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Essay / Research Paper Abstract
A 10 page paper discussing information sharing as a form of risk management. Whether a one-person business specializing in small home repair or a multinational construction firm that undertakes only multimillion-dollar government-funded projects, cost and budget control can be as important to the success of the construction business as is technical expertise. In today’s environment, it is critical that partners involved in construction projects share the information they have about their joint projects. Bibliography lists 17 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSconstInter.rtf
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Unformatted sample text from the term paper:
one-person business specializing in small home repair or a multinational construction firm that undertakes only multimillion-dollar government-funded projects, cost and budget control can be as important to the success of
the business as is technical expertise. In todays environment, it is critical that partners involved in construction projects share the information they have about their joint projects. Financial
Control Quality issues are common in construction projects of all sizes, but costs and budgetary control are believed to be deficient in nearly
half of all construction projects. Beyond the need for controlling costs during a specific project is the need for sound financial management of the organization over the long term.
Organizations in every industry have been forced to become more efficient in recent years. Management publications have been filled for much of
the decade of the 1990s with exhortations for senior managers to encourage groups and individuals at all levels of the organization to become more efficient and innovative in the execution
of their duties. Business planning has been seen for decades as being central to good management in that it can implement direct and
explicit goals that have been formally established for the organization. Oakes, Townley and Cooper (1998) write that business planning can be seen as a mechanism of control, that it
has the power to change any organization by changing and controlling the capital that continues to be at stake regardless of the status of the organization. Whether large or
small, active or "between projects," fiscal responsibility and control can affect the very existence of the organization. In the case of a project
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