the armies fight. Brutes loses the war this time, and before he is captured and paraded around the streets of his enemy in shame, he decides to commit an honorary suicide by running onto a sword while having one of his soldiers holds it. Ablest Roman of them all: [All the conspirators, save only he, [Did that they did in new of great Caesar; [He only, in a general-honest thought [And common good to all, made one of them. His life was gentle; and the elements [So mixed in him that Nature might stand up [And say to all the world, â€Å"This was a man! † Even Antonym, the enemy of Brutes, calls him noble, in which he realizes that Brutes was not in the same reasoning as Cassias. Brutes actually cared about Rome, and even though his viewpoints did not match up with Antonym's, he still was genuine. Throughout the text it is plain to see that Brutes is open minded, but he makes mistakes.Brutes is human, and relatable. Through his moral, the reader can forgive Brutes' bluntness. In my opinion, Brutes is the one that most people tend to favor because of his realistic and thoughtful character. Viewing the conspirators and how they Justified their decision in killing Caesar is somewhat of a confusing manner. Brutes feels like he's in the right place, he says he loves Caesar well, so this kind of shows Brutes sacrificing is friend for the good of Rome.Cassias, on the other hand, went on with the murder for purely out of the negativity he feels towards Caesar, rather than doing it for the benefit of Rome. So when choosing a side between the people for and against Caesar, you cannot exactly pick the conspirators as a whole. Instead, one could break it down into three main sides: The people in favor of Caesar, such as Antonym and Octavo's, the positive conspirators, such as Br utes, and lastly the negative conspirators, such as Cassias.

Foreign Direct Investment Inflow In Pakistan - Free Essay Example

Sample details Pages: 17 Words: 5033 Downloads: 5 Date added: 2017/06/26 Category Statistics Essay Did you like this example? CHAPTER 1 Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to your country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before (Larkins and Dan, 1998). Don’t waste time! Our writers will create an original "Foreign Direct Investment Inflow In Pakistan" essay for you Create order Foreign direct investment can affect the countrys economy in different ways. It can affect the GDP rate, exchange rates and government policies in different ways; the effects of foreign direct investment at GDP are very significant. In many countries it constitutes at higher percentages of GDP rates. When foreign investment comes to the country it means that the business activity flourishes in the economy. There will be more production taken place and more goods and services produced by whether incorporated or unincorporated companies, or individual firm or it can be group related to enterprises but in any case there will be more provision of goods as heavy investments are taking places in form of foreign direct investment. GDP is actually refers to the production of more goods in compare to the last year results so a countrys GDP will surely increases by foreign direct investment. Total output of the economy will be increased which increases the GDP level (Hoshi, Takeo, Anil, and Da vid, 1991). 1.2 Problem Statement To identify the relationship between interbank exchange rate, real GDP and Dummy variable with foreign direct investment inflow in Pakistan. 1.3 Research Hypothesis: H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. 1.4 Outline of the study Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. There will be more job opportunities as in developing countries like Pakistan unemployment is a basic problem too which will be solved by the inflow of foreign direct investment. There will be not be only the employment of people but all factors will be employed if foreign investment will come. Many countries like China, Singapore, South Korea and Malaysia are depending on this foreign direct investment and are moving towards the development quickly. Factor employments will create income generation and through the multiplier effects the round of spending will make the economy proper and developed. There are many nations who are poor and they cannot carry out some of the plans needed in their country like extracting of some natural resources which is very expensive and needs heavy machinery. Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. 1.5 Definitions Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). CHAPTER 2 LITERATURE REVIEW Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment also comprises of multinationals which open there operating branches in your countries and perform their business operations like production of goods and services so in USA inflow from multinationals also helps in creating trading activities like surpluses can be exports to outside countries to earn good amounts of foreign exchange which will appreciate your currency. Foreign direct investment resulted in 30% of the jobs in the manufacturing sectors. Inward FDI also led to the capital flow in USA which means higher productivity and living standards (Jaffee, Dwight, and Thomas, 1996). India is the second largest destination of FDI after China. It is been stated by the surveys of UNCTAD that India has been facing massive growth through Transaction Corporation. The areas which has been strengthen through the inflow of foreign direct investments are, telecommunication, information technology and other major areas like chemicals, apparels, auto components, jewelry and pharmaceuticals. There are high investments from Mauritius mainly due to the routing international funds through the country giving significant capital gain tax advantages; as tax will be treated between India and Mauritius so double taxation will be avoided. On the other hand Mauritius is capital gain tax heaven so there will be zero tax in FDI channel (Hoshi, Takeo, Anil, and David, 1991). FDI inflows