Nothing but the Truth Essay Example

Nothing but the Truth Essay Such a simple idea. Yet the force that drives it is powerful. Some might say, too powerful. Why, you ask. Because everything depends on the balance of truth. When a simple moment is blown out of proportion, it can lead to catastrophic results. Truth or the lack thereof affects every judgment that has, or ever will be made. Our decisions are clouded by how much of the truth we really know. It really isn’t that much of a wonder that an innocent lie can worm its way into the core of balance, and by slightly upsetting the scales, ruin everything. In Nothing But The Truth, both Philip Malloy and Miss Narwin’s life gets changed after the public begins to interfere with their dismal relationship. However, not all of what occurred was Philip’s and Miss Narwin’s fault. The lie Philip instilled into the system was nurtured and cared for by others, and it took a life of its own. The three biggest components (excluding Philip or Miss Narwin) of their jigsaw of problems were Philip’s parents, the School Administration, and Ted Griffen. These people are the biggest players of the game, because they had the power to use and the ability to administer it. We will write a custom essay sample on Nothing but the Truth specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Nothing but the Truth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Nothing but the Truth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer They should have taken more responsibility and instead of letting the situation run away and get out of hand, they should’ve contained it so that it wouldn’t explode in their faces. Philip’s parents had a huge influence on the outcome of the story. They were the driving force of Philip’s side. Without even thinking about both sides of the story, they automatically started a war-of-sorts against Miss Narwin. Philip’s parents should have listened to what Miss Narwin was saying. They should have paid more attention to the whole story, and should have kept a closer touch with Philip in general. If they had been able to keep a closer eye on the situation, they might have been able to tone it down a bit. Philip’s parents also took their opinion too far. The fact that Philip got suspended simply for singing the national anthem is too unusual for that to be the whole story. Alerting the media and making it a huge deal was just overdoing things. The School Administration is another cause for the outcome. They ought to have stuck with Miss Narwin the whole way, because she was one of their teachers. They shouldn’t have let the world hate her for something that she didn’t do; they should’ve stood up for her because they knew the truth. The administration was all talk and no work. They kept declaring how they couldn’t afford the budget to not pass, but they never tried to do anything about fixing the situation until it was too late. When the superintendent eventually confronted Ted Griffen, it was too late to change anything. If they had been more proactive instead of waiting for the outcome, they might have been able to alter the ending and maybe save the budget too. Although he might not seem important, Ted Griffen was a huge element of this escapade. Because his only motive was to be on the board of education, he didn’t care what consequences would occur, and was willing to go to any extent to reach his goal. He manipulated the situation to his complete advantage. Since he knew that the public didn’t want to pay for the budget, he used the school’s dilemma as his campaign premise, and was able to hurl the situation out of control very easily. Because he appealed to the people’s needs, he could make feeble connections between the situations, and then draw on their agreement to give him votes. Philip’s parents, the Administration, and Ted Griffen have a lot to account for. They were the dynamic influences, the people with opportunities to keep the situation in hand. As a result of bad judgment and planning, they caused Philip to eventually move to Washington Academy and for Miss Narwin to resign. Because they made the wrong the choices, and then the effects of their actions were truly revealed. They didn’t wield their power properly, and both Philip and Miss Narwin suffered.

The Man Who Brought Geometry to the World

The Man Who Brought Geometry to the World Much of our modern science, and astronomy in particular, has roots in the ancient world. In particular, the Greek philosophers studied the cosmos and tried to use the language of mathematics to explain everything. The Greek philosopher Thales was one such man. He was born around 624 BCE, and while some believe his lineage was Phoenician, most consider him to be Milesian (Miletus was in Asia Minor, now modern Turkey) and he came from a distinguished family. It is difficult to write about Thales, since none of his own writing survives. He was known to be a prolific writer, but as with so many documents from the ancient world, his vanished through the ages. He is mentioned in other peoples works  and seems to have been quite well-known for his time among fellow philsophers and writers. Thales was an engineer, scientist, mathematician, and a philosopher interested in nature. He may have been the teacher of Anaximander (611 BC - 545 BCE), another philosopher. Some researchers think Thales wrote a book on navigation, but there is little evidence of such a tome. In fact, if he wrote any works at all, they did not even survive until the time of Aristotle (384 BCE- 322 BCE). Even though the existence of his book is debatable, it turns out that Thales probably did define the constellation Ursa Minor. Seven Sages Despite the fact that much of what is known about Thales is mostly hearsay, he was definitely well-respected in ancient Greece. He was  the only philosopher before Socrates to be counted among the Seven Sages. These were  philosophers in the 6th century BCE who were  statesmen and law-givers, and in Thaless case, a natural philosopher (scientist).   There are reports that Thales predicted an eclipse of the Sun in 585 BCE. While the 19-year cycle for lunar eclipses was well known by this time, solar eclipses were harder to predict, since they were visible from different locations on Earth and people were not aware of the orbital motions of the Sun, Moon, and Earth that contributed to solar eclipses. Most likely, if he did make such a prediction, it was a lucky guess based on experience saying that another eclipse was due. After the eclipse on 28 May, 585 BCE, Herodotus wrote, Day was all of a sudden changed into night. This event had been foretold by Thales, the Milesian, who forewarned the Ionians of it, fixing for it the very year in which it took place. The Medes and Lydians, when they observed the change, ceased fighting, and were alike anxious to have terms of peace agreed on. Impressive, but Human Thales is often credited with some impressive work with geometry. It is said he determined the heights of pyramids by measuring their shadows and could deduce the distances of ships from a vantage point onshore. How much of our knowledge of Thales is accurate is anyones guess. Most of what we know is due to Aristotle who wrote in his Metaphysics: Thales of Miletus taught that all things are water. Apparently Thales believed the Earth floated in water and everything came from water. Like the absent-minded professor stereotype still popular today, Thales has been described in both glowing and derogatory tales. One story, told by Aristotle, says Thales used his skills to predict that the next seasons olive crop would be bountiful. He then purchased all the olive presses and made a fortune when the prediction came true. Plato, on the other hand, told a story of how one night Thales was gazing at the sky as he walked and fell into a ditch. There was a pretty servant girl nearby who came to his rescue, who then said to him How do you expect to understand what is going on up in the sky if you do not even see what is at your feet? Thales died about 547 BCE in in his home of Miletus. Edited and updated by  Carolyn Collins Petersen.

How to Study Shakespeares Sonnet 73

How to Study Shakespeare's Sonnet 73 Shakespeare’s Sonnet 73 is the third of four poems concerned with aging (Sonnets 71-74). It is also hailed as one of his most beautiful sonnets. The speaker in the poem suggests that his lover will love him more, the older he gets because his physical aging will remind him that he will die soon. Alternatively, he could be saying that if his lover can appreciate and love him in his decrepit state then his love must be enduring and strong. You can read the full text to Sonnet 73 in our collection of Shakespeare’s sonnets. The Facts Sequence: Sonnet 73 is part of the Fair Youth SonnetsKey Themes: Ageing, mortality, enduring love, forthcoming death inspiring stronger love, seasons of lifeStyle: Sonnet 73 is written in iambic pentameter and follows the traditional sonnet form A Translation The poet addresses his lover and acknowledges that he is in the Autumn or Winter of his life and that he knows his lover can see that. He compares himself to a tree in the Autumn or Winter: â€Å"Upon those boughs which shake against the cold.† He explains that the sun (or life) in him is fading and night (or death) is taking over - he is aging. However, he knows his lover still sees a fire in him but suggests that it will go out or that he will be consumed by it. He knows his lover sees him getting older but believes it makes his love stronger because he knows that he will die soon so will appreciate him while he is there. Analysis The sonnet is somewhat tragic in tone because it is based on wishful thinking: as I get older, I will be loved more. However, it could be saying that even though the lover can perceive his aging, he loves him regardless. The tree metaphor works beautifully in this case. It is evocative of the seasons and relates to the different stages of life. This is reminiscent of the â€Å"All the world’s a stage† speech from As You Like It. In Sonnet 18 the fair youth is famously compared to a summer’s day – we know then that he is younger and more vibrant than the poet and that this concerns him. Sonnet 73 contains many of the reoccurring themes in Shakespeare’s work concerning the effects of time and age on physical and mental wellbeing. The poem could also be compared to Sonnet 55 where monuments are â€Å"besmeared by sluttish time†. The metaphors and imagery are pungent in this evocative example of Shakespeare’s mastery.

