Tag: ANOVA

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Recruitment & Selection Procedures at Staffing Firm


Statement of the problem:

The purpose of the study was to understand the behaviors as well as the techniques used in hiring candidates. Observations and suggestions were made so as to enhance the quality of the effort taken. Attrition and recruitment are directly proportional to each other whereas retention and recruitment are inversely proportionate. In the same manner, the cost of the company and attrition are directly linked with each other. The higher the attrition rate higher would be the recruitment rate in turn increasing the company`s cost. This problem will be analyzed during the course of the project

Objectives of the study:

1. To study and understand the methods and procedures used for recruitment & selection.
2. To understand the objective of the recruitment policy which is to be used to resource the best talent through internal and external sources to achieve the business objectives and goals of the Company.
3. To learn what the process of recruitment and selection should be followed.
4. To develop recommendations to overcome the barriers to the recruitment & selection procedures.
5. To get practical knowledge in employee hiring in the organization.
6. To give suggestions on the basis of the observations made during the course of project work

Explanation of the Method:

The methodology used to collate data will be primary as well as secondary.

PRIMARY DATA:

Primary data information on a first-hand basis will be taken. Personal contact will be made with the hires as well as with the candidates. The contact can be in all forms of communication viz. email, telephonic conversations as well as direct contact. The resumes will be handled and screened with the help of the project guide. This will give an in-depth knowledge of screening, reviewing, and sorting of resumes. Further with the help of various sources, the resumes will be taken into consideration for recruitment.

SECONDARY DATA:

Data will be collected from websites, going through the records of the organization. This will be the data that has been collected by the individuals for purpose other than those of my particular research study. Surveys will be done internally and externally to collect both primary as well as secondary data.

Questionnaire

Q.1) Organization clearly define the position objectives, requirements, and candidate specifications in the recruitment process?
Q. 2) Organization doing timeliness recruitment and Selection process?
Q.3) HR provides an adequate pool of quality applicants?
Q.4) HR team acts as a consultant to enhance the quality of the applicant pre-screening process
Q.5) Organization use effective process for the interview and other selection instruments, such as testing
Q.6) HR trains hiring employees to make the best hiring decisions
Q.7) HR finds good candidates from non-traditional sources when Necessary
Q.8) HR department’s performance in recruitment and selection
Q.9) HR Department is efficient in the Recruitment & Selection Policy of the employees
Q.10) HR maintains an adequate pool of quality “protected class” applicants 
Q. 11) The needs of the organization’s affirmative action, clarified and supported in the selection process

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A Study on Employee Safety and Welfare Measures at Ready Mix Concrete Company

Objectives of the Study

  1. To know the procedures and policies followed in the organization.
  2. To study whether the health, safety, and welfare measures followed in the organization are according to the Factories Act. 1948.
  3. To know the opinion of the employees regarding the health, welfare, and safety provided in XYZ Ready Mix Concrete Pvt Ltd.
  4. To know the impact of health, safety, and welfare facilities on the performance and productivity of the employees.

Scope of the Study

The Scope of the study covers the importance of health, safety, and welfare measures in the production and productivity of Ready Mix Concrete Pvt Ltd., Bangalore. The sampling units at the company are restricted to staff and employees. The overall sample is taken as 50 employees. The project covers information related to all the departments of the Bangalore Plant of Ready-mix Concrete Pvt Ltd.

Research Methodology

Every research, Project, or study will have a process flow of doing it. The methodology is nothing but the process or the step-by-step process or the algorithm of carrying out the study or the research. In this study also the regular process has been adopted to identify and study the employee safety and welfare measures in ready Mix Concrete Pvt Ltd., Bangalore.

Research Design:

Research design is the basic guideline for the research study. As the present study is to know the satisfaction of employees towards the welfare measure undertaken by the industry. The researcher has adopted a descriptive research design.

Area of Study

The study has been conducted in Ready Mix Concrete Pvt Ltd., Bangalore

Sampling design

The researcher followed simple random sampling, which is one of the types of probability sampling.

Sample Size

The sample size consists of 50 employees.

Methods and Tools of Data Collection

The researcher has used an Interview schedule for the study, which consists of questions relating to health, safety, and welfare measures.

Data Analysis and Interpretation

The schedule was coded and transferred into the master sheet in the form of numerical. It was processed manually using statistical methods majorly the percentage method.

