Check List for Project Finance Essay Example for Free

Check List for Project Finance Essay 1. Brief description of every project sponsor: company history, establishment date, legal form, ownership, subsidiaries, core activities. Data on sponsor’s experience in the host country and in the project’s industry. Explanation of how the project relates to the sponsor’s strategic direction/goals. 2. Annual reports of the past three years for every project sponsor. Additional requirements in the case of project finance for activities in existing plants: detailed structured data for the past three years and budgets for the next five years on revenues (including a breakdown of export versus domestic foreign currency revenues if any, for countries with non-convertible currency; revenue mix by customer, country, and product) and expenses (in detail; in the case of non-convertible currencies, these need to be grouped separately). 3. Summary of the project concerned, including name, location, purpose, organisational form, ownership, equity, security structure, status of licenses/approvals, local partners, marketing and distribution, financing. 4. Brief characterisation of the role of the host country. For projects with currencies that are not completely freely convertible: description of the measures to avoid convertibility and transfer risk (including escrow accounts). 5. Schematic representation of the contract structure and the significant existing or intended contractual relationships and security. 6.List of references of the general contractor and/or most important suppliers as far as known; list of references of comparable projects to document the proven technological feasibility and the experience in the sector and host country. 7.Information on operator/management company: Company history, ownership, core activities, list of references, documentation of relevant experience in industry and host country. 8.Independent feasibility study reporting on the project’s economic and financial viability and political and environmental acceptability. Information on the level of expertise of the advisers/experts used in terms of subject area and geographic region, as it relates to the project (list of references). 9.The following information, if not already included in the feasibility study: a) Technical description, flow sheet, layout b) Detailed derivation of estimated operating costs (price and quantity details) c)Procurement situation for raw materials and supplies, including corresponding contract documents d) Description of the management, training of staff, staff costs and qualifications e) Environmental aspects, environmental impact assessment report, required environmental approvals and environmental measures, general description of location and emphasis on its specific relevant features, socio-economic and socio-cultural aspects. Also see our detailed requirements for the environmental review. f) Discussion of the amounts and appropriateness of the investment value and the risks regarding time and cost overruns. g) Timetable for construction and commissioning, milestones h) Market information on the project’s products/services, including the price and volume trends for the past 5 to 10 years; competitive situation, current and future supply and demand situation; forecast, identification and geographic location of main customers; marketing and logistics strategy; description of the planned marketing activities and off-take agreements (e.g. take-or-pay agreements) i) Detailed project costs, broken down by main categories of the key construction and commissioning cost items, interest over construction period, financing of working capital j) Projected procurement of funds, including source, amount, currency, time of input k) Cash flow projection over the repayment term of the requested export-credit-insured loan (including sensitivity analysis: a realistic base scenario, an optimistic and a pessimistic scenario), explanation of how any cash deficits will be covered l) Derivation and assumptions of the cash flow projection, including basis for sales quantity and prices, operating and administrative expenses, depreciation, amortization and impairment losses, taxes, inflation, exchange rate movements, export licenses, influence of local government.

OConnors The Lame Shall Enter First :: Lame Shall Enter First Essays

O'Connor's The Lame Shall Enter First "The Lame Shall Enter First" concentrates on the relationship between Sheppard and, on the one hand, his son Norton, and on the other a boy in a reformatory, Johnson. Sheppard's wife is dead and Norton misses his mother. Sheppard can't understand Norton at all and chooses to spend all of his time helping Johnson, who tells him that Satan has him in his power (150). Sheppard of course does not believe in Satan and tries to rationalise the whole situation. He brings Johnson home and Johnson interferes with Norton's mother's belongings which, of course, greatly upsets Norton. Sheppard's reaction to this is that Norton really needs to learn how to share things. Johnson reacts very badly to this and plays Sheppard off against his son. When Sheppard leaves the room after he has told Johnson that he thinks he's good for Norton because Norton needs to share things, Johnson says: "'God kid . . . how do you stand it? . . He thinks he's Jesus Christ!'" (161). As the story proceeds Johnson tries to get Sheppard to see that evil exists and that Satan actually runs the world as he sees it (164). The outcome of the story, as might be expected from the rest of O'Connor's stories, is that Sheppard is unable to use reason to change Johnson. Despite Sheppard's attempts to help Johnson walk better (hence the title "The Lame Shall Enter First") by giving him a wooden leg, Johnson sticks by his notion that what is really wrong with him is evil: Sheppard said . . . "I am going to save you." Johnson thrust his head forward. "Save yourself," he hissed. "Nobody can save me but Jesus." (180) A little later Johnson says to Sheppard: "'The Devil has you in his power'" (185). He then disappears. At the end of the story Johnson is caught by the police in further wrong-doing and Norton commits suicide by hanging himself from the window through which he has been trying to find his mother amongst the stars with a telescope. Towards the end Sheppard realises that he has confused good works with Christian faith. Works won't save you but great faith will: Norton's face rose before him, empty, forlorn, his left eye listing almost imperceptibly toward the outer rim as if it could not bear a full view of grief.