Speech Essay Example | Topics and Well Written Essays - 2750 words

Speech - Essay Example for charting all of the pertinent information specific to their patients and single handedly act as the liaison between the doctors and their patients. One would think that it would be the nurses who receive upwards of a half a million dollars a year along with private offices and reserved parking spaces. This is in fact, far from the reality of how the health care industry works. It is not an uncommon scenario to find an E.R. with full occupancy of its bays while still more patients poor through the door via ambulance. These patients are often stuck in the halls on cardiac monitors or in wheelchairs as they wait for the next bed to hopefully open up. While there is always an E.R. attending physician, it is the many R.N’s and L.P.N.’s that juggle the mass of sick patients which most hospitals never seem to be at a loss for. Nurses are essentially on the front lines of the medical industry and are paid little more than laborers and in some cases, they are paid less than laborers such as auto mechanics. It is relatively normal for an L.P.N. to make in the neighborhood of $16.00 an hour while an R.N. can command about $26.00 depending on years of

Corporate Logos and Their Change in Design over the Years Research Paper

Corporate Logos and Their Change in Design over the Years - Research Paper Example The researcher states that Jim Nash made a black and white headshot of Quaker Man in 1946. This eliminated the other constituents of Quaker Man’s body which symbolized a more focus in providing the higher quality of products, matched with a smiling facial expression that conveyed a more positive outlook towards the consumers. In 1957, Haddon Sundblom painted a colored version of Quaker Man’s headshot which was used up until the recent times. In 1972, the company logo produced a radically redesigned monochromatic logo by Saul Bass. This signified a unified company, which embodies one single goal patterned after the honest and true values of the owners. However, as the company approached the contemporary era, the logo was shifted back to Sundblom’s original version, with a bigger Quaker word and an embossed gold border surrounding the headshot of Quaker Man. Recently, Quaker introduced a new logo set in Archer typeface, which is popularized by Hoefler and Frere-Jon es. The typical all-caps company name was replaced by a new font style that shows a simple and friendly ambiance. The Quaker Man was moved from the center portion of the logo to the inner portion of the letter Q. This was made after Quaker introduced a new line of tasty delights as they continue to venture into the global market. The logo produced a rather interesting message that is both eye-catching and message instilling. The Visa logo was typically shown in a flag design with the colors blue, white and gold. The blue and gold colors were associated with the blue skies and the golden hills of California, where the BankAmericard originated. At the company’s early times, Visa was originally a lending instrument that provided aid for people who are in need of financial assistance.

Project Management in SMEs

Project Management in SMEs Introduction To Literature Review: Literature Review is done by knowing a clear definition of SMEs, its role in the Indian economy. Then it is carried out by analyzing the definition of project management and its significance in the SMEs, and next the definition of project and its factors affecting the success of a project was discussed. This chapter also deals with the staffing of a project manager, project team and also about the effective skills required for a project manager to implement successful project management methodologies into an organization. This literature also covered by the critical analysis of effective risk management through Project Management practices in Small and Medium Enterprises in India, here mainly it was discussed about the types of risks that an organization encounters while establishing/choosing a vendor, and ways of analysis this risks through project management techniques. This chapter also explained about the ways of implementing a project management methodology into an SME and effec ts that a SME might face of implementing the project management tools and techniques. Definition Of Smes: SMEs can be defined in different forms due to broad mixture in business. A company is generally distinguished as a small or medium enterprise based on the total number of employees, total turnover and the balance sheet of the company. A company is considered as a small firm if it has 50 employees with an annual turnover of about  £5.6 million and an annual balance sheet of  £2.8 million. On the other hand, a firm is said to be a medium firm when it has a total of 250 employees with a turnover of about  £22.8million and a balance sheet of  £11.4million (company act 1985, Duke Ghosh, 2009). Role Of Smes In Indian Economy: SMEs are most vital part in the sustainable economical growth and participating in a long run of development of industrial sector from the past few years, SMEs are considered as a stepping stone for industrial growth. It has ability to transfer technology and modernization which brings economic success in this modern era. In the development of better and greater economic growth, competition, flexibility and good communication are the required parameters, for this reason SMEs are becoming like of mixture of competitiveness within the economy while providing flexibility and better communication system to the complete industrial structure. (Duke Ghosh, 2009) Recently the dimensions of the SMEs are seems likely to be increasing due to the government promotions and also its encouragement towards the goal of SMEs. The growth of the entrepreneurial sector have been raised from 870,000 businesses in 1981 to nearly 4 million by 2003 by the identification of importance and its development by the government of India. And it stood next to gigantic agricultural sector in providing the employment opportunities (Boulton and Turner, 2005). This SMEs are acting like a job providing engines, which indirectly raising the per capita of the nation economy. Such firms make significant contributions to private sector employment and output, which appears to be increasing overtime (Storey, 1994). The following diagram show the growth and the position of the development of the small industries development as on 2003 according to SIDO Importance Of Smes To The Indian Economy SMEs, however defined, constitute the majority of all enterprises in most of the economies in the world (OCED, 1998). SMEs are not only acting as employment generator but also achieved outstanding credit in Indian economy by satisfying its core objectives and being as a supporting body to the large firms. This is one of the main reasons why the SMEs have gained more attention from the politicians, policy-makers and academics. However, between 1945 and the late 1960s there was little interest in small firms from either the government or academics. According to Mr. Pawan Kumar Bansal, Union Ministry of State for Finance, Bangalore; says that SMEs are playing a vital role in socio-economic policies of Government of India. Foreign earning and imports of foreign capital goods contribution have been developed by the socio economic policies of India (Mr. Pawan Kumar, 2007). â€Å"SMEs were regarded as being poorly managed, badly organised and reliant on outmoded technologies to produce inferior products and services† (Manson and Harrison, 1990). For this reason the Indian government have implemented many more SMEs policies for their development and mainly focused on promoting clusters of small firms and supporting the development of high-tech sector such as IT sectors and BPOs in Bangalore, and this policies have been very successful as a results many of the outsourcing companies from western countries are moving to India (Patrizio B, et. al, 2006). Starting with wide varieties of situations and approach, a huge amount of SMEs policies have been implemented in developing countries like India (Parrilli, 2005). Services have been the fastest-growing sector of the Indian economy over the past decades and helped to accelerate the overall growth rate of the economy, this services have also made Indias integration with the world economy through trade and capital flows (Uma Kapila, 2009). The phenomenal growth and export in the services like IT and BPO have placed India on the global map as one of the major players in the field of knowledge-based services this also helped to improve the performance of the other sectors of the economy in turn helping the overall development. Project Management And Its Significance: This literature says before knowing about the significance of project management in SMEs, it is important to explain the definition of the project management and its approach of implementing a project as follows: Project Management: â€Å"The purpose of project management is to plan, organize and control all activity so that the project is completed as successfully as possible in spite of all the difficulties and risks. This process starts before any resources are committed and must continue until all work is finished. The aim is for the final result to satisfy the objectives of both the project performer and the customer† (Lock, 2006, p. 1) It is known that projects differ from each other in more ways than one. They might differ in their structure, mode of operation, funds allocated or even the strength they comprise of or their criticality to the business (Heldman, 2005). Even though a similar project has been carried out in the past, the projects may differ in one or more aspects such as administrative, physical and commercial or a change in ways of working etc; managing projects is a part of every business and is quintessential for the smooth functioning and success of the project. Project Management includes all necessary activities needed to plan and execute a project (Lock, 2006). The two most important steps involved in going about a project are discussed below: Step 1: To decide what needs to be done before the initiation of a project. The next set of requirements from a project management perspective is to estimate the cost of completing the project and make sure there are necessary funds available to execute the project so as to bring name and revenue to the organization (Burke, 1999). People involved in planning the project need to ensure beforehand that they