Well when it comes to the main definition, Wikipedia defines the term as,
" Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care. "
Now, the above definition may sound confusing that's why let's simplify it. Shall we ?
Basically, due diligence is any kind of inquiry any business does before going ahead with merger, acquisition or any deal in general.
Knowing the other party is crucial in this case as it helps to identify and distinguish the intention behind doing business.
That's why proper due diligence is necessary each time a business goes ahead with any contract with another.
Wednesday, June 29, 2022
Due Diligence
Monday, June 27, 2022
The cantilever principle
Saturday, June 25, 2022
Urban Master Planning
Urban Master Planning is the Art to Optimize the Land-use; considering Compliance to Regulations, Provide reasonable Quality of Living, and Achieve acceptable Feasibility
Thursday, June 23, 2022
Moving a 7,600 ton apartment building
Moving and relocating buildings was practiced in many countries across the world.. African huts and Malaysian houses were light to manage with just man-powers.. Later, in USA the practice had been used by complex technology for both heritage and valuable buildings.. The ICOMOS may disagree with the techniques that disturb both geographical and architectural authentic orientations; yet it is worth to do instead of demolishing the properties that contradicts the vital urban developments.. The application costs are certainly far less than the rebuilding proposal..
During the Communist Era in Romania, huge massive Soviet-style apartment buildings were built everywhere. In the city of Alba Iulia, they were planning a majestic boulevard but realized one of those ugly monsters got in their way.
The solution? They split it in two and moved one of the halves to the other side of the road. They dug under the building, put railways and wheels, and moved it 55 meters away (180 ft).
The whole operation took 5 hours and 40 minutes and the (now) 2 separate buildings were moved apart on a 33-degree inclined angle. All this was done with the residents still inside the building. A woman decided to place a glass of water on the edge of her balcony and it didn’t spill a drop.
Elevating a whole structure is typically done by attaching a temporary steel framework under the structure to support the structure.
A network of hydraulic jacks is placed under the framework and controlled by a unified jacking system, elevating the structure off the foundation.
An older, low-technology method is to use building jacks called screw jacks or jackscrews which are manually turned.
With both types of jacking systems described here wood beams called cribs, cribbing, or box cribs are stacked into piles to support both the structure and the jacks as the structure is lifted in increments.
Once the structure is at a sufficient height, a flatbed truck or hydraulic dollies are placed under the steel framework to support moves to the final destination. After the move, the structure is lowered reversing the steps just applied.
Systematization (Romanian: Sistematizarea) in Romania refers to a program of urban planning carried out under Nicolae Ceaușescu’s communist regime.
Ceausescu was impressed by ideological mobilization and mass adulation of North Korea’s Juche ideology during his Asia visit in 1971 and began the campaign shortly afterward.
Beginning in 1974, systematization consisted largely of the demolition and reconstruction of existing villages, towns, and cities, in whole or in part, with the stated goal of turning Romania into a “multilaterally developed socialist society”.
Wednesday, June 22, 2022
Manhattan in 1851 and today
Tuesday, June 21, 2022
ERP vs PMIS
PMIS is part of the ERP system, but the companies do not have to have both systems.
Some companies only need the ERP system, others only need PMIS, and sometimes the other two systems need together.
ERP is an integrated system for managing all resources and departments within the company, which includes financial management finance department, human capital department, supply chain department, legal department, compliance department, quality assurance department and information technology department.
The ERP system connects all these sections with each other in an integrated and thorough manner and works to govern all processes and procedures within the system so as to ensure transparency, equality and high quality of all processes and procedures within the organization.
PMIS is used to manage projects within the organization and ensure that they achieve the objectives and plans developed to help the organization's staff follow project schedules, cashflow financial flows, invoices, resource projects, documents and Correspondence projects.
PMIS ensures that projects are followed up and deviations are observed from the beginning and work to correct them before they worsen and their impact on the project also ensures the quality of the information displayed that helps in the decision-making process on which dashboards are designed.
The use of ERP systems has become necessary to facilitate and govern the work, but before proceeding with the process of purchasing these systems and applying them, companies and organizations must evaluate the size of their business and the nature of the projects to know the appropriate type of them and the necessary characteristics of the organization.
Some companies need only a financial management system, some need a financial management system and a human resources management system only, and others only need a project information management system.
Companies must assess their needs and then make the decision to invest in these systems, so if you buy a complete system that includes all the characteristics and features without using it, this will hinder the procedures, weaken the governance process and confuse users, resulting in the failure of the system and thus the loss of investment.