Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business Essa

Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business       Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business      During the previous quite a while worldwide organizations, similar to Whirlpool Corporation, have increased worldwide attention to the complex and developing legitimate, moral, and social desires for their partners. While numerous organizations have begun to handle these new arrangement of necessities by altering their statements of purpose, business approaches, and work environment rehearses, authority organizations keep on grappling with the test of coordinating these three essential subjects into their general business activity. Organizations that effectively coordinate intends to fuse the legitimate, moral and corporate social obligation worries inside all zones of their business remain to increase monetary and social advantages through the ID of new business openings, the reinforcing of their brands and corporate notoriety, the fascination and maintenance of top workers, and the acknowledgment as a confided in accomplice (Integra ting CSR: New Risks, New Rewards, 2004).      In this specific paper, the creator will endeavor to depict how legitimate issues, morals, and corporate social duty (CSR) impacts the administration arranging of Whirlpool Corporation.      Whirlpool Corporation is the world's driving maker and advertiser of significant home machines, with yearly deals of over $13 billion. They utilize 68,000 individuals, and have almost 50 assembling and innovation research revolves the world over. The organization markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other significant brand names to customers in excess of 170 nations. Whirlpool Corporation is likewise the important provider to Sears, Roebuck and Co., of many significant home apparatuses promoted under the Kenmore brand name (Fast Facts, 2005).      Embedded in Whirlpool Corporation and their Board of Directors is the profoundly held worth that keeps on controlling them: "There is no correct method to do a wrong thing" (Continuing Legacy, 2005). This fundamental implicit rules underlies the organization's long custom of solid and free corporate administration. Whirlpool's Board of Directors is as of now involved eleven chiefs, nine of whom are indepen... ...al duty and training. Recovered      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_education.html. References Whirlpool Corporation. (2005). Social duty and the earth.      Retrieved      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_enviroment.html. Whirlpool Corporation. (2005). Social duty and mexico. Recovered      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_mexico.html. Whitman, D. (2003, April). Building a worldwide steadfast after. Recovered      June 26, 2005, from      http://static.highbeam.com/an/apparatus/april012003/buildingagloballoyalfollowing. Yippee Finance. (June, 2005). DiversityInc. magazine perceives whirlpool for assorted variety      strengths. Recovered June 25, 2005, from      http://biz.yahoo.com/prnews/050616/deth006.html?.v=14.      

The Crucible Sumary essays

The Crucible Sumary expositions The Crucible is a play about black magic. Everything starts with a gathering of youthful ladies playing with black magic instructed by Tituba and Abigail Williams. Reverend Parris discovered them and the majority of the young ladies dispersed however the littlest young ladies The individuals of Salem, where the setting is, hold a congregation meeting and call Reverend Hale to choose if it is black magic. Solidness comes to Salem and gets the young ladies to admit and fault Tituba, the slave that showed them black magic. Tituba The city of Salem brought in appointees to attempt individuals for black magic and the young ladies start their demonstrations of retaliation on the whole town. Abigail Williams who desires for John Proctor attempts to bring Elizabeth Delegate, Johns spouse, to preliminary. Abigail went to the board and hauled a needle out of her stomach and guaranteed Elizabeth was capable. Robust visited Elizabeth again and discovered a needle stuck in the midsection of a doll. Abigail had planted it. The tumult proceeded and the young ladies keep on claiming to see the fallen angel during the preliminaries, however to discover what happens youll need to peruse the play. There are numerous topics that you can investigate in this play; conjugal connections, the impacts of widespread panic, yet the most significant is, understanding the ... <!

Current Events at SIPA COLUMBIA UNIVERSITY - SIPA Admissions Blog

Current Events at SIPA COLUMBIA UNIVERSITY - SIPA Admissions Blog Here are just a few of the exciting events that have recently been broadcast to our students. February 18: Anthony Dowd, chief of staff for former Fed chairman Paul Volcker, will deliver a lecture entitled “The Dukes of Moral Hazard: The Trust Banks, their Bailout, and the Volcker Rule.” February 25: David Miller, chief investment officer for the U.S. Treasury’s Troubled Asset Relief Program (TARP) will deliver SIPA’s Investcorp lecture. February 25: Information Overload? Navigating the Age of Democratized Media,  a conference hosted by SIPA’s student-run blog The Morningside Post. Speakers include: Robert Fishman, Vadim Lavrusik, Emily Bell, Carne Ross, Gabriel Escobar, Anas Qtiesh, Anne Nelson, and more. March 2: SIPAs United Nations Studies Program hosts Michelle Bachelet, executive director of UN Women and former president of Chile, at a celebration of International Women’s Day.

Creating a Genealogy Research Plan Like a Detective

If you like mysteries, then you have the makings of a good genealogist. Why? Just like detectives, genealogists must use clues to formulate possible scenarios in their pursuit for answers. Whether it is as simple as looking up a name in an index, or as comprehensive as looking for patterns among neighbors and communities, turning those clues into answers is the goal of a good research plan. How to Develop a Genealogy Research Plan A major goal in developing a genealogy research plan is to identify what you want to know and formulate the questions which will provide the answers you seek. Most professional genealogists create a genealogy research plan (even if only a few steps) for each research question. The elements of a good genealogy research plan include: 1) Objective: What Do I Want to Know? What specifically do you want to learn about your ancestor? Their marriage date? Spouses name? Where they lived at a particular point in time? When they died? Be really specific in narrowing down to a single question if possible. This helps keep your research focused and your research plan on track. 2) Known Facts: What Do I Already Know? What have you already learned about your ancestors? This should include identities, relationships, dates and places that are supported by original records. Search family and home sources for documents, papers, photos, diaries, and family tree charts, and interview your relatives to fill in the gaps. 3) Working Hypothesis: What Do I Think the Answer Is? What are the possible or probable conclusions that you hope to prove or possibly disprove through your genealogy research? Say you want to know when your ancestor died? You might start, for example, with the hypothesis that they died in the town or county where they were last known to be living. 4) Identified Sources: Which Records Might Hold the Answer and Do They Exist? Which records are most likely to provide support for your hypothesis? Census records? Marriage records? Land deeds? Create a list of possible sources, and identify the repositories, including libraries, archives, societies or published Internet collections where these records and resources can be researched. 5) Research Strategy The final step of your genealogy research plan is to determine the best order to consult or visit the various repositories, considering the available records and your research needs. Often this will be organized in order of the available records likelihood of including the information youre looking for, but may also be influenced by factors such as ease of access (can you get it online or do you have to travel to a repository over 500 miles away) and cost of record copies. If you require information from one repository or record type to be able to more easily locate another record on your list, be sure to take that into account. A Genealogy Research Plan in Action ObjectiveFind the ancestral village in Poland for Stanislaw (Stanley) THOMAS and Barbara Ruzyllo THOMAS. Known Facts According to descendants, Stanley THOMAS was born Stanislaw TOMAN. He and his family often used the THOMAS surname after arriving in the U.S. as it was more American.According to descendants, Stanislaw TOMAN married Barbara RUZYLLO about 1896 in Krakow, Poland. He immigrated to the United States from Poland in the early 1900s to make a home for his family, settling first in Pittsburgh, and sent for his wife and children a few years later.The 1910 U.S. Census Miracode index for Glasgow, Cambria County, Pennsylvania, lists Stanley THOMAS with wife Barbara, and children Mary, Lily, Annie, John, Cora, and Josephine. Stanley is listed as having been born in Italy and immigrating to the U.S. in 1904, while Barbara, Mary, Lily, Anna, and John are also listed as having been born in Italy; immigrating in 1906. Children Cora and Josephine are identified as having been born in Pennsylvania. Cora, the oldest of the children born in the U.S. is listed as age 2 (born about 1907).Barbara and Stanle y TOMAN are buried in Pleasant Hill Cemetery, Glasgow, Reade Township, Cambria County, Pennsylvania. From the inscriptions: Barbara (Ruzyllo) TOMAN, b. Warsaw, Poland, 1872–1962; Stanley Toman, b. Poland, 1867–1942. Working HypothesisSince Barbara and Stanley were supposedly married in Krakow, Poland (according to family members), they most likely came from that general area of Poland. The listing of Italy in the 1910 U.S. Census is most likely a mistake, as it is the only record located that names Italy; all others say Poland or Galicia. Identified Sources 1910, 1920 and 1920 census for Stanley Barbara TOMAN/THOMAS in Cambria County, PennsylvaniaPassenger lists for the ports of Philadelphia, PA; Baltimore, MD; and Ellis Island, NY.Marriage records for the children born in PolandSocial Security Death Index and Social Security application records (SS-5) for Barbara and Stanley TOMAN/THOMASNaturalization records for Stanley, Barbara, Mary, Anna, Rosalia (Rose)or John Research Strategy View the actual 1910 U.S. Census to confirm the information from the index.Check the 1920 and 1930 U.S. Census online to see if Stanley or Barbara TOMAN/THOMAS were ever naturalized and to confirm Poland as a country of birth (disprove Italy).Search the online Ellis Island database on the chance that the TOMAN family immigrated into the U.S. through New York City (more likely they came in through Philadelphia or Baltimore).Search for Philadelphia passenger arrivals for Barbara and/or Stanley TOMAN  online at FamilySearch or Ancestry.com. Look for the town of origin, as well as indications of possible naturalizations for any of the family members. If not found in the Philadelphia arrivals, expand the search to nearby ports, including Baltimore and New York.  Note: when I originally researched this question these records were not available online; I ordered several microfilms of records from the Family History Library for viewing at my local Family History Center.Check the SSDI to see if Barbara or Stanley ever applied for a Social Security card. If so, then request an application from the Social Security Administration.Contact or visit the Cambria County courthouse for marriage records for Mary, Anna, Rosalia, and John. If there is any indication in the 1920 and/or 1930 census that Barbara or Stanley was naturalized, check for naturalization documents as well. If your findings are negative or inconclusive when following your genealogy research plan, dont despair. Just redefine your objective and hypothesis to match the new information youve located so far. In the above example, initial findings prompted an expansion of the original plan when the passenger arrival record for Barbara TOMAN and her children, Mary, Anna, Rosalia, and John indicated that Mary had applied for and become a naturalized U.S. citizen (the original research plan included only a search for naturalization records for the parents, Barbara and Stanley). The information that Mary had likely become a naturalized citizen led to a naturalization record which listed her town of birth as Wajtkowa, Poland. A gazetteer of Poland at the Family History Center confirmed that the village was located in the southeast corner of Poland—not too terribly far from Krakow—in the portion of Poland occupied by the Austro-Hungarian Empire between 1772-1918, commonly referred to as Galica. After World War I and the Russo Polish War 1920-21, the area in which the TOMANs lived returned to Polish administration.