LIMITATIONS:

The limitations of the study are as follows:-

  • The study is restricted to the employees and staff of Ready Mix Concrete, Bangalore.
  • The questionnaire consists of 20 questions. The questionnaire may not cover the whole topic.
  • The Time frame for completing the Project
  • The availability of the head of the department and the external guide and the time spent by them apart from their regular works
  • The analysis is based on the questionnaire and the respondent’s mood matters while answering the questionnaire
  • The seriousness of employees in filling out the questionnaire.

Suggestions

Scientist feels that mindfulness for well-being is very low among workers. So steps might be embraced to expand the mindfulness and requirement for security. The administration needs to focus on the way that the respondents feel that the machines, types of gear, and instruments are not very much planned and kept up. The reactions of the workers in regard to the level of fulfillment of welfare measures are bunched in the acceptable locale. The administration may find a way to change over these into very attractive.

The representatives are not happy with the vehicle offices given by the port, strides might be taken to give offices, particularly for representatives who need to work night shifts. The states of the restrooms and havens might be made strides. They might be given satisfactory offices for rest. Crèche office ought to be given to the representatives.

Conclusion

A larger part of the respondents feels secure while working in the material industry and feel that the well-being measures help to decrease the seriousness of mischances. The review again demonstrates that there is a grouping of respondent’s assessments in the palatable locale with respect to the level of fulfillment of welfare measures. This uncovers a larger part of respondents are happy with the current welfare measures. The administration may find a way to change over these into very tasteful. The few welfare measures which were dissatisfactory with transport offices, rest room offices and the time slip by. The administration may focus on these zones to build the fulfillment level of representatives towards the welfare measures.

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Study of Performance Management at Info Edge India Ltd

Title of the Project: Study of Performance Management at Info Edge India Ltd.

Statement of the problem: To study the Performance Management at Info Edge India Ltd. and how does it affect the performance of the employees of the Company

Objectives of the study:

1. To analyze the Performance Management System of Info Edge India Ltd. in detail and its effectiveness.

2. To identify the problems faced by appraise and the appraiser in this system.

3. To evaluate the steps taken by the appraisers for the improvement of the performances of appraise.

4. To trace the drawbacks in prevailing system and suggest the latest methodology with respect to the same.

Explanation of the Method: Sample population would be the employees of the Company in Operations Depatment. Sample size would be 50. Will conduct Questionnaires and interviews with the employees to know about their feedback about the company’s policy for Performance Management. Will use Likert Rating Scale method to analyze the issues relating to performance management. Rating Scales would be – Strongly Disagree, Disagree, Can’t say, Agree, Strongly Agree

Company Name: Info Edge (India) Ltd.

Company Profile: Info Edge is India’s premier on-line classified company in recruitment, matrimony, real estate and education.

Questionnaire (10 to 15 questions)

1. How much do you know about the Performance Appraisal?
2. How much involved do you feel in the process of setting objectives and targets of you future performance?
3. Does your Performance Review improves job performance?
4. Organization has an established performance management system.
5. The organization provides correct feedback for the performance.
6. The organization is good at providing recognition for good performance.
7. Do you actively carry out all the responsibilities assigned to you?
8. How much motivated do you feel after the appraisal system?
9. The performance management system in the organization is fair and thorough.
10. Are you satisfied with the current performance management system in the organization?
11. Appraisal system improves relation with manager.
12. You are always ready to contribute the ideas and innovations for the betterment of organization.
13. The tasks that you do at work are themselves representing a driving power in your job
14. How much comfortable do you feel in spending longer working hours for the organization?
15. Current performance management system in the organization clearly spells out the responsibility and reward for performance
16. Would you want to work for the organization in the nearest future?

Number of respondents: 50

Area of study: Info Edge India Ltd., Operations Dept.

Method you will use to classify data: I will be conducting Questionnaires(based on Likert Rating Scale Method) and interviews with the employees of the company as well as my co-workers.

Method you will use to present data: Data Analysis and Interpretations will be done by using pie-charts, bar-graphs, etc.

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An Equity Research Study and Comparative Analysis on companies within a specific Industry

Along with the increase in the volume of trading in stock markets worldwide, there has also been a rise in investors’ sentiments and awareness about the risks and returns associated with their chosen portfolio(s). A boost in the growth of industrialization and globalization in business has further interlinked the economies and industries on a large scale.

