Personal Statement On Personal Hygiene - 1548 Words

Client Goals Leave Andover Subacute Rehab Center to go home with family Will practice toilet routine/potty training Will eat healthier Free be of any behavioral incidents Will take all her medications daily Maintain healthy relationship with family Will call her family at least twice a week Will talk to therapist three times a week to discuss issues about family Will express her feelings in a journal daily Will express issues with family without cursing or yelling To Be Independent Will go to the bathroom herself once a day Will take her own showers at 5 times a week within the month Will brush her teeth without help Attend resident council meetings Needs structure Take care of personal hygiene Will make a planner Exercised at four days out of the week Will meditate and pray when she wakes up These goals were selected by the client, the client’s family, and the facility. Leah is well aware that she needs help in order to accomplish the goals she has set. With those goals selected, the client and I were able to come up with ways that would benefit her a great deal. Leah’s concern was that she would not be able to accomplish her goals. I told her that she has a great support system who is here to help her, and we will do whatever it takes to help her accomplish her goals. Evidence-Based Practice Model: Leah’s biggest issue is her lack of confidence and self-esteem. This is a problem because in order for her to accomplish her goals she needs to believe inShow MoreRelatedThe Importance Of Good Versus Poor Personal Hygiene Practices1013 Words   |  5 Pagesto learn about Disease Prevention. The CCSS that mold the structure of this lesson are as followed: 2.1 Demonstrate essential personal hygiene practices. 2.2 Identify the importance of good versus poor personal hygiene practices 2.3 Explain the importance of not sharing personal hygiene items 2.4 Describe physical/emotional/social health implications of personal hygiene Prior technology competencies: ï  ¶ Ability to use a tablet to participate in interactive educational games. ï  ¶ Name and letter recognitionRead MoreBrandwashed, Martin Lindstrom (Zoom in- Zoom out) Essay820 Words   |  4 PagesMartin Lindstrom denotes a method used by big corporations and advertising companies that literally scares people into buying things. Lindstrom explains that uniting us against a common enemy, fear also brings humans together, which is a stark statement, but definitely not an inconceivable one. This is such interesting prose, because when we humans feel afraid, the last thing we are thinking about is how united we are. We are thinking about what we can do to eradicate the danger, and how we canRead MoreThe Brand Of The Unilever Bangladesh Website855 Words   |  4 PagesSection 1 Introduction: LUX is one of the most popular brand in Bangladesh and it is one of the successful brand from Unilever. Lux stands for the assurance of beauty and glamour as one of Bangladesh s most reliable personal care brand. According to the Unilever Bangladesh website, Lux began its story back in 1924 as the first mass marketed beauty soap. Lux is now sold in over 100 countries and it becomes the most recognizable soap brand in the world. The range of products includes beauty soapsRead MoreHand Washing828 Words   |  4 Pagesother hand, medical hand hygiene pertains to the hygiene practices related to the administration of medicine and medical care which aimed at preventing or minimizing disease and the spread of these diseases. Hand hygiene purports to cleanse the hands of pathogens and chemicals which can further cause personal harm or disease, and is done for a minimum of 15 seconds to 2 to 6 minutes to 10 minutes. Nursing literature had long recognized the importance of good hand hygiene as a major factor in preventingRead MoreCase Study Analysis : Beneficence And Non Maleficence1487 Words   |  6 Pagesbenefit. The third is finding a strike between protecting the patient from harm or do good for the patient. Finally, should the nurse do only what is good for a particular situation or focus on the broader terms (Beauchamp Childress, 2013). Problem Statement From a traditional point of view, a health care professional main point of concern is the well-being and recovery of the patient and the patient alone, which is also known as advocating for your patent. It is common for a nurse to face uncertaintyRead MoreWaiting For Wings Hospital Policy For Hand And Fingernail Hygiene Guidelines1183 Words   |  5 PagesWaiting for Wings Hospital Policy for Hand and Fingernail Hygiene Guidelines Purpose: This Waiting for Wings Hospital (WFWH) policy provides evidence-based principles and practices necessary for persons to