Quotes From The Notebook

The movie The Notebook is an adaptation of the Nicholas Sparks book by the same title. This romantic story is told by an old man, Duke, reading to an old woman in a nursing home. The  emotional roller coaster ride of the movie makes us laugh and cry along with the lead characters, Allie and Noah, who fall in love but are separated by her parents. Years later Allie meets a wealthy soldier, Lon, and becomes engaged to him. When Noah returns, she has to choose between the two men. These quotes from The Notebook focus on the miraculous power of love. Duke   It was an improbable romance. He was a country boy. She was from the city. She had the world at her feet while he didnt have two dimes to rub together. Look guys†¦thats my sweetheart in there. Im not leaving her. This is my home now. Your mother is my home. He [Noah] got the notion into his head that if he restored the old house where they had come that night, Allie would find a way to come back to him. Some called it a labor of love. Others called it something else. But in fact, Noah had gone a little mad. I am no one special. Just a common man with common thoughts. Ive led a common life. There are no monuments dedicated to me and my name will soon be forgotten, but in one respect Ive succeeded as gloriously as anyone who ever lived. Ive loved another with all my heart and soul and for me that has always been enough. Young Noah   Now you know that I want to give you everything you want. But I cant  because theyre  gone...Theyre broken. Its not going to be easy. Its going to be really hard. And were going to have to work on this every day, but I want to do that because I want you. I want all of you, forever, you and me. Noah The best love is the kind that awakens the soul; that makes us reach for more, that plants the fire in our hearts and brings peace to our minds. Thats what I hope to give you forever. I wrote you 365 letters. I wrote you every day for a year. It wasnt over...it still isnt over. Stop thinking about what I want, what he wants, what your parents want. What do you want?   Allie I want a white house with blue shutters and a room overlooking the river so I can paint. Do you think our love can make miracles? It was real, wasnt it? You and me. Such a long time ago, we were just a couple of kids. But we really loved each other, didnt we?   Allies Father Well, in theory, were both millionaires, but in reality, we live with a bunch of whores. Allies Fiancà ©Ã‚   The way I see it, I got three choices. One, I can shoot him. Two, I can kick the crap out of him. Or three, I leave you. Well, all thats no good. You see, cause none of those options gets me you.  [about Noah]

H202 Decomposition Free Essays

Hydrogen Peroxide Decomposition Reaction Kinetics Purpose: In this experiment, you will determine the rate law and activation energy for the iodide-catalyzed decomposition of hydrogen peroxide. Overview: The decomposition of hydrogen peroxide is catalyzed by iodide according to the following reaction: 2H2O2 (aq) [pic] 2H2O (l) + O2 (g) The speed of the reaction is determined from the reactants being consumed or from products that are being formed. This must be determined experimentally by measuring the rate of change in the concentration of one of the reactants or one of the products. We will write a custom essay sample on H202 Decomposition or any similar topic only for you Order Now The change of concentration can be measured by such physical properties such as the volume of a gas or color intensity of a solution. The rate may be expressed, for example, as moles per liter of product being formed per minute, milliliters of gas being produced per minute, or moles per liter of reactant being consumed per second. During this experiment, you will determine the rate of decomposition of hydrogen peroxide in the presence of a catalyst, iodide. The goal in this experiment is to deduce a rate law for the reaction, showing the dependence of the rate on the concentrations of H2O2 and I-. Your rate law will be of the form: -[pic]= k[H2O2]x[I-]y k is the reaction rate constant and depends only on temperature. x is the reaction order with respect to the hydrogen peroxide concentration and y is the reaction order with respect to the iodide ion concentration. Your objective is to determine the numerical values for the exponents x and y and rate constant, k. You will also study the effect of temperature on the reaction. Materials: 0. 25M KI solution 3% H2O2 solution distilled water 125mL or 250mL Erlenmeyer flask 50mL gas collection tube ring stand test tube clamp one-hole rubber stopper eaker water bath 50mL graduate cylinder 5 and 10 mL pipets thermometer Procedure: 1. Fill one beaker about half full with water. Fill the gas collection tube with water and invert into this beaker. Clamp the gas collection tube to the ring stand. You will use this to measure the volume of gas generated in the reaction. 2. Place the Erlenmeyer flask into a water bath. Fill the waterbath two thirds full of water. Record the temperature of the water. Cap the Erlenmeyer flask with a one-hole rubber stopper. Insert a short piece of glass tubing into the one-hole rubber stopper. If necessary, cut a piece of glass tubing and fire polish the ends. Connect one end of the rubber tubing to the glass tubing and insert the other end into the gas collection tube. You are now ready to start the reaction. 3. Remove the rubber stopper from the 50 mL flask. Add 10 mL of the 0. 25 M KI solution and 15 mL of distilled water to the flask. 4. Add 5 mL of 3% H2O2 to the Erlenmeyer flask. Swirl to mix the solutions and immediately replace the rubber stopper. Begin taking oxygen volume readings immediately. 5. Record the time and oxygen volume (mL) every ten seconds for 240 econds or 30mL (whichever comes first). Swirl the flask during the reaction to prevent the solution becoming super saturated with oxygen. 6. Repeat the experiment, using a clean flask, with10mL of the 0. 25-M KI solution and 10mL of distilled water, then adding 10 mL of the 3% H2O2. 7. Repeat the experiment again, this time using 20mL of the 0. 25-M KI solution and 5mL of distilled water, then adding 5 mL o f the 3% H2O2. 8. Replace the water in the water bath containing the Erlenmeyer flask, with water that is 10-20(C warmer than previously used. Repeat the experiment using 10mL of 0. 25M KI, 15mL of distilled water and 5mL of the 3% H2O2. 9. For each of the three trials, plot the volume of oxygen in milliliters versus the time in seconds. Fit the data with the best-fit curve or straight line for each trial, ignoring the first sixty seconds of data. (Do not draw a line that connects point to point. ) 10. Calculate the slope (mL/sec) of each line. The slope of each line gives the rate of oxygen production in mL/seconds. 11. Use the slopes and the details from each trial to determine the reaction orders for the I- and H2O2. Note that the KI and H2O2 volume are proportional to their concentrations in the reaction solution. | |Slope (mL/sec) |KI |H2O2 | |Trial 1 | |10mL |5mL | |Trial 2 | |10mL |10mL | |Trial 3 | |20mL |5mL | 2. Calculate the rate constant, k, for the equation: -[pic]= k[H2O2]x[I-]y Substitute values for [H2O2], [I-], x,y and -[pic]/[pic]into the equation and solve for k. Use the reaction orders determined above for x and y. Using data from one of the trials, calculate the molarity of the H2O2 and I- in the reaction solution and the hydrogen peroxide disappearance rate. Use these values to substitute into the above equation. You can determine the hydrogen peroxide disappearance rate from the rate of oxygen production. Convert the rate of oxygen production to moles per second using PV=nRT. Remember to reduce the pressure of the oxygen by the water vapor pressure. Use stoichiometry to convert moles of oxygen to moles of hydrogen peroxide. Use the solution volume to convert the moles per second to molarity per second. Calculate the rate constant, k, to two significant digits. Be sure to include units. 13. Examine your results to determine the effect that temperature had on the reaction rate. 14. Calculate k for the higher temperature, and, using both k values determine the activation energy for this reaction[1]. Questions: 1. How would your calculated reaction rate constants and calculated activation energy have been affected if the nominally 3% hydrogen peroxide had a concentration of only 2%? 2. How would your results have been affected if extra water had accidentally been added to the reaction mixture? 3. If you do not agitate the reaction solution, it can become supersaturated with oxygen. How would this affect your results? . If you had been able to directly determine the concentration of hydrogen peroxide in the reaction solution, you would have been able to graph the concentration versus time. What would that graph look like? 5. If you had been able to directly determine the concentration of iodide in the reaction solution you would have been able to graph its concentration versus time. What would that graph look like? 6. What would you graph versus time to determine the reaction rate constant? How would you calculate k from the graph? dapted from a lab at Occidental College http://departments. oxy. edu/tops/Kinetics/kinetics. pdf ———————– [1] Activation energy, Ea, is related to the reaction rate constant, k, by the Arrhenius equation: k=Ae-Ea/RT. R is the ideal gas constant, 8. 314510 J/(K†¢mol). A is the frequency factor with units of L/mol†¢s, and is related to the fraction of collisions that have the correct geometry. The activation energy can be determined using reaction rate constants from two different temperatures using the Arrhenius Equation rearranged as: ln k2 – ln k1 = – [pic] How to cite H202 Decomposition, Papers