Against the backdrop of such a scenario, an investor gets presented with a wide variety of financial avenues for investments in the stock markets. The stock market is a very sensitive domain among the various investment opportunities. A slight miscalculation or interpretation of the performances of various stocks may lead to wrong assumptions and the selection of inappropriate equities(stocks) of companies. This ultimately may cause huge financial risk and losses to retail and institutional investors or foreign investors.

In such a critical scenario, it becomes imperative for investors to have complete and unbiased knowledge and information about various companies trading in the stock exchanges in order to evaluate, analyze and choose the right kind of stocks to invest in. This is where an equity analyst comes into the picture. The job of an Equity Analyst is to do an extensive study on the concerned industry/company in any particular economy by looking into and measuring the past and present performances of the company and projecting its future potential and line of profit based on these detailed studies.

Thus, Equity Research is a radical study involving the analysis of various industries and companies done by an Equity Research Analyst. These analysts are usually engaged by investors who actively trade in stock markets worldwide or even by large investment institutions. So, such analysts perform a meticulous survey on various business sectors of the economy and give recommendations to their clients on ‘Buying’, ‘Selling’ or ‘Holding’ of stocks and based on the performance of such stocks in the future, the analysts earn rewards or their share of profit/earnings.

An equity research analysis is mainly of two types: Fundamental Analysis and Technical Analysis. Both these methods of approach towards analyzing stocks are different in their work methodology and are therefore in contrast with one another. Fundamental Analysis focuses on determining the intrinsic(true) value of stocks by evaluating the performances of a company based on its financial statements like the Balance Sheet, Profit & Loss statement, and Cash Flow statements. It is a long-time approach to Equity Analysis and is the traditional one between the two. The Technical Analysis requires an extensive study of the market and the demand and supply factors that influence the prices of stocks in the market.

The work methodology here involves studying the past pricing trends of stocks in the market and predicting their present & future values by studying such trends from various statistical data and patterns like bar diagrams, charts, and graphs and using statistical tools like Moving Averages, Candle-Stick, Relative Strength Index(RSI), Fibonacci Series, etc. Both these kinds of analysis offer useful orientations to evaluate stock prices and their performances and are a debatable topic among research analysts as both come with certain pros and cons related to their basic principles and fundamentals.

This project is hence, a kind of research to dig deeper into the Indian Stock Market and analyze which industry is the best to invest in, from an Equity Analyst’s point of view.

RESEARCH OBJECTIVE:

This research project broadly aims to find out the best possible alternatives for an equity investor to invest in the Indian economy by studying and analyzing the performances of relevant industries and companies within it. To detail it out in the following points as mentioned below, the objective of the project covers:

To find out if the Indexing Strategy is effective or not (Any alternative method/strategy can also be used)

Indexing Strategy is based on the passive psychology and sentiment of investors wherein they believe in investing only in the high-performing stocks of the market or usually in stocks of blue-chip companies or those stocks which are included in the stock indices like Sensex or Nifty. The main strategy here is to follow and analyze those stocks in the market to invest further in them, which follow the stock index returns closely or have a close correlation with the market index returns. Hence, this project aims at following the Indexing Strategy to evaluate stocks of blue chip companies in order to find out the best stock/equity to invest in and see how many effective results it gives.

To find out the best performing Industry/sector presently in the economy.

The aim of this research project is to find out which Indian industry is performing optimally in the capital markets during the past quarter and hence can be the most favored option for equity investors to invest in. This research also attempts to find out which Industry follows the Indian stock index closely and hence is the one to be most impacted by the market index returns.

  • To find out the best-performing companies in the resultant best-performing industry.

The other objective is to further analyze the companies within the chosen best-performing industry to find out which 3 companies have the highest correlation with the stock market index and then draw a comparative analysis among them to choose the best option available to the investors for equity investing.

To study the impact of the recent demonetization of Indian currency (optional objective)

This study will also focus on finding out what effect the recent demonetization in the economy had on the whole stock market in India. The study will hence reveal what kind of positive or negative impact the demonetization had on the various sectors and companies of the Indian economy that actively trade in the stock markets, the effect on Sensex/ Nifty, and also reflect the effects on the stock prices and their returns on investment.

