Bentley Motors Limited Maintain a constant effective communication

Bentley Motors Limited Maintain a constant effective communication Project Responsibilities: To work in tandem with the Bill of Materials (BoM) department in successfully generating and structuring the part numbers for BY831 (Bentley Mulsanne) and BY624 vehicle configuration with the help of SAP based environment called TIsyncro. Maintain a constant effective communication between designers of different department to meet up with the deadlines. Organise training to the relative departments employees to inform and trained on the changing policies and methodologies of the department and project respectively. To provide an interface between functional managers, BoM, Digital Mock-Up (DMU) department and the CAD (Computer-Aided Design) Department to ascertain that the flow of information if unambiguous and accurate. Organise a product review meetings with the customers and the managers of relative departments. To mitigate the issues escalated from the BoM and different functional departments. To provide support in creating Clients requirement based reports. 5. Competencies demonstrated: (please refer to the APM Body of Knowledge, Competence Framework) The purpose of this assessment is to identify where my competence lies just now in relation to skills and professional studies. This assessment will reflect on previous/current work and courses and should help to identify my current level of skill. It is a detailed analysis of how I feel about my skills and competencies in relation to project management. Technical competence: The technical competence involved learning of 3D modelling software CATIA, LCA (Life Cycle Application) tool to structure the parts of BY831 (Mulsanne) and BY624 vehicle configuration. Context of Project Management (PM): In the context of Project Management, the technical competence involved developing skills on PM tools like MS Project and MS Visio. This has enhanced my skills on resource planning and appropriate scheduling of Projects. Behavioural competence: Behavioural competence involved developing robust behavioural skills by working for two managers with two leadership styles, strong communication skills ensuring details and expectations of the project are met to the highest standard, and constant interaction with functional managers of different departments catered to the enhancement of behavioural and interpersonal skills. Context of Project Management: Behavioural competence in the context of Project Management involved developing team building and leadership skills, time management skills by working on team placement project that involved working in a synergistic manner in order to avoid antagonistic behaviour as an individual. Section 3: CPD Self- Assessment Form This assessment addresses the experiences and knowledge gained/ shared by studying MSc Project Management at The Robert Gordon University (RGU). K= knowledge; E = experience ONLY TICK ONE K AND ONE E FOR EACH COMPETENCE Competencies Happy with my current level of For my current role in the Team Project I need to increase my For my future career I need to increase my K E K E K E Project management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Programme management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Portfolio management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project control à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project sponsorship à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project office à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project success and benefits management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Stakeholder management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Value management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project management plan à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Competencies Happy with my current level of For my current role in the Team Project I need to increase my For my future career I need to increase my K E K E K E Project risk management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project quality management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Health, safety and environmental management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Scope management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Scheduling à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Resource management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Legal awareness à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project life cycles à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Concept à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Definition à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Implementation à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Handover and closeout à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Project reviews à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Organisation structure à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Organisational roles à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Methods and procedures à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Competencies Happy with my current level of For my current role in the Team Project I need to increase my For my future career I need to increase my K E K E K E Governance of project management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Communication à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Teamwork à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Leadership à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Conflict management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Negotiation à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Human resource management à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ à ¢Ã‹â€ Ã… ¡ Areas of strengths identified Gaps identified Scope Management Project lifecycle Teamwork Project Management Plan Leadership and Communication Organisational Roles