Real Experience for Real Teen Drivers Essay Example for Free

Real Experience for Real Teen Drivers Essay Young drivers lack experience in driving situations that will occur outside of the mandatory, cookie cutter training they complete during the time of holding their learners driving licenses. The lack of inexperience plays a major role in teen car accident fatalities and injuries. Whitelegg (1987) has shown â€Å"The United States alone is in running of about 50,000 deaths a year from teen-driving fatalities. In terms of years of life lost, road traffic accidents are the major exterminator of unexpired years† (p. 161-176. This evidence is enough to question what steps should be taken, in addition the procedures that already in place, to help prevent such fatalities with young drivers today. Both parents and The Department of Driver Services are proactive by acting to insure new license holders are prepared for the responsibilities that come with driving a vehicle. Parents sign their children up for different types of driving courses where the students are taught the basics of how to operate a vehicle, when to use different signals, and the laws of the road. The Department of Driver Services enforces the same standards as most driving courses, in addition to a hand written test on driving procedures and requiring new drivers to have a certain amount of hours recorded driving in both daylight and at night. Most states also have laws regarding age limits for driving and talking on the phone and no texting and driving laws for all ages. Though these standards and laws are a positive beginning for any new driver, they simply do not provide the driver with the real world experience he will face while driving alone. Teen drivers can and will be taught the rules and laws that go with driving; however, teens cannot always be monitored while driving vehicles alone and will not always follow the regulations that have the taught. This requires additional training to encourage new drivers to abide by the laws and rules, but also provides the teens with the experience to safely conduct any type of multi- Real Experience for Real Teen Drivers tasking the driver may engage in; such as answering phone calls, eating, or conversing and listening to the radio all while driving. In order to reduce the fatalities related to young adult car crashes, young drivers’ experiences with driving a vehicle need to be expanded through practice of driving while preforming other actions. Once a teen turns fifteen and receives their learning licenses, the mandatory standard requirements, driving courses and written test, will be conducted and completed within the first three months of possessing their licenses. In the following 9 months teens will continue to be required to record the numbers of hours drove at night and during the day, with an extension of a multitasking while driving check list. The addition of the multitasking checklist will allow instructors or the adults in the vehicle, to monitor the multitasking actions of the driver and teach safe alternatives or more safe ways to carry out the task. The multitasking check lists will include many different tasks, including focuses regarding talking and texting on the phone, conversing with peers, and eating while driving. These distractions are the commonly used among people of all ages. The observer of the driver will have them drive through a fast food restaurant to order meals, and encouraged to order a meal that is easy to handle. Once the meal is order, the driver will be instructed on safer alternatives to handle eating while driving; such as preparing your meal in the parking lot so there less distractions while driving. Interacting with friends is hard to avoid without being rude. It is common to want look at the person speaking while driving or even do hand gestures as you would in a conversation that is not taken place in a vehicle. The instructor should carry on Real Experience for Real Teen Drivers conversation with the driver, but explain the common gestures are not necessary. The driver will be allowed to take phone calls as the observer offers suggestions on how to answer safely, such as placing the phone on speaker to keep both of your hands free to maneuver the vehicle. If responding to a text message is a must, call the person on speaker phone or wait until you have come to a complete stop. These are all task which would normally not be taught, however as used on a daily basis. As Bower (2008) explained,† multitasking puts high demands on the brain that reduces activity regions that coordinate driving behavior; driving is the less-ingrained skill and often takes a neutral hit† (p. 7); thus more experience is a must. We must keep encouraging young drivers to abide by the laws, but we are not able to insure all young drivers will. The addition of recording and allowing young drivers to complete other actions during maneuvering as vehicle, will give new licenses holders the more ingrained skill of safely coordinating driving behavior with multitasking. Once these safer alternatives are taught, it is sure the driving fatalities of young adults in the United States will drop drastically over the following five years. Parents and driver services cannot be sure that teens will follow the laws once they are no longer in the supervision of an adult , although they can feel secure in the fact that teens have been taught how to make safe decisions while multitasking and driving vehicles. By introducing drivers to the hazards of multitasking and driving, while under adult’s supervision, allows teens to receive guidance on how to safely conduct actions if the driver chooses to not focus all of their attention to driving. Young lives can be saved and fatalities Real Experience for Real Teen Drivers caused by car crashes can be prevented by allowing new drives to gain valuable experience in the driver’s seat of a vehicle.

