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Tourism today has grown significantly in both economic and social importance. Travel and tourism is the largest industry in the world on virtually any economic measure including : gross output,value added,capital investment,employment and tax contributions. In 1992 worldwide international arrivals had reached 467 million. In 1992, the Industry’s gross output was estimated to be $3.5 trillion, over 12% of all consumer spending worldwide international tourism receipts rose by 6-7% in 1992 to $278 billion. The travel and tourism industry is the world’s largest employer. With almost 130 million jobs,or almost 7% of all employees. This industry is the world’s leading industrial contributor, producing over 6% of the world gross national product, and accounting for capital investment in excess of $422 billion in new facilities and equipment. In addition, it contributes almost $400 billion in direct, indirect and personal taxes each year.
Tourism is the major source of income for a significant number of countries including Italy,Spain,Switzerland, and most Caribean countries. All countries who have accorded priority to tourism development have succeeded in attracting the targeted number of tourists. Spain attracts more than 40 million tourists a year. Singapore with relatively no tourism potential draws 7 to 8 million visitors per year.
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Construction Equipment namely those equipments namely as Dumpers,Back-hoe loader, Piling-rig, Heavy duty cranes,russian bull-dozer,Piling rigs,Transit Mixers,Boom-palcer,Fork lift ,Mobile tower crane etc. which is used mainly in Construction Industries in India & International levels. There is huge prospects of those industries in India & most of the International counties like russia,Germany, USA etc. Even in India, manfacturers of those equipments like L&T, camatsu,catter-pillar are renowned. In India, now-a-days it is one of the very boom sectors, Even in Middle East also like Doha,Qatar,Kuwait,Dubai now-a-days very popular. In India & middle East most of these Equipments are used in Construction industries like Road,Brides,High rise Builings,Metro-Railway constructions etc. It is given on Rental to those construction Industries like Simplex,GMR,DLF by the Rental Industries companies. When there is a shortage of Heavy duty cranes in India & other counties also, which most of the Rental companies imported from outside International counties which is popularly categories as Used machineries. So, for Importing most of the equipments their landed cost comes to certain amount which may given on rental to construction Industires will take may be 5 to 10 years to make the investment at Break even. Although , there is maintenance cost also very high since most of the Equipments are very old in age. Most of the machineries which are imported their custom duties also very high but if it is used in National projects in India so there is a benefit of Customes duties Exemption also.
But still it cannot be denied that there is huge profitability also for this type of Heavy duty industries In india & lot of employment oppertunities for Engineering professionals like Mechanical Engineers,Electrical engineers ,Civil Engineers as well as commercial & supply chain Management professionals.
So, For Rental companies now-a-days given special efforts given on marketing wing, Sales,commercial & supply chain deptts because it is co-related each & every deptt’s work as soon as the machines deploy to the sites & also Acquistion from the sites also after project is finished. Lot of logistical infrastural issues are there to run this type of industries. Again, there is also Govt. Policy support & regualtions framework is there to increase this type of business in India.
But still it cannot be deniel that Construction Equipment rental Industies play a more important role in Construction Industries which has got a major contributions towards national Income in India with sepcial reference to GDP & NNP.
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What is a Project ?
A Project has some or all of these features :
Unique, non-repetitive
Multiple Products = coordination
Multiple Linked Tasks
Multiple Agencies = Complexity
Limited time =prioritasation
Limited Rescources =optimisation
Engineering
Process Know-how
Planning and controlling
Unknowns, Risks
Definition : “A Set of co-ordinated activities,with a specific start and finish, pursuing a specific goal with constraints on time,Cost and Resources”(ISO 8402)
“A management environment that is created for the purpose of delivering one or more business products according to a specified business case”
Keys to successful PM :
1) Planning,Doing,Controlling
2) Right actions at right time
3) Working systematically-not intuitively
4) Managing time and resources
5) Risk Management
6 ) Managing Claims
Milestone Process Project Management :
Pre-Acquisition—–Project Acquisition—-Bid Preparation—-Contract Negotiation—-Project Handover—-Project Opening & clarification——Detail Planning——Sourcing & Manufacturing—-shipment—–Erection/Installation——–Commissioning——Acceptance test—–Warranty period
There are 2 phases of the Project : 1) Realization Phase 2) Operation Phase.