accomplish proper hand and fingernail hygiene. This policy follows guidelines set forth by the Centers for Disease Control (CDC) in an attempt to reduce healthcare-associated infection (HAI) that are spreads to patients, staff, and others. Scope: This policy applies to and must be adheredRead MoreThe Importance Of Nursing Patients With Multi Resistant Organisms ( Mros )1269 Words   |  6 Pagesof clinical knowledge and ability which allows the learner to consider personal and professional skills and identify needs for ongoing development (Levett-Jones et al, 2011). This reflection will allow me to analyse the goal of nursing patients with Multi-Resistant Organisms (MROs), I planned to learn and understand at the beginning of the course, evaluate my professional growth and obtain conclusions in relation to my personal learning outcome. The Gibbs Reflective Cycle (1988) will be used as aRead MoreHand Hygiene1374 Words   |  6 PagesGood Hand Hygiene practices are the single most important factor in preventing cross infection Within the essay I am going to discuss whether good hand hygiene practices are the single most important factor in preventing cross infection. Some may argue for this statement others against. Jeanes A (2005) refers to the NMC code of professional conduct (2004) who state that you must act to identify and minimise risk to patients and clients. Hand hygiene is everybody’s job, including the patients. LindaRead MoreEmployee Engagement, The Hertzberg Theory, And Organizational Culture Essay1669 Words   |  7 Pagesdefines our fundamental beliefs about the subject at hand and the practices toward all of the reality. Through taking this introduction course, I have become more aware of how various aspect of the work environment intertwines with an individual’s personal life. The topics that were the most intriguing were employee engagement, the Hertzberg theory, and organizational culture. As a working individual, these three concepts are factors I deal with on a daily basis. This class has shaped my mindset thatRead MoreKey Indicators or Factors in the Motivation of Employees889 Words   |  4 Pagesmotivation. Carefully designed reward systems that include job enlargement, job enrichment, promotions, internal and external stipends, monetary, and non-monetary compensation should be considered. TABLE OF CONTENTS 1.1 Background 1.2 Statement of the Problem 1.3Research Questions 1.4 Objectives of the Study 1.5 Significant of the Study 1.6 Research Methodology 1.7Organisation of the Study CHAPTER ONE: INTRODUCTION TO THE STUDY

Euthanasia And Physician Assisted Suicide - 865 Words

Death is a touchy enough subject for people; add in the idea of assisted suicides and there’s an uproar in society. Euthanasia or physician assisted suicide is a very controversial topic in our society today. Physician assisted suicide by definition is â€Å"suicide by a patient facilitated by means (as a drug prescription) or information (as an indication of a lethal dosage) provided by a physician aware of the patient’s intent (Merriam-Webster). There are two modes of looking at assisted suicides; either it’s seen as an absurd immoral decision to take away the life of someone or it’s seen as a logical and peaceful release from pain and misery. There’s this idea that asking a healthcare provider to help you end your life is unfair and unnecessary, no matter how much a person is suffering suicide is not justified. People fear patients changing their minds, physicians being severely impacted by this, and families not agreeing with the decision makin g it hard to cope. On the other side people believe that it’s freedom of choice to choose to be medically assisted with a suicide; this is a right the patient has. Some believe if you’re in pain and dying why should you be forced to stay in a painful state of life. Freedom of choice versus life isn’t ours to take away. If you were in a terminally ill patients position, what would you do? After covering a wide array of topics regarding death and dying this semester, I was completely drawn to the idea of physician-assisted suicide. IShow MoreRelatedEuthanasia And Physician Assisted Suicide918 Words   |  4 Pagesallows terminally ill patients to end their lives with the assistance of a physician. According to the legislature, patients who seek assisted-death must only have six months to live and are required to submit a written request as well as two oral requests at least 15 days apart. (Reilly). While Gov. Jerry Brown still has yet to approve this new law, the act has shed light on the topic of euthanasia/physician-assisted suicide. With the pending status of the law, the question remains on whether or notRead MoreEuthanasia Or Physician Assisted