into India reached a record $19.5 billion in fiscal year 2006-07 (Aprilà ¢Ã¢â€š ¬Ã¢â‚¬Å"March), according to the governments Secretariat for Industrial Assistance. This was double of US $7.8bn in the previous year. In 2008 FDI was more than $35bn. Government of India has created many incentives for the investors. The areas which need more relaxations were civil aviation, construction development, industrial parks, petroleum and natural gas, commodity exchanges, credit-information services and mining. Due to the foreign direct investment the economy of India is getting prosperous, economic growth is coming into effect. The potential to be an economic superpower is going to depend on how the government can create incentives for FDI flow across a large number of sectors in India. FDI is also hitting the country of Morocco with its affects. It is ranked among 4rth in foreign direct investment ranking, according to the United Nations Conference on Trade and Development. Other 72 projects were also been approved in 2008 as statistics have shown. FDI increases the job opportunities to 40,023 which were direct and stable. Morocco is making many steps in making it clear destination for foreign direct investment which is really good for its economy and its people overall. Though there was a decline in foreign investment of 29% in 2008 due to the economic downturn but after then it will raised up to the level where it gets god image. The major investors of Morocco are European Union with France (1.86bln), Spain (783mln). Arab countries also invest in Morocco. In terms of sectors, tourism has the biggest share of investment with $1.55bln, which is 33% of the total FDI, followed by the real estate sector and the industrial sector, with respectively $930mln and $374mln (Harris and Ravenscraft, 2008). The best thing which is hit by foreign direct investment is the opportunity for the citizen of host country that is of employment and skills development. Through investment by companies of abroad business activity taken place in the country, more goods will be demanded so there will be more need of factors of production so that the demand will be meeting up. For this purpose more people will be employed by those companies and in return people enjoy good wages and higher living standards. Secondly to make the product internationally acceptable and of great quality many training programs are also been conducted which enhance the skills of the employees and their efficiency level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant. Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training. FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative adv antages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase. If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit (Harris and Ravenscraft, 2008). Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does not generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Froot and Stein, 1991). Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industrializes encourage foreign direct investment (Campa and Goldberg, 1995). It affects the economic growth by stimulating domestic investment, increasing human capital formation and by facilitating the technology transfer in the host countries. Foreign Direct Investment (FDI) has emerged as the most important source of external. Apart from exchange rates and GDP level inflow of foreign direct investment also effects your democratic government; like how they reshape their policies and incentives. Like if you investors are investing in your country they also will need some of the free hands incentives which will more attract them to invest. For this purpose the government of host country will be reshaping their policies somehow like low corporate and income tax rates, tax holidays will be given to them, special economic zones will be created, export processing zone will be come into existence, financial subsidies, infrastructure subsidies, RD supports and many other things to relax them so that they will invest more (Rodriguez, 1998). Besides all these foreign direct investment will be having great impact on GDP level. Local output will increase as more production of gods will be taken place. More production means that your country is having more number of commodities ever than before so real output is increasing means GDP level. Increase in GDP will surely have good effects on your economy. Economic growth will come into effect. More employment will be there and factor payments will lead to the multiplier effects which means more and more income generation and economy will reaches to its equilibrium level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training (Huang and Walkling, 1997). FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative advantages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase (Itagaki, 2000). If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit. Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does nohat generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Craine, 1999). Economic growth may mean that we are using are scarce resources swiftly so that they can depleted. Oil, coal, metals other natural resources are in limited supply and can be run out if we use them so quickly. If they do run out then there can be no more capital goods, food supplies may diminish and the population of world may suffer but this can be control through conservation process. Conservation means that you saved up some amount of scarce resources for our future generation rather than consuming it all at once for present people so by it we can save for the upcoming people of the country (Klein and Rosengren, 1994). Foreign direct investment if comes in the country so that will be definitely mean that more and more factories will be opening in the host country or if it comes for the existing factories like extracting of some natural resources etc so that means expansion of those factories. More and more factories and business sites means that there