Enhancing Managerial Skills- Managerial accounting Assignment

Upgrading Managerial Skills-Managerial bookkeeping - Assignment Example They utilize this data to estimate the business development since it settles on it conceivable to put together their choices with respect to realities accumulated from information gathered about the business. This causes business substances to beat future difficulties that may make it hard for the business to work effectively (Dopson, 2009). The achievement of any business lays on appropriate arranging. A decent spending will empower the association accomplish its ideal results. An administration bookkeeping course outfits directors with the imperative aptitudes expected to settle on educated choices in regards to the absolute most basic business exercises that include arranging, sorting out, and controlling. This is on the grounds that administrators can foresee and conjecture incomes and costs of the business in the arranging procedure to settle on educated choices that push the business ahead. Administrative bookkeeping aptitudes empower supervisors to adjust quickly to the changing industry world.. The aptitudes outfit chiefs with information expected to convenient react to these fast business changes. This is on the grounds that it isn't constrained by bookkeeping standards rather it gives chiefs the chance of unique speculation to show up at opportune choices. Administrative bookkeeping has demonstrated inescapable in each part of business movement. This is on the grounds that organizations can't push ahead without legitimate arranging and the capacity to foresee and gauge business patterns help in showing up at educated choices that help the business accomplish its ideal

Climate change Essay Example | Topics and Well Written Essays - 750 words

Environmental change - Essay Example Analysts have the view that the temperature has ascended by 0.8 - 1o on the Celsius scale all around. The expansion in the temperature may look little however it might get a greater distinction a portion of the temperature touchy situations. The liquefying of the Atlantic Glaciers and ice sheets at some different areas delineates the circumstance because of the environmental change. Environments and Climate Change Ecosystem assumes a huge job in molding the vocation of the earth. In any case, the watched impacts of the environmental change are not such antagonistic that are assessed, as a portion of the creatures have the capacity to alter with the environmental change. A portion of the life forms inside the island biological system, for example, coral reefs are abundantly impacted with the little degree ascend in the temperature (FAO 3-79). Like the Pacific Island’s mangrove zone may decrease from 1% to 13% as the temperature increments from 2o to 4o. In the Islands at higher heights, the temperature increment is making the show soften and along these lines imperiling a few animal groups by expanding the measure of obtrusive species. Besides, the expansion in the degree of the ocean water may turn into an explanation behind the fading of the coral reef and affecting the multiplication of the coral reefs and along these lines reducing the life of the coral reefs. Coral reefs are significant in turning into an explanation behind giving different species like fish, haven and food. Biodiversity can be affected by the occasions, for example, the violent winds, where the redundancies of the typhoons are expanded. With only an expansion of 2% in the temperature, the powers of the violent winds are expanded by 12 or 15% (IFAD, n.pag.). Besides, the environmental change affected the age of ice over the... Characteristic procedures setly affect the earth’s atmosphere; be that as it may, the usage of the petroleum product sources to create vitality has delivered numerous issues. The most recognized issue of the consuming of the petroleum product is the emanation of the green house gases. The green house gases are named due to being able to trap the sun oriented radiations inside the earth’s environment within the sight of water fumes in the climate. Thusly, the sun oriented radiation never return to the space and continually warm up the earth’s climate. The green house impact is made falsely in the green houses to build up certain plant species. Human movement is the significant reason for the environmental change. The use of the petroleum derivative assets to achieve vitality is profoundly affecting the earth’s atmosphere. There is a need diminish the usage of the non-renewable energy source assets, as petroleum products produce green house gas emanations th at are fit for catching the sun based radiations. It is prescribed to use the manageable and inexhaustible assets to create vitality like sun oriented, wind, geothermal, hydropower, and so on as reasonable and sustainable assets produce no or minimal green house gas emanations. In the event that it isn't practical to use the inexhaustible assets, the non-renewable energy source assets that lave lower level of emanation must be used like petroleum gas is superior to both coal and oil, as it has lower amount of discharges. There is have to control the environmental change for the presence of the human life and for the presence of our planet.