pick the right people to execute the project and make them aware of the responsibilities assigned to them. Project resources are the key to success in any project and its rarely a one-man team (Heldman, 2005). Therefore, a team that has an open-minded approach towards the project and all other people involved in the project and be prepared to motivate and be motivated throughout the length of the project. This will encourage teamwork and commitment in what they do. One of the key things to ensure higher rates of success in a project is to choose the right mix of people and the right level of management looking for process improvement and thereby providing value added services to customers. This in turn helps organizations improve their efficiency and help them to stay on top of its competitors (Baron, 2005). Every person involved needs to be updated by project leaders and start the chain of communication to ensure adequate buy-in and at the same time commit to managing their expectations from the project. The main aim of communication is to keep everyone updated about any latest developments that take place and keep them engaged (PMBOK, 2004). Provide clear briefs to people involved in the project to obtain commitment on work and deliveries (Baron, 2005). The support of sponsors is very important by making them commit to your approach. (Burke, 1999) Meeting the expectations of the stakeholders, meeting of objectives and requirements, meeting budget, meeting deadlines etc (Jeston and Nelis, 2006). Step 2: We live in a competitive world where every firm attempts to make optimum use of resources and to be better than their competitors. This brings the area of proper planning and execution of the project. The main objective of planning a project well is to schedule and chart out the complete work for the project and then ensure arrangements are in order for work to start and continue as per schedule (Burke, 1999). For a project to be successful and be admired, it should complete on schedule. The project needs a leader who takes the final decision with the consent of all members in his/her team. He/she should portray the courtesy to listen to subordinates even when the opinion is not being considered or implemented (Heldman, 2005). People who carry out the project should be taken into confidence and spoken to regularly. Most importantly, a project should have clarity about its scope, objectives, responsibilities, cost and accountability, scope for improvement should be considered and stockholders should be kept in confidence (PMBOK, 2004). The literature explains that the project management methodologies allow the project manager to allocate and make more work done with less people and time, so it would be beneficial to the SME where it have very fewer people working. And also its make the organisation more effective by implementing more project in lesser time by providing clear control on the projects scope and changes and implementing them more effectively and efficiently. Project management improves the line of decision making; it also increases the quality of a project. SMEs can handle more projects by raising its business (Kerzner, 2003). Definition Of Project And Its Success Factors: Project: A project is a series of activities or tasks that have a specific objective to be completed within a determined specification; have defined start and end dates; usually funded and require resources (Kerzner 2003; Cooke-Davies 2001). When the project is said to be failed it is waste of capital, time and resource, a new lessons /techniques/methodologies have to be learned from the failed projects and the project manager/ project authorities have to continue for the new project. Project management is one of the methodologies which deals the projects in a systematic manner and says the following are the essential factors to be made to complete successfully with a project: Clarity In Project Definition: Project manager has to make himself/herself with a clear idea and definition of the project, but not only he/she but also to his/her project team. He/she have to make sure about the project specifications such as â€Å"what the project is about† its aim, objectives, and its deliverables, etc. For example we can talk about the case studies of some unsuccessful projects due to indistinct objectives and aims which are documented by Gray and Larson (Gray and Larson, 2002). Thus the chances of increasing project success lies in clear and distinct objectives and aims. Project Feasibility: It is one among the factors which talks about the social, economical, political, human, cultural, financial and environmental factors which underpins to the achievement of the project (Fullen, 2005). According to Khatib this factors would produce a good result for a project which undergoes a serious study, specified aim and objective and allocation of time (Khatib, 2003). Consistent feasibility makes a project manager to define himself with a clear and well project aim, time specifications, and allocation of resources. A positive feasibility brings more chances to lead a project success. Planning: â€Å"According to Kerzner project planning; in general, can best be described as the function of selecting the enterprise objectives and establishing the policies, procedures, and programs necessary for achieving them. It can be described as a forecasting the environment and predefined course of action† (Kerzner, 2003 ). According to Kerzner, there are four basic reasons for project planning: Elimination or reduction of uncertainty. Improving the efficiency of the operation. Understanding a better understanding of the objectives. To provide a basis for monitoring and controlling work. (Adapted from Kerzner, 2003) Work Breakdown Structure (Wbs): The important task to be done by the project manger after project planning is dividing the work into manageable tasks. â€Å"The work breakdown structure is a deliverable-oriented hierarchical decomposition of the work to be executed by the project team, to accomplish the project objectives and create the required deliverables† (PMBOK, 2004). The work breakdown structure also explains complete scope of the project. The WBS divides the work into small tasks which are manageable and will have a specific responsible authority will be allocated, it will be in a manner of integratable so that the total work package is the summation of subdivided elements, and it will be as much as easy to be measure in terms of progress like estimating cost, scheduling, monitoring, and controlling (Kerzner, 2003). Involvement Of Project Stakeholders: â€Å"Project stakeholders are the individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion. They may also exert influence over the projects objectives and outcomes† (PMBOK, 2004). Project stakeholders are also a part of the project success, to ensure this success the project team have to identify their requirements, expectations, and their influence on the project. Stakeholders may have various levels of authority/responsibility on the project; they may vary from occasional contributors to full sponsors for the project. â€Å"Stakeholder who ignores this responsibility can have a damaging impact on the project objectives. Likewise, project managers who ignore stakeholders can expect a damaging impact on project outcomes† (PMBOK, 2004). The above figure shows that every individual project is similar to the structure of the earth where in each sector plays an important role here the most interior structure is project manager who forms the base of any project. The project manager forms the integral part of a project management team along with whom he carry on the project. The project manager and the project management team together comprises of a project team where in this team wholly concentrate on the project that is to be taken. These three together works for the satisfaction of the stakeholders interested in the completion of the project it may comprises of the senior management of the company the owners and the clients of the company. Staffing The Project Manager And Project Team: As mention above to my literature the successful project includes; on time delivery, must come across stakeholders expectations, within budget and have to congregate the project deliverables (Cooke-Davies, 2004). Project manager is one who plays a vital role to mix all stuff to formulate the project to a success. â€Å"Project manager is the individual ultimately responsible for managing and leading the project to its successful conclusion† (Paul D, 2005). It is a role that entails a mix of competencies, combining management with leadership and political awareness (Pinto, 2000). Though understanding the role of project manager sounds good, but the upper management always find difficulties in the selection of a correct project manager. â€Å"Project management is said to be successful only if the project manager and his team are totally dedicated to the successful completion of the project. This requires the project team and project manager must have good understanding of the fundamental project requirements† (Kerzner, 2003). For this reason the upper management have to look up/focus at the following skills in the selection process from the individual to appoint him/her as a project manager: (this are requirements demanded by a SME in its advertisement for a facilities planning and development project manager (adapted from The New York Times, January 2, 1972) (source: Kerzner, 2003) Business Management Skills: If project management is itself an organization, as the whole project group will work as a solo unit for the achievement of a common goal, then the project manager is the CEO of this organization. So the organization skills are predominantly important during project development. With strong business management skills, he/she must be able to achieve the most excellent hysterics across teams and in the midst of all project resources of the organisation. â€Å"It requires defining the reporting relationship, responsibilities, line of control, and information needs. A good program plan and a task matrix are useful organisation tools plus clear defined program objectives, open communication channels, good program leadership, and senior management support† (Kerzner, 2003). Leadership Skills: Project manager is the one who has to manage his/her team and make them to follow him/her, has to act as a leader. He/she has to have a clear project leadership and own direction to direct the team members. He/she must be able to solve