Wednesday, February 26, 2020

Significance of stakeholder management in construction projects Essay

Significance of stakeholder management in construction projects - Essay Example This research will begin with the statement that construction projects result in a product like residential buildings, dams, parks etc. that is further utilized to house a number of other products. A construction project may impact several interests positively or negatively. Positive impacts may include high quality living and better facilities, while negative impacts may comprise deterioration and change to environment not only at construction site but on all levels. Those impacted by the project are referred to as project stakeholders. A stakeholder is a person or a group whose interests are affected by the execution or operation of a project. They may exert influence over the project through their attributes of power, legitimacy, expertise and urgency but may not otherwise be considered as stakeholders. Generally, there are five key stakeholders in every project: project manager, performing organization, team members, sponsor and end user. However, geographical differences and nat ural events directly affect the successful execution of the construction project and may involve a number of unique stakeholders like environmental and community groups being effected by the building process or its operation after completion and may not be involved in other type of projects. Similarly, regulatory agencies who control certain aspects of the construction by issuing permits and certificate are also key stakeholders. These stakeholders, if not managed well, can influence the project by delaying, changing the scope and even cancelling the project.

Monday, February 10, 2020

In the document I upload Essay Example | Topics and Well Written Essays - 1500 words

In the document I upload - Essay Example It would have been long term as it has lead to an anticipated economic growth with up to 2% within duration of 2 years. Therefore, the government should fast track the adoption of laws to avert the expiration of this tax relief and this time make it even more lasting as the testing face of the laws have proved fruitful. To do this they need the support of the major opposition, the Republicans. This is because for many households’ tax rates under the Obama’s administration has been much lower and affordable as compared to the same in Bush administration. This is despite the fact that they were introduced simply as stimulus laws. The extension of such tax cut measures will ease life for the households and extend support to the ailing economy. Second assignment How to avert tax increases if averting tax cliffs will not work The owing automatic rise in the tax rates of the American households have the impact of negatively affecting the lives of the Americans in terms of the ir welfare socially, politically and at most economically. The Obama’s administration is majorly left with the option of allowing the payroll tax systems established 2 years ago to elapse in its efforts to solve the fiscal cliff. This is though likely to have a negative impact on the social security funds by the U.S. wage earner by lowering their share in the said funding system by a clear 2 percent increasing the taxation of the household by $ 1,000 a year for earners of $50,000 annually. This act should though be progressive so that the impact on the wage earner is uniformly felt. The more wealthy individuals should be taxed according to their earnings as the less income earners are taxed the other way round. The government through the support of the opposition republicans has to join hands to in their efforts to fuel the government role of protecting their citizens socially by way of creating a habitable social environment largely dependent on the security measures placed. The government must also put aside their political differences in its efforts to provide a secure political climate for the thrive of the economic activities engaged in by the citizens. Despite the lapse of the payroll tax system, the household composed of the tirelessly working Americans can still work to cover the anticipated loss of 2% if the government unites with the opposition to create a favorable economic climate supporting every bit of economic activity that the American engages in. Taxation is a government initiative that can only be regulated through the formulation of the favorable laws and fiscal tools to enable the functioning of the government. The government and the opposition in such times have to come together and formulate laws, which are not exploitative to the citizens. This will involve the government considering an opportunity costs between allowing the tax rate reverting to the original 6.2% from the regulated 4.2%, which would result into a raise of the gov ernment revenue by about $125 billion in 2013, and the economic welfare of the wage earners. The economic growth that is likely to result from this is quite negligible of a mere