Beginning Essay Writing - Getting Started

Beginning Essay Writing - Getting StartedBeginning essay writing doesn't have to be difficult. If you follow a few basic guidelines, you'll quickly write your first essay and start to master this difficult art. The key is to get the basics right, and then to apply what you've learned over time as you write more.You can start off by writing an introductory essay. In this first chapter, you are going to want to introduce yourself and what you hope to accomplish with the assignment. You may write a basic introduction, or you may have a bit more to say in order to provide some additional context. Either way, make sure that it's interesting and well written.To start with, your essay is going to have to focus on an issue, something that you feel strongly about. Since you're beginning essay writing, you should probably start with an issue that you already care about. It may be a hobby, a subject you are passionate about, or anything else that you feel very strongly about.You'll also want to avoid starting your beginning essay with some kind of conclusion. Once you have introduced the topic, you should spend some time describing why you believe the topic is important. This will help the reader see how well you understand the topic, and you can use this insight to support the rest of your essay. You may also want to take a minute to reflect on what you are trying to say.In your introduction, you will need to write a brief paragraph. This will not only introduce you but also give a simple summary of what you are writing about. After the introduction, you should then turn to the next part of your essay, the body of the essay.The major sections of your essay will include the first paragraph, a main argument, a sub-argument, and a conclusion. The first paragraph will be where you introduce yourself, then you will introduce your topic, and then you will summarize what you've written. You can also use this space to put in a little personal opinion. It is important that you ar e not afraid to be yourself in this section, especially if you are a freshman in college.The next portion of your beginning essay will be the main argument. Here, you should discuss the actual facts of the story. Do not try to convince the reader; instead, just present your idea, and then allow the reader to form their own opinion. For example, if you are writing about a specific political candidate, explain why you think he or she is a good choice for president.Your concluding paragraph is the last thing in your beginning essay. Here, you can provide some personal information or a quote from someone important. Don't be afraid to use the first person, too. Finally, you should conclude with a conclusion or statement of what you hope to accomplish with the essay.

Managing Change of British Petroleum Essay - 4075 Words

managing change in british petroleum CONTENTS: * A view of British Petroleum * A brief description of BP incident in the Gulf of Mexico. * Critical Evaluation of Potential changes that may take place in BP * Evaluation the importance of change and Potential problems when implementing change * Evaluation the effectiveness of BP strategy for managing change within the organisation * Conclusion * A view of British Petroleum British Petroleum also known as BP Amoco is one of the largest petroleum industries located primarily in London. It is regarded as one of the top four petroleum and oil petroleum firms and establishment in the global market. BP plc (British Petroleum) is an†¦show more content†¦Efforts by multiple ships to douse the flames were unsuccessful. After burning for approximately 36 hours, the Deepwater Horizon sank on the morning of 22 April 2010. As a result, the drilling riser running from the wellhead on the ocean floor up to the oil rig was destroyed. 24 April, Landry announced that a damaged wellhead was indeed leaking oil into the Gulf and described it as a very serious spill. BP has not given a cause for the explosion. According to the US Congressional investigation the rigs blowout preventer, a fail - safe device fitted at the base of the well, built by Cameron International Corporation, had a hydraulic leak and a failed battery, and therefore failed. * Spill flow rate To date, almost 116,000 claims have been submitted and more than 67,500 payments have been made, totalling $207 million. The cost of the response to date amounts to approximately $3.95 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. On June 16, BP announced an agreed package of measures, including the creation of a $20 billion fund to satisfy certain obligations arising from the oil and gas spill. * Spill area Offshore oil and gas in the US Gulf of Mexico is a major source of oilShow MoreRelatedBritish Petroleum: Analysis of the Different Management Leadership Styles1506 Words   |  6 Pagesand Motivation Abstract In this paper, we will analyze British Petroleum which is a well known multinational firm. We will also assess the working culture of Britain which will mainly focus regarding its workforce and then provide some motivational strategies which can be linked with better productivity. Finally we will recommend different management leadership styles that would best fit our chosen firm. Overview British Petroleum is a well renowned multinational oil and gas firm which hasRead MoreBritish Petroleum1639 Words   |  7 PagesGoode February 4, 2015 Week 4 