the conflicts, assistance in problem-solving, as a project leader he/she as to represent his/her team to upper level management. He/she as to motivate the project team members towards common vision. Project manager as a leader has to remain as a inspiration to his/her project team (Kerzner, 2003). Technical Skills: Technical skills is an superlative addition remark for a project manager, if his proficiency applicable to the project, by this he/she can have good thoughts and understanding about the projects and can work out more for his/her profound project objective (Horine 2005; Murch 2001). Now a day this skills achieved a greater importance, without technical skills a project manager cannot understand the present market, updated technology and the environment of the business. With the help of these technical skills one can understand the consequences or technical risks that encounter in the project, for example a software engineer being as a project manager and handling a software development project can easily sort the risks that appear in that project. He/she can make sure of his/her project team with a clear understanding of the foreseen risks that may appear in the project. â€Å"According to Kerzner, 2003 the technical expertise is composed of the following understanding: Technology involved Engineering tools and techniques employed Specified markets, their customers, and requirements Product application Technological trends and evolutions Relationship among supporting technologies People who are part of the technical community† (Source: Kerzner, 2003) Communication Skills: Another important skill set must be posed by the project manager is communication skills. â€Å"Project manager influence people o take action, this requires an ability to communicate in a style appropriate for the individual concerned† (Paul D, 2005). Project manager is the communication channel throughout the project. Project manager is effective means of communication hub between the project team and the end users. Project manager have to act as a communication radio and have to carry the stakeholders expectations towards the project team and have to bring the project to a successful effective end. Moreover, a successful project manager ensures smooth information sharing across teams via instilling a communication-driven environment that allows for efficient spread, user-friendliness and use of information. Conflict Resolution Skills: No project end up successfully without any conflicts, there might be foreseen risks or conflicts between the project team members or conflicts between project team and stakeholders. So this is the main reason that the project manager, the CEO of project management organization has to possess the problem solving skills/conflict resolution skills. Project success lies with how well the project manager solves the problems/conflicts. Soundness of the solution taken by the project manager with a logical and analytical thinking conforms how well the project manager good at reaching the project to a successful end. However these conflicts are beneficial to a project which indirectly increases the competiveness among the team members involved the project (Kerzner, 2003). Project Management Experience: Implementing successful project management lies in the hands of able project manager, so the project manager is responsible character and must possess prior project management experience in general. Project management is body of knowledge which can be learned from the realistic knowledge, but its not a skill which comes by itself. A well qualified project manager will be very much able to implement a successful project management into an organization. Past knowledge makes a manager to overcome all the challenges that he/she face in completing a project by using project management. Other Skills: There are so many other skills such as planning, resource allocation, management support building, and time management skills, etc, which make the project manager to lay his/her path successful in controlling the projects successfully. Not only this but also the entrepreneurial skills and administrative skills are very important in understanding the tactics and implement them in his/her own project and make the project victorious (Kerzner, 2003). A Critical Analysis Of Effective Risk Management Through Project Management Practices In Small And Medium Enterprises In India: Risk: Vose (2008, p. 3) defines the term risk as â€Å"a random event that may possibly occur and, if it did occur, would have a negative impact on the goals of the organization. Thus, a risk is composed of three elements: the scenario; its probability of occurrence; and the size of its impact if it did occur†. Any risk could prove an organisation wrong in its quest to achieve success. Risks can occur in various forms and their impact can vary under a lot of factors. In a high cost business environment that is under fierce competition from companies not just on a national, but also on a global level, the chances of risks arising multiply quickly and heavily (Crouhy et al., 2000). A firm can easily lose its name in the market because they had overlooked a miniscule drawback that their competitors overcame. Therefore, risks not only carry financial implications with them, but also other factors such as brand image, market credibility or loss of market share. To analyse and understand these implications, it is necessary to understand the types of risks and their varying characteristics (Flynn, 2008). Click and Duening (2004) have come up with a list of the various types of risks such as human capital risks, Confidentiality risks, overall project risks, and scope risks, delay risks, estimation risks and dependency risks may occur in the business. In addition to this there might be property (intellectual), legal, value related or unavoidable natural risks that generally exist and arise in a business. Types of risks: Human capital risks This has always been an important part of the business activity. People who work towards organizational goals are the most critical assets of the firm and the project (Beasley et al., 2004). A loss of an employee who was very important to the smooth functioning of a project can be a risky proposition because a new individual joining the project would need time to understand and evaluate a lot of factors contributing to the project. This would invariably lead to loss of productivity, a slump in team morale or even loss of time and money (Flynn, 2008). Project risks – These risks arise because of a lot of other risks contributing to the main risk of a project being delayed or even shelved in certain cases. There have also been instances where proper planning and regulation were absent or goals misunderstood leading to extended timeframes to complete the project thus leading to increased investments of critical resources (Sanchez Canton, 1998). A very good example of project risks can be seen in Government funded public projects or even military developmental projects where public time and money is involved. Confidentiality risk: The second most important risk that may appear in dealing a project is confidentiality risk, it mostly appear due to lack of secrecy. This is especially for the large projects. The information have to be kept confidential, if not the competitors with large team members may understand the work flow/formulae of the project and be able to built the project earlier as before you can. We must be careful especially when we involve contractors or outsiders into the project. Effective project management may help in having a good communication line among the team members, marketing staff, and contractors; this may helps to keep the information confidential (T Kendrick, 2009) Scope risks: This is another type of risk which mostly appears when the project starts to take a shape. This is due to requirement of a new technology, unfamiliar developments of tools or methods, poor testing criteria, inconsistent specification, undefined product definition, and technical complication (T Kendrick, 2009) Delay risks: Delay risk is part of schedule risks and these are after scope risks, these risks mainly appear due to the delay of the essential parts required for a project, it include customs, Paperwork, delivery, and related concerns. This is also due to the delay of information needed, communication gap and misunderstanding among the team members/ project stakeholders, etc. Due this factor the project may delay for some days, months or may be for years (T Kendrick, 2009) Estimating risks: Estimating risk appears mostly in technical projects. Project manager mostly says the typical risks arise in the project is estimating risks. Estimating risks occurs when there are learning curves ( when the quality of estimates of new technology, or new people involvement is not good), judgements (misunderstanding, disintegration of work), and imposed deadlines (forceful deadlines set in advance, when an objective is retained) (T Kendrick, 2009) Dependency risks: Other projects, infrastructure factors, and legal issues are three sub categories of dependency risks. In general large project are sub divided into small projects and mostly these small project will be dependent on the other, unfortunately when one small project is delayed/stopped the other projects which are dependent on it will be delayed. â€Å"Even for the interfaces that were defined in advance, delay was fairly common due to the uncertainty in each project† (T Kendrick, 2009) The above section has detailed the different types of risks that normally exist or co-exist in projects. Their modes of occurrence and the impact they can have on the project and the firm has been explained in brief. The following part would attempt to explain ways that firms, projects and managers involved employ to analyse and manage the same since the occurrence of a risk can pose a threat to the above in terms of time, money or even failure to deliver what has been promised. Analyzing And Managing Risks: Ways to manage risks with limited impact on other resources: Risks are present in abundance in any IT and outsourcing industries because of the processes being tightly interlinked such as business processes, database, or process reengineering. Therefore, it is very important to: Identify risks. Weigh risks for probability of risk occurring. Weigh risks for criticality/impact at your operations. Plan to reduce risk (to zero if appropriate, for example for a safety critical industry) (Sanchez Canton, 1998). A