Chapter 7 Budgeting and Cost Estimation Copyright 2009 John Wiley & Sons‚ Inc. Low Bids If you are bidding on a project‚ do you want your bid to be as low as possible and still make a profit? Accept Low Bid If you are accepting bids on a project‚ do you want to accept the lowest bid? Budgeting A plan for allocating scarce resources to the various endeavors of an organization A budget implies constraints Thus‚ it implies that managers will not get everything they
Premium Project management
2 SURFACE MINING METHODS REFERENCE: BULLIVANT‚ DA. Current Surface Mining Techniques. Journal for the Transportation of Materials in Bulk: Bulk Solids Handling‚ vol 7‚ n6‚ December 1987‚ pp827-833. 2.1 Ore reserves Suitable for Surface Mining Ore reserves suitable for surface mining can be classified initially as; Relatively horizontal stratified reserves with a thin or thick covering of overburden Stratified vein-type deposits with an inclination steeper than the natural angle of
Premium Mining
depreciation methods that are available to a company? There is the Activity Method‚ Straight-line Method‚ Sum-of-the-Years’-Digits Method and the Declining-Balance Method. 2. What are the similarities and the differences? The Activity Method‚ which is also known as the variable charge or units of production method. With this method‚ we consider the productivity and not the passage of time. The life of the asset is considered by the output and the input. There is however a limitation to this method
Premium Depreciation
Three of the earliest teaching methods were the Grammar-Translation Method‚ the Direct Method‚ and the Audio-lingual Method. Discuss these three methods. Also‚ explain their shortcomings which led to more current approaches in the teaching of grammar to L2 speakers. 1. i) Grammar Translation Method (GTM): Grammar-translation method is the extension of the Classical method which began in Germany (Prussia) in the late 18th century. It was then become popular in the early 19th century. It is one
Premium Linguistics Language education Direct method
METHODS OF IRRIGATION The manner in which water is applied to the land is commonly referred to as method of irrigation. These methods are adopted to apply irrigation water to the crop depending on the landscape‚ amount of water and equipment available‚ the crop and method of cultivation of crop. The main aim of these methods is to store water in the effective root zone uniformly and in maximum quantity ensuring minimum water loss and to get optimum yield. Various methods of irrigation are: 1.
Premium Irrigation Soil Water
take a decision on the following methods: 1. Full cost method 2. Successful effort method in the exploration and evaluation of oil and gas Solution The alternatives used in financial accounting and reporting by oil and gas producing companies have been grouped under two basic methods of accounting which are: i) The Full Cost Method ii) The Successful efforts method The Full Cost Method An accounting system used by companies that incur exploration costs for oil and natural gas that does
Premium Generally Accepted Accounting Principles Petroleum Income statement
Delphi method∗ Abstract The Delphi method was originally developed in the 50s by the RAND Corporation in Santa Monica‚ California. This approach consists of a survey conducted in two or more rounds and provides the participants in the second round with the results of the first so that they can alter the original assessments if they want to - or stick to their previous opinion. Nobody ‘looses face’ because the survey is done anonymously using a questionnaire (the first Delphis were panels)
Premium Futurology Delphi Forecasting
PARTICIPATORY METHODS By Dr. Linda Mayoux ABSTRACT: PARTICIPATORY METHODS Participatory methods should be an integral part of any impact assessment for enterprise development. Their use is necessary to addressing the concerns of both the sustainable livelihoods approach and the human rights approach in DFID-funded enterprise interventions. Participatory methods are now well developed in relation to project-level impact assessment. CONTENTS: Introduction Section 1: WHAT ARE PARTICIPATORY METHODS? PRINCIPLES
Premium Qualitative research Poverty Quantitative research
Quantitative Methods BITS Pilani Pilani Campus Course handout BITS Pilani Pilani Campus Session-1 Instructor Details Dr. Remica Aggarwal 1214 C ; FD-1 Department of Management Email: remica_or@rediffmail.com Mobile: 09772054839 BITS Pilani‚ Pilani Campus Course Details • • • • • • • Management Science Use of QM/QA Modelling Techniques Data Analysis Techniques MS Excel QM for Windows Test BITS Pilani‚ Pilani Campus Quantitative Methods • • • • • • • Operations
Premium Random variable Normal distribution Statistical hypothesis testing
advantages and disadvantages of using ethnographic methods for sociological research I am going to look at the advantages and disadvantages of using ethnographic methods for sociological research. Ethnography is in-depth research into people’s lives through the use of primary data such as Observations and Interviews‚ and also secondary data such as diaries‚ and official documents. The first method of research I am going to look at is a primary research method that is unstructured interviews. There are
Premium Research Scientific method Interview