Assignment 1 Professor Richard Carrol BUS 475 Business and Society Introduction The Anglo-Persian Oil Company which is now known as British Petroleum (BP) was founded in 1909 and is one of the world’s leading international gas and oil companies. The multinational British company’s headquarters is located in London, United Kingdom and is one of the five largest oil companies in the world. The pioneer of the Middle Eastern oil industry, BP discoveredRead MorePetroleum And Natural Gas Exploration Essay1701 Words   |  7 Pages Executive Summary April 20, 2010 was the beginning of the end for British Petroleum. BP was started in 1901 by William Knox D’Arcy. Their mission is to operate oil and natural gas exploration, while marketing and distributing all over the globe. The primary issues the company faces are rebuilding their business after the tragic oil spill, their low oil prices and internal leadership promotions. Following the 2010 oil spill, all of BP’s top executives were fired, and the company has continuedRead MoreExxon Mobil1642 Words   |  7 Pagesairports and seaports can not use alternative energy in their endeavors. Competition Although Exxon is the largest fossil fuel producer they do have some competition with British Petroleum, Royal Dutch Shell and Chevron. These companies’s do not have the same output as Xom, but some might say they are ahead in many ways. British petroleum (BP) has been doing a lot with alternative energy for the future unlike Exxon which has mainly focused on gasoline. Shell has also made some large landmarks in alternativeRead MoreEssay About Greenwash1287 Words   |  6 PagesFirstly, greenwashing activities help to attract customers so that profits can be remarkably increased (Berkeley Media Studies Group 2008, p.20). According to Solman (2008, p.24), British Petroleum (BP), a well-known oil company, profited from the rebranding effort as the corporation changed its name to Beyond Petroleum which can be associated with nature. Meanwhile, greenwashing can help to improve a company’s reputation (Solman 2008, pp.22-23). For example, Solman (2008, pp.22-23) states that BPRead MoreAnalysis of Recruitment and Selection Process3149 Words   |  13 Pagesquantitative or qualitative. In this report quantitative information is involved. 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It is recognizedRead MoreIct Used By Petrol Stations Essay1166 Words   |  5 Pagesconvenience to your customers and higher throughput during peak-times for you. The G6 OPT offers many features at lower costs with value-added services which are easier and makes the payments faster. 3. Point of Sale (POS): POS helps companies in managing the fuel retail business. It combines large touch screen graphic display interface with software tools which allows the company to connect to other systems like dispensers, indoor and outdoor payments, CCTV, tank level gauges, back office and carRead MoreHess3375 Words   |  14 PagesRefining (Mamp;R) as well as Exploration and Production (Eamp;P) operations in 23 countries. They have a concentrated focus in the exploration, production, purchase, transportation, and sale of crude oil and natural gas as well as markets refined petroleum products, natural gas, and electricity. This company owns thousands of Hess gas stations, which include small convenience stores or Dunkin Donuts stores, throughout the East Coast of the United States to hundreds of thousands of acres of land inRead MoreExploration And Production Of Petroleum1780 Words   |  8 Pagesoil rose and regulations on the prices of oil became nonexistent (Congressiona l Digest 2010). The petroleum industry continued to spread through open waters. By the 1950s â€Å"oil became the second-largest revenue generator for the country† (Congressional Digest 2010). Advancements in technology resumed to progress and grow throughout the years allowing for easier â€Å"exploration and production of petroleum in deeper water† (Congressional Digest 2010). In 1969 crude oil was poured out into the Dos Cuadras

The Society Of England During The 19th Century - 1696 Words

The society of England in the 16th century was rife with problems. Enclosure of land (while important for the later Industrial Revolution) forced many peasants off the land and into cities, where they suffered in poverty. Many people thus often did not have enough to eat, which was heavily contrasted by the lavish lifestyles of those of status. Due to the general poverty and joblessness, crime was rampant, especially thievery (for which the punishment was often death). In response to these problems, Thomas More in 1516 wrote the treatise Utopia. In Utopia, More writes to address the issues of vagrancy, religious unrest, and societal disharmony in English society during his time, a goal he achieves (in the context of Utopian society), but at a cost. Vagrancy and idleness was a prevalent issue in 16th century. Due to the shortage of work available, many a man would sit about being unproductive (which often lead to committing crimes when combined with poverty). The island of Utopia fixe s this issue, ensuring all Utopians are productive in some capacity at all times. Agriculture, the lifeblood of civilization, is sustained in Utopia by way of the rotation of Utopians on and off farmland in two-year cycles. This rotation allows all Utopians to become proficient in agriculture, so that, â€Å"[those who] dwell in those country