Conflict Management and Resolution Project Management Office Health and Safety and Environmental Management Programme and Portfolio Management Project Management Negotiation Project Risk Management Organisational Structure Analysis of Project Success and Benefit analysis Methods and Procedures Value management Project Risk Management Human Resource Management Technical Competence on Project Portfolio Management (PPM) software i.e. Primavera Professional Certifications like APMP, CAPM, PRINCE 2 and so on. Section 4: Development Plan DEVELOPMENT PLAN Based on the contents of your current CV and your responses to the CPD Self Assessment Form (Review) in which you have identified the areas in which you need development, please complete your Development Plan. Where do I want to be in 5 years? The Postgraduate degree in Project Management has provided me with enough of robust information on managing complex projects within the Project Management constraints of scope, time, cost and quality. I would like to carry on with these skills and be an effective, efficient and smart Project Manager with team building and leadership skills to manoeuvre complex environment of managing range of complex projects. How will I achieve my aim? I would like to achieve this aim through Continuing Professional Development in terms of having professional certifications indicating enhancement of technical and behavioural competence. I would also believe that development of interpersonal skills, living in a pleasant ambience would substantially add some benefits in realising my aim successfully. What current skills and knowledge gaps prevent me from achieving my aim? Value management Project Risk Management Human Resource Management Technical Competence on Project Portfolio Management (PPM) software i.e. Primavera Professional Certifications like APMP, CAPM, PRINCE 2 and so on. Out of aforementioned knowledge gaps, Professional Certification is one of the most important knowledge gaps that need to be fulfilled and would substantially provide an opportunity to stand ahead in the competition from other Project Management practitioners. 5.0 LEARNING AND REFLECTION RECORDS- FORMAL EDUCATION 5.1 Learning and Induction from the Induction Programme Induction Programme Learning In the induction programme, a basic overview about the university was addressed i.e. infrastructural facilities, introduction of staff members pertaining to the course, the cultural values that would be gained through interaction between students of diverse cultural background. Also, I was able to learn the basic rules and regulations to be followed in the city/ country and one of the members from the Grampian police had addressed about the social laws and regulations and the Grampian fire service had addressed about the health and safety measures, fire incidents and so on. There were general and academic induction programmes and I was able to learn in both academic and professional way. Also this programme consisted of providing valuable guidance to students to make use of library and other RGU facilities. Infozone provided ample guidance in getting the opening of bank account, health guidance and also about NHS service. International Student Advisors provided/ provides continual su pport on immigration and visa information. Reflection Through this induction programme, I have had an opportunity to reflect this learning by adhering to the rules and regulations of the city/ country and the lessons learned through working in teams on different academic coursework including project technical implementation can be implemented in future endeavours as well ranging from different complex projects and improve behavioural skills including ethics. 5.2 Learning and Reflection for Academic Activities for First and Second Semester of MSc Project Management Module 1: Project Fundamentals Learning In this module, an overview of the basic nature of managing general projects was addressed, not specifically focussed on one type of project. I was able to get a basic insight into the concept of projects and Project Management and learnt the basic difference between projects and Business As Usual (BAU). The module used the concept of project life cycle as the organisational guideline, and provided a brief understanding on the contents of different phases of a project like project initiation, project planning, project execution, project control and project closure that covered the whole process of project management activities like, Project Management Plan, change management, project quality, Stakeholder Management, risk management and many others. From these activities, I basically learnt the concept of business case and its development and its importance as the primary deliverable of initiation phase of project life cycle. In a nutshell, I conclude from my learning that the princip les of project management are applicable at all levels of the project hierarchy, ranging from individual work packages through to the provision of responsibility. Reflection This module provided me a lot of insights into different elements of Project Management and I was able to put all these theoretical elements into practice by doing a team project on the construction of Heathrow Terminal 5. Firstly, this project provided me a robust experience of working as a team of varied culture and secondly, it provided an opportunity to understand the application of different project management activities in the practical environment (construction of Heathrow Terminal 5). This project also provided me an opportunity to implement all the learning on the fundamentals of projects and project management into practice and share knowledge between the team members by providing a detailed business case and the project management plan for the project. Having known with the basic principles of project fundamentals module, this learning can be reflected on future endeavours involving all the areas of Project Management. Module 2: Project Planning and Control Learning This module provided a basic overview of core