simple way of explaining risk analysis is to take an airplane for example because the traveler, who is the user, has zero tolerance to risks. In similar manner, risk analysis can be carried out for other products and services too. The most important indicative risks are business continuity management risks, information security/data privacy risks and process related risks (Lock, 2001). The need to evaluate and monitor risks involved from an Enterprise Risk Management (ERM) perspective takes higher priority over other means of analysis in the information age of business (Flynn, 2008). It can be seen in the ERM diagram below the different risks across the entire organization that exist or arise and the need for them to be managed effectively (Beasley et al., 2004). An important reason firms should stress on analysing risks is the realization that risks delay chances of sticking to time schedules agreed by project leaders to customers in turn; leading to increased investment of resources in the form of man hours and time (PMBOK, 2004). This causes increase in investment of capital, which is something neither customers nor firms involved like to do. Risks occur at every stage of a project thus increasing stress on carrying out risk analysis and minimize the effects of risks on a given project. It means that risks and errors still occur when thorough analyses of their occurrence have been chalked out and steps have been implemented to minimize the effects they have on a project (Burke, 1999). However, prior knowledge of a risk occurring at a given period in the project enables people involved to counter the risk effectively and minimize or erase the impact it could have had on the project. Before the project could be initiated, assessing risks by knowing in exact what the project intends to do and the reason for it to be outsourced becomes very important. This could include assessing project behaviour under varying market conditions and the expected growth rate it can attain within a given period of time (Dickson, 2003). Risks need to be analyzed in a detailed manner by the top management in order to understand the various options available to conduct a cost-benefit analysis. This understanding and analysis becomes significant in implementing a sound risk management plan. A project taken up poses as a risk in itself to explore opportunities that lie waiting on the other side. Therefore, threats need to be minimized a Project Management in SMEs Project Management in SMEs Introduction To Literature Review: Literature Review is done by knowing a clear definition of SMEs, its role in the Indian economy. Then it is carried out by analyzing the definition of project management and its significance in the SMEs, and next the definition of project and its factors affecting the success of a project was discussed. This chapter also deals with the staffing of a project manager, project team and also about the effective skills required for a project manager to implement successful project management methodologies into an organization. This literature also covered by the critical analysis of effective risk management through Project Management practices in Small and Medium Enterprises in India, here mainly it was discussed about the types of risks that an organization encounters while establishing/choosing a vendor, and ways of analysis this risks through project management techniques. This chapter also explained about the ways of implementing a project management methodology into an SME and effec ts that a SME might face of implementing the project management tools and techniques. Definition Of Smes: SMEs can be defined in different forms due to broad mixture in business. A company is generally distinguished as a small or medium enterprise based on the total number of employees, total turnover and the balance sheet of the company. A company is considered as a small firm if it has 50 employees with an annual turnover of about  £5.6 million and an annual balance sheet of  £2.8 million. On the other hand, a firm is said to be a medium firm when it has a total of 250 employees with a turnover of about  £22.8million and a balance sheet of  £11.4million (company act 1985, Duke Ghosh, 2009). Role Of Smes In Indian Economy: SMEs are most vital part in the sustainable economical growth and participating in a long run of development of industrial sector from the past few years, SMEs are considered as a stepping stone for industrial growth. It has ability to transfer technology and modernization which brings economic success in this modern era. In the development of better and greater economic growth, competition, flexibility and good communication are the required parameters, for this reason SMEs are becoming like of mixture of competitiveness within the economy while providing flexibility and better communication system to the complete industrial structure. (Duke Ghosh, 2009) Recently the dimensions of the SMEs are seems likely to be increasing due to the government promotions and also its encouragement towards the goal of SMEs. The growth of the entrepreneurial sector have been raised from 870,000 businesses in 1981 to nearly 4 million by 2003 by the identification of importance and its development by the government of India. And it stood next to gigantic agricultural sector in providing the employment opportunities (Boulton and Turner, 2005). This SMEs are acting like a job providing engines, which indirectly raising the per capita of the nation economy. Such firms make significant contributions to private sector employment and output, which appears to be increasing overtime (Storey, 1994). The following diagram show the growth and the position of the development of the small industries development as on 2003 according to SIDO Importance Of Smes To The Indian Economy SMEs, however defined, constitute the majority of all enterprises in most of the economies in the world (OCED, 1998). SMEs are not only acting as employment generator but also achieved outstanding credit in Indian economy by satisfying its core objectives and being as a supporting body to the large firms. This is one of the main reasons why the SMEs have gained more attention from the politicians, policy-makers and academics. However, between 1945 and the late 1960s there was little interest in small firms from either the government or academics. According to Mr. Pawan Kumar Bansal, Union Ministry of State for Finance, Bangalore; says that SMEs are playing a vital role in socio-economic policies of Government of India. Foreign earning and imports of foreign capital goods contribution have been developed by the socio economic policies of India (Mr. Pawan Kumar, 2007). â€Å"SMEs were regarded as being poorly managed, badly organised and reliant on outmoded technologies to produce inferior products and services† (Manson and Harrison, 1990). For this reason the Indian government have implemented many more SMEs policies for their development and mainly focused on promoting clusters of small firms and supporting the development of high-tech sector such as IT sectors and BPOs in Bangalore, and this policies have been very successful as a results many of the outsourcing companies from western countries are moving to India (Patrizio B, et. al, 2006). Starting with wide varieties of situations and approach, a huge amount of SMEs policies have been implemented in developing countries like India (Parrilli, 2005). Services have been the fastest-growing sector of the Indian economy over the past decades and helped to accelerate the overall growth rate of the economy, this services have also made Indias integration with the world economy through trade and capital flows (Uma Kapila, 2009). The phenomenal growth and export in the services like IT and BPO have placed India on the global map as one of the major players in the field of knowledge-based services this also helped to improve the performance of the other sectors of the economy in turn helping the overall development. Project Management And Its Significance: This literature says before knowing about the significance of project management in SMEs, it is important to explain the definition of the project management and its approach of implementing a project as follows: Project Management: â€Å"The purpose of project management is to plan, organize and control all activity so that the project is completed as successfully as possible in spite of all the difficulties and risks. This process starts before any resources are committed and must continue until all work is finished. The aim is for the final result to satisfy the objectives of both the project performer and the customer† (Lock, 2006, p. 1) It is known that projects differ from each other in more ways than one. They might differ in their structure, mode of operation, funds allocated or even the strength they comprise of or their criticality to the business (Heldman, 2005). Even though a similar project has been carried out in the past, the projects may differ in one or more aspects such as administrative, physical and commercial or a change in ways of working etc; managing projects is a part of every business and is quintessential for the smooth functioning and success of the project. Project Management includes all necessary activities needed to plan and execute a project (Lock, 2006). The two most important steps involved in going about a project are discussed below: Step 1: To decide what needs to be done before the initiation of a project. The next set of requirements from a project management perspective is to estimate the cost of completing the project and make sure there are necessary funds available to execute the project so as to bring name and revenue to the organization (Burke, 1999). People involved in planning the project need to ensure beforehand that they pick the right people to execute the project and make them aware of the responsibilities assigned to them. Project resources are the key to success in any project and its rarely a one-man team (Heldman, 2005). Therefore, a team that has an open-minded approach towards the project and all other people involved in the project and be prepared to motivate and be motivated throughout the length of the project. This will encourage teamwork and commitment in what they do. One of the key things to ensure higher rates of success in a project is to choose the right mix of people and the right level of management looking for process improvement and thereby providing value added services to customers. This in turn helps organizations