HYPOTHESIS:

 The stock of a particular company that has strong fundamentals(financial statement records) and follows the Indexing Strategy style of investment serves to be the best possible investment option for an equity investor in present times.

RESEARCH METHODOLOGY:

This research methodology is based on analytical research. The approach/technique used here to evaluate the performances of industries and relevant companies within it is the fundamental (and technical) analysis of stocks. This will be from an equity analyst’s perspective.

Nature/source of data:

The data used will be secondary data. The financial statements and annual reports of the companies would be procured from the relevant company’s official website and through authorized statistical data-oriented sites. Much of the information is also obtained through the official trading sites of NSE and BSE and through other frequent equity trading sites. The literature review information is obtained after going through several economic and financial journals relating to “Equity Analysis of stocks”.

The time period covered:

The daily share prices of the relevant companies chosen and the financial statements of companies are taken for a period of the past 5-10 years (a long time period needed for carrying out fundamental analysis). For technical analysis, around 5 year period can be assumed.

Steps of Research Process:

The framework of the research process is described as under:

FUNDAMENTAL ANALYSIS: This involves evaluating and studying the financial statements and reports of the companies in order to analyze the performances of each company on the stock exchange. Fundamental analysis involves:

Analysis of the industries –

Some prominent business sectors/industries in the economy would be taken and studied thoroughly. The industries which have a strong impact on the index or vice versa will be traced and accordingly, the best sector will be chosen for investment. A thorough analysis of the resultant sector would be carried out like

  • Key revenue drivers.
  • Critical factors driving the industry.

Analysis of the companies –

This will involve taking an array of companies within the specified sector and the top three companies that follow the market index returns closely will be chosen. Then a comparative analysis among the three will be drawn through RATIO ANALYSIS by employing different profitability and valuation ratios. Lastly, Equity Valuation models like Discounted Cash Flow method(DCF) will be used to arrive at the present value of equity for various companies and hence decide their worth for investment and profitability or returns.

STOCK RECOMMENDATION: This will involve recommendations on holding/selling or buying the stocks depending on the results of the research work and nature of the business and the stock market scenario.

Statistical Tools employed: ( subject to changes as and when required)

  • To identify the industry most correlated to stock index returns-

             Covariance of ( index return, industry return).

  • To identify companies (within the chosen sector) most correlated to stock index returns-

Covariance of (company return, index return).

Covariance =( ∑{[ return of market index – average return of market index] * [return of industry, company – average return of industry, company]}) /( sample size)-1

  • Return of index/company-

 By using Relative of Change (ROC):

   Return = ( {Ending price level – starting price level } / { Starting price level }) * 100

Where Starting Price= Opening price on the 1st day of the start of the quarter.

Ending Price=   Closing price on the last day of the end of the quarter.

SCOPE OF THE RESEARCH:

A better understanding of the performance of companies and valuations of their stocks against the stock market trends will facilitate the allocation of financial sources to the most profitable investment opportunity. The valuations of stocks will enable equity investors to make appropriate investment decisions.

The equity analysis research work also helps in understanding the behavior of the equity market. It helps the investors to be aware of the risk-profit relations concerned with equity buying or selling or holding of shares of companies and has a specific idea of how each sector or industry is operating in the economy. Ultimately, the analysis process helps in identifying the stocks which could yield higher returns and lesser risks.

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The Impact of Quality Circles on Employee Productivity with reference to IT Sector

STATEMENT OF THE PROBLEM:

The success of any organization is highly dependent and how it attracts, recruits, motivates and retains its work force. Today organization needs to be more flexible so that they are equipped their work force and enjoy their commitment. Therefore organizations are required to adopt a strategy to improve the employees ‘Quality Circles’. The employees are facing with loads of work with little time left for them so this study will help in knowing the existing Quality Circles and to improve the conditions for better work life and job motivation.

OBJECTIVES OF THE STUDY:

  • To know the Quality Circles of staff working in IT Companies
  • To analyze Quality Circles for men and women in the IT Companies
  • To study the impact of QC on job satisfaction of employees.
  • To know the problems faced by employees in their present job.
  • To find out measures to improve the existing condition of employees in IT Companies.

