PMI Certification Essay Example for Free

PMI Certification Essay PMI (2008) certification is quite renowned and if one posses the certification they are usually believed to depict higher degree of professionalism and project management techniques to get across their expertise for the projects to initiate and supervise the project management activities. The question which we are faced is whether a certified PMI individual without any prior working experience in IT project team can be hired successfully or not. The answer to it can be judged with the following reasons: A certificate provides one with enough knowledge to learn the project management activities and appropriate decision making tasks, however it cannot teach one to understand how to avoid those difficulties and complexities in the first place. The decision making abilities can never be learned in theory unless one is exposed to the real scenarios for understanding the very nature of the complexities that can develop with time. Real time experience exposes one to the various unmeasured complexities that can arise which must be solved with proper human skills that cannot be taught in books and texts. The various factors and the dynamic variables which envelopes a project can be better understood if one is open to the social, economic and political elements affecting a project. Often setting costs and budgets are influenced with the economic decisions of the state and influenced with international stock and exchange rates which must be studied accordingly and are never taught in texts. The exceptional situations in the projects like people management, client management are some traits which are learned over time and one is able to judge it with personal ethics which no certification can master. Taking the above suggestions in mind, I would not go forward in hiring the individual with no IT project team expertise and with a PMI certificate. References / Bibliography PMI.org (2008). Retrieved 14, January 2008 from http://www.pmi.org/CareerDevelopment/Pages/Our-Credentials.aspx

Faust Essay -- essays research papers

The legend of Faust was a legend that occurred in the 1500’s in Europe. Over time, as the story was told and passed on through generations, many different ideas on what happened were brought up, but the main idea of the story is the same in most cases. One of the most interesting things about this legend is the fact that though this story is more than four hundred years old, it is still told in some contemporary films to this day. All though it is not always as direct as a deal with the actual devil, the same basis of the story can be seen in present day films. In one of the most successful movies of the year 2000, The Matrix, a Faustian theme is evident. The Matrix is a science fiction movie directed by the Wachowski brothers. The old legend of Faust is, in short, about a young scholar who made a deal with Mephistopheles, the devil. Faust was seeking ultimate knowledge and in the deal the devil said he would grant Faust ultimate knowledge in return for his soul. Faust agrees to the deal and after a certain time period of possessing ultimate knowledge Faust suddenly dies. There are many different versions of the story as to exactly how he died, and some versions of the story go into more detail than others. As time passed, Faustian legends were being told in many different stories, many different ways. To have a Faust story, four basic elements should be present: a Faust figure, a devil figure, some sort of temptation, and a price.   Ã‚  Ã‚  Ã‚  Ã‚  The Matrix is about a man, called Neo, who was living an average life, and was heavily into computer hacking. One day he receives messages appearing on his computer leading him towards a meeting with a powerful man named Morphius. Morphius alerts Neo that the reason that the reason that all of federal agents were chasing him and all of these other things were happening to him because he was â€Å"the one†. He was searches for a greater truth in the world than what was just there in his face, and Morphius says that he could show Neo that truth. Morphius then holds two pills in his hands, one pill would lead him to the truth, the other would just take him back to his regular life as if nothing ever happened. Neo wanted the truth about the world so Morphius explained it. He said that the perception is that our day-in, day-out world is real; in reality, that world is a hoax, an elaborate deception spun by al... ...ant to make Faust a hero of some sort.   Ã‚  Ã‚  Ã‚  Ã‚  If someone could go back in time and show this film to people that know of the Faust legend back in around the 1700’s, it would make absolutely no sense. It would seem like a whole lot of unrealistic garbage to those people, but in present times, though the Matrix is very futuristic, it almost seems as if it could be possible. The whole idea of the movie plot seems brilliant and makes people question themselves to whether or not this concept could actually be possible.   Ã‚  Ã‚  Ã‚  Ã‚  The links between the Matrix and the Faust legend can be seen throughout the entire film. Even though the storyline of the legend has gone through a number of changes over time, it is truly amazing how a story that probably is not even true still comes into use in society today. The Faust legend is used in other situations besides just films, stories, or plays; it is also seen in everyday situations for people. There are many ways in which a Faustian theme can come into play in everyday life. For example, any one who has ever sold themselves out for something, gambled, or done drugs has been in a Faustian situation.