farms are never ignorant of agriculture, and so commit no errors which might otherwise be fatal and bring them under a scarcity of corn† (More 24). The rotationShow MoreRelatedPride And Prejudice By Jane Austen1384 Words   |  6 PagesHISTORY 1401E May 26, 2015 Discussion Paper - Pride and Prejudice Pride and Prejudice written in 1813 by Jane Austen tells the story of The Bennet’s and their five unmarried daughters. The family live as part of the lower gentry in early 19th century England. With that being said, Mrs. Bennet’s primary focus in life is to ensure that all her daughters are married, preferably to wealthy men. The book begins with Mrs. Bennet seeing an opportunity for her daughters to be married as Mr. Bingley, aRead MoreSocial Classes, Prostitution and Jack the Ripper in the 19th Century England1227 Words   |  5 Pages After the Age of Enlightenment in the mid 18th century in England, the tension between the social classes intensified even more. A huge gap generated between the aristocrats and the working class, but dozens of new layers of society appeared. While the rich lived to the fullest, the lower class starved and needed to find alternative ways of money making. Prostitution became more and more widespread, which lead to an inequality and soci al stratification between poor and rich and due to the economicalRead MoreCrime and Punishment934 Words   |  4 Pagesthe citizens. Additions were made over time, new courts were developed during the roman empire and a degree of uniformity was consequently imposed over much of Europe. From the 5th century AD and the great migration of people swept across Europe new customs and forms of law were established. Some historians argue that you can’t really talk about criminal law much before the 12th century because it was in the 12th century that Roman law specifically the Justinian code was revived. It wasn’t untilRead MoreHow Did Industrialization Affect The Industrial Revolution1247 Words   |  5 PagesThe turn of the 19th century delivered a considerable amount of change as a result of the Industrial Revolution. While the majority of modifications began in England their effects could be felt throughout Europe. The development of more efficient and mechanized tools to further industry, specifically the textile industry, became common place in England during the later part of the 18th century and the early part of the 19th. As society moved from an agriculturally based economy to an industrialRead MoreEssay on Western Civilization1179 Words   |  5 Pagesterms of progress, they will be religion, humanism, individualism and secularism. I will discuss these concepts wit hin the countries of England, France, and Russia, and show my point of view on each. Religion was very dominant throughout the early history in England, especially during the 16th and 17th centuries. This started to change during the late 17th century, when people started focusing more on human reason rather than religion. One of the reasons that people started losing their faith inRead MoreThe Great Expectations Of The Industrial Revolution1528 Words   |  7 Pagesyears, families put their children to work in whatever labor was necessary for survival; only wealthy and powerful children were able to avoid this fate. In 19th Century England, children of lower class were to work long hours in factories, warehouses, and coal mines for low wages and little food. They also were considered by most societies to be property of their parents. Children had little protection from governments who viewed them as having little to no civil rights outside of their parentsRead More Effects of Industrialization and the Conditions of the Working Class in England1278 Words   |  6 PagesEffects of Industrialization and the Conditions of the Working Class in England In the middle of the 19th century the industrial revolution was flourishing in England. With all of the advancements in machinery there would be new opportunities and drawbacks for citizens. Many would leave their lives on the farms and work in factories with unsafe settings. Karl Marx felt that the new advancements in society were able to support the fourth stage of human development, Communism. AlongRead MoreJane Austen s Pride And Prejudice1461 Words   |  6 PagesIn today s society, many social issues plague individuals and communities around the world due to their injustices. In most cases, these social issues can be traced back years, and even centuries. It can be surprising to realize that these injustices continue to occur in today s world just as they have for several years. Arranged marriage is a social issue that regularly occurred during the Romantic period in England and continues to be an issue today’s cultures and society, causing the unhappinessRe ad MoreThe War of the Worlds by H.G. Wells 1692 Words   |  7 Pagesthese Marxists beliefs, H.G Wells exemplifies the bourgeoisies and the proletariats, through the Martians and the humans, so as to illuminate and emphasize the destruction being caused by the imperialistic expansion of Great Britain, during the turn of the 19th century. Hence, Wells is welcoming us to denounce socioeconomic forces, along with criticizing imperialism by revealing its destructive nature through the Martians attack on the population of Great Britain. Additionally, in order to gain aRead MoreImportant Events of the Middle Ages654 Words   |  3 Pagesand modified into the 19th centuries. King John put his seal on the document, equivalent or better than a signature, in an attempt to prevent civil war in England. Forty barons confronted the king and coerced him to concede to their various demands, which are outlined in detail in the charter. As an attempt to prevent civil war, the Magna Carta failed as a few months after the agreement was made, Pope Innocent III overturned the Magna Carta, and civil war ensued in England anyway. The barons wrote