Suicide961 Words   |  4 PagesEuthanasia or physician assisted suicide, is the painless killing of a patient, suffering from a painful or incurable disease, like cancer, or alzheimer s, the practice is illegal in most countries, including the United States, although in the United States, it is a state decision, the only state in the United States that it is legal in is Oregon. Oregon passed the Death with Dignity Act in 1994, making euthanasia legal for chronically ill patients, the only caveat is that the doctor is allowedRead MoreEuthanasia, And Physician Assisted Suicide863 Words   |  4 Pagesare: euthanasia, and physician assisted suicide. Internationally, assisted suicide is a doctor prescribing drugs that end life. The patient is responsible for taking them. Euthanasia is the medic ation administered by doctors. Today, four countries have laws that allow euthanasia. (Ellis and Bronwyn) A few have laws for physician assisted suicide, and several countries have no laws against suicide. (Humphry) The United States of America have recently added a 5th state to offer assisted suicideRead MorePhysician Assisted Suicide And Euthanasia Essay1039 Words   |  5 PagesPhysician Assisted Suicide Is physician assisted suicide ethical? Physician assisted suicide is an up and coming ethical question that examines a person’s right to their own death. Many people support physician assisted suicide, citing that it can save a lot of pain and suffering. Others claim that the concept of physician assisted suicide is a slippery slope. A slippery slope in the sense that if society accepts euthanasia as a rightful death for the terminally ill, they will potentially acceptRead MoreEuthanasia And Physician Assisted Suicide1629 Words   |  7 Pagesproblems, assisted suicide creates options to reduce the amount of suffering the patient must enduring. Dying with dignity could be beneficial for not only the person who is dying, but also the person’s family and loved ones. This option, however, is often viewed as unethical and immoral throughout society. Physician-assisted suicide offers an option for those with health issues but poses various ethical and social issues. Assisted death is practiced in two different ways: euthanasia and physician-assistedRead MorePhysician Assisted Suicide And Euthanasia Essay1806 Words   |  8 PagesPuett WRIT 1401 12/06/16 Physician Assisted Suicide Beginning in the 1970s, terminally ill patients were given the right to refuse life-sustaining treatment to end their own life, a process commonly referred to as euthanasia. They would be taken off life support, and death would be allowed to take its natural course. This idea was controversial at first, but now a bigger issue has taken its place. Many patients claim that they reserve the right to physician assisted suicide—killing oneself with meansRead MoreEuthanasia And Physician Assisted Suicide997 Words   |  4 PagesEuthanasia and Physician Assisted Suicide: The Right to Die with Dignity (The Legalization, At Risk Groups, and Rebuttal) The possible legalization of voluntary euthanasia and physician assisted suicide brings concerns in regards to how well it will be accepted. There are contradictions that exists between government and church when it comes to the morals and values placed on human life. Although, society has concerns in regards to at risk community groups and the type of treatment availableRead MoreEuthanasia And Physician Assisted Suicide1504 Words   |  7 Pageslegalizing euthanasia and physician-assisted suicide, we would provide â€Å"vulnerable† patients with better overall protection and health care, give patients (who are excruciatingly suffering and have no chance of recovery) the option to end their lives before they ever needed to go through such an ordeal and giving them peace of mind, and spare the families of the patients the emotional pain of watching their loved one slowly and painfully passing away. For these reasons, I believe that euthanasia and Physician-AssistedRead More Euthanasia And Physician Assisted Suicide1249 Words   |  5 Pagesview euthanasia and physician-assisted suicide not as murder or suicide, but rather a release from the pain that holds down and a quicker, less painful way to get to the end that will happen anyways. Euthanasia is becoming much more of a hot topic in the news, both here at home in the US, as well as on the global stage with the new Prime Minister of Canada pushing for a law that would allow nationwide physician assisted death. As of now only a few states have legalized physician-assisted suicideRead MorePhysician Assisted Suicide Or Euthanasia1597 Words   |  7 PagesPhysician assisted suicide or euthanasia should be a right granted to all citizens who are suffering from a degenerative, painful, or fatal condition that would cause them to be unable to enjoy their lives as healthy people do. The right to die with dignity is a fundamental issue that is debated in the spiritual side of everyone. Some of us may have known someone close to them who has seen or gone through an ordeal as watching someone take their last breath. No one should suffer in pain or have their