An Inside View on Budget

Question: Discuss the purpose of budgets and the relevance of traditional budgetary systems to the contemporary and dynamic environment in which companies operate? Answer: Introduction Budgets are a very important part of any business or activity carried out. People always think of a budget as the term for running of the typical household. That is given a certain amount of budget, how would one use that money so that all the basic needs are fulfilled and satisfaction is at the top level. In reality, the budget is a very wide concept and is used in almost every activity(Khan Hilderth, 2002). It is a universal tool. In this project, we are going to discuss the purpose of budgets and the relevance of traditional budgetary systems to the contemporary and dynamic environment in which companies operate. We are going to evaluate certain roles of the budget in planning and controlling. We will see how budgets have changed over time and will discuss some kind of traditional budgetary system in details and its advantages and disadvantages. Budget The budget can be defined as a quantitative layout of the plan for any mentioned period of time. It helps the company keep its expenses in control and helps the company it setting a sales target. The planning usually contains sales volume and revenue, expenses on various products, the assets the organization has to acquire, its liabilities etc. Budgets can be measured and so the comparison and setting the standards are easy(Harvard Business School Press, 2013). Budgets can vary from corporate, event management, government to family or personal. Different methods are used to calculate budget in different fields. There are different types of budgets like: Sales budget Production budget Capital budget Cash flow/cash budget Marketing budget Project budget Revenue budget Expenditure budget Purpose of budget Budget is one of the most important departments which have to be taken care of in any kind of activity. Without budget control, no company will be able to execute its plans successfully and smoothly. A budget helps to successfully carry out the plans made to achieve the goals of the business. It helps the managers and the superiors to forecast and see what steps could be taken in case any unfortunate event arises in the future. It helps to evaluate the conditions in the present and in the future and then take decisions accordingly (Curro, 1995). Budget helps the managers and other members of the organization to coordinate all the activities taking place within the organization by checking and keeping an eye on the works and the relationship between their operation and that of the other department. The purpose of budget could be classified as follows: To control resources To increase the morale of its employees and motivate them to achieve the desired goal. For accountability of the organization at the end of the financial year To evaluate the performance of the members of the organization. To make companys performance transparent to everyone. In short we can say that the purpose of budgeting tools is to forecast and plan about the expenses and the revenues in the future. It describes how an organized would carry out its activities and proceed towards its goals if the certain strategy is applied in the correct way. By taking up the budgeting system, the company can actually measure its measure with the standards that it has set. It will give them a clear indication if something goes wrong and they work on it accordingly. The standards set will also make them achieve them by putting it more hard work and dedication. Role of budget in planning If viewed from a practical point, making budgets is the most important part in the planning process. The link between the budget and the plan can show a person if the organization will be able to pull off the plan or not. Some exceptions are there in this case as well but we cannot ignore the fact that budgeting is an essential part of planning process. An annual plan is a big activity; the budget is just a small part in it. An annual plan outlines many things that have to be kept in mind by the organization like the objectives and the goals of the business, priorities for the use of the raw materials or the resources which would be used in the production process, the estimated output and the input of human, financial and physical resources to be used.(Amey, 1979) A budget in this process of planning is a much more specific term with is concerned with the receipts from different taxes and other sources, to check if the funds are available and if could be used, evaluating the cost for all the projects and programs that would be carried out in the future, checking if individual projects are feasible or not and last but not the least checking the income or the revenue generated by doing all of the above. Any business organization operated to earn profits and make its name in the type of field it operates. Budgets are used to evaluate all the cost that the company has to bear in order to get the product or the service readily available to the customer.(Bookboon, 2012) The company then has to put a price of its own so that all of its expenses are covered and it earns a profit at the end of the day. Budget is measurable and it helps an organization a lot in this process. Role of budget in control Once the budgets are made in the process of planning and its carried out, the next important stage where the budgets are used controls. The actual results come out and the company evaluates the result with the standards that it has set.(Drury, 2007) A control technique is used where the actual results are compared with the budget that was set earlier. Any variation or differences found out in the process is corrected by key individuals who are given those responsibilities. The decision then lies with them. (Hofstede, 2012)They can either revise the original budgets if they want to or exercise control action and make the relevant changes to meet the expectations. There are many advantages of budgetary control, some of which are stated under: It improves the allocation of the leftover resources and put them to good use. The action motivates all the employees and the other members of the organization to participate in the setting of budgets for the company. It brings out the faults and problems and helps the employees to work together. This helps in better understanding and amongst the people within the organization. Immediate actions are taken in places where there is a fault or a problem which helps the not divert and keep working to achieve its goals. It points out the areas that need extra responsibility and which should be given proper attention by the managers and other employees. Give the financial position of the company in a good place. Traditional budgetary system Advantages There are several advantages why many companies still make a budget at the start. Some of them are: Provides a for control Since the managers have to keep the finance in mind, budget kind of helps the company to do that. It makes sure that the financial use is done correctly and everything stays under control. Part of organizational structure Many companies have been making budgets since early times and it would be a change in culture if they try and adopt something else. It may be risky to put down this plan and come up with anything else as the company is used to make budgetary plans. Disadvantages Although there are advantages of the traditional budgeting, it has it downfalls as well. Researchers say that it takes most of the time, energy, fun and big dream of an organization. It was a very useful and meaningful control instrument once, now is considered as a danger for any organization to last its success. (Swain, 2012)Some of the main problems are: Takes too much of time, money and corporate resources The process of budgeting it too long and tiresome as well. Sometimes it takes around 6 to 8 months. Some of the budgets prepared by the organizations are very detailed and need negotiation continuously which takes up most of the corporate resources. Fixed and inflexible The budget is created at the stage of planning and is very detailed. Though it is made by keeping in mind certain uncertainties that might happen in the future, things might not always go as predicted. The budgets are fixed and its very hard to change them some something goes in the future. entry into the market, new competition, change in customer taste and other changes might affect the plans and changing of budgets then might be a very big problem. Conclusion Budgets are a very important part in any business and work. To have a control over your financial structure, making a budget is the best thing. We have seen in the above report how preparing a budget helps the company throughout the year (Institute of leadership and management, 2007). Though it is of help, it has its disadvantages too. Any organization needs to evaluate all the ups and downs and take the best available decision to achieve the best results. References Amey, L., 1979. Budget planning and control systems. London: Pitman Publishing. Bookboon, 2012. Budgeting: Planning for Success. Sweden: Bookboon. Curro, M., 1995. Budget Function Classification: Relating Agency Spending and Personnel Levels to Budget Functions. Collingdale, United states: DIANE Publishing. Drury, C., 2007. Management and Cost Accounting. Boston: Cengage Learning EMEA. Harvard Business School Press, 2013. Preparing a Budget: Expert Solutions to Everyday Challenges. Boston: Harvard Business Press. Hofstede, G., 2012. The Game of Budget Control. London: Routledge. Institute of leadership and management, 2007. Budgeting for Better Performance. London: Routledge. Khan, A. Hildreth, B., 2002. Budget Theory in the Public Sector. Portsmouth: Greenwood Publishing Group. Pizzey, A., 1989. Cost and Management Accounting: An Introduction for Students. s.l.: SAGE. Swain, 2012. Budgeting for Public Managers. New York City: M.E. Sharpe.

My Diary Essays (353 words) - , Term Papers

My Diary Dear Diary, Today was a pretty same old same old day. I woke up to Alia scrambling around her room at ten to seven, I was laughing cause I think she was looking for me(she never looks hard enough) finally her cat Princess jumped on her vanity and I rolled on to the floor. Alia found me put me onI feel so loved and needed when she does that.and put me in the pocket of her cute Lauzares uniform..(her private school).it is so cute..its a short little green red and navy plaid skirt..a white collared shirt and a red tiehigh socks..cute little mary janes..its adorable. Well anyways as I was sayingshe put me in her pocket and she drove to school.and her little friends were there waiting for her to fill he in the latest Lauzares gossip ..she walked into school and of course..applied me..im so special!!!..and then went to her pink locker..there art club were board and so for a project the painted the whole school all these brite colorshe locker is so pretty he books are all nice and neat with he mirror, cute little magnetic memo pad, and pictures of her friends and her.i was nice and comfy in her locker until next periodthen the coolest thing of all match maker me.accidently fell on the f loor on the way out of chemistry.right in front of the hottest head foot ball playerhe picked me up for her ..she put me in her pocket ..made eye contact and he ended up walking her to her Speach and Drama class.she also has a date with him on Friday thank me very much.well that was the high light of my day..now if you would excuse me a beautimaker need her rest to. Poetry Essays

Standard Based Grading Measures Student Skills

Standard Based Grading Measures Student Skills What does an A on a test or quiz mean to a student? Mastery of skill or mastery of information or content?   Does an F grade mean a student understands none of the material or less than 60% of the material? How is grading used as feedback for academic performance? Currently, in most middle and high schools (grades 7-12), students receive letter grades or numerical grades in subject areas based on points or percentages. These letter or numerical grades are tied to credits for graduation based on Carnegie units, or the number of  hours of contact time with an instructor.   But what does 75% grade on a math assessment tell a student about his or her specific strengths or weaknesses? What  does a B- grade on a literary analysis essay inform a student about how he or she meets skills sets in organization, content, or conventions of writing?   In contrast to letters or percentages, many elementary and intermediate schools have adopted a standards-based grading system, one that uses a 1-to-4 scale. This 1-4 scale breaks down academic subjects into specific skills needed for a content area.   While these elementary and intermediate schools use standards-based grading may vary in their report card terminology, the most common four-part scale denotes a students level of achievement with descriptors such as: Excels or above grade level (4)Proficient or at grade level (3)Approaching proficiency or approaching grade level (2)Well below proficiency or below grade level (1) A standards-based grading system may be called  competency-based,  mastery-based,  outcome-based,  performance-based, or proficiency-based. Regardless of the name used, this form of a grading system is  aligned to the Common Core State Standards (CCSS) in English Language Arts and Literacy and in Math, which was established in 2009 and adopted by 42 out of 50 states. Since this adoption, several states have withdrawn from using CCSS in favor of developing their own academic standards. These CCSS standards for literacy and for math were organized in a framework that details specific skills for each grade level in grades K-12. These standards serve as guides for administrators and teachers to develop and implement the curriculum. Each skill in the CCSS has a separate standard, with skill progressions tied to grade levels. Despite the word standard in the CCSS, standards-based grading at the upper-grade levels, grades 7-12, has not been universally adopted. Instead, there is ongoing traditional grading at this level, and most middle and high school use letter grades or percentages based on 100 points. Here is the traditional grade conversion chart: Letter Grade Percentile Standard GPA A+ 97-100 4.0 A 93-96 4.0 A- 90-92 3.7 B+ 87-89 3.3 B 83-86 3.0 B- 80-82 2.7 C+ 77-79 2.3 C 73-76 2.0 C- 70-72 1.7 D+ 67-69 1.3 D 65-66 1.0 F Below 65 0.0 The skill sets outlined in the CCSS for literacy and math can be easily converted  to four point scales, just as they are at the K-6 grade levels. For example, the first reading standard for grade 9-10 states that a student should be able to: CCSS.ELA-LITERACY.RL.9-10.1Cite strong and thorough textual evidence to support analysis of what the text says explicitly as well as inferences drawn from the text. Under a traditional grading system with letter grades (A-to-F) or percentages, a score on this reading standard may be difficult to interpret. Advocates of standard based grading will ask, for example, what a score of B or 88% tells a student. This letter grade or percentage is less informative about a student’s skill performance and/or subject mastery.  Instead, they argue, a standards-based system would singularly assess a students skill to cite textual evidence for any content area: English, social studies, science, etc. Under a standards-based assessment system, students could be assessed on their skill to cite using a 1-to-4 scale that featured the following descriptors:   Score 4: excels in citing  strong and thorough textual evidence -explicit and inferential OR needs no support;Score 3:  proficient at  citing  strong and thorough textual evidence -explicit and inferential  OR needs minimal support;Score 2:  approaching proficiency at citing  strong and thorough textual evidence -explicit and inferential OR needs moderate support;Score 1:  below proficiency at citing  strong and thorough textual evidence -explicit and inferential OR needs extensive support and/or reteaching. Assessing students on a 1-4 scale  on a particular skill  can provide clear and specific feedback to a student. A standard by standard assessment separates and detail the skills, perhaps on a rubric.  This is less confusing or overwhelming to a student when compared to a combined skills percentage score on 100 point scale. A conversion chart that compares  a traditional grading of an assessment to standards-based graded assessment would look like the following: Letter Grade Standards-Based grade Percentage grade Standard GPA A to A+ Mastery 93-100 4.0 A- to B Proficient 90-83 3.0 to 3.7 C to B- Approaching proficiency 73-82 2.0-2.7 D to C- Below Proficiency 65-72 1.0-1.7 F Below Proficiency Below 65 0.0 Standards-based grading  also allows teachers, students,  and parents to see a grade report that lists overall levels of proficiency on separate skills instead of composite or combined skill scores. With this information, students are better informed in their individual strengths and in their weaknesses as  a standards-based score highlights the skill set(s) or content that need(s) improvement and allows them to target areas for improvement. Furthermore, students would not need to re-do all of a test or assignment if they have demonstrated mastery in some areas. An advocate for standards-based grading is educator and researcher Ken OConnor. In  his chapter,  The Last Frontier: Tackling the Grading Dilemma, in Ahead of the Curve: The Power of Assessment to Transform Teaching and Learning, he notes: Traditional grading practices have promoted the idea of uniformity. The way we are fair is we expect all students do to the same thing in the same amount of time in the same way. We need to move†¦ to the idea that fairness is not uniformity. Fairness is equity of opportunity (p128). OConnor argues that standards-based grading allows for grading differentiation because it  is flexible and can be adjusted up and down as students confront new skills and content. Moreover, no matter where students are in a quarter or semester, a standard based grading system provides students, parents, or other stakeholders an assessment of student understanding in real time. That kind of student understanding may  take place during conferences, such as the ones Jeanetta Jones Miller explained in her article   A Better Grading System: Standards-Based, Student-Centered Assessment in the September 2013 edition of the English Journal. In her description of how standard based grading informs her instruction, Miller writes that it’s important to set up appointments to confer with each student about progress toward mastery of course standards. During the conference, each student receives individual feedback on his or her performance in meeting one or more standards in a content area:   The evaluation conference provides an opportunity for the teacher to make it clear that the student’s strengths and areas for growth are understood and the teacher is proud of the student’s efforts to master the standards that are most challenging. Another benefit to standardized based grading is the separation  of student work habits that are often combined in a grade. At the secondary level, a point penalty for late papers missed homework, and/or uncooperative collaborative behavior is sometimes included in a grade. While these unfortunate social behaviors will not stop with the use of standards-based grading, they may be isolated and given as separate scores  into another category. Of course, deadlines are important, but factoring in behaviors such as turning an assignment in on time or not has the effect of watering down an overall grade. To counter such behaviors, it may be possible to have a student turn in an assignment that still meets a mastery standard but does not meet a set deadline. For example, an essay assignment may still achieve a 4 or exemplary score on skills or content, but the academic behavior skill in turning in a late paper may receive a 1 or below proficiency score. Separating behavior from skills also has the effect of preventing students from receiving the kind of credit that simply completing work and meeting deadlines has had in distorting measures of academic skill.   There are, however, many educators, teachers and administrators alike, who do not see advantages to adopting a standards-based grading system at the secondary level. Their arguments against standards-based grading primarily reflect concerns at the instructional level. They stress that the  transition to a standards-based grading system, even if the school is from one of the 42 states using the CCSS, will require teachers to spend immeasurable amounts of time on extra planning, preparation, and training. In addition, any statewide initiative to move to standards-based learning may be difficult to fund and manage. These concerns may be a reason enough not to adopt standards-based grading. Classroom time can also be a concern for teachers when  students do not reach proficiency on a skill. These students will need reteaching and reassessment placing another demand on curriculum pacing guides. While this reteaching and reassessment by skill does create  additional work for classroom teachers, however, advocates for  standards-based grading note that this process may help teachers to refine their instruction. Rather than add to continuing student confusion or misunderstanding, reteaching may improve later understanding. Perhaps the strongest objection to standards-based grading is based on the concern that standards-based grading might put high school students at a disadvantage when applying to college. Many stakeholders -parents, students teachers, guidance counselors, school administrators-believe that college admissions officers will only evaluate students based on their letter grades or GPA, and that GPA must be in numerical form. Ken OConnor disputes that concern suggesting that secondary schools are in the position to issue both traditional letter or numerical grades and standards-based grades at the same time. â€Å"I think it’s unrealistic in most places to suggest that (GPA or letter grades) are going to go away at the high school level,† O’Connor agrees, but the basis for determining these might be different. He proposes that schools might base their letter-grade system on the percentage of grade-level standards a student meets in that particular subject and that schools can set their own standards based on GPA correlation.   Renowned author and education consultant Jay McTighe  agrees with OConnor, â€Å"You can have letter grades and standards-based grading as long as you clearly define what those (letter-grade) levels mean.† Other concerns are that standards-based grading can mean the loss of class ranking or honor rolls and academic honors. But OConnor points out that high schools and universities confer degrees with highest honors, high honors, and honors and that ranking students to the hundredth of a decimal may not be the best way to prove academic superiority. Several New England states will be at the forefront of this restructuring of grading systems. An article in  The  New England Journal of Higher Education Titled directly addressed the question of college admissions with standard based grading transcripts. The states of Maine, Vermont, and New Hampshire have all passed legislation to implement proficiency or standards-based grading in their secondary schools.   In support of this initiative, a study in Maine titled Implementation of a Proficiency-Based Diploma System: Early Experiences in Maine  Ã‚  (2014) by Erika K. Stump and David L. Silvernail used a  two-phase, qualitative approach in their research and found: ...that benefits [of proficiency grading] include improved student engagement, greater attention to development of robust interventions systems and more deliberate collective and collaborative professional work. Maine schools are expected to establish a proficiency-based diploma system by 2018. The New England Board of Higher Education (NEBHE) and the New England Secondary School Consortium (NESSC) met in 2016 with admissions leaders from highly selective New England colleges and universities and discussion was the subject of an article How Selective Colleges and Universities Evaluate Proficiency-Based High School Transcripts (April 2016) by Erika  Blauth and Sarah Hadjian. The discussion revealed that college admissions officers are less concerned with grade percentages  and more concerned that grades must always be based on clearly specified learning criteria.   They also noted that: Overwhelmingly, these admissions leaders indicate that students with proficiency-based transcripts will not be disadvantaged in the highly selective admissions process. Moreover, according to some admissions leaders, features of the proficiency-based transcript model shared with the group provide important information for institutions seeking not just high-performing academics, but engaged, lifelong learners. A review of the information on standards-based grading at the secondary level shows that implementation will require careful planning, dedication, and follow through for all stakeholders. The benefits for students, however, could be worth the considerable effort.