A Study on Risk Management in Banking Industry Essay

Risk management is relatively new and emerging practice as far as Indian banks are concerned and has been proved that it’s a mirror of efficient corporate governance of a financial institution. Globalization and significant competition between foreign and domestic banks, survival and optimizing returns are very crucial for banks and financial institutions. However, selecting the efficient customer and providing innovative and value added financial products and services are another paramount factors. In a volatile and dynamic market place for achieving sustainable business growth and shareholder’s value, it is essential to develop a link between risks and rewards of all products and services of the bank. Hence, the banks should have efficient risk management framework to mitigate all internal and external risks. The objective of this study is to envisage ideal framework of bank-wide risk management for Indian Banks. The presence of accurate measures of bank-wide risk management practice increase shareholder’s returns and allows the risk-taking behavior of bank to be more closely aligned with strategic objectives. Bank-wide risk management practice should aim to enhance the drivers of shareholder’s value such as: – 0 Growth; 1 Risk adjusted performance measurement; 2 Consistency of earnings; and 3 Quality and transparency of management. The important steps of the efficient framework of banking concern should ensure all risks are identified, prioritized, quantified, controlled and managed in order to achieve an optimal risk-reward profile. This entails ideal and dedicated coordination of risk management across the bank’s various business units. However, the approach to monitoring and enforcing the adherence of business units within the bank may vary. The factors that influence this decision are: – 4 The feasibility decisions of the business unit. Â  5 The regulatory requirements in respect of the business unit. 6 The cost of effective monitoring and controlling steps. Risk management is a line function that needs to be addressed by each individual cost center and business unit. However, a centralized bank-wide risk management framework has certain advantages for the Bank. The advantages are: – 7 Improving capital efficiency by providing an objective basis for allocating resources reducing expenditures on immaterial risks and exploring natural hedges and portfolio effects; 8 Supporting informed decision making by uncovering areas of high potential adverse impact on drivers of share value, and identifying and exploiting areas of risk-based advantage context. 9 Building investor confidence by establishing a process to stabilize results by protecting them from disturbances, and demonstrating proactive risk stewardship 10 Define cost and profitability centers 11 Profitability and cost allocation on customer, product, services and branch wide Most of the banks do not have dedicated risk management team, policy, procedures and framework in place. Those banks have risk management department, the risk manager’s role is restricted to pre-fact and post-fact analysis of customer’s credit and there is no segregation of credit, market, operational and strategic risks. There are few banks have articulated framework and risk quantification. However, the outputs are far from the stressed or actual losses due to usage of un-compatible implications. The traditional lending practices, assessment of credits, handling of market risks *, treasury functionality and culture of risk-rewards are hauls of public sector banks. Where as private sector banks and financial institutions are some-what better in this context. The sheer size and wide coverage of banks is a big hurdle to integrate and generate a cost effective real time operational data for mapping the risks. Most of the financial institutions processes are encircled to ‘functional silos’ follows bureaucratic structure and yet to come up with a transparent and appropriate corporate governance structure to achieve the stated strategic objectives. CONCLUSION There are many banks like HSBC, Citibank, Deutsche bank have bank-wide risk management practice which contributed in their global success whereas banks and institutions like Sumitomo Corp, Barings, Bank of America, CSFB and UTI have failed due to lack of efficient bank-wide risk management practice (compliance and operational risks). So the above comments emphasis the necessity of having bank-wide risk management to achieve the stated strategic objectives in a competitive, volatile and dynamic market conditions in an emerging Indian economy. We believe the above-described bank-wide risk management framework is easy workable, cost effective and efficient process without any hassles or hurdles of high-tech tools and techniques

America Has A Great Deal Of Issues With Racism - 1491 Words

America has had a great deal of issues with racism since its beginning as a country. The history of America is plagued with racism Towards the Irish, the Chinese, and sadly many others. However, the most notable of all these acts of hatred has to be the terrible mistreatment which black people have had to endure in this country. Since the early years of the country, blacks have been treated horribly. Slaves to white American citizens for many years, they were eventually granted their freedom, only to be met with heavy discrimination for many more years. The African men, women, and children brought to America were not treated as normal people. White people were afraid of them because of how different they looked, thus they treated them as animals, for lack of knowledge. They were also considered ugly for the time â€Å"The Accepted English Standard of Ideal beauty was a fair complexion of rose and white. Negroes seemed the very picture of perverse negation.†( Jordan, 7). After the United States had won the revolutionary war and become an independent country, there was much work to be done. We had hardly any sort of government, and there was a lot of damage done during the revolution, leaving many American buildings in ruin. The country was also short on workers. However there was an easy and cheap alternative to workers, slaves. Being stolen from Africa and sold for cheap, they could be bought by the dozens and put to work onShow MoreRelatedHow Racism Effects American Culture798 Words   |  4 PagesHow Racism Effects American Culture Lakia Williams ENG/147 02/06/2017 Dr. Leonid Chernyak Racism Effects American Racism is used as a weapon to caues harm, divied people of diffirent ethnic background. Today it still a and is something we ve all witnessed and deal with on a daily basis. Is it ok to discrimination agisnst interracial couples or friends? It is one of the most important social problems of the world. 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This is how America presents itself to the world and in turn, this is how much of the world views the United States - a country brimming with opportunity and those willing to work hard will no doubt achieve prosperity, success and happiness. It s no surprise t hen that America has the largest immigrant population in the worldRead MoreTime and Distance Overcome1181 Words   |  5 Pages------------------------------------------------- 8. Essay – Time and Distance Overcome The relationship between white and black people in America is still today an ongoing issue, which can be traced back in history. Even though the issue isn’t as big as it was 50 years ago, it still has influence in America, in every perspective, both as individuals but also as a community. Today we have a black president in America, so America has changed, but how was that possible? And how is the relationship between blacks and whites? Another interesting