The Nature and Scope of Managerial Economics Dr. Mohammad Abdul Mukhyi‚ SE.‚ MM Economics is the social science that studies the production‚ distribution‚ and consumption of goods and services. Managerial economics (sometimes referred to as business economics)‚ is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such‚ it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such
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Scope Creep in the Project Management By Raul Bernardino Introduction: The importance part of project success and project deliverable are clear defining the project scope. In any project‚ the scope has to be defined in which to state what things that are include and exclude in the project. In the theory the scope should not be crept because it has to be defined in the very beginning of the project planning. However in the reality the scope is creeping according to the needs or change control in
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‘Scope Creep’ and Scope Change Control In Scope Management Process Student’s Name : Srinivasan Lakshmanan Chettiar Table of Contents Introduction 2 ‘Scope Creep’ 2 Forms of ‘Scope Creeps’ & its impact to 2 Project objectives Scope Change Control 3 Project Out line 5 Project/Product Description 6 Applicability of Change Control Process 8 Conclusion 8 References 9 Appendix
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1 NMIMS Management Review 2004‚ Vol 16 No 1 & 2‚ pp. 1-6. Impact of Gender and Transformational Leadership on Organizational Culture Shelly Kawatra and Venkat R. Krishnan Abstract. An experiment was conducted to study the impact of leader’s feminine traits and transformational leadership on organizational culture‚ using a sample of 109 MBA students from a leading management institute in India. A 2x2 design with four leadership scenarios—transformational feminine leader‚ transformational masculine
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Project scope is the parameter of the project. It defines what are the deliverables‚ requirements and expectations for the project and provides a baseline to exclude unrelated works. The project manager’s job is to ensure all necessary works for the project success are included. And this process is referring to as the project scope management. Project scope management involves six processes‚ which are planning scope management‚ collecting requirements‚ defining scope‚ creating WBS‚ validating scope
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PROJECT SCOPE STATEMENT[1] Note: Any work not explicitly included in the Project Scope Statement is implicitly excluded from the project. |Create links to referenced documents (e.g.‚ Link_To_… ) by using Insert ( Hyperlink on your toolbar. | | | |Note that all documents that are linked to the Scope Statement
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Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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Scope Management Joshua Griffin Herzing University Scope Management describes the processes required to ensure that the project includes all the work required‚ and only the work required‚ to complete the project successfully. It consists of initiation‚ scope planning‚ scope definition‚ scope verification‚ and scope change control. What does it involve?Also‚ what ’s its true benefits? Scope Management can also be described as strategic plan used to ensure that all the required work and only
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Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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Scope of Economics ‘Scope’ means the sphere of study. We have to consider what economics studies and what lies beyond it. The scope of economics will be brought out by discussing the following. a) Subject – matter of economics. b) Economics is a social science c) Whether Economics is a science or an art? d) If Economics is science‚ whether it is positive science or a normative science? a) Subject – matter of economics: Economics studies man’s life and work. It does not study how a person
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