Planning for Project Implementation Term Paper Example | Topics and Well Written Essays - 1500 words

Planning for Project Implementation - Term Paper Example It is evidently clear from the discussion that the upgrading project of Bayshore community hospital could be faced by numerous challenges which could hinder the success of the project. These barriers could be identified as discussed below. Financing – the project shall be fully financed by the hospital. Though a provisional budget with estimations has been drawn, the years following the beginning of the project shall be financed from cash generated from the project. The projected cash inflow might fail to reach the projected levels; hence financial constraints. The hospital shall undertake intensive marketing for the project to ensure generation of enough capital for the project. The hospital shall also consider borrowing from the financial institution to avoid project failure. Staffing – the intended project might face staff shortage because of the activities involved. During the early stages, the project management team shall undertake training of several hospital sta ff to ensure conformity with the project. This will ensure that the employees remain informed about the project and its details. During implementation, other staff shall be hired for the project to ensure full staffing requirements for the project. Schedule – another barrier which could present surmountable challenge would be the schedule. The time allocated for numerous activities might become limited if problems occur midway. Though this might become inevitable, the project management team shall utilize the developed time budget for the project. During implementation, continuous monitoring shall occur to ensure conformity with the provided time deadlines and schedules. Evaluation of procedures shall be conducted throughout the project life to establish conformity with a schedule.

Impact of Global Recession Essay Example | Topics and Well Written Essays - 2500 words

Impact of Global Recession - Essay Example This all highlights the significance of this fossil fuel. The world market of oil is such that it is highly controlled by OPEC. In fact, OPEC has been thought to behave like a cartel. It especially behaved like a cartel during the 1970s when an embargo was placed on the Western economies, which plunged their economies into deep recessions (Bouchentouf, 2007). In addition, much of the oil supply is located in highly unstable markets, therefore the market of oil is highly volatile (Behr, 2009). The United States is the third largest producer of oil after Russia and Saudi Arabia (Bouchentouf, 2007). However, it consumes the production of oil drastically to support its huge industrial based economy. The United States also imports much of the oil in the world and Japan and Germany are one of the largest importers of oil. The United States and China are currently the largest consumers of oil (Bouchentouf, 2007).Literature ReviewThe sudden decrease in the price of oil as shown in the figure above was because as the recession hit countries all around the world, demand gradually decreased. Because of the drastic decrease in demand, the OPEC to curb the decreasing prices cut down outputs. World oil demand continuously fell across the period from 2008 to 2009. In 2008, world demand had fallen by 0.2 percent, and in 2009, it had fallen by 0.4 percent. The Economist Intelligence Unit (EIU) had predicted at the beginning of the crash, that the ensuing years would see a decrease in the demand.... It has large importance for the world economy. The demand of oil is such that it is inelastic, that means even if the price rises, people would continue to buy it. Oil is indispensable and is a raw material for various other products. However, oil has an inelastic supply as well, that means since it is a non-renewable resource, it will eventually run out. This all highlights the significance of this fossil fuel. The world market of oil is such that it is highly controlled by OPEC. In fact, OPEC has been thought to behave like a cartel. It especially behaved like a cartel during the 1970s when an embargo was placed on the Western economies, which plunged their economies into deep recessions (Bouchentouf, 2007). In addition, much of the oil supply is located in highly unstable markets, therefore the market of oil is highly volatile (Behr, 2009). The United States is the third largest producer of oil after Russia and Saudi Arabia (Bouchentouf, 2007). However, it consumes the production of oil drastically to support its huge industrial based economy. The United States also imports much of the oil in the world and Japan and Germany are one of the largest importers of oil. The United States and China are currently the largest consumers of oil (Bouchentouf, 2007). Literature Review The sudden decrease in the price of oil as shown in the figure above was because as the recession hit countries all around the world, demand gradually decreased. Because of the drastic decrease in demand, the OPEC to curb the decreasing prices cut down outputs. World oil demand continuously fell across the period from 2008 to 2009. In 2008, world demand had fallen by 0.2 percent, and in 2009, it had fallen by 0.4 percent. The