activities of the planning phase of the project. I learnt about the fundamentals of project planning like scope management, how to create Work Breakdown Structure (WBS) for the allocation of resources to projects, and an overview to create cost estimation and budgeting and apply IT led resource scheduling and allocation techniques with the help of Gantt chart and Critical Path Method (CPM). Alongside these things, I was able to get a basic insight into critical evaluation of key project monitoring and control techniques and their impact on the successful completion of projects. Finally, I learnt different quality systems and requirements of the project in order to add value to the client and the business as a whole. Reflection This module provided me a basic insight into different elements of Project planning and control and I was able to put all these theoretical elements into practice by doing a team project on the relocation of oil and gas company office. The project involved relocating the employees of different departments and their possessions to a bigger office space. We, as a team, got involved in preparing a project plan to ensure that this project is completed on time, within budget and would not affect the smooth flow of work and interrupt the operations at the existing building. More emphasis was given on project scheduling and provided a detailed Gantt chart indicating deliverables and milestones with a detailed resource histogram depicting the resources. Also, the allocation of resources for different tasks was depicted with the help of Work Breakdown Structure (WBS). This project provided me a robust experience of working as a team of varied culture and secondly, it provided an opportunity t o understand the application of different project planning tools and techniques in this project and having known with these basic tools and techniques, this learning can be reflected on future endeavours as well. Module 3: Project Organisation and Behaviour Learning In this module, basically an overview of organisational learning with roles and responsibilities was addressed and three types of organisation structures were dealt in detail i.e. Functional based, Matrix based and Project based Organisational structures and I learnt that more emphasis would emphasis would be given to project-based and matrix-based organisation structure for the effective implement of Project Management for the successful completion of projects. I also learnt behavioural issues in projects and how these issues would impact in maintaining robust relationship with the client and the constant interaction between conflict management and negotiation in projects and project management environment. During the discussion on behavioural issues in the project environment, emphasis was laid upon the socio-cultural aspect of Project Management and I learnt that the constant development of antagonistic behaviour of the individuals and lack of synergistic behaviour within the team s or in general the organisation structure would affect the project/ programme managers and including the team leader to manage the teams and would result in ambiguities within the team members with lack of knowledge sharing and result in the unsuccessful completion of projects. Hence I learnt that the role of effective leadership right from the strategic level down to the operational level is essential in problem solving and decision making process and develop efficient communication on the technical and socio-cultural aspects of project management within the team members leading to effective organisational learning. Reflection I was able to reflect on the learning that I got from the project organisation and behaviour module in the form of team project on International Thermonuclear Experimental Reactor (ITER). The basic reason for choosing this project to put all the theoretical elements into practice is due to its sensitive nature because this project, in the real environment, involved international stakeholders from seven different nations intend to develop fusion energy for peaceful purposes. The purpose was to provide a transformational organisational structure in order to mitigate behavioural issues and manage conflicts within the Organisation. Module 4: Commercial Realties for Project Management Learning This module provided a descriptive learning on the qualitative and quantitative analysis of the project at the initiation phase of the project life cycle. The qualitative analysis included environmental analysis that in turn included three types viz., SWOT (Strengths, Weaknesses, Opportunities and Threats), PESTEL (Political, Economical, Social, Technological, Environmental, Legal) and Porters Five Forces Model. Quantitative analysis included investment/ financial appraisal and consisted of four types i.e. Payback Period (PBP), Accounting Rate of Return (ARR), Net Present Value (NPV) and Internal Rate of Return (IRR). The qualitative analysis provides a detailed overview of merits and de-merits of undertaking a project taking micro, meso and macro factors into consideration. However, quantitative analysis provides a detailed overview on the financial aspects of the project i.e. Return on Investment (ROI). I was able to get a basic insight into procurement and supply chain issues and legal issues in the context of projects and project management. This module provided a basic overview of different types of dispute resolution techniques used in the project environment between the stakeholders. Reflection Based on the learning, I have had an opportunity to work on a hypothetical project. This project is aimed at building a multi-speciality veterinary hospital in Aberdeen and providing all the modern sophisticated medical facilities to the domesticated animals in order to eradicate all sorts of endemic and fatal diseases and provide a healthy environment. The project involved in providing a detailed qualitative and quantitative analysis, contracting strategy, procurement plan and dispute resolution techniques in the context of projects