is though more land is available to produce more goods and services but less for other activities like recreational activities or parks etc. these can also destroy the plants and animals. The solution to this problem is that government should restrict the areas where these factories can be located and only allow there to operate. Those areas should be keeping away from residential locations so that normal citizens should not get affected. Factories should be more on barren land and regions so that fertile lands and animals would not get affected too. Growth also comes with many benefits so government cannot stop it. The best thing in this situation go vernment tries to do is to achieve sustainable growth. Sustainable growth means that along with the foreign investment, which is coming into the country government should try to minimize the harmful effects and should maximize the benefits so that resources and further things can be secured for the upcoming generations too (Hartman, 1992). There are also some of the negative aspects of foreign direct investment. There are some issues which are related like operation, distribution of the profits made on the investment and the personnel.economic backward section is always get effected of the host country when foreign direct investment is negatively affected. It is the responsibility of the host country to limit the effect of the foreign direct investment. They should make sure that countries which are making foreign direct investments should abide all the laws relating to environmental, governance and social regulations that are laid down country. However there can be some negative effects of economic growth too, means higher and higher GDP can affect your economy and people in it in a different manner too. There can be an opportunity cost of growth; economic growth may achieved by producing more capital goods but at the expense of less consumer goods like television, fashionable clothes etc but this can be in short run as in long run people will be enjoying more and more consumer goods and higher living standards due to the sustainable growth which has been achieved (Baldwin and Krugman, 1999). CHAPTER 3 RESEARCH METHOD This chapter explains the methodology used for this research study. This study focused on finding the factors affecting inflows of foreign direct investment in Pakistan. A method is a tool that can help solve problem and research new knowledge. This chapter also gives the methods to evaluate validity and reliability of the research for the factors associated with direct investment in Pakistan. 3.1. Data used: This research was carried out through Secondary Data. 3.2. Method of data collection: Data of Foreign Direct Investment and Real GDP is collected through State Bank of Pakistan, website and from Economic Survey of Pakistan and Data for Interbank exchange rate was collected through different websites like www.Oanda.com and www.indexmundi.com. 3.3. Sample size: Sample data of last 39 years is to be taken. Data has been taken from the year 3.4. Statistical tool used: In order to measure the relationship between the To Identify the relationship between Interbank Exchange Rate, Real GDP, and Dummy variable with Foreign Direct Investment Inflow in Pakistan. Regression is used as a statistical tool in this research. SPSS software is used to evaluate the relationship between the variables. CHAPTER 4 RESULTS 4.1. H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.1.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable set will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.1.2 From the above table the beta value of the exchange rate is -4011.980 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.1.3 For resolving the issues of autocorrelation and multi co-linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.1.4 From the above table the beta value of the exchange rate is -0.31 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.2. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.2.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.2.2 From the above table the beta value of the real GDP is 4243.439 means that there is a positive relationship exists among the real GDP and the FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.2.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.2.4 From the above table the beta value of the real GDP is -.438 means that there is a negative relationship exists among the real GDP and FDI therefore hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.3. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.3.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.3.2 From the above table the beta value of the dummy variable/democratic government is -17128.3 means that there is a negative relationship exists among the dummy variable/democratic government and FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.3.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.3.4 From the above table the beta value of the dummy variable/democratic government is -.107 means that there is a negative relationship exists among the dummy variable/exchange rate and FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. CHAPTER 5 DISCUSSION,CONCLUSION, IMPLICATIONS, AND FUTURE RESEARCH 5.1 Conclusion: There were number of positive and negative effects of this foreign direct investment. The positive effects of foreign direct investment are; the investment means that foreign currency is coming into Pakistan. Whenever any company may be multinational invested in this country in terms of direct investment it means that they invested their currency into the country. It increased the foreign exchange reserves which are good for host country as they can be used in payments of debts or any kind of imports etc. Secondly more goods and services have produced and which can be exported to outside countries; so more foreign exchange can be earns through it. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industria lizes encourage foreign direct investment. Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before. New technologies in shape of new capital equipments and software which can make factories totally automated will lower all the average costs and make it more efficient that it ever can be. Besides all of these sometimes local firms can also be squeeze out of the market due to the inferior equipment and much smaller resources than the large giants with foreign investments. This is the work of government that how they reshape their policies to bring in foreign direct investment into your favor and not letting down the overall economic conditions. Profits which may earn here can also be sent back to the base country rather than kept for the re investment in the host nations. Some multinationals also impose their cultures in the people of the host country. To avoid all this state should interfere with all the consumer protection laws, unfair competition, laws for employee protection, environment protection and also of location of industry. 5.2 Discussion and implication: Apart from these things when foreign investment comes into the country so then means that new opportunities could be created for many other firms too like they supply components and other things to the companies who are operating over here and has invested which will generate more employment and income for the citizens. Local firms can also be motivated to bring their quality up to the international standards as if they are supplying components to the multinationals. This thing will improve their productivity and it is good for the country so foreign direct investment is very beneficial. Foreign direct investment will bring in investments and hot inflow of money and capital along with the tax revenues for the government even after some exemptions. Companies or individuals who operate in your country after investment will pay some taxes to the government too. Government can re invest those revenues in other sectors for the welfare of the general public like in health or education sectors etc. 5.3 Future research: For future research, there are many advantages of high GDP rate like people can have more goods and services to consume; it will raise their living standards, secondly excess goods can be exported to outside countries so that foreign exchange can be earn through it. Higher GDP will give good image to the country in terms of many things; more and more foreign investors will come with their investments. People will be earning more so they can afford more other goods to purchase and secondly more incomes means more taxation for the government which it can spend on many other projects like schooling, health, defense, crime control etc. growth should result in improved standards of living in the country and higher profitability for the business.

Essay on Exam 1 Study Guide COMPLETE - 2069 Words

GEA 2000 Spring 2015 Exam # 1 Review Questions* Introduction chapter, Globalization (PPT), â€Å"Guns, Germs, and Steel† (video). 1. What is geography? 2. Which of the following statements best defines environmental determinism? 3. Which of the following statements best defines possibilism? 4. Which of the following statements illustrates environmental determinism? 5. Which of the following statements illustrates possibilism? 6. Which of the following examples best defines the role of the environment in culture? 7. According to the definition used by geographers, a region is: 8. Which of the following is not a major characteristic of a region as defined by geographers? 9. Alfred Wegeners supercontinent is known as: 10.†¦show more content†¦11. _______________ is considered a pull factor in migration. 12. The two leading language groups in Canada are: 13. The Great Lakes main outlet to the sea is the: 14. A continental climate is most likely to be found in: 15. 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Good Leadership Characteristics Of Good Presidents

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Project Development and Control Free Essays

string(324) " using a common methodological approach Most conflicts are spotted and resolved early Expected deliverables are produced and handed over Lessons are learned and solutions are quickly implemented Here’s a simplified example of how a project methodology can be presented in the management hierarchical structure: Picture 2\." 1. Be able to identify the Components of project stage and lifecycle 1.1. We will write a custom essay sample on Project Development and Control or any similar topic only for you Order Now Main processes in the lifecycle of the project: Initiation –starting up the project; defining its purpose and scope; justification for initiating it and the solution to be implemented. Planning –defining organisational structure of the project; appointing the project team; defining the activities and mutual relationships, risks and criteria for a successful implementation of these actions; identifying stakeholders. Execution –the most important phase from the aspect of project results; execution and coordination of activities defined in the planning phase. Control –very often combined with the execution phase (2 most important phases); detecting mistakes incurred during implementation; suggesting corrective actions. Closing –analysis of the results; final project statements; identifying level of project success and noting down any lessons learned for future projects. Picture 1. General Project Model 1.2. Processes in the lifecycle in the project â€Å"Revitalization of the Grand Backa Canal†: Phase 1 – The territory of the Municipality Vrbas faces a big problem because â€Å"The Grand Backa Canal†, which runs through the municipality, is extremely polluted from the wastewater discharged into the canal nearby factories. Also, the canal is no longer navigable. Heavily polluted by unprocessed industrial and communal wastewaters, the canal today is a lifeless stream of poisons, including heavy metals. Due to contamination of the canal the whole environment, especially in a place