Cash Management Comparison - 1107 Words

Cash Management Comparison Many organizations make a financial goal to minimize the amount of cash on hand on a monthly basis. This goal is based on attempting to reduce the amount of non-earning assets for the company. Cash on hand that is not required to meet a specific need could be placed in an interest bearing account or used to pay down on a credit balance, also reducing the amount of interest a company would have to pay on a loan. â€Å"Minimizing cash balances as well as having accurate knowledge of when cash moves into and out of the company can improve overall corporate profitability.† (Block Hirt, 2004, pg. 175). As companies find a need to supplement business financial goals, obtaining credit or loans on a short-term basis is†¦show more content†¦186) Similar in concept to T-Bills, but different in the length of term are the Treasury Notes. â€Å"Treasury notes are government obligations with a maturity of 1 to 10 years, and they may be purchased with sh ort- to intermediate-term funds.† (Block Hirt, 2004, pg. 186) After federal government securities the next tier risk wise is federal agency securities. Examples include Federal Home Loan Banks and the Student Loan Marketing Associations that lack the â€Å"direct backing of the U.S. Treasury, they are guaranteed by the issuing agency and provide all the safety that one would normally require.† (Block Hirt, 2004, pg. 187) Non-governmental securities provide the most amount of risk but also carry the possibility for the highest return of the three categories described. â€Å"Certificate of deposit (CD), offered by commercial banks, savings and loans, and other financial institutions. The investor places his or her funds on deposit at a specified rate over a given time period as evidenced by the certificate received.† (Block Hirt, 2004, pg. 187) â€Å"Comparable in yield and quality to large certificates of deposit, commercial paper represents unsecured promisso ry notes issued to the public by large business corporations.† (Block Hirt, 2004, pg. 187) With the deregulation of financial institution money market accounts, which are modeled after moneyShow MoreRelatedFinancial Research Report On Financial Management1711 Words   |  7 PagesStericycle Beginning as a medical waste management system, Stericycle (SRCL) got its start in 1989 at Lake Forest, Illinois after Congress passed the Medical Waste Tracking Act of 1988. Today, SRCL is the largest domestic provider of regulated medical waste management to large-quantity generators (such as hospitals and pharmaceutical companies) and small-quantity generators (such as medical and dental offices). They offers services such as regulated waste management and compliance solutions and have expandedRead MoreAnalysis Of The City Of Charlottesville 2010 Annual Comprehensive Plan Essay949 Words   |  4 PagesMultiyear Plans and Analysis Introduction After review of the City of Charlottesville 2010 Annual Comprehensive Plan, an analysis will be prepared. This paper will analyze the comparison of ratios. The measures of liquidity will be analyzed. This paper will also analyze the long-term solvency and the asset management rations for the agency. Analysis Financial Statement for Guilford County Department of Social Services FY 2010 1. Current ratio Current assets $ 97Read MoreEvaluating the Financial Health of Wal-Mart Stores, Inc1737 Words   |  7 Pages Inc. is a discount variety business that began small and has grown into a worldwide multibillion dollar industry within the forty eight years of operation. 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Additionally current assets, also, includes the accounts receivable, the inventory, the prepaid expenses, as well as, any further liquid assets wh ich easily convert to cash within a span of time, usually oneRead MoreApple Inc: Business Analysis916 Words   |  4 Pages43 Revenue/ Average Total Assets 1.07 0.74 0.60 0.46 Assessment The relevance of the return on assets ratio (ROA) cannot be overstated when it comes to the measurement of a business entitys profitability relative to its total assets. In comparison to its competitor, Apple has within the two years under consideration maintained a higher ROA ratio. This is an indication that Apples assets are being utilized more efficiently than those of Google in the generation of profits. 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Human Resource Training for Real Home Electronics Company Limited