A child Called It by Dave Pelzer Essay -- essays research papers

One Child’s Courage to Survive: â€Å" A Child Called It † Abstract This is one of the best, yet saddest books that I have ever read. There are so many bad things out there that are happening to good people. We just have no idea. You never know what is going on behind closed doors. I am so lucky not to have experienced anything like this growing up. There is so much reality in this book, but I never knew that reality was ever this awful. It brought me to a realization that I have never known before. It is extremely sad that something like this really did happen to such a sweet little boy. Summary A Child Called â€Å"It† is a story based on a real life little boy’s tribulations with his mothers shocking abuse. The first part of Dave's life was idyllic in his memory--he says his family was "the Brady Bunch"--a loving mother and father with whom he enjoyed wonderful holidays and a happy trip to the Russian River. Everyone on the outside thought that David’s family was perfect. No one in their neighborhood would have suspected anything was wrong. All that changed when Dave was in first grade. For no known reason, his mother singled him out from his siblings and began abusing him. The abuse began relatively mildly. When he and his brothers did something wrong, Dave was the one to receive punishment--at first simply banishment to the corner of a bedroom. Then, his mother began spending her days watching TV and drinking beer. Easily irritated, she yelled at Dave for the slightest reason, or sometimes for no reason at all. Soon, instead of making him go down to the basement, Mrs. Pelzer smashed Dave's face against the mirror, then made him repeat, over and over, "I'm a bad boy! I'm a bad boy!" He was forced to stand for hours staring into that mirror. Dave's father soon joined The Mother, as David called her, in her drinking. He, too, knew David was a "good boy." He did not join in the abuse, but he did not to stop it, either. David was treated like a slave in his own home. His mother treated him as if he wasn’t even a member of the family like a nobody or an â€Å"It†. She first referred to him as, â€Å"The Boy, then it quickly changed to It†. Nobody at his school liked him, they called him "Pelzer Smelzer" because his mom never washed his clothes and made him wear the same thing every day. After school, o... ...er of the Year. In 1993 Dave was honored as one of the Ten Outstanding Young Americans (TOYA), joining a distinguished group of alumni that includes Chuck Yeager, Christopher Reeve, Anne Bancroft, John F. Kennedy, Orson Wells and Walt Disney. (Dave Pelzer Biography 2002, Para. 2) In 1994 Dave was the only American to be selected as one of The Outstanding Young Persons of the World (TOYP), for his efforts including child abuse awareness and prevention, as well as for instilling resilience in others. During the Centennial Olympic games, Dave was a torchbearer, carrying the coveted flame (Dave Pelzer Biography 2002, Para. 2) References American Psychological Association. (2001) Publication Manual of the American Psychological Association (5th ed). Washington, DC: McLaughlin & Reinking A Child Called It. (1995). Health Communications, INC. Deerfield Beach, FL: Dave Pelzer The World of Psychology. (2002). A Pearson Education Company. Boston, MA: Samuel Wood & Ellen Green Wood p. 593 Dave Pelzer Biography. (1997-2002) Book Browse LLC, Davina Morgan-Witts, CEO. San Jose, CA. (para.2). Retrieved 04/29/02 from http://www.bookbrowse.com/index.cfm/author/authorID/145.htm

Analyse and present research information Essay

Executive summary In this case study â€Å"Kerr Deliveries† is a service oriented organization. They are doing courier service. The purpose of this case study is to solve the problem as an IT expert. Without information technology it is really difficult to develop the business. This modern era is about globalization. Company should adopt different system for their business to stay safe in the right track. Robert Kerr is a successful delivery company based on NSW since 1995. I am working as his assistant. In this report i will recommend which computer to buy for the company. After researching computer market i think company should buy Dell desktop, Toshiba laptop and Samsung PDA. In research report bellow I am going explain why company should buy those brand computers. In this case study â€Å"Kerr Deliveries† is a small company which is operate by Robert Kerr and his associates. They provide delivery services by bicycles, vans and cars for their clients across Sydney and regional NSW. Due to business expanding at rapid rate ,Robert going to begin operations in Canberra, Melbourne and Brisbane in couple of months time. User/system personnel interface in improving system flexibility: Information system has great impact in a every business organization. Information systems flexibility is becoming increasingly important, both research (for example information system, supply chain management, organizational flexibility, research domains) and industry. Rapidly change in the business every organization has given more significance on information systems. Although RTD did not implement information system flexibility and online presence in their business, to develop their business organization they should introduce their information system flexibility in their business. However, the main concept of flexibility in a management disciplines including organization strategy and structured, manufacturing and IT. Every business directly and indirectly depends on information system and companies give primary priority to the information