Logical Fallacies Essay Example | Topics and Well Written Essays - 500 words - 2

Logical Fallacies - Essay Example Furthermore, the expression â€Å"Ultraboost† falsely implies that the shoe automates individuals to run yet we know that people use energy to move. Therefore, the advertisement gives false and unachievable hope. The third ad is from Nike’s website but still, targets sports people. Nike air zoom structure 19 claims that it is so fast with not shaking hence increasing stability. Fundamentality, the message aims at convincing sports persons that the shoe provides suitable cushioning, which enhances stability during sports activities. However, the stability it claims to offer is in not clear. For instance, can it be stable against fire or severe knocking of stone? Furthermore, the expression â€Å"so fast† refers to something in motion. The audience cannot explicitly understand what â€Å"so quickly.† is, some may interpret it that the shoe possesses the locomotive power that makes wearers run while using them. In conclusion, the three advertisements aim to convince sports individuals to use their shoe brands. Both Nike and Adidas present the products on the basis that they facilitate locomotion, especially running and stability aspects of sports. However, the messages contain errors that might cause misinterpretation. In other words, target audience might buy the products for the wrong reason if they do not think through the advertisement statements well. In brief, the message spread across portrays the audience as individuals who run, use a lot of energy, and require stability as well.

Cross-functional teams Term Paper Example | Topics and Well Written Essays - 3250 words

Cross-functional teams - Term Paper Example The sectors most affected by M&A activity have been service and knowledge based industries such as banking, insurance, pharmaceuticals, and leisure. Although M &A is a popular means of increasing or protecting market share, the strategy does not always deliver what is expected in terms of increased profitability or economies of scale. While the motives for mergers can variously be described as practical, psychological, or opportunist, the objective of all related M&A is to achieve synergy, or what is commonly referred to as the 2 +2 = 5 effect. However, as many organizations learn to their cost, the mere recognition of potential synergy is no guarantee that the combination will actually realize that potential (Cartwright, 1996). Understanding the Problems - Dysfunctional Organizations Most people have difficulty stating their organization’s strategy: what the organization wants to become, how it would like its people to behave, and what it will provide to which customers. In t he future, the reality is that the organization’s business and operating units march to priorities different from, if not contradictory to, those implied by its strategy. The majority of the people in an organization focus on day-to-day operational matters and their individual aspirations. Consequently, the strategy is never realized. Frustrated by the lack of forward progress, executives launch new communication, reorganization, process redesign, or technology initiatives. Everyone is doing more, and yet performance stagnates or even declines (Hammer, et al. 2001). Losing the Value of Mergers and Acquisitions AKPMG report found that, though 82% of respondents believed the deal they had transacted was a success, 83% of the same mergers failed to increase shareholder value. Of these transactions, 30% produced no discernible difference in shareholder value and 53% actually reduced value. Acquiring, merging, and demerging companies need long-term ways of enhancing shareholder va lue once the initial and obvious savings have been taken. But they usually focus on tactical integration, such as, organizational structure, support service or policies rather than on strategic integration in regards to customers, products, people or systems. However, to succeed both are needed (Kaplan, at el., (2001). The burning question remains – why do so many mergers fail to live up to a shareholder expectations? In the short term, many seemingly successful acquisitions look good, but disappointing productivity levels are often masked by onetime cost savings, asset disposals, or astute tax maneuvers that inflate balance-sheet figures during the first few years. Merger gains are notoriously difficult to assess. There are problems in selecting appropriate indices to make any assessment, as well as difficulties in deciding on a suitable measurement period. Typically the criteria selected by analysts are Profit-to-earnings ratios Stock-price fluctuations Managerial assessmen ts Irrespective of the evaluation method selected, the evidence on M&A performance is consistent in suggesting that a high proportion of M&A’

