How the World Crises Happened and What are the Causes Essay

How the World Crises Happened and What are the Causes - Essay Example The resultant was a steep fall in both personal and corporate credit. This multiplied with the fast recession that occurred in the housing and the construction markets. The financial institutions especially the investment banks have been lending to each other at lower rates. The reason is that the banks have been well aware of the solvency of other institution and don’t want to take the high risk rather they want to keep the cash reserve for themselves. As lending by the bank lowered due to the economic instability, the bank increased the borrowing cost to increase the operational revenue. This strategy was taken by the banks in order to maintain a sustainable business operation in the financial market. The company undertaken for discussion is Barclays PLC. The company is a multinational bank of Britain. It operates in the financial sector and is headquartered in London. The operations of the organization spread over 50 countries and territories. The company emerged as the fou rth largest in terms of total assets in the year 2010. The organization has got two business clusters namely retail and Business Banking as well as Corporate and Investment Banking. The company is listed in the London Stock Exchange. How the crises happened and what are the causes The collapse of the U.S. housing market regarded as the housing bubble is characterized as one of the prime reason for the situation to occur. The collapse resulted in a surge of default of mortgage loans (World Health Organization, 2009). The collapse of the real estate market and the subprime mortgage market of the U.S. can be held responsible to spread the severe effects of the crisis. Uncertainties accrued in the financial system. The creditors became inclined to pull out their funds and cashed out the securities issued by the financial institutions. The situation thus caused led to shutting down of many institutions while others just managed to survive. The loan and credit facilities available from th e banks dried up. The investors began to dump their holdings and the obvious situation was a downturn in the share market. In order to create securitization, the banks started to borrow more money. The dependency of the banks on the savers can only be felt when the banks are not able to pull out by selling loans on the basis of securities. Some of the banks launched to buy securities which increased the exposure of the banks towards risk. When the problem got realized, the process of lending got slowed. Some of the banks were on the verge of the riskiest loans which was beyond the intention of the investors. The lenders fell upon to take back their loans. The investment banks fell drastically as they had no or little deposits. The problem got intensified and even the banks with large capital reserves began to feel the pressure. They turned to the government for support. The banks began to feel nervous to loan out the injected money and the shrinking banks sucked money out of the eco nomy. In spite of the fact that the global financial crisis has shown its effects a year ago, yet the prime banks of UK were able to accrue a profit in the second quarter of the financial year 2009 in the area of non-recurring items. The retail business of Barclay got affected along with the top three banks of UK. In the middle periods of the year 2009, Barclays reported that profit has  decreased far more than what it was in mid-2008.  

Project planning and control Essay Example | Topics and Well Written Essays - 1000 words

Project planning and control - Essay Example Planning and control is constituted by four main activities that include scheduling, loading, sequencing and monitoring, and control. Whereas scheduling is about the timing of operations, loading involves the quantity of work to be done according to available capacity. Sequencing, in turn, involves the order in which the work is to be done (Johnston, Chambers and Slack, 2007). Consequently, monitoring and control involves ensuring that all the other components are going according to plan. Organizations are frequently involved with processes, movement of materials, finished goods and services that need proper planning and control. It is, therefore, important to any firm that wants to effectively perform and compete in today’s highly sophisticated operational business environment (Kerzner, 2009). To successfully coordinate all functions in line with an organization’s goals and objectives, management is increasingly being faced with the need for proper planning and control . Managers, therefore, need to properly understand the basic components of proper planning and analysis of projects. ... All these day-to-day activities of a project coordinator therefore need proper planning and control techniques, and hence my interest in this area. As a project coordinator, I therefore feel most aligned to the selected topic. Effects / Benefits Having pointed out my work as a project coordinator as the main reason for identifying the topic, it is important also to point out the effects or benefits it has on my personal objectives in line with my career. First is the issue of scheduling as discussed in the overview of the selected topic. My work as a project coordinator usually involves a lot of allocations and timing for various events, processes and individuals involved. A critical and comprehensive overview of the component that forms an important element of my daily operations is therefore of great benefit to my work as a project coordinator because it further equips me with the technical as well as the theoretical knowhow on the subject. The success of any project relies on prop er planning, and no project coordinator can ignore planning (Carmichael, 2006). Planning, in turn, depends on appropriate scheduling and control measures that have been put in place to ensure that it succeeds. Another area of project coordination is that of preventing risks associated with failures or uncertainties that are associated with unrecognized future drawbacks in the course of planning. Proper control measures learnt in this topic such as demand forecasting and push or pull control mechanisms will go a long way in ensuring that my work is based on an enlightened point of view rather than working towards a failure. Moreover, managing the staff for a