Marvel Free Essays

string(255) " bonds as collateral are valued largely lower now than they were when the bonds were first issued , which result in t hey can only recover a fraction of the face value of their bonds in the form of equity now and a breaking even again seems questionable\." Bankruptcy and Restructuring at Marvel Entertainment Group Chen Ziqiang Wu Libin Lin Yingshuai Deng Linli Lim Yihao 2011/11/29 1. Why did Marvel file for Chapter 11? Were the proble ms caused by bad luck, bad strategy, or bad execution? We think that Marvel filed for Chapter 11 mainly due to its bad business strategy. Three o f its six b usiness lines, Trading cards, Stickers and Comic Books started facing the decline in sales after year 1993. We will write a custom essay sample on Marvel or any similar topic only for you Order Now There were two main reasons for this decline: F irst, these businesses increasingly had to compete with a lternative forms of child entertainment (mainly video games). Second, the decline in sales was driven by disappointed collectors who had viewed comic books as a form of investment and stopped buying them as company stopped increasing the prices. We believe that the company should have foreseen these events while performing a market research and forming a long- term business and financial strategy. The three unpromising business lines accounted to 61% of total revenues of a company in year 1995. At the same time, the company’s financial strategy was based on highly optimistic business expectations and was not suitable for unfavorable turn of demand for entertainment products towards video games. Due to its high leverage (52%), the company was not able to serve all the debt in case of sharply declining revenues. It is obvious that the company did not anticipate the cha nge in customers’ preferences and was wrong in prediction of market trends, focusing on cards, stickers and publishing business lines and leveraging itself. Moreover, in 1995 Marvin continued its leveraged expansion into entertainment cards b usiness – acquiring Skybox. This decision was extremely imprudent, as the company was already on the threshold of financial distress and should have sought for high growth pportunities to expand in order to boost its revenues instead of adding debt to buy business whic h produces non- demanded products. Operating ratios Marvel Entertainment Group 1991 1992 1993 Sales 115. 1 223. 8 415. 2 Cost of Sales 58. 2 112. 6 215. 3 Cost of sales/ Sales 50. 6% 50. 3% 51. 9% SGA 21. 4 43. 4 85. 3 SGA/Sales 18. 6% 19. 4% 20. 5% Net Income 16. 1 32. 6 56 Net Income/Sales 14 . 0% 14. 6% 13. 5% 1994 514. 8 275. 3 53. 5% 119. 7 23. 3% 61. 8 12. 0% 1995 823. 9 383. 3 46. 2% 231. 3 27. 9% – 48. 4 – 5. 8% 1996 581. 2 372. 4 61. 4% 168 28. 9% – 27. 9 – 4. 8% As can be seen in the table above, Marvels operating ratios dropped dramatically. The cost of Sales/Sales rose from 51% in 1991 to 62% in 1996, together with the SGA expenses/Sales rising from 19% to 29%. Additionally Marvels Net Income/Sales dropped from 14% to – 5%. Leverage ratios Marvel Entertainment Group 1991 1992 1993 Total Debt 355,3 324,7 Shares outstanding 97,7 98,6 102,6 Share price 5 12 26 Market value of equity 488,5 1183,2 2667,6 Debt/ D+E 23,1% 10,9% EBITDA 35,5 67,8 114,6 EBITDA/SALES 30,8% 30,3% 27,6% Interest expenses 3,50 6,50 14,60 EBITDA/Interest 10,1 10,4 7,8 1994 585,7 103,7 16 1659,2 6,1% 119,8 23,3% 16,50 7,3 1995 934,8 101,3 12 1215,6 43,5% 214,7 25,9% 43,20 5,0 1996 977 101,8 4 407,2 70,6% 40,8 7,0% 42,70 1,0 Compare the management policy and the leverage ratios from that time together with its operating ratios, we believe Marvel made an extremely impudent move to acquire Skybox in 1995. While their operating margins where deteriorating and their lev erage coverage ratio (EBITDA/Interest) where falling, they should have acquired a different policy. For all above stated reasons, we believe that the company’s financial problems were caused mainly by bad strategy and poor management. . Evaluate the proposed restructuring plan. Will it solve the proble ms that caused Marvel to file Chapter 11? As Carl Icahn, the largest unsecured debt holder, would you vote for the proposed restructuring plan? Why or why not? A. ) We believe that the restructuring plan can only solve part of the problems that Marvel