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Banks create Credit.Credit creation by commercial banks India & most of the federal reserves in US,UK, & all european countires from a small deposit how Commercials banks & federal reserves create credit that can be mentioned within the short space of an Essay.
Commercial bank knows that every Investors deposited money in commercials banks cannot be able to withdrawn whole portion of their deposits in a single day. let say Mr.X deposited $10000 in Bank of America. As per rules of Reserve bank of India & federal reserves of US,UK, there is minimum deposits should be kept as reserves with the commercial banks/Federal reserve banks.
Let say 10% of Total deposit of $10000 is equivalent to $1000. So, out of $10000, commercial banks can retain $1000 as reserves & let say that particular investors withdrawn $9000 out of $10000. so, Commercial banks can give loan to others that $1000 to some third party. that third party take this $1000 & put in his personal bank account. In that case, again this $1000 taken by third pary & deposit in some other banks wherein this person can withdraw $900 & banks kept $100 as minimum reserves. Again , Banks gives loan to some other person $90 out of $100 & kept $10 as reserves. This process will go on until deposit amout is so small that it cannot generate a fresh loan.
The above example i can set by algebra formulae like below :
Sn= a/1-r where a = first term = $10000, r=10%. where Sn is the summation at the end of n years.
Therefore ,Sn= 10000/1-10%=$11,111
So, from $10000 deposits , it went to $11,111, so there is an increase of $1,111 & so on which commercial banks credit creation.So, from $10000 to $11,111.
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RecruitmentProcedure overview
Manpower Requisition Form : It will issued by the respective user department & forward the same to HR department.
Recruitment Plan : There is Recruitment plan for each user department which is Manpower Planning. It may be long term Manpower planning
Budget : In Annual Operating plan, all department budgets for Recruitment should be mentioned. There should be a manpower budget in Annual Operating plan.
Sourcing : It may be from Newspaper Advertisement, through internet like naukri.com,Monster,timesjobs etc. Also referral systems which is employee referral systems very much lucrative.
Selection Process : There must be selection critirea of each Employee in an Organization. The Follwing steps involved in selection process :
1) if a person is excessive indebtedness in the market, he or she is not eligible for selection.
2) A divorcee within the separation of one year, is not elegible for selection.
3) Application Blank
4) Persons of unsound mind,Criminal in nature is not eligible for selection.
5) Background checking/Reference checking of a particular employee is a must for selection. HR deptt. should investigate the history of particular employee in his previous Orgn whether particular employees track record good or bad.
6) Medical check up : Once a candidate is medically fit, then he or she is eligible for selection. if a candidate is not medically fit, then he or she is not eligible for selection.
7) Joining : once all above formalities over, then the particular candidate used to get offer letter for Joining. So, there must be Joing formalities of that particular candiates by giving his educations certifications,Experiences certificates to the HR deptt. for Office record. Particular employee should filed a joining report to the Head HR deptt.
*8)Post Recruitment Data Updating : It will be updated by the HR deptt when a particular employee already joined the orgn. HR deptt. should enter the data like his Educational Qualifications,Age, Employment history should be updated in the database.
9) Induction Process : when a new Employee join in an Orgn., then HR Deptt. must Prepare a Training Programme of that Employee . Induction is a process wherein New employee is inducted each & every department of the Organization, Product & services offered by the Organization. Each departmental Head is used to take this training of that New Employee who joined. So that particular Employee should not face any problem when he put on a particular job in the New Organization.
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Most of the Telephone operating companies in the world largely depends on Passive infrastructural growth. All telecom operating companies like American tower corporation, BSNL,Bharti Airtel,Reliance,Indus towers,Tower vision,All european cellular companies,Huwaei & also all chinese telecom companies largely depends upon passive infrastures availabilities. Like DG Gen set,Batterry bank, Air-conditioning, Angular towers,SMPS, Shelters,GBT Towers,RTT towers, Civil works,Mechanical works,Electrical works all are passive infrastructures. All these facilities are the backbone of Telephone Operating companies world wide. Wtihout those infrastructures, A cellular companies cannnot take a single step forward. Even to maintain Network management in Cellular companies which maintain 99.99 upkeep time due to availability of those infrasturctures. In the recent scenerions, Myanmar (burma), China (huwaei technologies) tremendus growth facilities due to this Infrastructures.