and project management. Learning through this module can be implemented in future real time endeavours that range of complex projects. Module 5: Project Strategy and Leadership Learning In this module, the meaning of strategy was dealt and an overview of the link between strategy and projects was addressed. I learnt that how strategic decisions at the top management level/ strategic level would impact the projects and project management and learnt the concept of Strategic Project Management (SPM). I learnt the concept of Project Portfolio Management that was viewed as a tool/ method of prioritising and selecting portfolio of projects for their successful completion by linking the projects with the Organisations overall business strategies. I learnt the difference between Project Management, Programme management and the Project Portfolio Management and the interdependency between them and the overall business strategy. In order to ascertain successful completion of portfolio of projects through decisions taken at the strategic level, the concept of strategic leadership, Project Management Office and project governance were dealt with prime importance. I learnt that t he gap of governance between the corporate governance/ corporate level (strategic level) and the Project Management can be avoided by introducing the concept of Governance of Project Management (GoPM) framework that links the strategic and the tactical/ operational level. However to ascertain successful GoPM, I learnt that the three important elements i.e. Organisation structure, people and the flow of information within the framework should be organised well. I also viewed Project Management Office (PMO) as the core department within the business function that maintains the tools, techniques and methodologies of Project Management and also responsible in upgrading the tools and methodologies of PM. I learnt the concept of maturity model and its impact on all the areas of Project Management (PM) and viewed maturity in the context of PM as part of organisations diverse culture and not just a tool/ methodology for managing projects and learnt the concept of Organisational Project management Maturity Model (OPM3) developed by PMI and got an insight into how this model correlates Project, Programme and Portfolio Management. I got a basic insight into the Strategic Human Resource Management (SHRM) and how it is going to impact the success of portfolio of projects and the project strategy including the overall business strategy. I also learnt the concept of global teams and their impact on the performance of projects due to varied culture and how this socio-cultural aspect of Project Management should be managed in order to arrive at the desired project outcome. Finally I learnt the concept of Project Performance Management and their impact on meeting project/ organisation goals and o bjectives in an effective and efficient manner and I also got an insight into how stakeholder commitment is directly linked with project performance management and their alignment with the business strategies. Reflection Based on the learning, I have had an opportunity to work on a real team project. The aim of the project was to analyse, plan and develop the overall strategy for the management of the companys project in order to meet the companys budget, schedule and quality parameters set out at project approval but also deliver optimum value to the company. In the project, we assumed the role of engineering directors that had been tasked with proposing a new strategy for the efficient management of the companys business operations. Though the project was carried out from the university without being there at the client organisation, this project gave us a good exposure in implementing all the elements of project strategy and leadership module into practice and can also be implemented in future professional endeavours. Module 6: Risk and Safety Management Learning In this module, I learnt the concept of risk and risk management in the context of Projects and Project management. I learnt to identify, analyse and critically assess risks throughout the phases of the project life cycle. Risks in terms of organisational structure, culture, stakeholders and so on were addressed in the context of projects and project management and learnt on how strategic decisions of the management would be risk-driven in terms of delivering the projects successfully. I learnt more about sensitive projects. It was dealt that projects tend to become sensitive depending on the level/ intensity of risk involved in the project and based on this, I learnt that quantitative and qualitative risk assessment tools and techniques can be used depending on the type of projects and the level of risk involved. I also learnt that how organisation would look at individuals attitude towards technical and socio-cultural risks involved in projects in the context of project management. I also learnt the concept of Health Safety Security Environment (HSSE) and the awareness of legislative and statutory requirements and integrate health, safety and environmental policies into Project Management Plan (PMP). I did learn about how performance of HSSE can be effectively and efficiently monitored for successful management of risks and how organisational structure and their responsibilities can affect the successful implementation of effective risk and safety measures within the organisation. Reflection This module gave me the exposure in implementing all the elements into practice. I completed individual coursework on risk and safety management in the transportation of spent fuel in the United Kingdom. This project focussed on the key risks involved in the transportation activity at the back end operations of the nuclear power plants, key legislative requirements and health safety measures for the transportation of spent nuclear fuel, decisions concerning top management on the transportation issues and proposal of new strategy for the ongoing monitoring of risk and safety management. In a nutshell, the