SCOPE OF THE STUDY:

The Scope of the study for the present research depends on the factors which will form the essence of the Quality Circles in the IT Companies:

  • Flexible time.
  • Job enrichment.
  • Management by objectives.
  • Job rotation.
  • Job enlargement.
  • Autonomous work group.
  • Employee participation

 The factors that influence and decide the Quality Circles are:

  • Attitude
  • Environment
  • Opportunities
  • Nature of Job
  • People
  • Stress Level
  • Career Prospects
  • Challenges
  • Growth and Development
  • Risk Involved and Reward

RESEARCH METHODOLOGY:

Research design:

The Research design to be used in this study is both Exploratory and Descriptive in nature.

  1. Sampling design:
  2. Sampling procedure: Simple random sampling
  3. Sample size: 100 respondents from five IT Companies in such a way so as to select 20 respondents from each Company.
  4. Sampling frame: Employees of Top five IT Companies in Bangalore
  5. Sampling Units: Employees working in five IT Companies will form part of sampling units.
  6. Infosys Technologies
  7. Cognizant Technology Solutions
  8. TCS
  9. Wipro
  10. HCL Technologies

Data Collection sources:

  1. Primary data sources: Questionnaire will be used to collect the primary data.
  2. Secondary data sources: HR text books, Journals, articles from Business Newspapers and Company recruitment reports may form part of the secondary data.
  3. Data Analysis: Data will be analyzed using suitable charts, graphs and other tools.

  LIMITATIONS OF THE STUDY

  • The sample size is limited to 100 employees working in IT Companies.
  • The study is limited to IT Companies located in Bangalore city only.
  • The Study is limited in studying only the Quality Circles of employees.
  • The views and opinions of the respondents may change over the period of time.

DIRECTION FOR FUTURE RESEARCH:

The study focused on the Quality Circles in the particular organization. It focuses on the work style of employee in an organization.

The study was done to find out as to how the present work environment of the IT Companies is effecting the employee productivity and what steps can be taken to improve the work environment for the betterment of the Organization as well as the employees so that the employees are motivated to perform better and contribute for the organization growth and talented and dedicated employees don’t leave the companies during short period of time.

SUGGESTIONS:

  1. Organization need to use number of measurement and approaches to establish current performance.
  2. Organization need to use appropriately a number of basic analysis tools and techniques to establish the root cause of a problem.
  3. Understand key lean concepts and tools, when and how to apply them to drive improvements
  4. Recognize the difference in approach and techniques for incremental and redesign improvement strategies and know how to decide on the correct approach.
  5. Establish on-going process controls and process governance structures
  6. Decisions in my department are made with the input from people who was affected by the decision
  7. By this study we can suggest to use Value Stream Mapping to show the linkage between merits and worth in training
  8. There can be quality learning programs like creating self-learning and evaluation modules for the employees
  9. It is recommended that the whole population of trainers in the department undergo a survey tackling on issues of morale and how they feel things can change for the better quality work.
  10. Some of the respondents are aware of the agenda on the quality check meeting. It is suggested to the management to inform about the agenda details on quality check meeting so that the respondents can prepare the agenda which will help for discussions.
  11. Most  of the organizations prefer for quality audit. It is suggested that the remaining organizations should also have quality audit in their organizations.
  12. Majority of the companies  are using quality information system in their organizations. It is suggested to the organizations to implement the quality information system in the remaining organizations also and should be regularly updated.

CONCLUSION

The present study on QM was done in IT Companies with the purpose of understanding the impact of QM practices and application in Indian Industries.  It comprises of a dynamic and enthusiastic team determined to accomplish the vision of becoming a World-class Indian bank.

It’s business philosophy is based on our four core values – Customer Focus, Operational Excellence, Product Leadership and People. It believe that the ultimate identity and success of  the organisation will reside in the exceptional quality of our people and their extraordinary efforts.

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Study on Best Human Resource HR Practices in Software Services Company

PROBLEM STATEMENT

This study is conducted in Software services and it contributes to our understanding of human resource (HR) practice’s impact on organizational effectiveness.

OBJECTIVES:

  • To study the effectiveness of current hr practices in Software Services Company
  • To compare past and present HR practices in Software Services Company
  • To analyze if any new improvement is made in the new HR practices
  • To give proper suggestions for HR practices in Software Services Company
  • To analyze Software Services Companies to achieve their goals through best HR practices

 LIMITATIONS

  • Accuracy may not be possible (to compare the overall population, the sample size is less)
  • Mumbai branch alone is considered for the survey for Software Services Company.
  • The main limitation of the study is the lack of time.
  • Due to time constraints, the sample size taken for the study is small.