Sri Lanka Tourism Problems and Development

Sri Lanka Tourism Problems and Development 1. Sri Lanka is an island country and god has given to Sri Lanka blessings of nature blue seas, green hills, sandy beaches, abundant wildlife, cascading waterfalls, a riot of flowers and fruits, coconut groves, tea estates, spice gardens. Here ones day can be gloriously lazy by a palm cool lagoon or full of joy, swimming, snorkeling, and fishing or sailing like a brilliant jewel in the sparkling waters of the Indian Ocean. Sri Lanka is located in a strategically considered naval spot on the world map. This significant situation creates a path for a major sea route. In addition it creates a strategic naval link between West Asia, Africa and East Asia. Sri Lanka entered the international tourism arena in the 1960s. Since then, government involvement has been the key factor in tourism development in Sri Lanka. The Ceylon Tourist Board (CTB) was established in 1966 in order to provide direction and leadership to this promising sector of the developing economy. The country is famous for h ealthy and cultural heritage. Hospitality, tropical forests, natural and fascinating beaches, archeological sites and the tropical climate are the more attractive features. These factors make Sri Lanka a wonderful tourist destination. Over the years tourism in Sri Lanka has developed significantly. Today tourism has become the sixth Foreign Exchange Earner (FEE) in Sri Lankan economy. 2. Tourism can make a great impact on development of the Sri Lankan economy. Tourism is a fast growing industry which has been identified presently. Employment opportunities and regional development are playing significant role with regard to the tourism industry development. It can be considered as the most important industry in the country as a whole. The governments vision is to make the tourism sector as Sri Lankas most innovative and profitable income generating source. 3. During past three decades Sri Lankas tourism industry had few draw backs. This was mainly due to the security situation which prevailed in the country. Further the tourism industry was also affected due to the Tsunami catastrophe which occurred in 2004. Approximately 2/3rd of the coastal area including tourist infrastructure facilities was destroyed. The immediate post war period gave rise to a dramatic increase of tourist arrival from end May 2009. 4. In order to support the efforts and to develop the tourism sector in Sri Lanka there should be hotels with exclusive facilities which are in par with the international standards to accommodate a large number of visitors. In the year 2010 approximately one million tourists visited Sri Lanka. Unlike in the past, the inflow of tourists is increasing day by day as a result of the end of the 30 year civil war which destroys the whole country. Following graph indicates how tourism increased from 1966 to 2011 in Sri Lanka. The government is expected to receive 2.5 million tourists in 2016. To cater for this increase tourist hotels in Sri Lanka must be developed. Similarly other facilities should also be increased to meet the desired economic goals. AIM 5. The aim of this paper is to analyze the development of Sri Lanka tourism -challenges and opportunities GEOGRAPHY AND CLIMATE OF SRI LANKA 6. Sir Lanka has a various terrain but it mainly consists of flat lands but south-central portion of the countrys step sided river, canyons interior features and mountain. The compliment regions are the areas where most of Sri Lankas agriculture takes place, aside from coconut farms along the coast. Sri Lankas climate is tropical and the southwestern side of the island is the wet test. . The northeastern side of Sri Lanka is drier and most of its rain falls from December to February. Most of the rain in the southwest falls from April to June and October to November Sri Lankas average yearly temperature is 86 °F to 91 °F. An important geographic note about Sri Lanka is its position in the Indian Ocean, which made it vulnerable to one of the worlds largest natural disasters. On December, 26, 2004, it was struck by large tsunami that hit 12 Asian countries. Around 38,000 people in Sri Lanka were killed during this incident and much of Sri Lankas coast was destroyed. 7. Sri Lanka is situated in strategic location near major Indian Ocean sea lanes. It has a total area of 65,610 km ², with 64,740 km ² of land and 870 km ² of water. Its coastline is 1,340 km long. Sri Lankas climate includes tropical monsoons: the southwest monsoon (June to October) and the northeast monsoon (December to March), its terrain is mostly low, flat to undulating plain, with mountains in the south-central interior. The highest point is Pidurutalagala at 2,524.13 m. Resource include limestone, mineral sands, gems, graphite, phosphates, clay, and hydropower. 8. Adams Bridge, a land connection to the Indian mainland, is now mostly underwater with only a chain of limestone shoals remaining above sea level. According to temple records, this natural causeway was previously complete, but was breached by a violent storm (probably a cyclone) in 1480. SRI LANKAS COMMITMENT TO TOURISM 9. Tourism is a vital area in the policy structure has been identified as capable of efficiently driving the countrys socio economic development. The programmes vision for the tourism sector is to make Sri Lanka foremost freedom destination in the South Asian Region. The programme believes the human resources and natural and cultural endowments values and nation will be essential in transforming Sri Lanka into a centre of excellence and offer tourists the highest values of real experiences in its unique setting. 10 The One Stop Unit Unit for National Investment in Tourism is a Centralized promotion and facilitation center Established Thurs assist potential tourism investors interested in investing in Sri Lanka Tourism Industry. Specialist staff from various government agencies helps investors Identify possible projects, Obtain information possible, Regarding Investments, submit applications, and Provide support in obtaining investment promotion privileges, trade licenses and other approvals Requested for project clearance. OSU Prevents the need for investors Thurs spend time in search of answers and ensures all queries are handled by its specialist staff. 11. Serious civil disturbances starting in July 1983 and the subsequent violence badly affected tourism. Total arrivals were 230,106 in 1986, down 43 percent from 1982. To ease the dilemma of the industry, the government provided various concessions to hotels, such as the rescheduling of loans and the reduction of the turnover tax from 10 percent to 5 percent. The Ceylon Tourist Board also undertook a crash promotion program in an attempt to restore the islands image in world tourist markets. Tourist arrivals in the first six months of 1987, however, showed a decline of 23 percent compared with the same period the previous year. In early 1988, the outlook was for further contraction. 12. In 1988 it remained unclear whether the policies of economic liberalization Sri Lanka has pursued since 1977 would succeed in their principal goals of employment, wealth creation, and economic diversification. Although increased rice production, the growth of textile manufacturing, and an improved infrastructure were successes that could be attributed to the post-1977 policies, these gains came at the cost of a mounting foreign and domestic debt and declining living standards for the poor. POLITICAL ENVIRONMENT TOWARDS TOURISM 13. The One Stop Unit Unit for National Investment in Tourism is a Centralized promotion and facilitation center Established Thurs assist potential tourism investors interested in investing in Sri Lanka Tourism Industry. Specialist staff from various government agencies helps investors Identify possible projects, Obtain information possible, Regarding Investments, submit applications, and Provide support in obtaining investment promotion privileges, trade licenses and other approvals Requested for project clearance. OSU Prevents the need for investors Thurs spend time in search of answers and ensures all queries are handled by its specialist staff. 14. Serious civil disturbances starting in July 1983 and the subsequent violence badly affected tourism. Total arrivals were 230,106 in 1986, down 43 percent from 1982. To ease the dilemma of the industry, the government provided various concessions to hotels, such as the rescheduling of loans and the reduction of the turnover tax from 10 percent to 5 percent. The Ceylon Tourist Board also undertook a crash promotion program in an attempt to restore the islands image in world tourist markets. Tourist arrivals in the first six months of 1987, however, showed a decline of 23 percent compared with the same period the previous year. In early 1988, the outlook was for further contraction. 15. In 1988 it remained unclear whether the policies of economic liberalization Sri Lanka has pursued since 1977 would succeed in their principal goals of employment, wealth creation, and economic diversification. Although increased rice production, the growth of textile manufacturing, and an improved infrastructure were successes that could be attributed to the post-1977 policies, these gains came at the cost of a mounting foreign and domestic debt and declining living standards for the poor. PROMOTION OF TOURISM INVESTMENT 16. The Board of Investment has introduced incentives in the form of tax exemptions, duty-free imports and the relaxation of controls on foreign exchange holdings. The incentives provided by the government have mainly attracted investment in the hotel sector. The present hotel capacity is 13,670 rooms. That figure is projected to increase to 21,000 rooms by 2004, which will accommodate the target of 1 million tourists. Five regional domestic airports to be restructured at a total cost of approx. Rs. 2bn: Rathmalana, Koggala ,Ampara , Trincomalee Jaffna (Rathmalana will be developed as a City Airport) Previous year. This denotes that tourism industry is one of the core sources of foreign exchange earner in economy of Sri Lanka. Due to the development of tourism improved accessibility via new highways and conversion of military to domestic airports may make high-end hotels in the Deep South and the East of Sri Lanka viable alternatives to the Galle area. OPPORTUNITIES FOR TOURISM INDUSTRY 17. Tourism directly affected to economy of a country. The momentum of growth in tourism, as result of the post conflict peaceful environment, the tourist arrivals grew to 654,476 in 2010 surpassing the previous record of 566,202 in 2004. Tourist nights one of an important indicator in measuring the volume of tourist traffic, has recorded 6, 544, 760 in 2010. It shows 60.6 per cent increase compared to 2009. Total receipts in 2010 amounted to US $ 575.9 million as against US $ 349.3 million recorded for the year 2009. It indicates a vast increase of 64.9 per cent than THREATS FOR TOURISM INDUSTRY 18. Development of tourist hotels in Sri Lanka will extremely support the rapid economic development. Developments of tourist hotels, increase room capacities, increase occupancy rates and develop the condition of rooms and upgrade the service provided in the hotels are the key factors to be mainly focused on if to develop tourism. It indeed contributes to the development of tourism and in turn development of economy of the country. Tourist hotel industry should be developed in most of the famous city for tourism with sufficient amount of tourist hotels 19. As political risk introduces additional elements of uncertainty into the rules governing tourism investment projects, the risk of capital loss is raised for longer- term projects. Political risk also negatively influences the timing and pricing of the tourism production process. Negative images, lack of foreign exchange for tourism development, lack of skilled manpower, weak institutional frameworks for tourism planning, political instability caused by communal violence, civil war conflicts are inhibitors to tourism development. However, little is known about how international tourism firms perceive political risks and other general barriers and threats to tourism promotion in Sri Lanka. 20. Common political factors which affect the tourism industry are revolution, civil war, factional conflict, ethnic violence, religious turmoil, widespread riots, terrorism, nationwide strikes, protests, cross- national guerrilla warfare, world public opinion, repatriation restrictions, bureaucratic politics, leadership struggle, high inflation, border conflicts, high external debt service ratio and creeping nationalization. Last thirty years Sri Lanka also faced the civil war and it affected the tourism industry of Sri Lanka. Organizing elections frequently also create threat to the tourism industry because during the election period in some places to control the situation cur hews are implemented. 21. This will create negative image in the mind of tourists. Some of the foreign countries have reject Sri Lankas products in their country due to the violation of human rights during the war time. For example government invested and spent on IIFA programme but it was not a successful event for Sri Lanka because the big stars have boycotted the event. They didnt visit Sri Lanka because of the protests held in their country by asking them not to visit the place. Currently Sri Lanka is having negative relationship with some foreign countries therefore the export and import of Sri Lankan products will be decreased and it affects the tourism industry as well. FUTURE TRENDS, CHALLENGES 22. Source markets in Asia and Middle East to drive demand: Sri Lankas proximity to source markets such as India and its connectivity to the Middle East and China will help in sustaining tourism growth. The rise in per capita income and therefore consumer spending in these source markets will aid the growth in tourism. 23. Infrastructure growth to fuel tourism growth: To ensure rapid growth of tourism in the future, tourism projects will need to be balance with infrastructure development. We expect that with improvements in road infrastructure and development of the new airport in Hambantota, various new destinations will emerge in the country, especially to the north and the east, as these areas have abundant natural beauty to attract tourists but currently suffer from poor connectivity. We expect more airlines to operate in the country as the second airport develops. 24. Greater competition will facilitate growth: We also expect greater competition with the introduction of new hotels in popular destinations such as Colombo, Kandy, Bentota, and Sigiriya, and Galle. We expect the existing hotels to undertake phased renovations to effectively compete with the upcoming hotels. Also, with the increase in income from hotels over the past few years, we expect an increase in the number of hospitality related transactions and mergers and acquisitions. 25. Challenge of attrition to other destinations: Currently, the hotel industry witnesss significant employee attrition to countries in the Middle East and to the Maldives and India. However, with a more stable political environment and improvement in quality of living in Sri Lanka, we expect the attrition to gradually 26. Shortage of skilled labor: As new players enter the market, the projected growth in tourism will be accompanied by shortage of skilled labour. We anticipate the need for relive hospitality education institutions as the contribution of the tourism sector to the overall economy increases. SUMMARY 27. Sri Lanka is located in a strategically considered naval spot on the world map. Sri Lanka entered the international tourism arena in the 1960s. Since then, government involvement has been the key factor in tourism development in Sri Lanka. Over the years tourism in Sri Lanka has developed significantly. Today tourism has become the sixth Foreign Exchange Earner (FEE) in Sri Lankan economy.Tourism can make a great impact on development of the Sri Lankan economy. Employment opportunities and regional development are playing significant role with regard to the tourism industry development. The governments vision is to make the tourism sector as Sri Lankas most innovative and profitable income generating source. 28. During past three decades Sri Lankas tourism industry had few draw backs. In the year 2010 approximately one million tourists visited Sri Lanka. Following graph indicates how tourism increased from 1966 to 2011 in Sri Lanka. To cater for this increase tourist hotels in Sri Lanka must be developed. Sri Lankas climate is tropical and the southwestern part of the island is the wettest. . Around 38,000 people in Sri Lanka were killed during this incident and much of Sri Lankas coast was destroyed. 29. Total arrivals were 230,106 in 1986, down 43 percent from 1982. The Ceylon Tourist Board also undertook a crash promotion program in an attempt to restore the islands image in world tourist markets. This denotes that tourism industry is one of the core sources of foreign exchange earner in economy of Sri Lanka. Tourism directly affected to economy of a country. Development of tourist hotels in Sri Lanka will extremely support the rapid economic development. Developments of tourist hotels, increase room capacities, increase occupancy rates and develop the condition of rooms and upgrade the service provided in the hotels are the key factors to be mainly focused on if to develop tourism. Tourist hotel industry should be developed in most of the famous city for tourism with sufficient amount of tourist hotels 30. Negative images, lack of foreign exchange for tourism development, lack of skilled manpower, weak institutional frameworks for tourism planning, political instability caused by communal violence, civil war conflicts are inhibitors to tourism development. However, little is known about how international tourism firms perceive political risks and other general barriers and threats to tourism promotion in Sri Lanka. 31. Last thirty years Sri Lanka also faced the civil war and it affected the tourism industry of country. Some of the foreign countries have reject Sri Lankas products in their country due to the violation of human rights during the war time. Currently Sri Lanka is having negative relationship with some foreign countries therefore the export and import of Sri Lankan products will be decreased and it affects the tourism industry as well. 32. Sri Lankas proximity to source markets such as India and its connectivity to the Middle East and China will help in sustaining tourism growth. To ensure rapid growth of tourism in the future, tourism projects will need to be balance with infrastructure development. We expect the existing hotels to undertake phased renovations to effectively compete with the upcoming hotels. We also expect the hotel companies, especially the domestic companies located in the country to undertake long and medium term hospitality training programs and regularly undertake competition benchmarking for compensation to retain the talent. RECCOMONDATIONS 33. These are the recommendations which we can produce in related to tourism. Develop a marketing strategy: Emphasizing the creation and sustaining of a positive image of Sri Lanka as a substantive and well-established tourist destination offering facilities experiences that are distinct Sri Lankan products. Establish a domestic tourism strategy: To expand the existing product base and encourage a greater level of holiday movements in addition to pilgrim movements. Develop goods and services: To meet the increasing needs of the tourism industry, and thus optimize the economic benefit of tourism development to Sri Lanka. Modify the organization of tourism activities: In order to bring about related improvements in the private sector, increase coordination between tourism and interrelated sectors, and introduce streamlining to facilitate the development of the tourism sector. Emphasize the environmental, social and cultural aspects: Tourism Development Planning is the only way to solve many issues related to tourism in development. Therefore the tourism planning process should be designed to produce goals and objectives for the destination area related to tourism development. The tourism development plan provides overall guidelines for development and identifies development opportunities. Many development countries are involved in tourism planning. Financial Assistance: Financial assistance for hotel owners and any other profession in tourist sector would help to create more employment opportunities. Domestic Airport: Airport also more than 100 km away from the tourist destination it is needed have domestic airports. Surfing Training: This will create more employment opportunities and generate good income. Among the tourists there are some people they love for surfing and keen to learn. Conduct Language Teaching: Language barrier should be overcome by conducting specially job oriented language training. Employ Combat Divers: Surfing is risky and adventure sport it dont take much time for some to happen therefore as precautionary measure it is needed some combat divers close to the surfing area it would enhance the confidence of people who do surfing. Proper Taxi Service: Taxi service should be reformed introducing good vehicles fixed with meter system and giving training for drivers. Improve Infrastructure Facilities: Infrastructure facilities such as Power, Highways, Railways, Airports, Ports, Water Supply, Telecommunications, Accommodations, and Recreational, Shopping and Banking to be improved. Awareness Programs: Tourists should be informed on specific social, cultural and religious environment programmed. GAD ALWIS SLE Maj STUDENT OFFICER -DSCSC