is facing. We also believe that the proposed restructuring plan will not solve the actual problems that Marvel is facing but only provide temporary relief to the company that is not sustainable. The proposed restructuring plan aims at providing liquidity to Marvel, lifting its debt burden and expanding its existing toy business. This is to be achieved by means of a recapitalization of the company through an emission of 427mn additional shares of common equity fo r a total value of USD 365mn. Additionally, the outstanding public debt of the company shall be retired with debt holders being paid in the shares that acted as collateral for their loans. With the proceeds of the emission and the lowered debt burden, Marvel is then supposed to acquire the remaining stake in ToyBiz, its toy manufacturer subsidiary. The recapitalization through the issue of 427mn new shares would solve the acute liquidity problems of the firm and the retirement of the firm’s public d ebt would lower the debt burden of the firm significantly. However, we believe that Marvel, under the proposed plan, would use its newly gained liquidity and flexibility to the wrong end. The acquisition of the remaining shares of ToyBiz would mean the continuation of an already ill- fated strategy that led to the current crisis. We therefore believe that the restructuring plan can only solve part of the problems that Marvel is facing. More precisely, the plan offers a solution for the symptoms of the underlying problems only. It solves the liquidity problem that caused Marvel to violate some of its debt covenants and it also lowers the company’s debt burden. The core problem in our view, the business strategy of Marvel, is not abandoned but even pursued further. B. ) I would not you vote for the proposed restructuring plan. The shares being p ledged to their bonds as collateral are valued largely lower now than they were when the bonds were first issued , which result in t hey can only recover a fraction of the face value of their bonds in the form of equity now and a breaking even again seems questionable. You read "Marvel" in category "Essay examples" This argument does not necessarily hold for the investors who bought the deeply discounted bonds but given the valuat ion of Bear Stearns it is questionable whether they will recover their investment either. 3. How much is Marvel’s equity worth per share under the proposed restructuring plan assuming it acquires Toy Biz as planned? What is your assessment of the pro forma Financial projections and liquidation assumptions? Marvel’s current market price that is 2 dollars before restricting plan assuming it acquires Toy Biz as planned. Table 1: Debt/Equity Ratio With the aim to calculate Marvel’s equity with the proposed a cquisition of Toy Biz we used DCF model. As Debt/Equity ratios are stable (table 1), FCFE is used to calculate the cash flow with the following assumptions. Table 2: Assumptions Assume: Discount Rate is equal to average Annual Return on Investments in Stocks from 1997 to 2001. *Annual Returns data is from histretSP. xls (http://pages. tern. nyu. edu/~adamodar/New_Home_Page/Inv2ed. htm) Table 3: FCFE 401. 7million/528. 8 million = 0. 76 Dollars per share. It shows that Mr. Perelman pays 13. 3% premium for new shares (he pays 0. 85 dollars per share). M arvel’s liquidation value Table 4: Marvel’s liquidation value The liquidation value is 424. 7million via Chapter 7. 4. Will it be difficult for Marvel or other companies in the MacAndrews and Forbes holding company to issue debt in the future? The outstanding debt of Marvel has been downgraded by two rating agencies. In 1995 S and Moody’s downgraded the holding companies’ debt from B to B- . In 1996 Moody’s downgraded Marvel’s public debt. After that, Marvel had announced that it would violate specific bank loan covenants due to decreasing revenues and profits. Downgrading of debt increases the change of default. After downgrading of debt, the process of probability to default increased substantially. The low credit rating indicates a high risk of defaulting on a loan and, hence leads to high interest rates or the refusal of a loan by the creditor. Investors realize this risk and therefore would demand a higher default premium. The increased default pre miums raised the cost of capital for the holding company. Given the increased risk premium and default possibilities, Marvel and other companies in the MacAndrews and Forbes holding group would having more difficulties issuing new debt in the future. Debt holders and creditors where raising questions about the integrity on the judgment decisions from Perelman. Judge Balick approved Marvel did not discriminate unfairly against non- affecting creditor classes and provided it was fair and equitable to all classes. In reaction, a lawyer challenged the Bearn Stern’s conclusions and insinuated Bearn Sterns had multiple levels of conflicts due to the contingency fee provided by Perelman. In the end even the Vice – Chairman of the Andrew group had to come with a statement to overcome all the negative sounds in the market. Anyhow it looks like Perelman’s reputation was damaged already. 