 TYPE OF RESEARCH

The topic for the research study is trends in HR and the nature of the topic is theoretical and descriptive. So the conduct the research study the type of research suitable is descriptive research only. The data are collected from company records, employees, and customers of the companies performing in IT and other sectors. The descriptive research has met the requirement of the research study.

SUGGESTIONS:

  1. The company should not consider political, economic, or social factors for recruiting employees. Hence the company will not lose talent.
  2. The company can provide more motivational activities for the employees. This may improve the performance of the employees.
  3. The company can recruit more women employees, as there are only a few women employed in the company.
  4. More relevant training programs should be given to the employees, as it helps in the performance of the employees.
  5. The career development of each & every employee could be monitored. Each employee can also be given counseling individually, as it may help in the career development of the employees.

 CONCLUSION 

The project study in “Best Human Resource Practice” at Software Services Company was to determine the Human resource practices of the organization.

Software Services Company provides the best performance appraisal for the employees which helps to improve the performance of the employee. The health and safety measures provided by the organization to the employees are found to be good for the organization.

The study provides valuable information about the Human Resource Practices of the company. From the study, it came to know that the human resource practices of the company are carried out in the best way.

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Effectiveness of Project Management Techniques with reference to Real Estate Companies

Need of the Study:

The purpose of the  “Effectiveness of Project Management Techniques with reference to Real Estate Companies in Hyderabad-A Comparative Study” is to know the effective use of Project Management which draws on the wider knowledge and skills being used in Real Estate Companies. The study will help in studying the effective utilization of present Project Management which will help in working on companies’ different projects. The Study is undertaken to find out the effective use and application of Project Management in Real Estate Companies. The study will also throw light on the Project planning and information tracking of recent projects and the quality of Project Management which may have a major impact on the Project Manager’s satisfaction and decision-making.

 OBJECTIVES OF THE STUDY:

  • To study the effective application of Project Management in Real Estate Companies in Hyderabad.
  • To assess the quality of Project Management used in tracking the project Status and information access in selected Real Estate Companies in Hyderabad.
  • To find the effective usage of Project Management by a Project team working on various projects in Real Estate Companies.
  • To know the satisfaction level of Project Managers using Project Management and its impact on decision-making and report preparation.
  • To understand the need for changing from the present information system based on past records and quality problems with the existing Project Management.

RESEARCH METHODOLOGY:

Sampling Design:

Sampling frame: The sample frame will be taken from Real Estate Companies in Hyderabad 

Sample size: The sample size will be around 100 respondents taking 20 each from among the top five Real Estate Companies in Hyderabad city.

Sampling Method: The Sampling Procedure to be used is Convenience Sampling.

Sample Units: The Project Managers and Teams working on different real estate projects in Real Estate Companies will form part of the Sampling units. The following top five Real Estate Companies that are considered for the study are as follows:

  1. Jayabheri Properties
  2. Janapriya
  3. Gharonda
  4. Legend
  5. Lanco Constructions

 Data collection sources:

  1. Primary data: For this study, Questionnaire will be prepared to contain Variables on Project Management quality such as availability, reliability, relevance, accuracy, No of projects undertaken, information overload, Project Planning, Scheduling system Impact on decision making, Project Manager’s satisfaction with Project Management, Impact of information, weekly status report, Project tracking through dashboards, Inspection,  and other information related to Project Management.
  2. Secondary data: Under Exploratory Research, Secondary Data will be collected from Journals, Textbooks, and Websites; Newspaper Articles will form part of the secondary data.

Data analysis tools:

Data collected from 100 respondents will be analyzed through Tables, charts, and graphs using suitable measuring scales.

 LIMITATIONS OF THE STUDY

  • The study is limited to the Real Estate Companies Located in Hyderabad City only.
  • The Study will be undertaken for a period of 40-50 days approximately
  • The sample size is Limited to 100 respondents only.
  • The opinion of the respondents may change over a period of time.
  • The companies may upgrade their present Project Management in the future.