where canal runs through the municipality of Vrbas is destroyed. Revitalisation of the canal is essential for Vrbas municipality and the whole environment. The solution for this problem is to  stop further pollution and to clean up and revitalize the canal and the area around it. Management of the Vrbas municipality organized a meeting with the topic – the contamination of the canal. They noted the disastrous situation and agreed to start a project for revitalization of the Grand Backa canal. Phase 2 – The project manager is appointed. He formed a project team and organized a meeting to discuss the issues of this project. The project manager and his team defined the project objectives. Objectives of the project are contained in the following activities: Activity 1 – to build a plant in the factories to treat wastewater before it is discharged into the canal; Activity 2 – to purify the canal from sludge; Activity 3 – to provide sports and recreational facilities in addition to the Grand Backa canal. It was decided which software will be used to define activities, their duration, resources and costs of the project. Gantt chart will present activities, their duration and interdependence. The project duration is determined. The plan of periodical reporting on the project and monitoring of the project implementation is defined, and the stakeholders are identified in the meeting. Phase 3 – in the implementation phase all activities that are planned in the phase 2 are carried out. All resources needed for the execution of the project are recruited. The processes of monitoring and control are also part of this phase in order to prevent delays in the implementation of the activities. The project manager is periodically checking whether the project goes according to a predefined plan, by using the software and through the meetings with his team. Close monitoring of each activity during implementation is important factor in this phase which helps to minimize a potential risks in delays of particular activities. Phase 4 – in the closing phase of the project level of project success will be identified. On the basis of final reports, results achieved will be compared with the planned results. 1.3. Projects and operational management: Operations are an organisational function performing the on-going execution  of activities that produce the same product or provide a repetitive service. Examples include: production operations, manufacturing operations, and accounting operations. Though temporary in nature, projects can help achieve the organisational goals when they are aligned with the organisation ´s strategy. Organisations sometimes change their operations, products or systems by creating strategic business initiatives. Projects require project management while operations require business process management or operations management. Projects can intersect with operations at various points during the product life cycle, such as: At each closeout phase; When developing a new product, upgrading a product or expanding outputs; Improvement of operations or the product development process; or Until the divestment of the operations at the end of the product life cycle. At each point, deliverables and knowledge are transferred between the project and operations for implementation of the delivered work. This occurs through a transfer of project resources to operations toward the end of the project, or through a transfer of operational resources to the project at the start. Operations are permanent endeavours that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle. Unlike the on-going nature of operations, projects are temporary endeavours. 2. Be able to describe project methodologies and their application 2.1. The project methodology Project Management Methodology is a strictly defined combination of logically related practices, methods and processes that determine how best to plan, develop, control and deliver a project throughout the continuous implementation process until successful completion and termination. It is a scientifically-proven, systematic and disciplined approach to project design, execution and completion. The purpose of project methodology is to allow for controlling the entire management process through effective  decision making and problem solving, while ensuring the success of specific processes, approaches, techniques, methods and technologies. Typically, a methodology provides a skeleton for describing every step in depth, so that a project manager will know what to do in order to deliver and implement the work according to the schedule, budget and client specification. Referring to the mentioned definition, an appropriately chosen project management methodology paves the way for gaining the following achievements: The needs of stakeholders are defined A common â€Å"language† is established and understood by the team, so they know what’s expected of them Cost estimates are complete, accurate and credible Every task is done using a common methodological approach Most conflicts are spotted and resolved early Expected deliverables are produced and handed over Lessons are learned and solutions are quickly implemented Here’s a simplified example of how a project methodology can be presented in the management hierarchical structure: Picture 2. PM framework In the Picture 2. can be seen that PM Framework precedes Methodology which in turn precedes Lifecycle Stages and determines the project management Processes, Tasks and Activities. 