improve their efficiency and help them to stay on top of its competitors (Baron, 2005). Every person involved needs to be updated by project leaders and start the chain of communication to ensure adequate buy-in and at the same time commit to managing their expectations from the project. The main aim of communication is to keep everyone updated about any latest developments that take place and keep them engaged (PMBOK, 2004). Provide clear briefs to people involved in the project to obtain commitment on work and deliveries (Baron, 2005). The support of sponsors is very important by making them commit to your approach. (Burke, 1999) Meeting the expectations of the stakeholders, meeting of objectives and requirements, meeting budget, meeting deadlines etc (Jeston and Nelis, 2006). Step 2: We live in a competitive world where every firm attempts to make optimum use of resources and to be better than their competitors. This brings the area of proper planning and execution of the project. The main objective of planning a project well is to schedule and chart out the complete work for the project and then ensure arrangements are in order for work to start and continue as per schedule (Burke, 1999). For a project to be successful and be admired, it should complete on schedule. The project needs a leader who takes the final decision with the consent of all members in his/her team. He/she should portray the courtesy to listen to subordinates even when the opinion is not being considered or implemented (Heldman, 2005). People who carry out the project should be taken into confidence and spoken to regularly. Most importantly, a project should have clarity about its scope, objectives, responsibilities, cost and accountability, scope for improvement should be considered and stockholders should be kept in confidence (PMBOK, 2004). The literature explains that the project management methodologies allow the project manager to allocate and make more work done with less people and time, so it would be beneficial to the SME where it have very fewer people working. And also its make the organisation more effective by implementing more project in lesser time by providing clear control on the projects scope and changes and implementing them more effectively and efficiently. Project management improves the line of decision making; it also increases the quality of a project. SMEs can handle more projects by raising its business (Kerzner, 2003). Definition Of Project And Its Success Factors: Project: A project is a series of activities or tasks that have a specific objective to be completed within a determined specification; have defined start and end dates; usually funded and require resources (Kerzner 2003; Cooke-Davies 2001). When the project is said to be failed it is waste of capital, time and resource, a new lessons /techniques/methodologies have to be learned from the failed projects and the project manager/ project authorities have to continue for the new project. Project management is one of the methodologies which deals the projects in a systematic manner and says the following are the essential factors to be made to complete successfully with a project: Clarity In Project Definition: Project manager has to make himself/herself with a clear idea and definition of the project, but not only he/she but also to his/her project team. He/she have to make sure about the project specifications such as â€Å"what the project is about† its aim, objectives, and its deliverables, etc. For example we can talk about the case studies of some unsuccessful projects due to indistinct objectives and aims which are documented by Gray and Larson (Gray and Larson, 2002). Thus the chances of increasing project success lies in clear and distinct objectives and aims. Project Feasibility: It is one among the factors which talks about the social, economical, political, human, cultural, financial and environmental factors which underpins to the achievement of the project (Fullen, 2005). According to Khatib this factors would produce a good result for a project which undergoes a serious study, specified aim and objective and allocation of time (Khatib, 2003). Consistent feasibility makes a project manager to define himself with a clear and well project aim, time specifications, and allocation of resources. A positive feasibility brings more chances to lead a project success. Planning: â€Å"According to Kerzner project planning; in general, can best be described as the function of selecting the enterprise objectives and establishing the policies, procedures, and programs necessary for achieving them. It can be described as a forecasting the environment and predefined course of action† (Kerzner, 2003 ). According to Kerzner, there are four basic reasons for project planning: Elimination or reduction of uncertainty. Improving the efficiency of the operation. Understanding a better understanding of the objectives. To provide a basis for monitoring and controlling work. (Adapted from Kerzner, 2003) Work Breakdown Structure (Wbs): The important task to be done by the project manger after project planning is dividing the work into manageable tasks. â€Å"The work breakdown structure is a deliverable-oriented hierarchical decomposition of the work to be executed by the project team, to accomplish the project objectives and create the required deliverables† (PMBOK, 2004). The work breakdown structure also explains complete scope of the project. The WBS divides the work into small tasks which are manageable and will have a specific responsible authority will be allocated, it will be in a manner of integratable so that the total work package is the summation of subdivided elements, and it will be as much as easy to be measure in terms of progress like estimating cost, scheduling, monitoring, and controlling (Kerzner, 2003). Involvement Of Project Stakeholders: â€Å"Project stakeholders are the individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion. They may also exert influence over the projects objectives and outcomes† (PMBOK, 2004). Project stakeholders are also a part of the project success, to ensure this success the project team have to identify their requirements, expectations, and their influence on the project. Stakeholders may have various levels of authority/responsibility on the project; they may vary from occasional contributors to full sponsors for the project. â€Å"Stakeholder who ignores this responsibility can have a damaging impact on the project objectives. Likewise, project managers who ignore stakeholders can expect a damaging impact on project outcomes† (PMBOK, 2004). The above figure shows that every individual project is similar to the structure of the earth where in each sector plays an important role here the most interior structure is project manager who forms the base of any project. The project manager forms the integral part of a project management team along with whom he carry on the project. The project manager and the project management team together comprises of a project team where in this team wholly concentrate on the project that is to be taken. These three together works for the satisfaction of the stakeholders interested in the completion of the project it may comprises of the senior management of the company the owners and the clients of the company. Staffing The Project Manager And Project Team: As mention above to my literature the successful project includes; on time delivery, must come across stakeholders expectations, within budget and have to congregate the project deliverables (Cooke-Davies, 2004). Project manager is one who plays a vital role to mix all stuff to formulate the project to a success. â€Å"Project manager is the individual ultimately responsible for managing and leading the project to its successful conclusion† (Paul D, 2005). It is a role that entails a mix of competencies, combining management with leadership and political awareness (Pinto, 2000). Though understanding the role of project manager sounds good, but the upper management always find difficulties in the selection of a correct project manager. â€Å"Project management is said to be successful only if the project manager and his team are totally dedicated to the successful completion of the project. This requires the project team and project manager must have good understanding of the fundamental project requirements† (Kerzner, 2003). For this reason the upper management have to look up/focus at the following skills in the selection process from the individual to appoint him/her as a project manager: (this are requirements demanded by a SME in its advertisement for a facilities planning and development project manager (adapted from The New York Times, January 2, 1972) (source: Kerzner, 2003) Business Management Skills: If project management is itself an organization, as the whole project group will work as a solo unit for the achievement of a common goal, then the project manager is the CEO of this organization. So the organization skills are predominantly important during project development. With strong business management skills, he/she must be able to achieve the most excellent hysterics across teams and in the midst of all project resources of the organisation. â€Å"It requires defining the reporting relationship, responsibilities, line of control, and information needs. A good program plan and a task matrix are useful organisation tools plus clear defined program objectives, open communication channels, good program leadership, and senior management support† (Kerzner, 2003). Leadership Skills: Project manager is the one who has to manage his/her team and make them to follow him/her, has to act as a leader. He/she has to have a clear project leadership and own direction to direct the team members. He/she must be able to solve the conflicts, assistance in problem-solving, as a project leader he/she as to represent his/her team to upper level management. He/she as to motivate the project team members towards common vision. Project manager as a leader has to remain as a inspiration to his/her project team (Kerzner, 2003). Technical Skills: Technical skills is an superlative addition remark for a project manager, if his proficiency applicable to the project, by this he/she can have good thoughts and understanding about the projects and can work out more for his/her profound project objective (Horine 2005; Murch 2001). Now a day this skills achieved a greater importance, without technical skills a project manager cannot understand the present