SCOPE FOR FURTHER RESEARCH:

 The study will help in understanding how effectively Project Management is being used in Major Real Estate Companies in Hyderabad. The study will help in studying the problems associated with developing; Managing and application of Project Management. The modern tools will have an impact on the quality, cost, and Time factor of the companies’ projects and database management system. The present study will be a torch bearer for future researchers who will have an understanding of the companies’ dependence on and effective use of current Project Management.

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A Study on impact of HRM Practices in Selected Construction Companies in Chandigarh

Project Title:

“A Study on impact of HRM Practices in Selected Construction Companies in Chandigarh.”

STATEMENT OF THE PROBLEM:

Employees are encouraged to take more responsibility, communicate more effectively, act creatively, and innovate HRM links remuneration to customer satisfaction metrics. This study helps the importance of Quality circles and its impact on employees productivity which in turn help the Construction Companies to achieve its goals.

OBJECTIVES OF THE STUDY:

  • To find the degree of HRM Practices implemented in the Construction Companies in Chandigarh
  • To study the level of commitment of employees towards their work in Construction Companies of Chandigarh
  • To analyse the techniques used for maintaining quality of work in Construction Companies in Chandigarh
  • To study the impact of HRM practices on employee performance in the Construction Companies.

RESEARCH METHODOLOGY:

SAMPLING DESIGN:

  • Sampling Procedure: The Employees will be randomly selected from the Construction Companies.
  • Sample units: Employees of five selected companies such as L&T, Consort Builders, S.S Constructions, ATS office, Ansal housing having branches in Chandigarh will be part of 100 sampling units.
  • Sample size: The sample size of about 100 employees will be taken for the Study dividing equally among five Construction Companies.
  • Data Collection:

Data will be collected from employee from different departments in an Organization.

  • Primary Data:

The primary data will be collected through questionnaire. About 100 employees would be taken from four selected Construction Companies for the Study.

  • Secondary Data:

The secondary data will be collected from HRM journals, magazines, text books on Management, websites and other publications.

  • Data analysis
  • Statistical tool such as Cross tabulation, charts, graphs, percentages and other suitable tools may be used to analyse the collected Data.

Period of the study:  about 50 days

LIMITATIONS OF THE STUDY: 

  1. The study is confined to HRM practices in Construction companies in Chandigarh only.
  2. The study is Limited to 100 employees working in Construction Companies
  3. The study is limited to for a period of 50 days only.
  4. The opinions and respondents may change over the period of time.
  5. The Data collected may become out-dated in future as new HRM practices may be implemented in future.
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A study on Technical analysis of Crude oil Futures with reference to Commodity Exchange (COMEX)

 PROJECT SYNOPSIS 

PROJECT TITLE:

“A study on Technical analysis of Crude oil Futures with reference to Commodity Exchange (COMEX).” 

NEED OF THE STUDY:

The Crude oil futures prices have shown a lot of volatility over the years; hence it is necessary to know the various technical and fundamental factors that influence the prices of Crude oil futures which will help the investor in reducing the risk involved in speculation. Since there is cut-throat competition in the present world market there is a need to study factors affecting Crude oil prices Even when Crude oil prices are high there is still a boom in the commodities market of Crude oil prices hence the main purpose and the need for the study are to know the Trend and direction of the Crude oil prices in COMEX   which is the index of other commodity exchanges which will help the investors to assess the level of risk and opportunities for buying and selling attached to it.

The study will give an insight into trading under Crude oil futures Prices of developed countries. The study is expected to identify various factors such as technical and fundamental that will impact price fluctuations of Crude oil in international trading platforms with special reference to COMEX.

OBJECTIVES OF THE STUDY:

  1. To know how Crude oil prices are traded in International Market
  2. To analyze the price fluctuations of Crude oil prices at COMEX
  3. To Conduct the Technical analysis of Crude oil futures using a Candle stick Study for the last year.
  4. To evaluate the trend analysis of Crude oil prices at COMEX
  5. To study the impact of Crude oil prices on investors and provide suitable direction for investing by studying the buying and selling points.

SCOPE OF THE STUDY:

  • The study covers various tools used like Relative strength index, Moving averages, Stochastics, MACD, and Bollinger bands.
  • The study is confined only to Crude oil Futures in the commodity market and the last year’s data is taken.

RESEARCH METHODOLOGY:   The data which is used is secondary in nature.

  • SECONDARY DATA:

The data will be collected from the journals, articles, books, and technical data available at International exchanges websites and Historical Chart Patterns using Candle Sticks. 