First Aid and Buttercups Cc Pin

Name: Kirsty Beale Nursery: Buttercups CC PIN: MU2. 4 Contribute to Children and Young People’s Health and Safety 3. 1 Identify non medical incidents and emergencies that may occur in the work setting * Fires * Flooding * Loss of property * Lack or loss of electricity,gas,water and heat * Data loss * Breach of confidentiality * Legal issues * Personal relationships * Bad management * Bad planning . 1 Identify the signs and symptoms which may indicate that a child or young person in injured or unwell. * Temperature over 37. 5c * Unresponsive * Lethargic * Nausea * Vomiting * Dizziness * Difficulty breathing * Rash * Diarrhoea * Chronic Headaches * Stomach pains 4. 2 Identify circumstances where children or young people may need urgent medical attention. * Broken bones * Unconscious/unresponsive * Shallow Breathing Asthma attack * Temperature over 80c * In severe pain * Dislocation * Confusion * Allergies * Chocking 4. 3 Outline own role and responsibilities in the event of a ch ild or young person requiring urgent medical attention. If I found a child showing any of the above symptoms I would evaluate what the symptoms are to the treatment needed if non-emergency I would immediately alert the appointed first aider so the child’s care can proceed. Related reading: Situations That Require Urgent Medical AttentionIf the child needs more substantial medical care an ambulance will be called and the parent/carer of the child will be informed what is wrong and where the child will be, when the situation is under control the settings medical forms will be filled out for legal purposes. 6. 2 Describe Personal Protective Clothing that is used to protect spread of infection. * Disposable gloves * Disposable aprons * Wounds to be dressed properly * Appropriate clothing and footwear to be worn * Body piercing’s covered or removed * Offensive tattoo’s covered or removed * Hair tied back