systems. System flexibility develops business efficiency and customer satisfactions. (question1) A service oriented method for system of systems requirements analysis and architecture design: For rapid changes in business environment organization are facing various problems, they may also face the problem of alignment of  IT with business strategy. In our case study RTD faces lots of problems regarding business strategy. Though they are service oriented company with combination of courier, removals and cattle transportation in a certain locality. They have not got proper information systems also got poor transaction record system, job schedule, vehicles problem are the main business problems. In their business they also face few more problems like payroll problem, poor marketing strategy, invoicing problem, and cash and cheque oriented transactions. This article provides reusable and flexible solution for system requirement modelling and it enables the requirement description of system. It also demonstrates the applicability of the method for the service oriented company. (Question 2) Communication of the association for information system: Every organization should implement information system to operate their business activities. This article describes how a punctuated process model can analyse a specific information system development (ISD). They also focus on information system project which was implemented in a UK retail small medium sized enterprise (SME). A new technology was being applied instead of previous one. Basically information system method can give us a new realistic and valuable way to realize ISD as a social process. By using information system development, RTD can communicate through organizational work as well as information system building process within the organization. Eventually this change in existing organizational routines can play positive impact on RTD. (Question 3) Organizational information system competence in SME: Small medium sized enterprise can play vital role in the global economy. In every SME, they need information system to enhance their business activities. There are some associates with business advantages, Information system planning, acquiring IS knowledge and describing its requirements, software and hardware sourcing, develop the application and tools and finally maintain the relationship between IS and suppliers. There are various new frameworks which can help RTD to develop their operational activities. Macro-competence (business and strategic thinking) help them to get rid of their previous problem. This model can develop business  opportunities from current and emerging hardware and software applications. It can also help to established appropriate criteria for decision making on IS investment. It can integrated with IS plan with business strategy. (Question 8) Competitive advantages and strategic Information system: In the time of modern technology, business organization needed useful system for existing in global business. They should implement different types of information system for their business. In this article they provide us different information system which can really help to achieve competitive advantages. Those systems are as follows: Decision support systems (DSS): that helps to build strategic approach to manage Information system/ information technology with an organizational business planning. Primarily Enterprise Resource Planning (ERP): which can integrate between enterprise objectives and enterprise resources. Data base system: is â€Å"data mining† which can help to gather the information for marketing, production, promotion and the innovation for the business organization. Real time Information systems: that intended to maintain a rapid response and the quality indicators. (Question 5) Information System Strategy; Re conceptualization, Measurement and Implications: According to Davis (2000) the information systems of an organization consist of the information technology infrastructure, data, application systems, and personnel that employ IT to deliver information and communications services in an organization .Thus the Concept of IS combines both the technical components and Human activities within the organization as well as describes the process of managing the life cycle of organizational IS Practices (Avgerou and McGrath 2007). In this article they focused on new typology that operationallized is strategy in a way that can apply in a holistic sense to the organization. They also describe different definition of strategy in their extended strategic management literature and finalizing of information system strategy. RTD can use centric view of IS strategy may resolve these outlined issues. (Question 4) Conclusions: In conclusion RTD face various problems when they started their business.  