learning through this module gave a basic insight into different elements of risk and safety management and can be reflected on future endeavours as well i.e. in the real work environment Module 7: Supply Chain Management Learning This module provided a basic overview on different supply chain frameworks, supply chain tools and techniques used in the area of supply chain management, design of supply chain strategies and modelling and simulation techniques in the SC. Devising of supply chain structure or supply chain network diagram provided a basic overview of understanding the flow of information (material and financial flow) among stakeholders along the upstream and downstream of the SC. Reflection This module provided me a robust exposure in implementing all the theoretical elements into good practice by doing two courseworks on the module. In the first coursework, the aim was to regulate the variation of demand and supply of electricity with the optimisation of Supply Chain strategies and to bring in coordination and integration among the trading partners within the Supply Chain. This involved analysing the current SC model of the chosen organisation on node by node basis with regards to their existing SC strategies, tools techniques, SC issues and the SC response on these issues. A new SC model was proposed for the chosen organisation with optimised SC strategies, tools techniques and improvement in the response of SC. In the second coursework, the aim was to identify and analyse humanitarian supply chain issues at the micro, meso and macro level, identify the current technology application in the humanitarian supply chain of the chosen case study and identify the typical stakeholders that impact the SC response. As time is the main constraint of any humanitarian SC, Corporate Social Responsibility (CSR) plays a major role in eliminating unethical practices and improves the SC response. Hence the learning from this module can be reflected on future endeavours i.e. real time projects in the diversified area (from retail, engineering and so on to rehabilitation projects/ humanitarian based SC projects). Module 8: Professional Body of Knowledge in Project Management Learning This module gave an opportunity in learning all the knowledge areas of Project Management, specifically Association for Project Management (APM). This gave me a good exposure to attempt the exam conducted by the university that is tantamount to APMs APMP exam. The module addressed on all the knowledge areas that covered all the previous modules (seven) on Project Management. This module also provided me the guideline in preparing for the APMP exam to get the professional certification. This module also provided a good exposure in knowing different PM standards and bodies. Reflection The examination conducted by the university on this module would be the stepping stone to many future professional certification exams to boost the CV and ensure continuous professional development through lifelong learning and stand ahead in the competition among other project management practitioners to get hands-on experience on future endeavours on a range of complex projects. 6.0 LEARNING AND REFLECTION RECORDS- PROFESSIONAL ACTIVITY Activity 1: Student Membership for APM and PMI Learning Holding the student membership for Association for Project Management (APM) and Project Management Institute (PMI) has provided me a basic insight into the happening of events/ seminars/ workshops on different genres of Project Management and I could keep myself updated on the current tools and techniques used in the management of range of complex projects. Reflection By holding the membership for APM and PMI, I have had an opportunity to learn many areas of Project Management through their website, journal articles and e-letter (The membership is still very much valid). As a matter of fact, these learning could be reflected on future career development in the field of Projects and Project Management and provides ample opportunity in doing the certification exams like APMP, CAPM and so on and avail for full-time membership. This also provides an opportunity in networking with other Project Management practitioners and share knowledge on different areas of Project Management. Activity 2: Participation in CPD Activities Learning In this session, I learnt about the step by step process of developing the portfolio of Continuing Professional Development (CPD). This session was conducted by one of my Project Management module coordinators in the academic environment and was part of the Project Technical Implementation (Team Placement Project) module. The module coordinator addressed all the sections and elements of CPD and explained the importance of CPD in the development of ones career. Reflection The basic understanding of the process of CPD could be reflected on the career development and be considered as the stepping stone to boost the Curriculum Vitae (CV) and provide a platform in achieving the professional certification and mark it as the evidence of enhanced professional competency and can stand ahead in todays global competition with respect to other Project Management practitioners. Activity 3: Leadership Style of Workplace Supervisors Learning In my previous employment, I was happened to work with two managers at Bentley Motors Limited, Crewe, UK. I have had an opportunity to perceive different leadership style of these managers. Manager A: I worked under Manager A for about 6 months and got to learn about the Autocratic style of leadership wherein leaders have more powers over their team members. Also the contribution to the process of decision making was limited. Manager B: I worked under Manager B for 9 months and learnt about the Democratic style of leadership and had an opportunity to contribute to the process of decision making as a team and the level of enthusiasm was optimal. Reflection Based on the real-time professional experience with the managers of my previous organisation, and having had a great opportunity in perceiving two different styles of leadership, I would like to reflect these professional learnin

