ECONOMICS FOR CONSTRUCTION AND REAL ESTATE Kwan Tsz Him (11168188D) Kwan Cheuk Pui (11055717D) Cheng Ming Xian (11704592D) Introduction Although Hong Kong has less land‚ there are always construction projects happening everywhere in Hong Kong‚ for example‚ West Kowloon Cultural District development‚ Kwun Tong redevelopment project‚ etc. However‚ workers and capital involved in the construction industry have been decreasing. In this report‚ we will discuss whether the construction industry is the ‘pillar’
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MAINTAINING QUALITY IN CONSTRUCTION INDUSTRY What is Quality? The term quality means different things to different people. Some take it as the degree of excellence of a product while some take it to be the ability of a product to satisfy a need. According to the International Organization for Standardization‚ quality means “the degree to which a set of inherent characteristics fulfils the requirement.” So what is the importance of quality in the construction industry? Every construction company faces
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At the end of year 11 I had seen my future career path heading towards Business management‚ as I have the skills needed to motivate teams‚ solve problems and communicate with others to get jobs set to me complete. All skills which can also be transferred to construction management. However construction management offers me the challenge of having to find solutions to problems on a daily basis and the promise that no two jobs will ever be alike but most importantly it will mean that I get a lot of
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Stress and conflict are two major issues any organisation faces. They are inevitable in all facets of life‚ be individual or organisational. If not handled well they can be a hindrance for the company performance. Conflict and stress both varies according to the organisation and its culture. But both need to be managed well to avoid unnecessary problems. Conflict is a perception. Surveys show that employees spend as much as 42% of their time engaging in or attempting to resolve conflicts and 20%
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RBUS2900 Case Study Part 1 Question 1: Provide an interpretation of the output to describe the following variables: Satisfaction Level (X7)‚ Safety Level (X8)‚ Safety Rating (X9)‚ and Type of Industry (X10) Answer 1: Satisfaction Level (X7) The average satisfaction rating by the 160 customers who have had past purchases from ManuFactu-R-US was 5. There was small standard deviation of only 1‚ with the majority of customer ratings ranging between 4 and 6. The maximum rating given was 7 and the
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Project Management Plan In order for the Smallsville Public Library Project to be a success‚ proper planning is crucial. The lines of communication need to be clearly established early in the planning of the project. To best serve the owner’s needs‚ a construction management firm can act as an advisor to the owner and can help to communicate the needs of the owner to the design team and construction team‚ while keeping the owner at the top of the communications web so that all communication
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Conflict Management Learning Team A: Dana Stinson‚ Timothy Bird‚ Sterling Richards‚ Diana Loutensock LDR/531 October 5‚ 2010 Richard Hartley‚ M.A. Conflict Management Training Program Our consulting firm‚ Conflict Professionals‚ specializes in training all levels of managers (executive‚ mid- and entry-level) in the art of managing conflict within their teams and organizations. What is conflict and how does it arise? Typically‚ it occurs when two or more people oppose one another because
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The outcome of construction projects heavily relies on the inputs used in these projects. The various inputs used for buildings and construction projects include raw material and labor necessary to convert the raw material into a finished project. The workers in the construction industry have traditionally been specialized in their specific areas of work and are jobs are assigned based on this specialization. The division of work is the mere process of separating work and assigning it to workers
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Head: CONFLICT MANAGEMENT STYLES Conflict Management Styles Myriam Mounchandini University of Phoenix CJA/444 – Organizational Behavior and Management Michael Renese Jun 10‚ 2013 Abstract A conflict is a common part of workplace relationships defined as a disagreement between two individuals affecting something that one party care about. People working together may implement conflict management approaches appropriate for disputes that arise. Several types of conflict management approaches
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Conflict Causes and Management Conflict management plays a key role in any organization. Conflict management helps to identify and resolve the issues even before it happens. As defined in the dictionary‚ the following bear closer resemblance with what some organizations define as conflict. Conflict is defined as the opposition of persons or forces that gives rise to the dramatic action in a drama or fiction; and incompatibility ’ or interference‚ as of one idea‚ desire‚ event‚ or activity
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