Budget Forecast and Cost Elemental Plan for Oakworth Offices Essay

Budget Forecast and Cost Elemental Plan for Oakworth Offices - Essay Example In the construction of a good budget forecast that can depend upon for cost analysis, all revenue and expenses must be correctly matched with, the budget estimate must make sense and proper methods such as variance analysis must be able to draft from for example in comparison with actual and expected expenditure. In defining a good construction plan, project costs must be clearly defined, to achieve far and more reaching goals in the industry (Building LLC 2014). The driving force towards establishing a good construction budgeted forecast is to is to be aware of the amount of cash the investor or shareholder is ready to spend on the project so as to avoid running of budget deficits in the long term. They will assist both the management and the project council to deduce if extra cash needs to be handed in, the project will continue for the foreseeable future purposes. The body in charge of quantity surveying must analyze critically the cost and expense required and make sure there is no wastage of resources when there are inaccurate estimations that will have future imbalances when compared to the source of money pocket. (Xiao, Xui, Xiao 2009).Project Budgeting will, therefore, include costs such as soft costs, construction costs, other owner contracted, facilities and furniture expenses. In the preparation of budget forecast for the Oaks worth, two stories building an evaluation of time provides a 10-month construction period, which would be allocated in tabular form as provided below. The time required for each project activity will be allocated based on the cost allocation methods such as the direct method and step down method that majorly bases on the amount of cash to be spent in the project process. (Schwulst 2014).

Is corporate social responsibility 'hypocritical window Essay

Is corporate social responsibility 'hypocritical window dressing' - Essay Example rity, many businesses have been spending a lot of resources on this area and the number of activities done in the name of corporate responsibility have increased tremendously. These activities range from simple philanthropic activities to costly scientific activities, which involve heavy spending of the respective firms’ resources. Companies do not engage in these activities to just improve the living conditions of the people since the goals of majority of these organizations is profit maximizations. They can therefore not channel many resources on ventures that are not promising positive effects on their revenue collections and just as Milton Friedman said corporate social responsibility is merely hypocritical window dressing (Muhr, Sorensen & Vallentin 2010, p.87). CSR is hypocritical since it does not seek to solve real problems, which affect people rather it is geared towards solving the problems that are either directly or indirectly connected to. A company can only be sa id to be sincere in its involvement in offering social responsibility if it seeks to provide remedy for all the harm it causes to all the people regardless of their location in the course of its operations. One of the reasons that justify the claim that CSR is hypocritical window dressing is its main aim of involvement in the community’s activities, which is to improve the firm’s reputation in the market it operates in. A good reputation adds value to the worth of a business organization, which is evidenced in such activities as increased shareholders value, and increased sales since majority of consumers prefer organizations that seem to be involved in improving the living conditions of the people (Doorley & Helio 2015, p.5). Organizations have understood this and they therefore design all their corporate social involvement in such a way that will result to creation of a good name in the market. They for example report their social involvements and their efforts to improve the