Financial Planning and Control Essay Example | Topics and Well Written Essays - 1000 words

Financial Planning and Control - Essay Example are how the financial planning is applied to an engineering business, the effect of financial information on decision making, and how other the use of other financial techniques such as standard cost and variance analysis are used to optimize the effectiveness of an engineering business. Three questions are answered derived from a textbook written by a scholar that provides information about the topics covered in this paper. Companies dedicated to offering engineering service solution have a business structure in which each individual talent represents a unique vendor that purchases unique solution that are typically independent of each other. Each contract is a peculiar project that must be design to obtain a gross profit that satisfies the income expectations of the stakeholders of the company. In order to better serve the needs of future customer the company has to plan the financial decisions that will allow the firm to expand its productivity capacity. For example the purchases of a new mega server worth $150,000 can provide engineering the opportunity to take more IT project to increase the company’s income. If a manager plans to make such a purchase other factors that have financial implication in the costs of the company must be planned for such as its facility layout and human labor require achieving expansion. When an engineering firm takes on a new job the project manager of the contract must perform financial planning for the project to determine the budget that is needed to be able to complete the project on a timely manner. A full risk management analysis is necessary to reduce the risk of unwanted events from occurring, while at the same time developing mitigation plans to have an action option that can implemented if an unforeseen event occurs. An engineering firm working on a construction project can mitigate risks from natural disasters by making the financial decision of purchasing insurance that covers 100% of the damage causes by such an

Houstons Education Essay Example | Topics and Well Written Essays - 1250 words

Houstons Education - Essay Example This paper illustrates that educating prospects have an important role in Houston’s value of life. Houston is one of the cities in the United States and people identify it for its renowned school districts in addition to prominent universities and colleges. The innumerable educational opportunities in the city amaze those desiring to pursue higher education in addition to the novices with families. Independent schools in Houston area function with the primary basis that each child should and can learn. Houston community and educators work towards creating an educational environment of high quality to satisfy the requirements of a gradually more varied student populace. This makes Houston lead in education comparing to other cities in America. When people consider locations with high paying jobs big metro places such as San Francisco, Los Angeles, New York, and Houston are typically the places that come to mind or cities having the highest population of educated workers for ins tance Boston. Individuals fail to consider Houston as a prosperous and upcoming city when they think of cities. However, being a sprawling city, education choices are abundant. In the Greater Houston region, there are sixty-seven school districts every district with several government schools in addition to not less than 180 private and parochial schools. Expat guardians will require cautiously assessing their priorities and then deciding which institution can satisfy their preferences best. This is why Houston is a leading city in America in Education. Houston contains not less than 40 institutions, universities, and colleges providing higher education alternatives to fit all interests. The city certainly is the top job creator, which is the residence of the flourishing energy industry in the United States and is more varied compared to other cities such as New York. Rice University and The University of Houston implies that there exist smart people in America. The Houston Universi ty contains 41000 students and in 2011, the Carnegie University elevated it to Tier 1 rank. Rice University positioned 17th nationally with mainly strong courses in applied sciences is among the best undergraduate schools in the country.