Biography of a Mathematician: Sir Isaac Newton Essay

Sir Isaac Newton has made an impact on scientists to this day. Even though his discoveries derived in the late 1600s, we are still affected today in the present. The ideals and theorems he sought out still hold legitimate centuries after his time. With the information laid out for them, a scientists using his theories can improve their research to achieve fame themselves. â€Å"Some would say that he was the greatest product of the Enlightenment, the explosion of intellectual knowledge that occurred in his century† (Universe Today). What did Isaac Newton discover to go down in history as prestige in both the historical and modern world? According to BBC, Newton was an English physicist and mathematician, and the greatest scientist of his era. However, before it’s understood why Sir Isaac Newtown became so famous, it is very important to know how he got to that point. By doing so, understanding his early and later life experiences is key. â€Å"Isaac Newton was born on 4 January 1643 in Woolsthorpe, Lincolnshire. His father was a prosperous farmer, who died three months before Newton was born. His mother remarried and Newton was left in the care of his grandparents† (BBC). As it can be seen, Isaac Newton lived a rather challenging youth by being separated by his primary care takers to his grandparents. Once he became of age to attend college, he became fascinated in mathematics, astronomy, optics, and physics. An education to fulfill these interests is exactly what he required. In 1661, he enrolled into Cambridge University. Howbeit, â€Å"In October 1665, a plague epidemic forced the university to close and Newton returned to Woolsthorpe† (BBC). Although attending the University for a short time, the two years benefited him extremely in beginning to charm him of the idea about gravity. In addition, he also focused on optics and mathematics, where current day calculus was just a mere idea of little to no importance. Not giving up his aspire to make a little idea into a dream, Newton returned to Cambridge in 1667, where he became a fellow of Trinity College. He was appointed to two very importance groups that exposed him to the scientific community. Just two years after returning to Cambridge he was appointed second Lucasian professor of mathematics at 27. He was then named in membership of the Royal Society 4 years later. In 1668, the development of his reflecting telescope only proved that Newton’s findings will leave an impact on history forever. Following his  education at Cambridge University, Newton wished to share his recent findings. Therefore publishing ‘The Opticks’ which dealt with light and colour. â€Å"In addition he studied and published works on history, theology and alchemy† (BBC). Then in 1687, â€Å"with the support of his friend the astronomer Edmond Halley, Newton published his single greatest work, the ‘Philosophiae Naturalis Principia Mathematica’ (‘Mathematical Principles of Natural Philosophy’)† (BBC). This showed his findings of the law of gravity. Subsequent to his discoveries and sharing them, Newton achieved many appointments. â€Å"In 1689, Newton was elected member of parliament for Cambridge University (1689 – 1690 and 1701 – 1702). In 1696, Newton was appointed warden of the Royal Mint, settlin g in London. In 1703, he was elected president of the Royal Society, an office he held until his death. He was knighted in 1705.† (BBC). His life story ended in 1727. According to BBC, It was said Newton was a difficult man, prone to depression and often involved in bitter arguments with other scientists, but by the early 1700s he was the dominant figure in British and European science. Now that a baseline of his life has been established, it can now be understood as to why Sir Isaac Newtown left such a mark on areas of science and mathematics. In regards to the field of science, Newton found a quantity of laws and theories that helped future scientists make their way into space. â€Å"He discovered gravitational force and established the three Universal Laws of Motion. By tying these discoveries to the work Johannes Kepler and his Laws of Planetary motion, he established classic mechanics the beginning of modern Physics. This was huge in many ways as he proved definitively the heliocentric model first proposed by Copernicus.† (Universe Today) On top of all this he proved that all things in the universe revolve around the laws of motion. The laws of motion formed a footing for our understanding of the universe. This is a leap in science for his time and to this day. Newton’s gains in the field of mathematics were just as relevant.† He came up with the Binomial Theorem and was one of the two creators of calculus.† (Universe Today) These findings served as jump in the fields of math and science. Now calculations can that more accurately modeled than before. In regards to space, without the ideas and betterment in mathematics, scientists would be clueless of how to safely get into space. â€Å"Calculus gave scientist the tools to set up a theoretical model of a situation and still  account for varying factors. This basic knowledge would help scientist such as Einstein to be ab le make even greater discoveries such as the Theory of Relativity and Nuclear Fission† (Universe Today). With no doubt, Sir Isaac Newton has made an impact on scientists to this day. From break through from his time to laying out laws that still affect scientists and mathematicians today, the world’s technological systems would be nothing without Newton’s advances. The world is constantly improving in terms of military, aviation, and the civilian life. With the baseline formed by Isaac Newtown, scientists are able to progress towards new discoveries and fame that the future holds. Works Cited â€Å"Isaac Newton (1643 – 1727).† BBC News. BBC, n.d. Web. 18 Mar. 2014. Jessa, Tega. â€Å"What Did Isaac Newton Discover?† Universe Today RSS. N.p., 05 Sept. 2009. Web. 20 Mar. 2014.