There is no alternative without using information system in a business organization. Nowadays, the business environment change rapidly because of globalization. Every company should keep their information up to date for exist in this competitive market. Information system can do everything. By this system organization can collect data from out sourcing and they can store the data for long as well. They can also communicate properly within as well as outside the organization. They can use different software program for operating their business. They can improve their payroll system. However, they can collect data from internet about competitors. Eventually an organization like RTD can do the best in the market. Recommendations: There are some recommendations RTD can apply for their current situation, for example collaboration and communication, intranet and extranet, different marketing strategy. RTD has some problems to solve these they should first identify their business requirements with information system requirements. Models of Collaboration as the Foundation for Collaboration Technologies: Collaboration is very useful in every organization. According to this article â€Å"collaboration technologies would be more effective and more readily adopted and accepted if collaboration technology development were guided by models of collaboration. Model construction plays an important role in software development today; software developers construct, for example, data models and object models†. This method has no complexity. Most of the organization uses this model for their organization. The authors described four type of collaboration model. Those are as follows: 1) UML (universal modeling language), 2) work flow Modeling, 3) coordination theory model, 4) Goal, objectives, methods, and Selection (GOMS). Here, RTD can use the GOMS model, as they are doing repetitive job like transporting, and courier service for their local clients. Different human teams differed substantially in the ways they interacted and communicated. The GOMS model described how the tasks were intended to be done, but actual behavior deviated widely from this ostensive model. The Internet and DSS: massive, real-time data availability is changing the DSS landscape: The Internet can serve as a source of massive, micro-level data. In the article they discuss about the opportunity and challenges in capturing and utilizing real-time data off the Internet, intranets, or extranets. In the modern technology The Internet and company intranets and extranets increasingly provide the opportunity for a firm to obtain repeated observation of individual choices and actions. Firms now often have access to the information necessary to track the ‘‘progression to transaction’’. This abundance or rush of real time information poses significant opportunities and challenges for DSS development and implementation.RTD has to apply this technology for their business. According to Bapna et al. (2006) the role of Internet data in developing and testing new theories and patterns of individual behavior and market performance. They focused on how such abundance of real-time data offers new horizons for DSS development and continual recalibration. However, they also described the emergence of DSS internet’s data rich environments and B2B system with supply chain management. References: O’Brien, J & Marakas, G 2011, Management information systems, 10th edn, McGraw Hill, New York. Palanisamy, R, Boyle, T.A & Stuart, I 2009, ‘User/System Personnel Interface in Improving Information Systems Flexibility’, ANNAMALAI INTERNATIONAL JOURNAL OF BUSINESS STUDIES & RESEARCH, Vol. 1, pp.12-22(online EBSCOhost). Zhang, Y & Liu, X 2012, ‘A Service-Oriented Method for System-of- Systems Requirements Analysis and Architecture Design’, JOURNAL OF SOFTWARE, Vol. 7, pp. 358-366 (online EBSCOhost). Newman, M 2009, ‘Punctuated Process Modeling of Information Systems Development: An Illustration from a Mid-Sized Enterprise’, Communication of the association for information system, Vol.24, pp.673-700 (online EBSCOhost). Cragg, P, Caldeira, M & Ward,J 2011, ‘Organizational information systems competences in small and medium-sized Enterprises’, Information & Management, Vol.48, pp.353-363 (online EBSCOhost) Chen,D, Mocker, M, Preston, D.S, & Teubner, A 2010, ‘INFORMATION SYSTEMS STRATEGY: RECONCEPTUALIZATION, MEASUREMENT, AND IMPLICATIONS’, MIS Quarterly, vol.34, pp.233-259 (online EBSCOhost) Hemmatfar, M, Salehi,M & Bayat,M 2010, ‘Competitive Advantages and Strategic Information Systems’, International Journal of Business and Management, vol.5, pp.158-170 (online EBSCOhost) Poltrock,S & Handel,M 2010, ‘Models of Collaboration as the Foundation for Collaboration Technologies’, Journal of Management Information Systems, Vol.27, Pp.97-122 (online EBSCOhost) Marsden, J.R 2008, ‘The Internet and DSS: massive, real-time data availability is changing the DSS landscape’, Springer, Vol.6, pp.193-203 (online EBSCOhost)

THE EVALUATION OF CAPITAL BUDGETING DECISIONS - Free Essay Example

Sample details Pages: 7 Words: 1962 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Capital budgeting refers to the process to make decisions concerning investments in the long-term assets of the firm. The general idea is that the capital, or long-term funds, raised by the firms are used to invest in assets that will enable the firm to generate revenues several years into the future. Often the funds raised to invest in such assets are not unrestricted, or infinitely available; thus the firm must budget how these funds are invested. Don’t waste time! Our writers will create an original "THE EVALUATION OF CAPITAL BUDGETING DECISIONS" essay for you Create order Capital budgeting is a required managerial tool. One duty of a financial manager is to choose investments with satisfactory cash flows and rates of return. Therefore, a financial manager must be able to decide whether an investment is worth undertaking and be able to choose intelligently between two or more alternatives (https://allinterview.com/showanswers/119355.html ) To do this, a sound procedure to evaluate, compare, and select projects is needed. This procedure is called capital budgeting. Capital budgeting refers to the process in which the investments are worth pursuing. Whether the project is based on long term investment or building a new plant. Frequently, the cash inflows and outflows are assessed in order to reach a decision