Indonesia Petro Project

The block Delegate Said-Dart, located in southwestern of North Sumatra Basin, is the oldest oilfield in Indonesia, with total area of 82 km. It was firstly discovered in 1883, with the development history of fifty years. Oil and gas exploration and development mainly depends on surface geological surveys.In the absence of any modern seismic exploration and logging techniques, oil and gas structural traps were found in the field and produced with outmoded drilling and oil extraction technology. The cumulative oil production of blocks Delegate Said and Dart reached 2335 million rarely before abandonment as the outbreak of war in 1937.Alpha Until sass and sass, the Indonesian National Oil Company (hereinafter referred to as Pertain) and Mobil Oil Company Jointly drilled two deep exploration wells; from year 1977 to 1995, Pertain has carried out AD seismic exploration and research , drilled four deep exploration wells, through which they basically figured out sedimentary characteristics and stereographic features of the field, found out Bang formation and its underlying strata with favorable reservoirs, during which period no systematic re- exportation and development was conducted.During 2002-2012, contractor made secondary development of Delegate Said Dart oilfield. 13 development wells were drilled, among which 9 were put into production as oil well, with a total oil production of nearly 40 thousand barrels, and re exploited 12 old wells abandoned in 1937 with 18 thousand barrels of crude oil production. There were totally over 58 thousand barrels of crude oil produced from newly drilled development wells and recovery wells. 30 years of oil and gas discoveries, more than 50 years of early development, ever 60 years of intermittent exploration, and 10 years of secondary recovery, all show that people have great expectation of new breakthroughs and new discoveries in this field. Feasibility Study 1 . Study Basis All the information and data obtained during the pro cess of the field exploration and development in last 130 years are the only basis to know this field and study it by modern technology, and what's more, it is the origin of confidence on re- understanding, re-evaluation and re-determination of secondary development on the field.In the early period of Oil blocks selection and evaluation, three aspects of this lied have been noticed as follows: (1) Before being abandoned in 1937, relying on simple basic information as surface geological survey and hydrocarbon leakage, BPML companies conducted 50 years of drilling and production work, drilling 176 wells in Delegate Said oilfield, among which are oil wells, accounting for 83%; 247 wells were dilled in Dart oilfield, and 161 were oil wells, accounting for 65%.From amount and success rate of BPML drilling wells, it can be seen that the drilling success rate was very high, indicating that the oil and gas reservoir-cap system is completely preserved. 2) Pertain and Mobil drilled two explor ation deep wells, Delegate AAA and Delegate Bal 1970, and four exploration wells, TTS-I, DOUR-I, TTS-I and Path-8 were drilled by Pertain.According to AD seismic data from 1973,1974,1975,1978, there are only a small number of seismic lines, large quantities of AD digital seismic were intensively collected in year 1985 and 1990, which means that only Path-8 well is the exploration well drilled after mass of AD digital seismic; from analysis of seismic collection and drilling time, it is thought that only Path-8 wells used the AD digital seismic data, which was one of only two oil wells ring this period (another well is Delegate 81). 3) During 2006-2009, 13 development wells were drilled in TTS, among which 9 were put into production as oil wells, with drilling success ratio of about 70%, while in the output of about 4 million barrels of crude oil, well DE-AAA was flowing in production and the yield accounted for 50% , indicating that the area remains high formation pressure and oil s ources have been constantly supplemented.From data analysis of TTS geological studies, drilling design and drilling engineering and other aspects, it is found that he comprehensive geological study does not concern the use of seismic data and construct, still clinging to the simple BPML period geological survey, and many factors including wrong selection of drilling technology resulting serious pollution of the target layer by mud eventually leaded to the consequences of low drilling success ratio and the low oil and gas production.But from the analysis of adjacent wells within the drilling distance of mm, DE-181 A could reach substantial oil and gas production under the circumstance of simply improving drilling technology, which means a great potential for secondary development for an old oilfield located nil . Km anticline structure, and with 14. 98 million barrels of crude production before the year 1937. The above shows, although after 130 years of exploration and development, t he main production period of Delegate Said Dart oilfield is still the 50 years before 1937, and the exploration and development technology is relatively lag behind.With widely use of modern oil and gas exploration and development as well as drilling technology, the field will be able to make new discoveries and breakthroughs. In recent months, PIPE has setup a professional technical team of oil and gas exploration and development, through data collection, collation, post- processing analysis and research of the oilfield geological, seismic, logging and other aspects, combined with data analysis and preliminary study on drilling technology, well testing, and production performance, the main conclusions are as follows. 2.Project Profile The Delegate said Dart Oilfield project a TACT (TECHNICAL ASSISTANCE CONTRACT) project established by Pertain and TTS with the purpose of oil recovery and improvement of recovery factor, the term of the contract is 20 years. Party A, Pertain, the natio nal oil company of Indonesia; Part B, P. T. TTS, a company established under Indonesian law, with headquarters in Jakarta, who offers technical assistance for hydrocarbon exploration. During the term of the contract, TTS may recover 80% of its investments from the sales profit of oil production in the first 3 years, and up to 65% in the subsequent years.Of the remaining crude oil after cost recovery deduction, Pertain has right to 73. 2143%, and TTS has right to 26. 7857%. Having passed all approval procedures required by Indonesian Ministry of Energy and Mineral Resources (SEEDS) and examines by authorities in charge of investment and law, PIPE was approved by relevant authorities of Indonesia to hold 100% shares of TTS and PIPE got certain licenses to conduct petroleum exploration and development activities in this country.Geographical and Structural Location The Delegate Said-Dart Oilfield is located in Pangolin Brendan, North Sumatra Province, Indonesia, km northwest from Media, km south from Pangolin Brendan-Pertain Oil Refinery and km Pangolin Us Oil Port respectively. The local transportation is very convenient since North Sumatra Highway directly leads to the oilfield. (Fig. 1) Fig. L Location of Delegate Said Dart Oilfield The area under discussion is characterized by hilly topography with a maximum altitude of less than 100 meters. The valley where the oilfields were found has an altitude of mm and the average height of this area is mm.Part of the area is covered by forests, while the other part has been converted into farms. The climate of this area is warm humid and rainy. The majority of the oil wells are located in open spaces of clumps of bushes. Right now in the oilfield, all trunk roads are in good conditions, while the bypaths connected with well sites are mostly destroyed. The oilfield is located in the southwestern part of North Sumatra Basin, which is bounded on the west by exposed pre-tertiary rocks of Barista Mountains, on the south by A sana Dome, on the east by continental shelf of Strait of Malice, and on the north by Madman Sea Basin (Fig. ). The main structure of the basin is located in Besetting- Delegate Said-Dart thrust anticline belt, a structural belt with NW?SE trending axis and asymmetric flanks. Fig. Structural Location of Delegate Said Dart Geological Evaluation North Sumatra Basin is located in the northwestern tip of Sumatra Island, and extends northward to Madman Sea, with a total area of 13. 7x104km2. The onshore part of the basin, which occupies only 16% of the total area, extends from coastal lowlands to foot of Barista Mountains.Being classified as convergent-arc basin (according to Clammy), North Sumatra Basin is one of the most important hydrocarbon areas in Indonesia with 3. 1 51st proven oil reserves in place and 6. 96Ãâ€"1011 mm proven gas reserves in place, totally 10. 1 laxest (oil equivalent), among which, the onshore oil reserves are 2. 31st and gas reserves are 6Ãâ€"1011 mm. The most valuable Arrant Oilfield and Run Gasified are located in the north of Delegate Said Dart Oilfield. 3. Reserve Analysis Geological Reserves Evaluation 1.Calculation Basis (1) Seismic fine structural interpretation, test oil production data, fluid and rock high- pressure physical parameters of laboratory analysis; (2) The old well reservoir of oil and gas production data , reservoir depth and the thickness parameters; (3) New well drilling, logging, petrochemical, fluid properties, oil and gas shows and other ramset's; (4) Combined with reservoir geological knowledge, field development practices in early phase, and the reserve calculation parameters submit from other companies; 2.Reserves Calculation Unit The main reservoir of Delegate Said Dart oilfields is Upper Tertiary MOBS strata. According to the different oil-producing conditions of reservoir, the reservoir of MOBS can be subdivided into 9 members (MOBS-O ? MOBS-8 ), in which the main producing formation is MOBS-2, stereograph ic thickness is about 50-80 meters and the net reservoir thickness is between 10-35 meters. For the other 8 reservoir formations, the highness is relatively small, scale of reserves is correspondingly small, which can be used as potential development reservoir.Due to the emulation of old well information, the reserve calculation unit is limited to â€Å"Central Thrust Fold Belt† main development layer series: MOBS-I, MOBS-2, MOBS-3, the calculation unit is shown in Table 1: Oilfield Development Layer Series Reservoir Top Depth (m) Reservoir Thickness(m) Delegate Said MOBS-I MOBS-2 1 WWW. 5 MOBS-3 >280 350 20 percent), major schedule delay (>20 percent), or poor plant operability after startup is over 30 percent. The need to find and develop new fields is pushing the upstream sector to the extremes in terms of both environment and technology.For the major western petroleum companies, there are few opportunities to extract oil and gas with minimal risk any longer. This is compo unded by an industry-wide skilled labor shortage. This shortage of skilled labor appears to be having a particularly adverse impact on turnarounds (shutdowns) in the refinery sector. Plant turnarounds are the periodic and planned shutdown of facilities to perform maintenance and/or install new equipment. Figure 1 shows the performance of 36 cent high-complexity refinery turnarounds.The average schedule delay is more than 35% and the average cost overrun is 25 percent. Perhaps more importantly, there is a large degree of variability in the performance as indicated by the bars which measure plus one and minus standard deviation. This means that the turnarounds are highly unpredictable. As these trends gather momentum, risks to project execution will only increase. The use and implementation of risk management systems varies widely across the oil and gas industry. Techniques range from simple spreadsheet based systems to more pesticides enterprise-wide software systems.For the most par t, project teams are identifying and tracking risks. However, effective quantification and implementation of response plans is lacking. Highest Rated Risks in Oil and Gas Sector Based on a database of risk registers we have identified what type of risks both project and turnaround teams are consistently rating as the most severe prior to the execution stage. In total, more than 25 risk registers of differing magnitude and granularity have been evaluated and sorted to reveal the dominant sources of perceived project risks in these sectors.For the most part, these teams used similar methodologies and tools to categorize projects within a common Risk Breakdown Structure (ORBS) as well as an applicable Work Breakdown Structures (WEBS). Individual project teams tend to slightly differ on their interpretation of risk categories and to which element within the ORBS the risk should be allocated. To overcome such deficiency, several basic and overarching categories have been introduced to ca pture all risks in a comparable manner. Capital Projects This analysis is based on nine major oil and gas projects.The combined number of kiss identified within the reviewed risk registers amounted to endured- eleven (1 1 1) after eliminating entries that are too high-level, unspecific, or may not qualify within the framework of this study. Subsequently, nine basic categories, such as Market/Commercial, Technology, and Organizational have been created to sort all qualified risks. Pursuant to the sorting, all categories have been counted to determine the rank-order, or priority of each category within the projects risk framework. Technology clearly topped the list, followed by Planning/Schedule and then Organizational.Project teams are consistently focused on ensuring that technical definition and design issues are well-defined prior to the execution stage and tend to view these issues as the ones with the both highest probability of occurrence and highest impact. The primary concern of these teams is to ensure that there is sufficient time to in the project definition phases to minimize the chances of late design changes during detailed design or construction Table (1) – Project Risk Rating Rated in order of Risk Severity RISK CATEGORY SUB-CATEGORIES 1 .Technology – Ensuring adequate technical definition ROR to detailed engineering – Use of new or unproven technology – Design flaws 2. Planning/Schedule – Permitting takes longer than anticipated – Long-lead times for major equipment 3. Organizational Adequate staffing, Effective team Integration and interface management – Partner alignment 4. Market/Commercial (Economic) Ensuring robust economic case (ROI) Cost escalation and budget constraints 5. Scope Definition Tie-ins with existing facilities (Brownfield modifications) – Adequate understanding of SOBS (Outside Battery Limits) interfaces 6.Procurement & Materials Availability of staff and supporting equ ipment 7. Commissioning &Startup (Operational) Interference with on-going operations 8. Health, Safety, and Environment Safety Incident Turnarounds This analysis based on 15 large-scale refinery turnarounds. The combined number of risks form these registers total over 300. The highest rated risk categories deal with obtaining adequate resources in a timely manner. The top rated category is Technical Support followed closely by Contracting and Labor. Both categories are a reflection of the challenges being faced by largesse refinery turnarounds in attracting enough skilled labor.In addition, turnaround teams are having increasing difficulty obtaining adequate internal technical support from other disciplines during the turnaround to deal with problems and trouble-shoot issues, particularly during the critical startup period. Table (2) – Turnaround Risk Rating ORBS category 1. Technical Support -Insufficient training and lack of both in house and contractor resources for startu p and trouble-shooting 2. Contracting and Labor -Limited availability of skilled craftsman and low quality labor 3. Planning, Scheduling, and Cost – Inadequate process/systems to engage discovery work 4.Scope Definition – Late engineering packages 5. Procurement and Materials – On time arrival of materials and procedures to handle and distribute materials 6. Startup & Operations – Insufficient number of operators available for startup 7. Shutdown and Chemical Cleaning – Cleaning and handover of units takes longer than anticipated 8. Organization and Communications – Poor understanding and communication of roles and responsibilities 9. Capital Projects & Integration – Late capital scope and/or incomplete, poorly defined engineering packages 10.Field Execution & Logistics Congestion, traffic, and offside personnel 11. Health, Safety, & Changes in safety procedures, inadequate understanding of new regulations and inexperienced workforce Payback Period Initial Cost of the Project in 2014 is USED 14,114,036 & initial Cost of Capital is USED 33,625,752. The Project Value in the Present Value with the assumptions of 6% inflation will be USED 25,067,150. Payback Period will be in the next 5 years Therefore based on the calculation of the payback plan, the company will be benefits in this project.The project will be benefits for the company besides the positive payback plan that will be in the positive investments in the 7 years of the company's project. It is also will be good opportunities for the company in channeling their assistance with the project since the company is working together with biggest oil company in Indonesia which is Pertain. The company will be benefits on this projects when the project can be success it will give some advantage or favor for the the company since when they are offering another project contract to Pertain since the performance of the current project will be success. Indonesia Petro Project The block Delegate Said-Dart, located in southwestern of North Sumatra Basin, is the oldest oilfield in Indonesia, with total area of 82 km. It was firstly discovered in 1883, with the development history of fifty years. Oil and gas exploration and development mainly depends on surface geological surveys.In the absence of any modern seismic exploration and logging techniques, oil and gas structural traps were found in the field and produced with outmoded drilling and oil extraction technology. The cumulative oil production of blocks Delegate Said and Dart reached 2335 million rarely before abandonment as the outbreak of war in 1937.Alpha Until sass and sass, the Indonesian National Oil Company (hereinafter referred to as Pertain) and Mobil Oil Company Jointly drilled two deep exploration wells; from year 1977 to 1995, Pertain has carried out AD seismic exploration and research , drilled four deep exploration wells, through which they basically figured out sedimentary characteristics and stereographic features of the field, found out Bang formation and its underlying strata with favorable reservoirs, during which period no systematic re- exportation and development was conducted.During 2002-2012, contractor made secondary development of Delegate Said Dart oilfield. 