5. Why did the price of Marvel’s zero-coupon bonds drop on Tuesday, Nov 12, 1996? Why did portfolio managers at Fidelity and Putnam sell their bonds on Friday, Nov 8,1996? On Nov 12, 1996, Marvel’s zero- coupon bonds fell by more than 50% when the spokesman for the Andrews Group announced the details of the proposed restructuring plan. According to the announcement, Perelman was to purchase, through Perelman- related entities, 410 million shares of newly- issued Marvel common for $0. 85 per share, 81% discount to the then prevailing market price of $4. 625. The newly- issued stock would not be subject to the pledge of Perelman- owned Marvel stock that otherwise secured the bonds. The announcement of this self- dealing transaction was in no way foreshadowed by Marvels’ prior public statements and conflicted with the covenants in the indentures to the bonds. Therefore, the market prices of the bonds to decline suddenly as the collateral t hat supported the bonds. Perelman’s Marvel common stock holdings pre- proposed transaction was diluted from 80% of the equity in Marvel to less than 16%. The terms of the prospective transaction required Marvel to increase the number of its outstanding shares to approximately 511. 6 million shares from 101. 8 million, diluting Marvel common stockholders and greatly reducing the value of the shares that were pledged as collateral for the bonds. So it greatly impaired and reduced the value of the bonds. In fac t, Marvel bondholders were divested of virtually the whole of their collateral while Perelman would maintain 80% ownership of the firm, purchasing the newly- issued shares at grossly sub- market prices while preserving the ability to write off Marvel’s losse s against the reported income in his other consolidated enterprises due to the maintenance of his 80% ownership of the firm. The price of Marvel’s zero- coupon bonds dropped also due to it did not meet the expectation of the debt holders, who analyzed the b ond by fair value or future growth of the firm. In addition, the public would predict that the restructuring plan could not be settled down so that the firm would have a very uncertain future, even bankrupt. Thus, the price declined because a lot of debt holders could not bear the risk for getting nothing and sold out their debts. On Nov 8, 1996, Howard Gittis, vice chairman of Andrews Group, called Fidelity Investments and Putnam Investments, two of the largest institutional holders of Marvel’s public debt, and asked them what they would like to see in a restructuring plan. Portfolio managers at Fidelity and Putnam decided to sell more that $70 million of Marvel bonds at a price of $0. 37 per dollar of face value on the next day. The main reason for selling by the managers is the conversation between Howard Gittis and them, which caused the managers considering the result of restructuring plan. They believed the plan would disappoint the public depending on their professional judgment. Perhaps, during this conversation, they got some detail information of the plan which proved the present value of Marvel’s bonds was overvalued. It gave the chance for them to avoid tens of millions of additional losses in diminished value that would have followed and suffer t he time they continued to hold the bonds already existing facts were revealed. On the other hand, the managers may worried about the downgrade of the bonds because the requirement of their portfolio allocation which constrained the percentage of the lower graded bonds or prohibited buying such bonds. Therefore, the bonds have to be sold to meet the requirement. How to cite Marvel, Essay examples

Role of Project Management-Free-Samples-Myassignmenthelp.com