market, updated technology and the environment of the business. With the help of these technical skills one can understand the consequences or technical risks that encounter in the project, for example a software engineer being as a project manager and handling a software development project can easily sort the risks that appear in that project. He/she can make sure of his/her project team with a clear understanding of the foreseen risks that may appear in the project. â€Å"According to Kerzner, 2003 the technical expertise is composed of the following understanding: Technology involved Engineering tools and techniques employed Specified markets, their customers, and requirements Product application Technological trends and evolutions Relationship among supporting technologies People who are part of the technical community† (Source: Kerzner, 2003) Communication Skills: Another important skill set must be posed by the project manager is communication skills. â€Å"Project manager influence people o take action, this requires an ability to communicate in a style appropriate for the individual concerned† (Paul D, 2005). Project manager is the communication channel throughout the project. Project manager is effective means of communication hub between the project team and the end users. Project manager have to act as a communication radio and have to carry the stakeholders expectations towards the project team and have to bring the project to a successful effective end. Moreover, a successful project manager ensures smooth information sharing across teams via instilling a communication-driven environment that allows for efficient spread, user-friendliness and use of information. Conflict Resolution Skills: No project end up successfully without any conflicts, there might be foreseen risks or conflicts between the project team members or conflicts between project team and stakeholders. So this is the main reason that the project manager, the CEO of project management organization has to possess the problem solving skills/conflict resolution skills. Project success lies with how well the project manager solves the problems/conflicts. Soundness of the solution taken by the project manager with a logical and analytical thinking conforms how well the project manager good at reaching the project to a successful end. However these conflicts are beneficial to a project which indirectly increases the competiveness among the team members involved the project (Kerzner, 2003). Project Management Experience: Implementing successful project management lies in the hands of able project manager, so the project manager is responsible character and must possess prior project management experience in general. Project management is body of knowledge which can be learned from the realistic knowledge, but its not a skill which comes by itself. A well qualified project manager will be very much able to implement a successful project management into an organization. Past knowledge makes a manager to overcome all the challenges that he/she face in completing a project by using project management. Other Skills: There are so many other skills such as planning, resource allocation, management support building, and time management skills, etc, which make the project manager to lay his/her path successful in controlling the projects successfully. Not only this but also the entrepreneurial skills and administrative skills are very important in understanding the tactics and implement them in his/her own project and make the project victorious (Kerzner, 2003). A Critical Analysis Of Effective Risk Management Through Project Management Practices In Small And Medium Enterprises In India: Risk: Vose (2008, p. 3) defines the term risk as â€Å"a random event that may possibly occur and, if it did occur, would have a negative impact on the goals of the organization. Thus, a risk is composed of three elements: the scenario; its probability of occurrence; and the size of its impact if it did occur†. Any risk could prove an organisation wrong in its quest to achieve success. Risks can occur in various forms and their impact can vary under a lot of factors. In a high cost business environment that is under fierce competition from companies not just on a national, but also on a global level, the chances of risks arising multiply quickly and heavily (Crouhy et al., 2000). A firm can easily lose its name in the market because they had overlooked a miniscule drawback that their competitors overcame. Therefore, risks not only carry financial implications with them, but also other factors such as brand image, market credibility or loss of market share. To analyse and understand these implications, it is necessary to understand the types of risks and their varying characteristics (Flynn, 2008). Click and Duening (2004) have come up with a list of the various types of risks such as human capital risks, Confidentiality risks, overall project risks, and scope risks, delay risks, estimation risks and dependency risks may occur in the business. In addition to this there might be property (intellectual), legal, value related or unavoidable natural risks that generally exist and arise in a business. Types of risks: Human capital risks This has always been an important part of the business activity. People who work towards organizational goals are the most critical assets of the firm and the project (Beasley et al., 2004). A loss of an employee who was very important to the smooth functioning of a project can be a risky proposition because a new individual joining the project would need time to understand and evaluate a lot of factors contributing to the project. This would invariably lead to loss of productivity, a slump in team morale or even loss of time and money (Flynn, 2008). Project risks – These risks arise because of a lot of other risks contributing to the main risk of a project being delayed or even shelved in certain cases. There have also been instances where proper planning and regulation were absent or goals misunderstood leading to extended timeframes to complete the project thus leading to increased investments of critical resources (Sanchez Canton, 1998). A very good example of project risks can be seen in Government funded public projects or even military developmental projects where public time and money is involved. Confidentiality risk: The second most important risk that may appear in dealing a project is confidentiality risk, it mostly appear due to lack of secrecy. This is especially for the large projects. The information have to be kept confidential, if not the competitors with large team members may understand the work flow/formulae of the project and be able to built the project earlier as before you can. We must be careful especially when we involve contractors or outsiders into the project. Effective project management may help in having a good communication line among the team members, marketing staff, and contractors; this may helps to keep the information confidential (T Kendrick, 2009) Scope risks: This is another type of risk which mostly appears when the project starts to take a shape. This is due to requirement of a new technology, unfamiliar developments of tools or methods, poor testing criteria, inconsistent specification, undefined product definition, and technical complication (T Kendrick, 2009) Delay risks: Delay risk is part of schedule risks and these are after scope risks, these risks mainly appear due to the delay of the essential parts required for a project, it include customs, Paperwork, delivery, and related concerns. This is also due to the delay of information needed, communication gap and misunderstanding among the team members/ project stakeholders, etc. Due this factor the project may delay for some days, months or may be for years (T Kendrick, 2009) Estimating risks: Estimating risk appears mostly in technical projects. Project manager mostly says the typical risks arise in the project is estimating risks. Estimating risks occurs when there are learning curves ( when the quality of estimates of new technology, or new people involvement is not good), judgements (misunderstanding, disintegration of work), and imposed deadlines (forceful deadlines set in advance, when an objective is retained) (T Kendrick, 2009) Dependency risks: Other projects, infrastructure factors, and legal issues are three sub categories of dependency risks. In general large project are sub divided into small projects and mostly these small project will be dependent on the other, unfortunately when one small project is delayed/stopped the other projects which are dependent on it will be delayed. â€Å"Even for the interfaces that were defined in advance, delay was fairly common due to the uncertainty in each project† (T Kendrick, 2009) The above section has detailed the different types of risks that normally exist or co-exist in projects. Their modes of occurrence and the impact they can have on the project and the firm has been explained in brief. The following part would attempt to explain ways that firms, projects and managers involved employ to analyse and manage the same since the occurrence of a risk can pose a threat to the above in terms of time, money or even failure to deliver what has been promised. Analyzing And Managing Risks: Ways to manage risks with limited impact on other resources: Risks are present in abundance in any IT and outsourcing industries because of the processes being tightly interlinked such as business processes, database, or process reengineering. Therefore, it is very important to: Identify risks. Weigh risks for probability of risk occurring. Weigh risks for criticality/impact at your operations. Plan to reduce risk (to zero if appropriate, for example for a safety critical industry) (Sanchez Canton, 1998). A simple way of explaining risk analysis is to take an airplane for example because the traveler, who is the user, has zero tolerance to risks. In similar manner, risk analysis can be carried out for other products and services too. The most important indicative risks are business continuity management risks, information security/data privacy risks and process related risks (Lock, 2001). The need to evaluate and monitor risks involved from an Enterprise Risk Management (ERM) perspective takes higher priority over other means of analysis in the information age of business (Flynn, 2008). It can be seen in the ERM diagram below the different risks across the entire organization that exist or arise and the need for them to be