Discuss one or more theories of Moral Understanding and evaluate its conclusions

The term morality, according to Shaffer (1993) means â€Å"a set of principles or ideals that help the individual to distinguish right from wrong and to act on this distinction. Morality is important to society, as it would not function effectively unless there is some agreement of what is right and wrong. There are many underlying processes and environmental factors, which limit or promote social, cognitive and moral development in children. In modern society, television could be considered to be one of the major influences on a child’s moral development. There are three approaches to moral development; the cognitive approach, the psychodynamic approach and the social learning theory. The Cognitive-Developmental approach of Piaget and Kohlberg studies how children become more able to reason morally and make moral judgements, whereas the Freud’s psychodynamic approach is more concerned with the development of the conscience and moral feelings such as guilt and anxiety. The social learning theory of Bandura and Mischel investigates the development of moral behaviour and how role models in the family, society and the media, influence it. The theory I am going to discuss is Piaget’s Cognitive-Developmental Approach. His theory of moral development is concerned with how the child’s moral knowledge and understanding change with age. Piaget saw morality as any system of rules, which governs interaction between people. The methods of investigation he used to develop his theories were, he looked at the way children imposed rules in their games. He used games to study the development of children’s moral development as he thought that by studying rules in the context of a game, he could study the child’s spontaneous though directly. He also, assessed changes in the child’s moral judgements by telling hypothetical stories about children who lied, stole or broke something. When using hypothetical stories, Piaget was generally more interested in the reasons why the children give the answers they did and not particularly the answers. Piaget identifies stages of moral development just as he identified stages with cognitive development. His theories of the way children think and their moral reasoning goes through a series of stages, as they are adapting to the world, these are also known as the processes of accommodation and assimilation. He believed that as children’s reasoning about the world changes when they grow older and gain more experience, so does their reasoning about morality. Their ability to think about the world in more complex ways is what causes them to move on from one stage to the next. This is known as cognitive development. Piaget stated that infants don’t understand much about morality until they are about three or four years of age. Their development divides into two main stages after infancy. His stages of moral development are: Pre Moral Stage (up to three or four years) Children don’t understand about rules, and so they don’t make moral judgements Stage of Heteronomous Morality (aged three – six years) Children at this stage think rules are absolute and unchangeable, and the goodness and badness of an action is judged largely on the basis of its consequences rather than by taking intent into account. Stage of Autonomous Morality (from around six or seven) Children at this stage now see rules as more changeable and intentions are taken into account. Children also start to believe that it is possible to break rules and get away with it, whereas earlier they tended to think they will always be found out and possibly punished. Researchers from Europe and America have tested some of Piaget’s theories and have concluded that distinct stages of development do seem to exist however, other research found that children do not see all rules as being equally important as Piaget thought they did. Heteronomous Morality, also known as moral realism, means when the child is subject to another’s laws or rules. Children think that rules must be obeyed no matter what the circumstances. A child at this stage will think that rules are only made by authority figures, such as, parents and teachers. Two other features that are displayed in moral reasoning at this stage are, first they expect bad behaviour to be punished in some way, they believe that the punishment should be expiatory – the wrongdoer must make amends for the crime by paying with some kind of suffering. They have the view that the amount of punishment should match the badness of the behaviour. Secondly, if the bad behaviour goes undetected then the child believes in immanent justice – where any misfortune occurring after the bad behaviour can be seen as a punishment. For example, if a child tells a lie and gets away with it, then later trips and falls, the younger child could consider this as a punis hment. In general, they believe punishment should be fair and that wrongdoing will always be punished in some way. Autonomous Morality, which means when the child is subject to one’s own laws and rules. It involves moral relativism whereby the child comes to realise that rules evolve from social relationships. Due to the child ‘decentring’ and their developed ability to think more flexibly about moral issues, they have began to realise it is important to take other people’s opinions into account. At this stage a child will have developed the understanding that sometimes rules of morality can be broken in certain reasonable circumstances. They believe in reciprocal punishment, whereby the punishment should fit the crime. For example, if a child takes another child’s sweets, the first child should be deprived of their sweets or should make it up to the victim in some other way. This is known as the principle of reciprocity. Children will also have learnt at this stage that wrongdoers often avoid punishment, diminishing any belief in immanent justice. They see punishment as a method of making the offender understand the nature of the crime and that punishment is also a deterrent. The move from heteronomous morality to autonomous morality is influenced by two factors. Children around the age of seven begin to move on from the pre operational stage of an illogical and an egocentric way of thinking to more logical and flexible way of thinking, in the operational stage. Their growing awareness that other people have different views allows them to develop more mature moral reasoning. However, moral development lags at least one to two years behind cognitive development because the whole process depends on the cognitive changes occurring first. Kohlberg expanded Piaget's theory to form a theory that also explained the development of moral reasoning. While Piaget described a two-stage process of moral development, Kohlberg’s theory outlined six stages within three different levels. Kohlberg extended Piaget’s theory, proposing that moral development is a continual process that occurs throughout the lifespan. A study by Colby et al (1983) criticised Piaget’s assumption that children of ten and eleven years old had reached an adult level of moral reasoning. Piaget was always focusing on what an average child was capable of achieving so he neglected the idea of great variations between the individual child’s ways of thinking. In general, Piaget’s cognitive theory has been criticised for the methods of investigation not being as precise as they could have been. Methods he used were seen as complicated, leading critics to think he under estimated younger children’s capabilities of what they could and could not do. This was because later research went on to conclude that children could actually take other motives into consideration, when they understood what motives were involved. Despite criticism, Piaget’s work is still regarded as a revolutionary step forward in the way we understand how children think. It has led to a much more realistic ways of understanding children’s moral development. Many attempts to test Piaget’s theories from researchers around the world have resulted in acceptance that some of his views and methods do appear to exist.

