StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

PROJECT ECONOMICS AND LAW - Coursework Example

Cite this document
Summary
These are idyllic benchmarks that ensure that the project meets and satisfies the entire needs of the clients. A successful project has distinct characteristics that…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
PROJECT ECONOMICS AND LAW
Read Text Preview

Extract of sample "PROJECT ECONOMICS AND LAW"

Download file to see previous pages

In the recent past, clients are increasingly looking for project managers that are able to deliver expected results. For this reason, it is vitally important for the managers to learn from past mistakes and strive to maintain a clean record with respect to successful project implementation and management. Among the projects that have been compounded by various challenges in the national history is the Scottish parliament project. This project belonged to the Scottish government and sought to construct a magnificent building to be used by the Scottish parliament.

The project was initiated in 1998 and proposed to be completed by the dawn of the new century. However, budgetary concerns and other construction related complexities delayed its timely completion. Seemingly, the project failed dismally to meet the established project indices in light of duration and cost. This had various implications on all stakeholders. It underscored major contractual weaknesses that the country is grappling with. In order to ensure efficiency in the construction industry, these concerns need to be addressed accordingly.

It is against this background that this paper provides an in depth report of the mode of failure of the contract, factors that contributed to the failure and the lessons learnt from this. To enhance a harmonic consideration, it begins by profiling the conditions of the project and appraising its effect on liability for failure. It then proceeds to detailing the nature of its failure and specific factors that contributed to this. It then concludes by discussing how the NEC contract could be used to address the experienced challenges.

Relative recommendations would offer useful insights regarding how future failures would be avoided. This is at the core of the objectives of project management and thus recommendations would help in preventing future incidences of failure. The

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“PROJECT ECONOMICS AND LAW Coursework Example | Topics and Well Written Essays - 4000 words”, n.d.)
PROJECT ECONOMICS AND LAW Coursework Example | Topics and Well Written Essays - 4000 words. Retrieved from https://studentshare.org/miscellaneous/1611096-project-economics-and-law
(PROJECT ECONOMICS AND LAW Coursework Example | Topics and Well Written Essays - 4000 Words)
PROJECT ECONOMICS AND LAW Coursework Example | Topics and Well Written Essays - 4000 Words. https://studentshare.org/miscellaneous/1611096-project-economics-and-law.
“PROJECT ECONOMICS AND LAW Coursework Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/miscellaneous/1611096-project-economics-and-law.
  • Cited: 0 times

CHECK THESE SAMPLES OF PROJECT ECONOMICS AND LAW

Economics graphs

You must include at least one diagram in your overall answer, but may use more if you wish.... In economic terms, market equilibrium refers to the point where the quantity demanded and supplied are equal at a particular price level.... It is the point where the demand curve intersects with supply curve....
5 Pages (1250 words) Statistics Project

Applied Statistics for Finance and Economics

he first section of the project focuses on the brief description of the two variables representing the log return series.... The project culminates in the analysis of the capital calculation through the Capital Asset Pricing Model (CAPM) as well as the OLSE (Estimation of the Ordinary Least Squares, in order to test relevant observations concerning the Bata estimation....
8 Pages (2000 words) Statistics Project

Analysis a relationship about economic

When inflation ensues, the buying price of a currency entity wears down, meaning, therefore that a person would require more money in order to purchase the same product.... A number of economists are of the… However, considering other factors in play affecting inflation, determining the connection between circulating currency and inflation is not as easy and predictable as it may Task: Relationship between Money Growth/Supply and Inflation Inflation refers to the unrelenting upsurge in the prices in an economy....
2 Pages (500 words) Statistics Project

Criminal Activity and Education in The UK

hellip; The purpose of this project is to explore the extent to which judicial penalties (sentencing, the probability of a conviction) deter criminal activity and whether crime is related to social problems.... This paper will use descriptive statistics techniques for summarizing the key features of the data....
10 Pages (2500 words) Statistics Project

Statistical Models for Forecasting milk production

hellip; In this project an attempt has been made to forecast milk production using statistical time series modeling techniques – double exponential smoothing and Autoregressive integrated moving average models.... In the paper “Statistical Models for Forecasting milk production” the author analyzes dairy farming sector, which faces a number of technical, economic and institutional problems in milk production, processing and marketing....
6 Pages (1500 words) Statistics Project

How Interest Rate, Loans, and Deposits affect Qatar National Bank Profit

Corporate profit was selected as the dependent variable in the "How Interest Rate, Loans, and Deposits affect Qatar National Bank Profit" paper because naturally, a bank's corporate profit is measured on the basis of many other variables on which it depends.... nbsp;… Corporate profit is defined as a statistic that is reported quarterly by a bank that summarizes the net income of the banking corporation....
9 Pages (2250 words) Statistics Project

Santorini - Climatic Conditions and Economic Factors

As the paper "Santorini - Climatic Conditions and Economic Factors" states, climatic conditions in Santorini changes from one month of the year to another.... Similarly, the number of tourists also varies from one month to another.... the main prominent seasons in Santorini are summer and winter....
1 Pages (250 words) Statistics Project

What are Dim Sum Bonds

A combination of high demand, low supply, and a growing amount of yuan deposits held in Hong Kong, has resulted in low yields, translating into reduced borrowing costs for companies with mainland operations (law and Wei 2012).... The focus of this paper is on bonds denominated in Chinese Yuan which are issued in Hong Kong....
24 Pages (6000 words) Statistics Project
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us