whether the returns propagated meet a sufficient target. The title Evaluation of capital Budgeting Decisions at TNPL aims at expanding the plant using various non discounting capital budgeting evaluation methods. (https://www.tnpl.com/tnpl/tech nology.htm) REASON FOR DOING THIS STUDY: At present TNPL has two paper machines, which produce both newsprint, and printing writing paper with an installed capacity of 2,45,000 Tons per annum. TNPL has now embarked on a Mill Expansion Plan (MEP) which aims to increase the paper production capacity to 4,00,000 Tons per annum. Since it involves a large capital outlay of approximately thousand crore rupee, this necessitates the need to evaluate the capital budgeting decision. (https://www.tnpl.com/tnpl/technology.htm) PURPOSE: The process of determining which potential long-term projects are worth undertaking, by comparing their expected discounted cash flows with their internal rates of return. Capital budgeting decisions play a pivotal part in appraising and selecting capital investments in any business organization. The main purpose of the study is therefore to evaluate the capital budgeting decision of TNPL by using various tools and techniques of capital budgeting. LITERATURE: DCF Techniques and Nonfinancial Measures in Capital Budgeting: A Contingency Approach Analysis. This study empirically examines capital budgeting methods. Both discounted cash flow (DCF) techniques and nonfinancial measures are widely used in capital budgeting. However, DCF techniques are more important than nonfinancial measures, and nonfinancial measures appear to serve as a partial substitute when DCF analysis is less efficient. (https://webcache.googleusercontent.com) The study shows that product standardization affects both capital budgeting methods, as hypothesized. Firms with high product standardization tend to place more emphasis on DCF analysis, while firms with low standardization are more likely to focus on nonfinancial measures. An appropriate fit under contingency theory between product standardization and the two capital budgeting methods is significantly associated with a firms satisfaction with the capital budgeting process. (Chen and Shimin, Behavioral research in accounting, 2008) Chen (1995) studied the use of different quantitative evaluation tec hniques across three types of investments. They are equipment replacement, expansion of existing products, and expansion into new products. The certainty of the related cash flows varies greatly when comparing proposals for routine equipment replacement and expansion into new products. He found DCF techniques are widely used than non-DCF techniques.(Chen and Shimin, The engineering economics, 1995) Capital Budgeting and the Financing Decision: An Exposition: This article attempts to better integrate analysis of the capital structure and capital budgeting decisions on a relatively straightforward level. The analysis in this article rests on a number of simplifying assumptions under which all of the valuation methods and capital budgeting procedures are equivalent. Most productive assets are not employed directly by individuals. Instead, the advantages of specialization and limited liability encourage corporations to act as intermediaries, holding and managing physical assets and issuing securities to individual investors. If firms are to evaluate projects in terms of investors opportunities, they must be able to compare the characteristics of their own projects with those of financial claims available in the market. The article concludes that different approaches to the valuation problem lead to different cost of capital measures and that all of these may be used to construct a capital budgeting procedure. Under the simplifying assumpti ons employed in the paper, there is no logical reason to prefer one procedure to another, and the financial manager could let his choice of procedures be governed by the form in which he finds it easiest to come up with a cost of capital estimate. (Robert A, Taggart Jr, Financial Management, 1972) CAPITAL BUDGETING DIFFERENCE: This study breaks down the use of capital budgeting procedures between industries. While it is easy to state that the use of capital budgeting analysis has become more sophisticated over the decades, the question remains as to whether different industries have followed the same pattern. Three hundred two Fortune 1,000 companies responded to a survey organized along industry lines. Chi-square independence of classification tests indicated that a null hypothesis of no significant relationship between industry classification and capital budgeting procedures could be rejected in a number of decision-making areas including goal setting, rates of return, and portfolio considerations. Just as industry patterns affect financing decisions (debt vs. equity), they also affect capital budgeting decisions, and this study emphasizes that point. (Block, Stanley. Engineering Economist, 2005) WHAT AM I GOING TO FIND OUT? To analyze the capital budgeting decisions of TNPL using IRR, NPV, PI and other evaluation methods. IRR- INTERNAL RATE OF RETURN NPV-NET PRESENT VALUE PI-PROFITABILITY INDEX To study about the Mill Expansion Plan of TNPL To estimate the cash flows so as to evaluate the MEP To ascertain the principal risk associated with the project To ascertain the sensitivity of the project Who, where, when and how? Answers to the questions who, what, when, where and sometimes how. The researcher attempts to describe of define a subject, often by creating a profile of group of problems, people or events. Although association can more be used to infer, they