Question: Discuss about the Human Resource Training for Real Home Electronics Company Limited. Answer: Project definition and scope The project report is based on Real home of Electronics Company limited, one of the largest electronics supplying company in the world based in the United States which carried out a general training of its employees to increase on their techniques and skills. The company has a team of employees who supply and distribute the company products to the respective clients/ products both online and physically stores (Rosacker and Rosacker 2010, p.590). By organizing this training, the company was able to improve on the skills of its employees to meet the professionalism in relation to their respective department or field of operation. The training also helped in developing mentoring the interpersonal skills to meet the demands of many clients who need to access the company services from its offices (Davis and Venkatesh 2004, p.40). Project life cycle For the project to be completed, it passed through the following process; The project manager and the project team first defined the project scope, described the schedule and analyzed the costs that were likely to be incurred before the project execution began. The project plan was developed by describing different phases which the project underwent and identifying the beginning and ending date of each phase. After the completion of the phases, all the exercises done during the project were analyzed and the general meeting was held for the closure of the project (Nolan and McFarlan 2005, p.96). Unique feature of IT management The project managed well its information technology and the following were the features of the management of the IT. Software management; in the project, the intangible component were managed in the human resource training project by following the complete procedures of development from requirement gathering to maintenance according to the methodology that were chosen. Hardware installation; this was done by choosing hardware configuration that were compatible to the applications that were to be installed in accordance to the user demands. Network upgrading; this was done by improving on the network performance during the project development. Cloud computing; in IT management, this was essential to let the team use files and applications over the internet. Scope management During the implementation of the project, the scope was defined, documented and approved by the appropriate personnel who were responsible, that is the project manager and the project team members. It was protected from unauthorized changes which would be edited, approved and validated by the project stakeholders with different intentions. There was a lay down of the work that was to be done to ensure the deliverance of the service in the project and the scope statement was broken into smaller and more manageable components (Chen and Popovich 2003, p.680) Time management The project manager and team members clearly drew a schedule of how the time would be managed during the execution of the project and identified how different activities were to be executed in a specific duration indicating the start and end date. Below is the time management schedule for Real home of Electronic limited during the execution of the human resource training project which took over 60 days; ACTIVITY DURATION START AND END DATE Publication of the project proposal to all the companys employees 2 days 1/5/2017-2/5/2017 Selecting the project management team and presenting the team to the human resource office of the company 13 days 3/5/2017-16/5/2017 Designing the project scope by the project manager and the team 3 days 17/5/2017-19/5/2017 Defining the aims and the objectives of carrying out the project by the project management team 2 days 20/5/2017- 22/5/2017 Announcing of the Beginning of the training 1 day 30th May 2017 Implementation of the project 30 days 31/6/2017-29/6/2017 Project closure 2 days 29/6/2017- 30/6/2017 Cost management The project management team kept track of the cost that were likely to be incurred during the project execution as it was a basic key for the project success. They determined the efficiency and value enhancement and therefore the project team acknowledged the activities that were due to take place and estimated the resources that were needed to complete these activities with the aim of fulfilling the project desirable goals and objectives. In this, the team made use of the work breakdown structure (WBS) in a critical analysis and evaluated the costs that were likely to come up during the project execution as follows; Activity to take place estimated cost Organizing different meetings to select the project team-------------------------------------- 3,000$ Purchasing equipment for training such as computers, Installing software------------------------------------------------------------------------------ 20,000$ Hiring experts and consultants---------------------------------------------------------------- 40,000$ Other costs during the Training--------------------------------------------------------------- 10,000$ Total 73,000$ Quality management Quality was managed by setting the standards, goals, and expectations of the outcome of the project and the project team followed the quality management process, that is to say, quality planning, quality assurance review and quality control where, likely expected risks were handled by monitoring, forecasting and overseeing all the tasks and activities that would take place in the project management plan. For the purpose of quality management, the project team broke down tasks into smaller units which were easily managed (Melville et al 2004, p.300). Human resource management During the project, the human resource was managed by assigning each stakeholder different roles and activities as follows; The