13 development wells were drilled, among which 9 were put into production as oil well, with a total oil production of nearly 40 thousand barrels, and re exploited 12 old wells abandoned in 1937 with 18 thousand barrels of crude oil production. There were totally over 58 thousand barrels of crude oil produced from newly drilled development wells and recovery wells. 30 years of oil and gas discoveries, more than 50 years of early development, ever 60 years of intermittent exploration, and 10 years of secondary recovery, all show that people have great expectation of new breakthroughs and new discoveries in this field. Feasibility Study 1 . Study Basis All the information and data obtained during the pro cess of the field exploration and development in last 130 years are the only basis to know this field and study it by modern technology, and what's more, it is the origin of confidence on re- understanding, re-evaluation and re-determination of secondary development on the field.In the early period of Oil blocks selection and evaluation, three aspects of this lied have been noticed as follows: (1) Before being abandoned in 1937, relying on simple basic information as surface geological survey and hydrocarbon leakage, BPML companies conducted 50 years of drilling and production work, drilling 176 wells in Delegate Said oilfield, among which are oil wells, accounting for 83%; 247 wells were dilled in Dart oilfield, and 161 were oil wells, accounting for 65%.From amount and success rate of BPML drilling wells, it can be seen that the drilling success rate was very high, indicating that the oil and gas reservoir-cap system is completely preserved. 2) Pertain and Mobil drilled two explor ation deep wells, Delegate AAA and Delegate Bal 1970, and four exploration wells, TTS-I, DOUR-I, TTS-I and Path-8 were drilled by Pertain.According to AD seismic data from 1973,1974,1975,1978, there are only a small number of seismic lines, large quantities of AD digital seismic were intensively collected in year 1985 and 1990, which means that only Path-8 well is the exploration well drilled after mass of AD digital seismic; from analysis of seismic collection and drilling time, it is thought that only Path-8 wells used the AD digital seismic data, which was one of only two oil wells ring this period (another well is Delegate 81). 3) During 2006-2009, 13 development wells were drilled in TTS, among which 9 were put into production as oil wells, with drilling success ratio of about 70%, while in the output of about 4 million barrels of crude oil, well DE-AAA was flowing in production and the yield accounted for 50% , indicating that the area remains high formation pressure and oil s ources have been constantly supplemented.From data analysis of TTS geological studies, drilling design and drilling engineering and other aspects, it is found that he comprehensive geological study does not concern the use of seismic data and construct, still clinging to the simple BPML period geological survey, and many factors including wrong selection of drilling technology resulting serious pollution of the target layer by mud eventually leaded to the consequences of low drilling success ratio and the low oil and gas production.But from the analysis of adjacent wells within the drilling distance of mm, DE-181 A could reach substantial oil and gas production under the circumstance of simply improving drilling technology, which means a great potential for secondary development for an old oilfield located nil . Km anticline structure, and with 14. 98 million barrels of crude production before the year 1937. The above shows, although after 130 years of exploration and development, t he main production period of Delegate Said Dart oilfield is still the 50 years before 1937, and the exploration and development technology is relatively lag behind.With widely use of modern oil and gas exploration and development as well as drilling technology, the field will be able to make new discoveries and breakthroughs. In recent months, PIPE has setup a professional technical team of oil and gas exploration and development, through data collection, collation, post- processing analysis and research of the oilfield geological, seismic, logging and other aspects, combined with data analysis and preliminary study on drilling technology, well testing, and production performance, the main conclusions are as follows. 2.Project Profile The Delegate said Dart Oilfield project a TACT (TECHNICAL ASSISTANCE CONTRACT) project established by Pertain and TTS with the purpose of oil recovery and improvement of recovery factor, the term of the contract is 20 years. Party A, Pertain, the natio nal oil company of Indonesia; Part B, P. T. TTS, a company established under Indonesian law, with headquarters in Jakarta, who offers technical assistance for hydrocarbon exploration. During the term of the contract, TTS may recover 80% of its investments from the sales profit of oil production in the first 3 years, and up to 65% in the subsequent years.Of the remaining crude oil after cost recovery deduction, Pertain has right to 73. 2143%, and TTS has right to 26. 7857%. Having passed all approval procedures required by Indonesian Ministry of Energy and Mineral Resources (SEEDS) and examines by authorities in charge of investment and law, PIPE was approved by relevant authorities of Indonesia to hold 100% shares of TTS and PIPE got certain licenses to conduct petroleum exploration and development activities in this country.Geographical and Structural Location The Delegate Said-Dart Oilfield is located in Pangolin Brendan, North Sumatra Province, Indonesia, km northwest from Media, km south from Pangolin Brendan-Pertain Oil Refinery and km Pangolin Us Oil Port respectively. The local transportation is very convenient since North Sumatra Highway directly leads to the oilfield. (Fig. 1) Fig. L Location of Delegate Said Dart Oilfield The area under discussion is characterized by hilly topography with a maximum altitude of less than 100 meters. The valley where the oilfields were found has an altitude of mm and the average height of this area is mm.Part of the area is covered by forests, while the other part has been converted into farms. The climate of this area is warm humid and rainy. The majority of the oil wells are located in open spaces of clumps of bushes. Right now in the oilfield, all trunk roads are in good conditions, while the bypaths connected with well sites are mostly destroyed. The oilfield is located in the southwestern part of North Sumatra Basin, which is bounded on the west by exposed pre-tertiary rocks of Barista Mountains, on the south by A sana Dome, on the east by continental shelf of Strait of Malice, and on the north by Madman Sea Basin (Fig. ). The main structure of the basin is located in Besetting- Delegate Said-Dart thrust anticline belt, a structural belt with NW?SE trending axis and asymmetric flanks. Fig. Structural Location of Delegate Said Dart Geological Evaluation North Sumatra Basin is located in the northwestern tip of Sumatra Island, and extends northward to Madman Sea, with a total area of 13. 7x104km2. The onshore part of the basin, which occupies only 16% of the total area, extends from coastal lowlands to foot of Barista Mountains.Being classified as convergent-arc basin (according to Clammy), North Sumatra Basin is one of the most important hydrocarbon areas in Indonesia with 3. 1 51st proven oil reserves in place and 6. 96Ãâ€"1011 mm proven gas reserves in place, totally 10. 1 laxest (oil equivalent), among which, the onshore oil reserves are 2. 31st and gas reserves are 6Ãâ€"1011 mm. The most valuable Arrant Oilfield and Run Gasified are located in the north of Delegate Said Dart Oilfield. 3. Reserve Analysis Geological Reserves Evaluation 1.Calculation Basis (1) Seismic fine structural interpretation, test oil production data, fluid and rock high- pressure physical parameters of laboratory analysis; (2) The old well reservoir of oil and gas production data , reservoir depth and the thickness parameters; (3) New well drilling, logging, petrochemical, fluid properties, oil and gas shows and other ramset's; (4) Combined with reservoir geological knowledge, field development practices in early phase, and the reserve calculation parameters submit from other companies; 2.Reserves Calculation Unit The main reservoir of Delegate Said Dart oilfields is Upper Tertiary MOBS strata. According to the different oil-producing conditions of reservoir, the reservoir of MOBS can be subdivided into 9 members (MOBS-O ? MOBS-8 ), in which the main producing formation is MOBS-2, stereograph ic thickness is about 50-80 meters and the net reservoir thickness is between 10-35 meters. For the other 8 reservoir formations, the highness is relatively small, scale of reserves is correspondingly small, which can be used as potential development reservoir.Due to the emulation of old well information, the reserve calculation unit is limited to â€Å"Central Thrust Fold Belt† main development layer series: MOBS-I, MOBS-2, MOBS-3, the calculation unit is shown in Table 1: Oilfield Development Layer Series Reservoir Top Depth (m) Reservoir Thickness(m) Delegate Said MOBS-I MOBS-2 1 WWW. 5 MOBS-3 >280 350 20 percent), major schedule delay (>20 percent), or poor plant operability after startup is over 30 percent. The need to find and develop new fields is pushing the upstream sector to the extremes in terms of both environment and technology.For the major western petroleum companies, there are few opportunities to extract oil and gas with minimal risk any longer. This is compo unded by an industry-wide skilled labor shortage. This shortage of skilled labor appears to be having a particularly adverse impact on turnarounds (shutdowns) in the refinery sector. Plant turnarounds are the periodic and planned shutdown of facilities to perform maintenance and/or install new equipment. Figure 1 shows the performance of 36 cent high-complexity refinery turnarounds.The average schedule delay is more than 35% and the average cost overrun is 25 percent. Perhaps more importantly, there is a large degree of variability in the performance as indicated by the bars which measure plus one and minus standard deviation. This means that the turnarounds are highly unpredictable. As these trends gather momentum, risks to project execution will only increase. The use and implementation of risk management systems varies widely across the oil and gas industry. Techniques range from simple spreadsheet based systems to more pesticides enterprise-wide software systems.For the most par t, project teams are identifying and tracking risks. However, effective quantification and implementation of response plans is lacking. Highest Rated Risks in Oil and Gas Sector Based on a database of risk registers we have identified what type of risks both project and turnaround teams are consistently rating as the most severe prior to the execution stage. In total, more than 25 risk registers of differing magnitude and granularity have been evaluated and sorted to reveal the dominant sources of perceived project risks in these sectors.For the most part, these teams used similar methodologies and tools to categorize projects within a common Risk Breakdown Structure (ORBS) as well as an applicable Work Breakdown Structures (WEBS). Individual project teams tend to slightly differ on their interpretation of risk categories and to which element within the ORBS the risk should be allocated. To overcome such deficiency, several basic and overarching categories have been introduced to ca pture all risks in a comparable manner. Capital Projects This analysis is based on nine major oil and gas projects.The combined number of kiss identified within the reviewed risk registers amounted to endured- eleven (1 1 1) after eliminating entries that are too high-level, unspecific, or may not qualify within the framework of this study. Subsequently, nine basic categories, such as Market/Commercial, Technology, and Organizational have been created to sort all qualified risks. Pursuant to the sorting, all categories have been counted to determine the rank-order, or priority of each category within the projects risk framework. Technology clearly topped the list, followed by Planning/Schedule and then Organizational.Project teams are consistently focused on ensuring that technical definition and design issues are well-defined prior to the execution stage and tend to view these issues as the ones with the both highest probability of occurrence and highest impact. The primary concern of these teams is to ensure that there is sufficient time to in the project definition phases to minimize the chances of late design changes during detailed design or construction Table (1) – Project Risk Rating Rated in order of Risk Severity RISK CATEGORY SUB-CATEGORIES 1 .Technology – Ensuring adequate technical definition ROR to detailed engineering – Use of new or unproven technology – Design flaws 2. Planning/Schedule – Permitting takes longer than anticipated – Long-lead times for major equipment 3. Organizational Adequate staffing, Effective team Integration and interface management – Partner alignment 4. Market/Commercial (Economic) Ensuring robust economic case (ROI) Cost escalation and budget constraints 5. Scope Definition Tie-ins with existing facilities (Brownfield modifications) – Adequate understanding of SOBS (Outside Battery Limits) interfaces 6.Procurement & Materials Availability of staff and supporting equ ipment 7. Commissioning &Startup (Operational) Interference with on-going operations 8. Health, Safety, and Environment Safety Incident Turnarounds This analysis based on 15 large-scale refinery turnarounds. The combined number of risks form these registers total over 300. The highest rated risk categories deal with obtaining adequate resources in a timely manner. The top rated category is Technical Support followed closely by Contracting and Labor. Both categories are a reflection of the challenges being faced by largesse refinery turnarounds in attracting enough skilled labor.In addition, turnaround teams are having increasing difficulty obtaining adequate internal technical support from other disciplines during the turnaround to deal with problems and trouble-shoot issues, particularly during the critical startup period. Table (2) – Turnaround Risk Rating ORBS category 1. Technical Support -Insufficient training and lack of both in house and contractor resources for startu p and trouble-shooting 2. Contracting and Labor -Limited availability of skilled craftsman and low quality labor 3. Planning, Scheduling, and Cost – Inadequate process/systems to engage discovery work 4.Scope Definition – Late engineering packages 5. Procurement and Materials – On time arrival of materials and procedures to handle and distribute materials 6. Startup & Operations – Insufficient number of operators available for startup 7. Shutdown and Chemical Cleaning – Cleaning and handover of units takes longer than anticipated 8. Organization and Communications – Poor understanding and communication of roles and responsibilities 9. Capital Projects & Integration – Late capital scope and/or incomplete, poorly defined engineering packages 10.Field Execution & Logistics Congestion, traffic, and offside personnel 11. Health, Safety, & Changes in safety procedures, inadequate understanding of new regulations and inexperienced workforce Payback Period Initial Cost of the Project in 2014 is USED 14,114,036 & initial Cost of Capital is USED 33,625,752. The Project Value in the Present Value with the assumptions of 6% inflation will be USED 25,067,150. Payback Period will be in the next 5 years Therefore based on the calculation of the payback plan, the company will be benefits in this project.The project will be benefits for the company besides the positive payback plan that will be in the positive investments in the 7 years of the company's project. It is also will be good opportunities for the company in channeling their assistance with the project since the company is working together with biggest oil company in Indonesia which is Pertain. The company will be benefits on this projects when the project can be success it will give some advantage or favor for the the company since when they are offering another project contract to Pertain since the performance of the current project will be success.