more often provide a sound basis for the solution of marketing problems. This study is more descriptive. I searched in the internet, referred the books and discussed with my father to find this topic. With the help of my father i contacted the manager of the financial department and got an appointment. I explained him about my thoughts and got permission nearly after two months. I also got access to use the financial data of the firm. The general idea is that the capital, or long-term funds, raised by the firms are used to invest in assets that will enable the firm to generate revenues several years into the future. Therefore, a financial manager must be able to decide whether an investment is worth undertaking and be able to choose in telligently between two or more alternatives. SCOPE: Actually to minimize input value for a unit value of output lots of resources (money, time, materials and manpower) are needed. The argument that capital is a limited resource is true of any form of capital, whether debt or equity short-term or long-term, common stock or retained earnings, accounts payable or notes payable, and so on. Even the best-known firm in an industry or a community can increase its borrowing up to a certain limit. Once this point has been reached, the firm will either be denied more credit or be charged a higher interest rate, making borrowing a less desirable way to raise capital. Faced with limited sources of capital, management should carefully decide whether a particular project is economically acceptable. In the case of more than one project, management must identify the projects that will contribute most to profits and, consequently, to the value or wealth of the firm. It is the basis of capital budgeting. APPROPRIATE METHODOLOGY: This process involves projecting the profitability generated by the new machine and thereby projecting the cash flows. On this projected cash flow the various Capital Budgeting techniques will be applied. Various Discounted cash flow techniques like Net Present Value (NPV), Profitability Index (PI), Internal Rate of Return (IRR) and Modified Internal Rate of Return (MIRR) will be calculated. Based on the result of these calculations the project will be evaluated. To calculate the discount cash flow techniques i need to collect the financial data. I have already got the access to use the data. When i start doing my dissertation i can collect the data from the firm with the help of financial manager. APPROPRIATE SAMPLING PROCEDURES: In the former, the researcher knows the exact possibility of selecting each member of the population. But this type of sampling is more difficult and costly. Even though it is costly we have a big advantage in this type of sampling (i.e.) the type of population in which the results can be generalised from the sample to the population. In addition, this type of sampling allows to calculate the precision of the estimates obtained from the sample and to specify. Systematic sampling is a type of probability sampling in which sampling involves you selecting the sample at regular intervals from the sampling frame (Adrian thorn hill, Mark Saunders, Philip Lewis, research methods for business students, 2009) Sampling fraction for systematic sampling is actual sampling size divided by total population. DATA COLLECTION PROCEDURE: The data collection for this study is mainly based on the primary and secondary sources. The primary data are based on the data collected from the firm (i.e.) the paper industry. The secondary data are collected from articles, journals and literature. In this study am going to use both these methods to collect the data. The data collected for this analysis has been mainly through secondary sources like company annual reports and records. I am going to think about triangulation (literature, questioner and interview). By Comparing all these three in a triangular format i will get some new idea. So what i am coming to say is, am going to use the collected data in triangular form. DATA ANALYSIS PROCEDURE: There are different ways of analysis. Just for example i am taking sensitive analysis. Sensitivity Analysis is also known as What If analysis. It is useful in pinpointing the areas where forecasting risk is especially severe. The basic idea with a sensitivity analysis is to freeze all variables except one and see how sensitive our estimated cash flows to changes in that one variable. If our cash flow estimate turns out to be very sensitive to relatively small changes in the projected value of any one component of project cash flows, then forecasting risk associated with that variable is high. In this project sensitivity analysis has been carried out on the cash flows under certain conditions or sensitivity factors. Under these conditions all the capital budgeting techniques will be implemented and their effects will be evaluated. RELIABIALITY AND VALIDITY: Reliability can be assessed by analysing whether the measures yield the same results on other occasions? Whether other observers reach similar observation and care should be taken when analysing the data to ensure that your data are telling you what you think they are telling you. (Adrian thorn hill, Mark Saunders, Philip Lewis, research methods for business students, 2009) Validity can be assessed by analysing the relation between the program and the observed outcome. So if there is a relation, i have to check the kind of relation between the program and observed outcome. With the help of the outcome i am going to generalise and construct this concept so that it may be used by others. TIME PLAN: GANTT CHART W1 W2 W3 W4,W5 W6,W7 W8,W9 W10 W11,W12