Persuasive Essay On Political Social Media - 1598 Words

Thapa 0 Thapa 0 Sanjaya Thapa Sherry Sharifian Govt 2305 26th October 2017 Political social media Political social media Daily, elected leaders turn to social media to communicate, promote or update status of their daily activities. They should however adopt best practices as they do this to avoid getting themselves into trouble. One such practice is to take time to think and formulate thoughts before posting anything. They should also have strict policies in place to govern how they get word out to ensure they get out accurate and timely information. One that is free of bias and inappropriate editing. Nevertheless, they should be very selective on whom to authorize to do their posting for them. The policies they put in place should ensure†¦show more content†¦1 14-10-2017: He highlighted the fact that he was going on Judge Jeanie show at 9 pm. 15-10-2017: He seemed insulted that Peter Baker failed to mention rapid terminations of TPP and the Paris accord in New York Times, The Failing article. 16-10-2017: He commented on a question he was asked on whether Hilary Clinton was going to run in 2020. He called her crooked. 17-10-2017: He commented on rep. Tom Marino withdrawal from consideration as drug czar calling him a fine man and a great congressman. Mike Pence 14-10-2017: He commented on his travel to Virginia to support a friend who would make a great governor for the commonwealth. He also commented on being sent by the president to give thanks for the support and to elect the new governor of Virginia. He also Praised the governor elect and his support on economy growth, cut taxes, fight foe safe VA and affordable energy and coal. Before Mike Pence’s October 14th comment, the last time he had commented on twitter was on September 26th. 2017. To date, he has not commented on anything. POTUS 45 On Facebook, there have been no posts on Donald Trump’s government page within the two-week period. The last post is dated 9th September 2017. The post is a shared post from Donald Trump’s son Facebook account. Mike Pence 17th October 2017 He commented on launching more jobs and thriving middle class touching on tax cut versus growth while praising previous presidents. On 15thShow MoreRelatedWhat Is Public Relations ( Pr )?1492 Words   |  6 Pagesconnection with media, communication, news, advertising, marketing and even other fields, meaning that with the evolution and development of the society, science, technology and media, the definition of PR is changing as well. Nowadays, the prevalence of information age and the rise of the new media age may become key factors of defining what is PR and how PR is applied. 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