2.2. Project scope, project duration, objectives, stakeholder and possible restrictions on the project â€Å"Revitalisation of the Grand Backa Canal†: Project scope Grand Backa Canal which runs through the municipality of Vrbas is an example of the worst environmental hot spot and one of the most polluted water streams in Europe thus, the direct environmental benefit of its revitalisation is quite obvious. More important is the fact that the Grand Backa Canal represents a serious health risk for the local people that also has significant adverse social as well as economic impacts on further development of the region. Environmental and human health hazard existing in Vrbas is not acceptable and it demands urgent action. The intention of this project is to find a solution for cleaning up and revitalisation of the  heavily polluted Grand Backa Canal. Before the clean-up can start, the imperative is to stop further pollution to ensure the sustainability of the entire project. Project duration 16 months i.e. 01 December 2011 – 01 April 2013. Project objectives The project team defined the following project objectives: 1. Building a plant in the factories that treated wastewater before it is discharged into the Canal; 2. Purifying the Canal from sludge; 3. Providing sports and recreational facilities in addition to the Grand Backa Canal. At all three objectives, the activities are defined which will contribute to realisation of goals and projects. Stakeholders Many stakeholders are involved and have a vested interest in the project â€Å"Revitalisation of the Grand Backa Canal†. The key stakeholders are: Management of the municipality of Vrbas, Project manager and project team, Managers of factories that discharge waste water, Public-utility company Water of Vojvodina, Locals and the Community. Possible restrictions on the project Possible restrictions are closely associated with the deadlines and the issues that may arise in the course of implementation of the project. If the deadlines are not met it will cause delays in the implementation of the activities, the expenses will be increased and therefor the realisation will deviate from the plan. The time dimension is one of the most important elements during the realisation of the project. 2.3. Fundamentals of businesses to support a project. The basic elements for successful implementation of a project are: Goals must be clearly defined. Each project has its goal that should be achieved. A clearly defined project goal will help to determine necessary activities for its successful realisation. Deadlines are important elements that should help the project activities to be implemented within a timeframe. Good planning is the basis for successful project implementation. The basic elements of the project: time, costs and resources, must be carefully planned in order to achieve project objectives. Resources necessary for project realization are mainly: people, finances, equipment, all kinds of materials etc. Without adequate resources it is not possible to accomplish the project in its scope or planned time, therefor it is important to use the resources optimally for the successful completion of the project tasks. Organisational structure is an important element for project implementation because it determines responsibility, authorization and position of the project manager. Software tools can help project management to be much more efficient and effective. Information control systems have a basic task to collect data and monitor project implementation. 3. Be able to implement and evaluate the personal development plan 3.1. Project plan One of the critical factors for project success is having a well-developed project plan. It provides a roadmap for project managers to follow and it is the project manager ´s premier communications and control tool throughout the project. The project plan can be defined as a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summarized or detailed. Components of the project plan include: Baselines. Baselines are sometimes called performance measures, because the performance of the entire project is measured against them. They are the project’s three approved starting points and include the scope, schedule, and cost baselines. These provide the ‘stakes in the ground.’ That is, they are used to determine whether or not the project is on track, during the execution of the project. Baseline management plans. These plans include documentation on how variances to the baselines will be handled throughout the project. Each project baseline will need to be reviewed and managed. A result of this process may include the need to do additional planning, with the possibility that the baseline(s) will change. Project management plans document what the project team will do when variances to the baselines occur, including what process will be followed, who will be notified, how  the changes will be funded, etc. Other work products from the planning process. These include a risk management plan, a quality plan, a procurement plan, a staffing plan, and a communications plan. 3.2. Potential risks to the project of revitalisation of the Grand Backa Canal. Ways to reduce or eliminate risks: All projects share a range of features which inevitably introduce uncertainty. Factors found in all projects which make them inherently risky include: uniqueness, complexity, assumptions and constraints, people, stakeholders, change. These risky characteristics are built into the nature of all projects and cannot be removed without changing the project. It is undoubtedly true that projects are risky as a result of their common characteristics, by deliberate design, and because of the external environment within which they are undertaken. It is impossible to imagine a project without risk. Of course some projects will be high-risk, while others have less risk, but all projects are by definition risky to some extent. The important thing is not to keep risk out of project, but to ensure that the inevitable risk associated with every project is at a level which is acceptable to the sponsoring organisation, and is effectively managed. This of course is why risk management is such an important part of effective project management: since all projects are exposed to risk, successful projects are the ones where that risk is properly managed. Potential risks to the project of revitalisation of the Grand Backa Canal: Failure in implementation of project tasks which can cause delays in the implementation of the main three activities of the project. Mitigation:application