Global Financial Market Essay

With the market turmoil of 2008 and 2009 in fairly recent memory, investors were feared to take risk in the stock markets, as instabilities of global stock market accordingly enhanced. Stock market is a key element prior to reflect the performance of economy. It is an important part of the economy of a country. The stock market plays a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent. That is reason that the government, industry nd even the central banks of the country keep a close watch on the happenings of the stock market. The stock market is important from both the industry’s point of view as well as the investor’s point of view. Through this assignment, with particularly focusing on the performance of Hong Kong stock market, I am going to discuss the roles of the stock market that affect the economy by elaborating the functions of primary market and secondary market, and anal ysis the Hong Kong stock market in relation to the economy with statistics method. Importance of Stock Market The stock market is a necessary and essential aspect of commerce world-wide. Without a stock market, companies could not easily to raise the fund and capital, and investors could not quickly and easily trade shares through the stock market system, and the global economy would not be established into a maturity stage like now a day. The stock market and thus they play the most important role of supporting the growth of the industry and commerce in the country. That is the reason that a rising stock market is the sign of a developing industrial sector and a growing economy of the country. Primary market Whenever a company wants to raise funds for further expansion or settling up a new business venture, they have to either take a loan from a financial organization or they have to issue shares through the stock market. In fact, the stock market is the primary source for any company to raise funds for business expansions. If a company wants to raise some capital for the business it can issue shares of the company that is basically part ownership of the company rather than issuing debt for enhancing the capital and liquidity because of the cost efficiency. There are three main financial systems such as resources allocation, risk management and risk pricing to simultaneously and consistently perform in an economy under the philosophy of primary market. Resources allocation in the primary market Primary market can raise the fund for the company business plan in a short period. Economy can be affected according to any new IPO issued in the stock primary market. To issue shares for the investors to invest in the stocks, through the primary market of the stock exchange they can issue the shares and get the funds for business requirements. There are certain rules and regulations for getting listed at a stock exchange and they need to fulfill some criteria to issue stocks and go public. The company has the business plan which is required to borrow fund for implementation, and the company has planned to apply their fund raised by the stock market after issuing the share through IPO. Fund should be allocated in different areas of the business plan, and it can also increase the liquidity and capital. Refer to the IPO issuance of Industrial and Commercial Bank of China(ICBC) in 2006, ICBC was one of the biggest bank in China. After the IPO. ICBC was the world’s biggest ever IPO that makes it at the same becoming the biggest bank with the most capital in the world. These can significantly increase the confidence of the investors and reallocate the resources in investing into different market against their business plan. Risk pricing in the primary market Investors always assess and calculate the interest and return to every investment which they made. In the primary market of issuing stock listed on the stock exchange, rules and regulations are formed to dominate any new issuers. International banks and Investment banks are always the underwriter of the IPO. It can also comfort the investors that the risk has been assessed by experience large institutions accurately, and then the price of the share is announced to the public objectively. Investors can have more information to compare the return and lose through the provided information in the primary market. In the view of the above, investors will be attracted to invest into the IPO against the recommended pricing. More funding invests into the market that can make a positive impact to the economy. Risk management in primary market To issue IPO in the primary market, guaranteed investors should be confirmed to every IPO announced. This can help into managing the risk, as a minimum of fund can be ensured to the company which can control the risk exposure. The company may have liquidity problem in case of failure in raising the fund of IPO, therefore, the function of guaranteed investor and IPO underwriter can mitigate suck risk, and that can be a risk management to protect the interest of the company as well as the investors. It can reduce the uncertainties and managing the risks involved in investment market of economy. Secondary Market The secondary function of the stock market is that the market plays the role of a common platform for the buyers and sellers of these stocks that are listed at the stock market. It is the secondary market of the stock exchange where retail investors and institutional investors buy and sell the stocks. In fact it is these stock market traders who raise the fund for the businesses by investing in the stocks. So the stock market is not only providing the much required funds for boosting the business, but also providing a common place for stock trading. It is the stock market that makes it possible to sell the