Management PortfolioHAVARD SYSTEM Essay Example | Topics and Well Written Essays - 4000 words

Management PortfolioHAVARD SYSTEM - Essay Example subjects within themselves – Construction engineering, Irrigation engineering, Transportation engineering, Soils and Foundation engineering, Geodetic engineering, Hydraulic engineering, and Coastal & Ocean engineering. Civil Engineering is & will continue to be the most rewarding & vibrant profession in this century. However, the kind of work associated with the engineering profession will continue to change depending upon the changes in the management portfolio of the profession. The ongoing rapid technological enhancements, the population explosion and the ever increasing global environmental issues are continuously changing the methodology in which the civil engineering activities were being carried out across the globe. Also, gradually the work is being linked to the local societal changes with the changing influences of the government and privatization. In the modern world, the Civil Engineering profession possesses more accountability beyond the engineering activities itself. It is required take into consideration the global perspective of the life supporting resources as they are declining due to increased consumption. In the modern scenario, Civil Engineering projects cause major changes in the local society, culture, habitats, plants, animals & the well being of the citizens of a country. Virtually all the civil engineering structures are unique as they are designed with some specific tasks in mind for some specific location. Any Civil Engineering completion project comprises of five different activities as follows: Figure 1 shows the various primary engineering & management processes & systems that impose a great amount of impact on the civil engineering work as well as the impact of the civil engineering projects on the local society and the natural environmental aspects, in the locality, region as well as the global environment. The Management portfolio of a Civil Engineering company may differ from organization to organization depending upon the

Country Report Assignment Example | Topics and Well Written Essays - 1500 words

Country Report - Assignment Example On the other hand, the discovery of oil in the 1940s transformed Qatar (O’Brien, 2010, p.412). At present, it has high standard of living with highest GDP per capita in the world as of 2010 of more than USD 88,000 (Greenfield, 2012). For the present paper a comparison of the fiscal policies and inflation rates of these two countries are considered. Furthermore, in the UK, during the regime of the labor governments, government’s size and spending grew significantly. Compounding the budget deficit Labor government bailout several British banks in 2008 and indulged in massive government’s borrowing (United Kingdom, 2013). In 2010, after formation of Prime Minister David Cameron’s Conservative–Liberal Democrat coalition government austerity measures were implanted rigorously. In early 2012, the economy returned to recession and growth averaged zero over the year as a whole. In its budget announcement of March 20, the UK govt. decided to stick to its def icit-reduction plan, which is broadly fiscally neutral (United Kingdom, 2013). UK Fiscal Policy and Inflation rate- UK Government’s fiscal plan is underpinned by a forward-looking fiscal mandate to achieve cyclically-adjusted current balance by the end of the rolling, five-year estimate period, as cited in the June Budget 2010. The fiscal mandate directs fiscal policy decisions over the medium term, ensuring that the Government sets plans steady with a reduction in the structural deficit. The fiscal mandate is based on: †¢ A cyclically-adjusted aggregate, to allow some fiscal elasticity at times of economic uncertainty; †¢ A rolling five-year forecast period, to ensure that fiscal consolidation is delivered over a realistic and probable timeframe; and †¢ The current balance, to protect the most productive public investment expenditure. The establishment of Office for Budget Responsibility (OBR) has significantly enhanced the credibility of the UK’s fisca l framework by ensuring that the Government’s fiscal policy decisions are based on independent forecasts for the economy and public finances (Copy of the Budget Report, 2013 p12). Figure-1  (Deficit, national debt and government borrowing - how has it changed since 1946? 2013) UK inflation has been above target since December 2009 and the central bank has quoted this as one reason for not resumption of its bond repurchase program. High inflation has had an erosive impact on the UK economy, reducing households’ disposable income Approximately a 40% rise in food prices and the impact of rising oil and commodity prices coupled with a weakening pound, plus hikes to VAT [sales tax] and tuition fees took a huge toll on the high street (Katrina, 2013). Figure-2  Source: United Kingdom Inflation Rate, 2013 Qatar’s Fiscal policy and inflation rate- While many advanced world economies were twirling under severe recession in the recent past, Qatar has taken head on, th e global financial crisis, reflecting timely and focused policy response by the authorities. The considerable advancement of liquefied natural gas capacity, large government support to the banking system, and increase in public spending helped Qatar in sustaining high growth rates. Heavy investment in liquefied natural gas (LNG) production capacity and increases in LNG production over the last couple of years have been the main drivers of Qatar’s robust growth (Qatar Economic Statistics at a Glance, 2012,p.4) Figure-3  (Qatar Economic