Skip to main content

The general safety measures taken during civil engineering construction.

The following safety measures are taken during civil engineering construction. (i) Suitable scaffolds should be provided for workmen. (ii) When ladder are used, it should be provided with foot holds and hand holds and inclination of one is to four (1 horizontal : 4 vertical) be provided. (iii) The scaffolding should be properly supported and shall have a guard rail property attached to it. (iv) Every opening in floor of a building should be provided with suitable means to prevent the fall of persons or materials. (v) Fencing and lights shall be provided to protect the public from accident. (vi) The excavated material shall not be placed within 1.5m of the edge of the trench or half the depth whichever is more to avoid collapse of sides due to surcharge. (vii) No undermining or undercutting shall be allowed. (viii) All roads and open areas adjacent to any side where demolition is to be carried out, must be closed or suitably protected. (ix) No electrical cable etc. shall remain electric
Post a Comment

The concept of financial management. The important characteristics of financial management.


Financial management is the most important branch of business administration. One cannot think of any business activity in isolation from its financial implications. Acceptance and rejection of any business position depends on the basis of its financial viabilities. So we can say that finance is considered the life blood of a business enterprise. business finance is a broader term then corporation finance because the later deals with the financial problems of corporate enterprise whereas the former is considered with the financial problems of proprietorship, partnership companies and other types of business enterprises. 

Characteristics of financial management:

The importance of financial management is described below:

(a) It is the most important and excellent tool by which funds are raised from various sources for onward allocation on various projects.

(b) It provides desigining and implementation of plans for effective utilization of funds so raised.

(c) It makes decision on financial matters and review their executions.

(d) It implies more comprehensive concepts besides profit making on efficiency with broader mission to maximise the value of the firm so that the interest of the different sections of the society remain undisturbed and protected.

(e) It is applicable to all types of organisations irrespective of their size, nature whether it is a manufacturing or service organisation.

(f) It does not merely handle day to day routine matters but takes care of more complex problems pertaining to mergers and reorganisations and play two distinct roles such as safeguarding interests of the corporation and secondly watching the interests of the oweners and other sections of the community. In this respect it is a rope-walking exercise an interested gimmick.

(g) Its working has been divided three main areas such as:
(i) Decisions on the capital structure 
(ii) Allocation of available funds to specific uses
(iii)  Analysis and appraisal of problems

(h) A financial manager is usually located at a high level in an organisation, and is one of those who advise the president and board of directors under authority and policies are formulated and financial decisions are made. The chief financial officer acrries the title of vice president, serves as chairman of the finance committee and reports directly to the president and board of directors. 

(i) A financial manager anticipates (forecasts) financial needs and acquires financial resources keeping in view such need of an organisation.

(j) A financial manager makes a wise choice between profitability and liquidity inspite of the fact that both are essential and desirable. profitability means making profit by investing money/ capital so raised (liquidity) 

 

 

Labels:

Comments

Post a Comment

Kindly let me know, if you want to know anything.

Popular posts from this blog

HOW TO DEVELOP A NEW PRODUCT.

STEPS TO SUCCESSFULLY DEVELOP A NEW PRODUCT: Various phases for successfully developing the product are: 1. PLANNING: It is also known as zero phase since it precedes the project approval and launch of the actual product development process. this phase begins with corporate strategy and includes assessment of technological developments and market objectives. the output of this phase is project mission statement, which specifies the target market for the product, business goals, key assumptions and constraints.  2. CONCEPT DEVELOPMENT: In this phase of concept, the needs of market are identified, alternative product concept are generated and evaluated and a single concept is selected for further development.  3. SYSTEM-LEVEL DESIGN: The system-level design phase includes the definition of the product architecture and the division of the product into sub-systems and components. The final assembly scheme for the production system is usually defined during this phase as well. The output of
3 comments
Read more

Four C's Model for Evaluate an Organization's Human Resource Management Program

Explain how the four C's Model can be used to evaluate an organization's human resource management program?   Four C's of Human resource management program given by Harvard Business School: 1. COMMITMENT: Every worker should be committed to his work sincerely in order to give best performance.  2. CONGRUANCE: The worker must work in harmony with his colleagues and management both achieve his targets. 3. COMPETENCE: For professional employees to develop competencies and inter-personal skills. Such as coaching, group process and problem solving are the important tasks for HRD programs. Competency in performing the job as needed to grow organizations in a global environment.   4. COST EFFECTIVENESS: The salary or any other benefits provided to employee by management depends upon his cost effectiveness to the otganisations. So employee must look for his cost effectiveness in an organisation.
2 comments
Read more

Differences between manufacturing and service operations.

Question : What are the important differences between manufacturing and service operations ? (Summer 2005) Manufacturing Operations :  1. Manufacturing involve tangible goods production. 2. Manufacturing involve heavy plant and machinery. 3. Raw materials, work in process and finished goods can be inventoried. 4. Maintenance is often preventive and takes place at production site. 5. Customer is not in the most of the process. Service Operations :  1. Services are usually intangible (ex: buying a ride on a vehicle) 2. Services are often produced and consumed simultaneously. 3. Services have inconsistent product definition. 4. Maintenance is often repair and takes place at customer's site. 
Post a Comment
Read more