stocks at any point of time and get back the investment along with the profit. This makes the stocks much more liquid in nature and thereby attracting  investors  to invest in the stock market. Mobilize Savings in the secondary market When businesses or even individuals hold their money in form of shares, they can easily mobilize funds for investments. Securities traded in the secondary markets are not as liquid as cash therefore this limits the ease of accessing cash. Accumulation of funds for long-term capital projects is therefore easy and possible. The secondary market provides a convenient platform for the trade of securities hence shares can be easily converted to cash for investment. Investment Opportunities in the secondary market As opposed to holding money in savings accounts, the secondary market provides investors with an opportunity to save and at the same time invest. Shareholders can earn and make profit in investing in the secondary market, as the share price always rises and falls subject to the news in public and the environment of economy. In the secondary market, investment in shares does not require a large of fund, therefore, it provides a chance to invest and expand their portfolios. Stock market and economy (Statistical analysis) To support the analysis of stock market in related to the economy, I have done a t-test showing as below. Basically, as the stock market should reflect the economy in advance. I do the statistic in one year difference. Refer to the result, the difference is considered to not statistically significant. The stock market seem influencing the economy significantly. We can see the stock market dropped in 2008 that make the decrease of GDP in 2009. Due to the financial crisis in 2008, the stock market was in panic. This is one of the factors to decrease the GDP. In Hong Kong economy, as there was a great support due to the significant growth of China’s economy. In relation to the increase of HKEx index since 2009, the stock market was in recovery that bloom the economy and the Hong Kong property market has accordingly benefited to grow in these years. GDP was also reflected slightly growth. It can strongly evidence and prove that the performance of stock market obtains a strong relationship with the economy. Conclusions With the reference of the above, stock market is essential to the impact of economy. Companies could easily raise the fund thru the stock market by IPO in the primary market, in order to apply the fund in implementing the expansion business plan, and the investors could gain interest and profit in the secondary market in stock exchange that the capital fund of investors could be increased, in which both factors could have positive effect to the economy. In my recommendation, Hong Kong Exchange and Clearing Limited (HKEX) could consider to extend the trading hours. It could stay closer to other stock markets like USNY, London and etc. This implementation could attract more investors and equity fund to invest into Hong Kong stock market, as the time difference to other stock markets is shorten. It could increase the trading volume in the stock market. If the stock market becomes prosperous that makes the Hang Seng index increase, as more funds invest into Hong Kong, the economy in Hong Kong can accordingly rise in an absolute way.

Demand Curve Essay examples - 976 Words

5:26 PM (CDT) Unit 4 - Individual Project Assignment Overview Go To: Type: Individual Project Unit: Market Structure and Firm Strategy Due Date: Mon, 3/14/16 Grading Type: Numeric Points Possible: 200 Points Earned: 0 Deliverable Length: 1000-1500 words Assignment Details Scenario Learning Materials Reading Assignment My Work: Online Deliverables: Submissions Assignment Details Assignment Description Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. You are starting your own Internet†¦show more content†¦Please submit your assignment. For assistance with your assignment, please use your text, Web resources, and all course materials. Reading Assignment Editorial Board Chapter 7, 8 Click intellipath video to watch a video on Getting Started in Intellipath. Click intellipath_Suggestions Click intellipath for Student Tips about the Intellipath assignment. Click intellipath for Frequently Asked Questions about the intellipath assignment. Assignment Objectives Describe and apply the economic perspectives of scarcity and opportunity costs. Analyze current news events and apply basic economic concepts to everyday problems and situations. Utilize the tools of economics for decision making for a firm operating in a market economy Cite examples of the various forms of market structure: pure competition, monopolistic competition, oligopoly and monopoly Analyze current news events and apply basic economic concepts to everyday problems and situations. Utilize the tools of economics for decision making for a firm operating in a market economy Cite examples of the various forms of market structure: pure competition, monopolistic competition, oligopoly and monopoly Discuss the impact of current economic trends and realities on politics, the workplace and the quality of individual lives. Other Information There is no additional information to display at this time. Legend Extra Credit View Assignment Rubric Assignment Details AssignmentShow MoreRelatedDemand Curve, Supply Curve Equilibrium. The Demand Curve995 Words   |  4 PagesDemand Curve, Supply Curve Equilibrium The demand curve can be shown in a graph and it reflects the relationship between the price and amount of a commodity that people are able and willing to buy at a set price. The demand curve slopes downward because are more prone to buying a good as the price declines. 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