DATA ANALYSIS TOOLS:

Technical Tools:

The various technical tools applied on Candle sticks charts such as the Relative strength index, MACD, and Bollinger bands will be used for analyzing Crude oil futures traded at COMEX. 

  LIMITATIONS:

  • Difficulty in getting the live prices of Crude oil prices in absence of online research
  • Use of limited technical tools.
  • Commodity trading is limited to Crude oil prices only.
  • The study is limited only for a certain period of One year.)
  • There may be factors other than those studied in this research that may impact Crude oil prices.
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A Study on Role of Project Management Information system (PMIS) for successful implementation of Projects

Title of the project: A Study on “Role of Project Management Information system (PMIS)” for successful implementation of Projects.

Objectives of the project:

  • To investigate the contribution of PMIS towards the success of various projects.
  • To study the role of every component of PMIS for the successful implementation of projects.
  • To analyze information instruments for the current management of ongoing projects.
  • To study how to create and maintain an information circulation network for the management of operational activities.
  • To study the importance of Enterprise guidance and project background information.
  • To study information coming from various sources, including formal reports, informal sources, observations, project review meetings, and questioning.
  • To study the interface of PMIS with larger organizational information systems to permit smooth, well-organized interchange of information in support of organizational and project goals.

Problem Statement:

A PMIS consists of people, equipment, and procedure to collect, process, store, combine, and communicate the needed information to users (stakeholders) for carrying out project management functions.

The success of the timely implementation of projects depends on the availability of essential information at the appropriate time. The information is needed for taking various decisions during the selection, planning, execution, and closure of a project. Project Management Information System (PMIS) aims to provide relevant information on time, resulting in improved performance.

Traditionally, this system was manual, paper-based, and labor-intensive. It was slow to respond and update. The advancement of computer and telecommunication technology made a phenomenal change in it.

The features of present PMIS include:

  • Speed: Processes speed up the creation of information within a blink of an eye.
  • Capacity: Ability to process and store large data.
  • Efficient: Fewer people are needed to manage the system.
  • Economic: Provides cost advantage over manual system.
  • Accuracy: Provides better accuracy than a manual system. 

Project Management Information System (PMIS) helps in planning, executing, and closing project management goals. Project managers use PMIS for budget frameworks such as estimating costs at the time of the planning process. Furthermore, the PMIS is employed to build a specific schedule and classify the scope baseline.

The project management team collects information into one database while executing the project management goals. It is used to compare the baseline with the actual achievement of each activity, manage materials, collect financial data, and keep a record for reporting purposes. The PMIS is used to assess the goals to ensure that the tasks were accomplished when the project is closed after that, it is employed to make a final report of the project close.

Methodology to be used:

The research process or methodology is the approach to the entire study- it is the master plan. It is the blueprint for achieving the objectives.

PRIMARY DATA COLLECTION

Data are collected firsthand. The key point here is that the data you collect is unique and research; until it is published no one else has access to it.

There are many methods of collecting primary data and these methods include

  • Questionnaire
  • Interview
  • Focus group interviews
  • Observation
  • Case Studies
  • Diaries
  • Critical incidents
  • Portfolios.

The primary data, which is generated by the above methods may be qualitative or quantitative the nature. 

Questionnaire

The questionnaire is one of the most widely used survey data collection techniques. Because each person is asked to respond to the same set of questions. It provides an efficient way of collecting responses from a large sample prior to quantitative analysis.

Interview

Interviewing is a technique that is primarily used to gain an understanding of the underlying reasons and motivations for people’s attitudes preferences or behavior. Interviews can be undertaken on a personal one-to-one basis or in a group.

SECONDARY DATA COLLECTION

Secondary data is one type of quantitative data that has already been collected by someone else for a different purpose than yours. Examples of secondary data are case studies, government reports, organizational reports, etc.

Statistical Tools for representation and analysis of data

  1. Tabulation
  2. Graphs
  3. Chart
  4. Pareto Analysis
  5. Diagrams

This project will be mostly based on my own experience and case studies of different researchers but I will also use the experience of my colleagues and suggestions of my higher official. An exhaustive amount of data available on the internet, from textbooks, newspapers, and various magazines, and suggestions from a few experts in the field will be analyzed in doing this project.