of Gantt chart which will present activities, their duration, and interdependence. Also, the Work Breakdown Structure (WBS) will define the full scope of the project, to ensure that this is clearly stated and understood, and to form a basis for project control and monitoring. Budget increase during the implementation of the project as a consequence of delays in carrying out of individual tasks. Mitigation:budget item named Contingency which will be determined in a certain percentage compared to the total project budget to be used to cover unforeseen expenditures. Lack of cooperation by the factories which discharge the wastewater. Mitigation:clearly defined roles of all stakeholders of the project which  will be indicated in the agreement signed by all relevant parties. Unsustainability of the project. Mitigation:it is important that the factors that affect sustainability of the project are articulated well and incorporated , as far as possible, at the beginning stage. Later, the same factors can be followed up through monitoring. 3.3. Strategy for monitoring the implementation of the project Good management practices include regular monitoring on both short- and long-term basis. An effective monitoring process provides on-going, systematic information that strengthens project implementation. The monitoring process provides an opportunity to: a) Compare implementation efforts with original goals and targets, b) Determine whether sufficient progress is being made toward achieving expected results, c) Determine whether the time schedule is observed. Implementation together with monitoring show how important it is to work with indicators and SMART targets from the very beginning of the project implementation An effective monitoring and reporting system ideally includes the following elements: Clearly articulated targets and a set of indicators to measure performance; A schedule and set of guidelines for all responsible parties to report to each other; An opportunity for responsible parties and stakeholders to periodically meet to coordinate actions and review each other ´s performance; A link between the evaluation reports and progress achieved in the field. It is crucial to define the monitoring process in the project plan. Depending on the project duration and the budget involved, periodical reporting on the project progress should be defined at the beginning (quarterly, semi-annual, annual). A project manager is responsible for close monitoring of the project implementation, including timely appraisal of the reports and field visits to be able to monitor the work processes. How to cite Project Development and Control, Papers

My Autobiography Essay Summary Example For Students

My Autobiography Essay Summary My name is Mohammad Usman Khan. I was born in Lahore on 3rd January 1988 I am fourteen years old. I have had a very enjoyable life so far but there have also been some difficult times for me. In this essay I will write about many aspects of my life. These include my family and my friend and life in Pakistan. I will also explain about my self. some of the most important people in my life are my family, and friends. I will be writing about these and other issues that are special to me in more detail. LIFE IN PAKISTAN:-Pakistan is very different country from England, socially and culturally. Most of the people in Pakistan are Muslim. They speak Urdu, Punjabi and other languages which are quite different from English. Pakistani women wear different kind of dresses. They eat spicy food, which is quite different from English food. Pakistan is larger country than U. K. the population in Pakistan is over one hundred and twenty million. Most of Pakistani people live in villages. There are large cities as well in Pakistan. Since independence there has been large scaled industrialization.Now Pakistan is considered to be a developing country. FAMILY:- My family consists of three brothers, my Mom and Dad and my grand mother. My grand father, God Bless his soul recently died due to illness. He was the loveliest personality of my family. He loved me very much. My Mom and Dad are also very lovely. They love me very much. I love them too . I am eldest in my brothers. They are in Pakistan. I miss them very much. When I was in 9th class my parents sent me to England to study. FRIENDS:- I had lots of friends in Pakistan. They all very hard working and good. We were in same class and had same choice of Favourite subjects. They all get positions. They belong to good families. We used to play different games. When I came here they Were very sad. I like them very much. FAVOURITE HOLIDAY:- My favourite holiday is in this year when I went Pakistan to meet my parents. We went to see different places. I like Mury very much. It has good weather and nice places to see. We also got on cable cars and went to Patriota. I enjoyed it very much. This is my best and memorable holiday. FAVOURITE ROOM IN MY HOUSE:-My room is my favourite room. I have decorated it in my own way. The colour of walls is light blue, carpet and chairs are of maroon colour. On the side wall there is a beautiful picture of flowers. On the front wall I put picture of my family. It has four windows and is well ventilated. I like it very much. INTERESTS:- I like to play cricket and football. And also hide and seek . I like to study good books. I watch TV and gardening is my hobby. I am happy when I am with my family and friends. I am also happy when I go out for shopping.I feel very happiness when I get good grades in my studies. AMBITONS/ DREAMS FOR FUTURE:- I want to be a computer engineer or doctor. I want to be a good person and to fulfil my parents dreams. I want to proof my self best in my all fields of life. I also want to buy a big house and a Lemozine. CONCLUSION:- In conclusion, I have enjoyed thinking and writing my about my life so far. I have achieved a lot. In the future my Ambitions are to improve and complete them. However the most important thing in my life will always be my parents.