board of directors were responsible to make decisions for the running of the project. The project executive director was responsible for passing the decision made by board of directors. The project sponsor was responsible for providing the funds used in implementing the project. The managers for example functional managers were responsible to head the project execution. Communication management During the development of the project, Communication was managed by planning, monitoring, controlling and revising all communication channels within the project by realizing the importance of effective communication for the stakeholders and the need of exchanging information with them and providing an efficient two way communication in the project. The manager was responsible for limiting communication to a certain extent (Carvalho et al. 2003, p.260). Risk management Being a large scope project, it was likely to face some risks such as inadequate funds to hire experts to do the training of the employees, purchasing equipment and scholastic materials among others. The project management handled these risks by identifying, recognizing and describing these risks, after identification, the risks were analyzed to know how they can affect the project, they were then evaluated and tested and finally the team monitored and reviewed the risks and proposed a solution to reduce their effects on the project (Tohidi 2011). Procurement management The project team managed procurement by purchasing the equipment from outside suppliers and receipts for those requirements were processed, approved and reviewed. For this purpose, procurement were conducted, controlled and closed (Kerzner 2013). This was done by collecting seller response and approving contracts, monitoring contracts and completing the project procurement. Project failure and success Like any other project, this human resource training project registered some failures and success as it is discussed below Successes Project sponsors; there was acquisition of sponsors who invested in the project and reduced on the costs required to complete the work. The executive director of the company was able to approve the proposal of hiring the experts/ consultants to undertake training of the human resource given the fact that there was need to improve on the quality of services offered to the customers (Burke 2013). Realistic project schedule; the project team made a schedule of time, budget of resources which enabled the completion in an appropriate time. Expert project manager. It is typically true that the success of any project depends on the ability of the project manager to effectively coordinate the execution of different project activities. It can therefore be registered as an achievement as there is guarantee of the project success (Schwalbe 2015). Failures; Wrong team organization, the project got some failures due to the poor selection of the project management team for example managers who have got inadequate experience in project management, however this was reduced by drawing a team organizational chart and removing some of the wrong person involved in the work Poor motivation; the selection of poor motivated team limited the success of the project and this was reduced by the provision of attitude and motivation towards the work to be done. Wrong methodology; the project success was also limited by wrong method used in implementing the project which made the team to call up other project teams in different companies to always choose a suitable methodology. Environmental aspects; the environment sometimes limited the training such as the winter which likely made some of the project objectives unreachable (Robbins et al. 2008) Conclusion After the above assessment, there was an analysis of every activity that took place in the project and the manager drew a report for the whole work done and called a general meeting of the board of directors and the project team for closing the project work. References Burke, R., 2013. Project management: planning and control techniques.New Jersey, USA. Carvalho, M.M., Laurindo, F.J. and Pessa, M.S.P., 2003. Information Technology Project management to achieve efficiency in Brazilian Companies.Managing Globally with Information Technology, Hershey, pp.260-271. Chen, I.J. and Popovich, K., 2003. Understanding customer relationship management (CRM) People, process and technology.Business process management journal,9(5), pp.672-688. Davis, F.D. and Venkatesh, V., 2004. Toward preprototype user acceptance testing of new information systems: implications for software project management.IEEE Transactions on Engineering management,51(1), pp.31-46. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Melville, N., Kraemer, K. and Gurbaxani, V., 2004. Information technology and organizational performance: An integrative model of IT business value.MIS quarterly,28(2), pp.283-322. Nolan, R. and McFarlan, F.W., 2005. Information technology and the board of directors.Harvard business review,83(10), p.96. Robbins, S.P., DeCenzo, D.A. and Coulter, M.K., 2008.Fundamentals of management: Essential concepts and applications. Upper Saddle River, NJ: Pearson Prentice Hall. Rosacker, K.M. and Rosacker, R.E., 2010. Information technology project management within public sector organizations.Journal of Enterprise Information Management,23(5), pp.587-594. 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