we have been able to generate data which says about the profession of cost estimators (CIMA‚ 2009). Cost‚ time overrun‚ benefit‚ demand and revenue shortfall are the problems of budget does not hit the target for the mega projects (CIMA‚ 2009). Budgeting is defined as “the process of allocating an organization’s financial resources to its units‚ activities and investments” (Blumentritt 2006‚ p73). Although budgets are often stated in terms of money‚ they need not be‚ and can also relate to quantities
Premium Cost overrun Project management Management
Every now and then i see one or the other organisation opposing the metro. No doubt they entitled to their views‚ but do they ever see the benefits any metro brings to cities‚(especillay the crowded ones like bangalore‚ mumbai etc) Let me quote a few points from PIB regarding the delhi metro‚ i am sure such benefits will accrue to bangalore also once the metro is complete „« Fuel cost saving: The annual saving on account of reduced fuel consumption will be Rs.180.89 crore in 2009‚ more than double
Premium Rail transport Carbon dioxide Train
will be financed in part by debt‚ should the cash flow analysis include the interest expense? Incremental cash flow is the additional operating cash flow that an organization receives from taking on a new project. A positive incremental cash flow means that the company ’s cash flow will increase with the acceptance of the project. Cash flow analysis should not include the interest expense. We discount project cash flows with a cost of capital that is the rate of return required by all investors
Premium Net present value Cash flow Generally Accepted Accounting Principles
Metro Ethernet Disclaimer; this is intended to be an introductory technical article; certain details have been excluded in the interests of space and clarity. Network design examples are presented to illustrate specific technical points and are not intended to fully complete. Historically WAN’s (Wide Area Networks) and LAN’s (Local Area Networks) have relied on independent technologies. At a physical layer WAN technologies today continue to be based largely on legacy TDM systems that were built
Premium Ethernet Local area network
budget is a key management tool for planning‚ monitoring‚ and controlling the finances of a project or organization. It estimates the income and expenditures for a set period of time for the particular project or organization. The main purpose of budgeting system is used for control. Budget has it own essential features‚ which includes policies‚ data‚ documentation and period. A budget id based on the policies needed to fulfill the objectives of the entity. Data is usually expressed in monetary terms
Premium Management Time Economics
ENVIRONMENT AND AESTHETICS The Delhi Metro has won awards for environmentally friendly practices from organisations including theUnited Nations‚RINA‚ and theInternational Organization forStandardization‚ becoming the second metro in the world‚ after theNew York City Subway‚ to beISO 14001certified for environmentally friendly construction. Most of the Metro stations on the Blue Lineconductrainwater harvestingas an environmental protection measure. It is also the first railway project in the world
Premium Optical fiber Network topology
are companies out there that make $50 million dollar mistakes. “How ABC Was Used in Capital Budgeting” examines how one Fortune 500 company almost made what could have been an extremely devastating $50 million dollar mistake by carrying out a “cybermall” project based on favorable business case forecast results. Luckily‚ upper management was willing to allow their Chief Financial Officer to conduct further analysis before making this investment decision. This article examines an industry leader
Premium Finance Economics Investment
addition‚ the remaining 15 to 20 percent of these funds are impacted by educational mandates at the federal‚ state‚ and local levels (Ellerson‚ 2010). Therefore‚ educational leaders are experiencing an increase in the importance of intentional budgeting that improves instruction and promotes student achievement. The federal‚ state‚ and local levels of government are all involved in the school budget. The United States Department of Education and Congress manage federal education funding and policy
Premium Education Teacher High school
Irina Vanessa Lintermanns Verschüer A01200345 September 26‚ 2011 Homework: Questions of budgeting 1. Discuss some of the major benefits to be gained from budgeting. It motivates the executives to define the basic objectives of the company‚ it gives a structure to the company by defining the responsibilities of each of the parts that forms the organization‚ it motivates and rises the participation of all workers of the company‚ it obligates to maintain a control document with historical
Premium Management Budget Time
Mumbai Metro One Pvt Ltd (MMOPL) is a joint venture company formed by Reliance Infrastructure‚ Veolia Transport and the Mumbai Metropolitan Region Development Authority (MMRDA) based in Mumbai‚ India. It is the operator of Mumbai Metro‚ a rapid transit system under construction in the Indian city of Mumbai.[1] The joint venture bagged the contract for the 2‚356 crore (US$400 million) for building a 12-km metro line between Versova-Andheri-Ghatkopar.[2] In October 2008‚ MMOPL had signed the loan agreements
Premium Mumbai