STUDY AND EVALUATION OF STRATEGIC MANAGEMENT IN INDIAN CONSTRUCTION INDUSTRY Naveen Thomas Abraham1, A. Arokia Prakash2 1 Student, Construction Engineering and Management, SRM University, Chennai, 603203, naveennt2007@gmail.com 2Assistent Professor, Construction Engineering and Management, SRM University, Chennai, 603203, arokiaprakash.a@ktr.srmuniv.ac.in 1 ABSTRACT Strategic Management is a concept that concerns with making decisions and taking corrective actions to achieve long term targets and
Overview of Project Management A project can defined as a unique way to plan the organization objectives ,in terms of successful outputs .It is usually portrayed to be a successful attempt as it plans to achieves the objectives which are according to the acceptance based criteria , within a specific timescale as well as budget. The term project management is defined as an application of processes or methods in fact to achieve the project based objectives. Objectives might differ from one organization
Abstract Briefing is the preliminary and most critical phase in construction projects which contributes to the success or failure of the project. One of the common characteristics of mega construction projects is that they include multiple stakeholders: Organizations, Clients, Governments sometimes, Consultants and the Recipients. Therefore, variable conflicts might occur between these stakeholders as a result of variations in interests, requirements, perspectives, expectations or methods of communication
provide better quality service, some of the organizations prefer to turn over part of the system functions to external service providers. It is because the external service providers have skills and assets to fully utilize the system for performance management and attaining key business indicators. ICT outsourcing was one of it. Technology outsourcing growth has been rapid globally. According to Claver and Gonzales (2002), ICT outsourcing has become a trend to some companies. ICT outsourcing can be defined
They were asked to fill questionnaire based on Likert scale from 1 to 7 which “1” for importance means very minor importance and “7” indicates very high importance. On the agreement range, “1” shows that the respondents fully disagree while “7” indicates that the respondents fully agree with the statement. The analysis approach is so simple. In general, the importance (I) shows the organization needs and the agreement (A) indicates the organizational performance. So the largest
results, seen in the context of strategic objectives in the medium and long term. Planning in business is an essential elements to achieve results (consolidated and grow), which in a market economy leads to survive in a competitive, sustainable and sustainably (Wheelen, Hunger, 2011). Hence, a focused and detailed inquiry on the impact of strategic and financial planning on the business performance of British Oil will extend the existing body of evidence on the strategic dimension of business in oil
III- Literature review and background Human Capital and the importance of improving the workforce: Starting by defining the term ‘Human Capital’: “Human capital is a measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal. The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them. The education, experience and
Balanced scorecard is basically a form of strategic planning and management system. This system is heavily used in the industry and business, in the government and non-profit organizations around the world with the aim of aligning the business activities to the organization vision and strategy. It's used to enhance and improve the internal and the external communications as well as monitoring the performance of the organization against the strategic goals. The minds behind the creation of the balanced
2.4 PROCUREMENT STRATEGIES Procurement strategies for building projects have not changed in the last thirty two (32) years. Even though the industry is still encountering cost and time overruns in most projects funded by the public sector e.g. South Gauteng High Court project, Norwood Police hostels project, etc. as a result procurement method chosen for a particular project, particularly the public renovation projects, is ought to be expected to play a significant role in minimizing the cost and
Customers and internal projects are increasing in their size, international dependencies, and complexity over the past years. In addition, more and more activities outside new product development are conducted as projects. Consequently, the professional management of projects and its Bosch-wide internalisation has become a key success factor for superior project results (Bosch, 2016c). Bosch considers project management as a core competence. In order to improve and standardise it, Bosch created a