managed effectively (Beasley et al., 2004). An important reason firms should stress on analysing risks is the realization that risks delay chances of sticking to time schedules agreed by project leaders to customers in turn; leading to increased investment of resources in the form of man hours and time (PMBOK, 2004). This causes increase in investment of capital, which is something neither customers nor firms involved like to do. Risks occur at every stage of a project thus increasing stress on carrying out risk analysis and minimize the effects of risks on a given project. It means that risks and errors still occur when thorough analyses of their occurrence have been chalked out and steps have been implemented to minimize the effects they have on a project (Burke, 1999). However, prior knowledge of a risk occurring at a given period in the project enables people involved to counter the risk effectively and minimize or erase the impact it could have had on the project. Before the project could be initiated, assessing risks by knowing in exact what the project intends to do and the reason for it to be outsourced becomes very important. This could include assessing project behaviour under varying market conditions and the expected growth rate it can attain within a given period of time (Dickson, 2003). Risks need to be analyzed in a detailed manner by the top management in order to understand the various options available to conduct a cost-benefit analysis. This understanding and analysis becomes significant in implementing a sound risk management plan. A project taken up poses as a risk in itself to explore opportunities that lie waiting on the other side. Therefore, threats need to be minimized a

Nike Sweatshops Inc Essay

Ethics refer to what is defined as right or wrong in the morality of human beings and social issues are matters which could directly or indirectly affect a person or many members of a society. In this case study, Nike has been accused of subjecting employees in their subcontracted factories overseas to work in inhumane conditions for low wages. The CEO and cofounder of Nike lamented that â€Å"The Nike product has become synonymous with slave wages, forced-overtime and arbitrary abuse.† Initially, the firm purchased two shoe-manufacturing facilities in the United States but eventually had to shut them down due to tremendous loss in profits. Today, practically all of Nike’s factories are subcontracted and located in countries such as Indonesia, Vietnam, China and Thailand, where the labour costs are significantly lesser than those in the United States. The founder of Vietnam Labour Watch, Thomas Nguyen, inspected several of Nike’s plants in Vietnam in 1998 and reported cases of worker abuse. At one of these factories which he inspected, a supervisor punished 56 women for wearing inappropriate work shoes by forcing them to run around the factory in the how sun. Twelve workers fainted and had to be taken to the hospital. He also reported that workers were allowed only one bathroom break and two drinks of water during each eight-hour shift. The ethical and social issues in this case are that Nike unethically takes advantage of these labour markets because it provides them with a higher profit. Nike should also be held responsible for what happens in factories they do not own to a certain degree because low-cost manufacturing has always been their strategy in the market. Although they do not directly own these factories, they should take the initiative to be socially responsible and monitor the minimum working conditions as it would reflect on the company’s image. A living wage is defined by the wage which allows the earner to afford basic needs such as food, shelter and other necessities of life. The labour cost of manufacturing a shoe is $2. 43 while the consumer pays $65 for it. Nike could still afford to pay its workers a living wage without raising its prices to the consumers. Realistically, the wage guideline of the FLA seems more feasible as it is based on a fixed statistic of minimum wage as required by law or the average industry wage, whichever is higher. That being said, the minimum wages of some developing countries are too low and would not provide the benefits of a normal living for the employees. Therefore, the guidelines of the WRC seem more appropriate to me and it would be considerable to take into account the wages of a normal-income employee and follow that guideline. It is unethical for Nike to pay endorses millions of dollars while its factory employees receive a few dollars a day. Sure, it is important for them to market their products and using celebrities and spokespeople would cost tons of money but there are many other ways for them to market their products without the need to exploit the conditions of employees in third world countries. All other major athletic shoe manufacturer also contract with overseas manufacturers albeit to various degrees. Athletic shoe firm New Balance Inc. is somewhat of an anomaly as it continues to operate five factories in the United States. However, New Balance has developed a different marketing strategy in comparison to Nike. They do not use professional athletes to market their products. Instead, they choose to invest in product research and development. New Balance also makes most of their shoes in the United States, paying workers over 30 times what Nike workers get in Vietnam, yet they still make a profit. To achieve corporate social responsibility, Nike should seriously consider the impact of their company’s actions on society. It is an obligation to take actions that protect and improve the welfare of society as a whole, along with their own interests. They should be responsible for the legal, social and philanthropic aspects of its subcontracted factories. They are not paying their employees the legal minimum wage, caring about the working conditions and welfare of these employees and just not taking into consideration the well-being of others. Ten years ago, the company had been subjected to negative press, lawsuits, and demonstrations on college campuses alleging that the firm’s overseas contractors’ subject employees to work in inhumane conditions for low wages. With the introduction of the fair labour association and worker rights consortium, Nike is slowly trying to improve the working conditions on subcontracted factories and hopefully in 10 years, they would be able to re-establish themselves as a morally acceptable company. Nike could have observed the ethical and social guidelines of how an organisation should be managed. They should not have hired minors under 16 to work. And instead of purchasing two shoe-manufacturing facilities in the United States, Nike could have just purchased one plant and see how their operations went before thinking about purchasing another plant. When the firm finally saw success in 1980, eight years after the company was founded, and became the largest athletic shoe company in the world, they could have finally purchased the shoe-manufacturing plants in the United States and it would probably have been a success, without having the need to subcontract factories and cutting the cost of labour just to have a bigger profit. This in turn would not have caused so much negative press that the company has had to deal with so far. For future references, Nike should learn from their past mistakes and treat the subcontracted employees morally, pay them a better wage and improve their working conditions. They should also better manage their subcontracts and not just use them as proxies for Nike to distance themselves from taking any responsibility for the way their factory workers are treated. The subcontractors are considered stakeholders in the organisation and Nike, as the manager, should make it their concern as to what is happening in these factories. Bad press will take a long time to subside and what Nike can do from now is to acknowledge its past errors and become more socially responsible for the sake of their future. Colleges and universities have direct ties to the many shoe and apparel companies that contract with overseas manufacturers. Most universities receive money from athletic shoe and apparel corporations in return for outfitting the university’s sports teams with the firm’s products. What motivates them is the bad image they could be portraying when they wear the firm’s apparel. They could be seen as promoting the cause for sweatshops. The United Students Against Sweatshops (USAS) organisation was formed in 1998 and led by former UNITE summer interns. The USAS staged a large number of campus demonstrations which protest against the university’s contract with Nike due to the firm’s alleged sweatshop abuses. More than 100 students demanded that the university not renew its contract with Nike and rallied outside the office of the university’s chancellor. More than 50 other universities staged similar protests and sit-ins. The reason why their activism is not widespread is because it is hard to get a viewpoint from them that does not reflect that of UNITE. It was claimed that Nike owes $2. 2 million in severance pay to workers in Honduras when two Nike factories were closed. When hounded over their exploitation of workers, Nike released a statement that they are â€Å"deeply concerned†, but cannot assume any responsibility for the actions of their â€Å"subcontractors†. In my opinion, Nike should pay the severance owed. Although they do not own the factories, they are still involved with the overall management and well-being of the workers. At the end of the day, the subcontractors are under the employment of Nike and should be responsible for the employees. Despite its controversial record on the issue of sweatshops and monitoring labour practices abroad, Nike has been the recipient of a variety of corporate social responsibility recognitions over the past several years. Many of these awards are for issues other than their labour practices abroad. They have been named as one of the 100 Best Corporate Citizens for 2010 for Corporate Responsibility magazine and one of 100 Most Sustainable Corporations in the World in 2009. Nike has appeared to be taking actions for mishandling the sweatshop issue as well as they could have and for not adequately monitoring its subcontractors in overseas operations until the media and other organisations revealed the presence of sweatshops. They seem to have realised their mistake of not being socially responsible and are trying to make amends for their wrongdoings.