Question: Discuss about the role of Project Management in Today's Business World. Answer: Before understanding the importance of Project Management in the industry, there is a need to know about the meaning of Project Management. Project Management is a widely used term, which includes several methods, techniques, strategies and processes and the major aim of these processes is same, i.e. to minimize the chances of failure or loss of any project. It is an art of managing a project and its outcomes in order to produce finished goods and services. There are different ways in which a project can be accessed and the manner in which it is implemented is the project management. The process of project management includes many activities, like; identification of requirements, development of obvious and attainable goals, matching the demands of different stakeholders and making sure that cohesion of objective is attained (Kerzner, 2013). In todays world, Project Management is an important factor that determines the success of an organization. In an organization, project management provides a valuable and highly effective process that assists to recognize and focus on the priorities, track and evaluate the performance and overcome the issues and challenges (Larson and Gray, 2013). It is important because one of its major objectives is to compress and to make short the product life cycle. For example, there is a retailer organization, which is using project management in its operations, i.e. Sheng Siong. There are several reasons, why project management is important in todays business world. These reasons are given below; Managing Risks Each and every project of organization has many risks, as the nature of a business is taking different risks. The business strategy of each business has a risk, so there is a need of managing the risks. So, the process of project management in organization recognizes, assesses, controls the risks. Sheng Siong is using project management in risk assessment and management (Majeed, 2012). Managing quality Quality is an important aspect for any organization, especially; a retailer like; Sheng Siong. This quality defines the value of products of company. Sheng Siong has to maintain the quality and value of its products to increase its customer base. In this process, the project management plays an important role in identifying, managing and controlling the quality of products. N an organization, quality management is the responsibility of project manager (Mir and Pinnington, 2014). The project manager considers three important concepts, like; continuous improvement, customer satisfaction and prevention on inspection. Thus, the project management plays a vital role in total quality management. Managing Integration In an organization, there is a need of managing the integration. The business projects do not run in a vacuum. They required being integrated with the processes and systems of businesses. For example, at Sheng Siong, they cannot build a sales system which does not incorporate with the sales process. It would not create and add the value. So, the project management assesses and manages the integration. Resolving issues There are so many issues of business, which an organization faces in its life cycle. These are the problems, which should be managed and controlled to attain the predetermined organizational objectives. Project management may play a critical role in clearing these business issues, like; technical issues, business process issues, resource issues and issues related to third party, like; suppliers, vendors and other outside party (Majeed, 2012). This can help the organization in tracking the issues and assign right person to resolve these problems. Change Management In addition to these benefits, the project management also deals with the change management. It also assists an organization in managing the changes related to business, customers and environment. It can help the people in enhancing the management skills according to new tasks and responsibilities. Using and retaining the knowledge Moreover, this is also an area, where project management is important. Projects in the organizations produce the knowledge. Knowledge shows a critical asset for most of the businesses (Mar, 2012). Implementing the process of project management makes sure that knowledge is taken and managed. The above-mentioned points can help in understanding the role of project management in todays business world. Thus, project management is important in the organizations of all sizes. As the businessmen and company managers deal with the daily tasks and responsibilities for managing a company, it is significant to assign skillful and dedicated project managers to look at the projects from beginning to completion. References Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Larson, E.W. and Gray, C., 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. Majeed, M, 2012, Why is Project Management Important in Business Industry?, Retrieved from https://project-management.com/why-is-project-management-important-in-business-industry/.Mar, A, 2012, Why Project Management Important, retrieved from https://management.simplicable.com/management/new/why-project-management-is-important.Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), pp.202-217