Also alternate sources of power supply in the remote corners like use of Solar Power, windpower,Hydrogen gas based instead of Diesel Gen set to maintain the network level at 99.99 in most of the advance countires with latest technologies like 3G, 4G are also example of passive infra. Most of the Cellur companies in India & world wide, they creat their own passive infrastures to maintain the cost level. Passive infra also includes Warehousing, Inventory Management, Logtistics which includes third party logistics provider also.
Still it cannot be denied that Passive infrastructures will continue to play a more & more important role in Cellular tower companies in the near future also.
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Learning is an absolute way of gaining knowledge in private. Through e-tutoring, learning has gained a new entity. It is turned up into an introspective way of understanding things and accumulating the same in an independent way. Learning in a group gives you the chance to see the way others perceive the same concept, whereas, when you opt for an online teacher, you learn for yourself and for your unique growth.
With the drastic developments in the IT sector, the preference of online learning through an online teacher, is gaining great niche. The reason of considering e-tutoring is simple. To meet the current competitive edge, one must have enough space for innovative learning and assistance in exploring concepts with clear personalised versions. These are the core features of online learning gained by e-tutoring. Whether you are preparing for the international exams like GRE, GMAT, TOEFL, or IELTS, or want to crack the national level CAT, JEE, GATE or even Olympiad, you need a tutor who understands your capabilities and can groom you accordingly. Since learning is a process that needs individual attention and guidance, a face-to-face interaction makes it very effective. However, the hurdle is in getting an expert who can give individual attention to your lerning approach. This is gets resolved only through e-tutoring, irrespective of where you live. Even though you stay in a rural area or a small town, you can get well facilitated by an online teacher just like any kid in a city. The choice gets obvious and is the ‘right way’ indeed.
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It is one of the most famous website online globally tutoring. this is online platform to teach.
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E-Tutoring v/s Classroom Tutoring
Let’s face it- everything that is online is more comfortable, and the same can be said for e-tutoring. It has a variety of advantages over conventional teaching, and the first and foremost is in terms of the cost and time that you save when you get a tutor online instead of offline. Not only is it cheaper, but you also save a lot in terms of the time and money that’d otherwise be spent on transportation, thus making it a beneficial process otherwise.
Another advantage of e-tutoring lies in the fact that you get to chose your tutor and switch easily. Almost all major services offer you to view some lectures as a sample thus helping you make the right choice. Thus, it surely does have a variety of advantages over the conventional classroom tutoring.
And yes, it most definitely is easier!
E-classrooms actually make it easier to learn, and that is something that almost everyone wants, isn’t it? Sitting in classrooms gets boring and often is uncomfortable too, and those who are working part time also have it hard making it to classes at a fixed time every day.
With online tutoring, you can never miss a class. A backup of all the lectures is always available online, thus allowing you to view them at your will. Also, you can view them later whenever you want for a quick and good revision too.
More practise, better revision
Online lecture services also have better material in terms of practise and assignments, since most of it is regularly updated and any doubts that you have can be instantly cleared too. Thus, e learning is a continuous and ongoing process, where you can continue your learning process whenever you want as per your convenience. Learning has never been so much fun, so flexible and so comfortable, has it?
And, if you yourself are an expert at some subject, you can tutor online too and add to a little income. The better you teach, the more you learn about a subject. The internet surely has brought about a revolution in the learning and educating process globally, and it is something that is surely to be appreciated and acknowledged.
Now with the internet, you can access lectures and courses from the world over, and from almost all the major universities in the world. You no longer have to be in Harvard to see how they learn- all of it can now be had online too. So whatever you want to learn, whenever you want to learn it- the internet has it all available for you. Get your free online teacher now and let the learning begin!
