In 1995, the National Academy of Sciences, National Academy of Engineering, Institute of Medicine, and
National Research Council issued a report entitled Allocating Federal Funds for Science and Technology, which
recommended tracking federal investments in the creation of new knowledge and technologies—what the report
referred to as the federal science and technology budget (FS&T).
Research purpose of this dissertation is to research systematically the state management scientific basis for State budget-funded investments projects for higher education & training and postgraduate education & training in Vietnam. On that basis, it is to establish and propose viewpoints, solutions in order to enhance efficiency of the State management on State budget-funded investments projects for higher education & training and postgraduate education & training meeting new requirements and tasks in the educational career development of the country.
After studying chapter 12, you should be able to: Define “capital budgeting” and identify the steps involved in the capital budgeting process, explain the procedure used to generate longterm project proposals within the firm, justify why cash, not income, flows are the most relevant to capital budgeting decisions,...
Once we have determined the relevant cash-flow information necessary to make capital budgeting decisions, we need to evaluate the attractiveness of the various investment proposals under consideration. The investment decision will be to either accept or reject each proposal. In this chapter we study alternative methods of project evaluation and selection.
Research purpose of this dissertation is to research systematically the state management scientific basis for State budget-funded investment projects for Higher education and Postgraduate education in Vietnam. On that basis, it is to establish and propose viewpoints, solutions in order to enhance efficiency of the State management on State budget-funded investment projects for Higher education and Postgraduate education meeting new requirements and tasks in the educational career development of the country.
The project baseline, which is the focus of Chapter 7, arguably falls into place when
planning is complete and the team members have agreed all the scheduled dates. At
this juncture, values are stored, and these include the agreed tasks; the scheduled
start and finish dates for the tasks; team members who will be responsible for
scheduled tasks; and the budgeted cost. All that is done cognisant of performance,
cost, time and scope (PCTS) of the project.
For the investor types believing that active managers can generate alphas, we nd that the
ability to identify superior performing funds is further improved, albeit slightly, by augmenting the
four-factor model with country indices, even if these indices represent non-priced factors, consis-
tent with Pastor and Stambaugh (2002a). To illustrate, our baseline analysis nds CAPM alpha
enhancements of up to 5% per year from using macroeconomic state variables to choose funds,
relative to active manager choice using an unconditional CAPM model.
Bear these in mind as you go through the training. We now turn to the definition of a
project. The shortest definition of a project is one given by Juran (cited in Lewis,
2002:2). He defines it as a problem scheduled for solution. Lewis (2002) himself
defines a project as: A multi-task that has performance, cost, time, and scope
requirements and is done only one time.
That means a project has specific performance requirements that have to be met
(performance); a budget (cost); a definite starting and ending points (time); and
clearly defined range of work to be done...
The remainder of the paper is as follows. The next section defines the standard approach
and the notion of luck. Then, we define the F DR and explain our new methodology
which allows us to compute the F DR among the best and worst funds separately.
Section 3 presents the performance measures, the estimation technique to compute the
p-values as well as the mutual fund data. Section 4 contains the empirical analysis of
the impact of luck on performance across the four investment categories. Section 5 concludes.
The rest of the paper is organized as follows. Section 2 evaluates the situation of
German banks in terms of capitalization. In section 3, bad bank solutions of the past are
studied and prerequisites for success are examined. Section 4 develops a classification
scheme for existing and planned bad bank solutions. We develop in Section 5 the
efficient design for a public bad bank. Section 6 evaluates the German Government’s bad
bank proposal. Section 7 concludes. Two simple numeric examples illustrate the working
of both bad bank plans in the Appendices. ...
The information required during implementation is
determined primarily by the scope of the project –
namely the purpose, results, activities, resource
requirements and budget – and by the management
arrangements (roles and responsibilities).
At the purpose and result levels, the key indicators and
sources of verification contained in the Logframe
matrix provide the focus for information collection and
The most important thing is to make sure you record each expenditure when
you make it, keeping a receipt, if possible.
You can do your bookkeeping with a pencil and a little blue notebook, but it’s
much easier if you do it with a computer. There are lots of simple accounting
programmes. Bookkeeping programmes, such as Quicken, are not expensive,
are easy to use and allow you to post expenditure according to budget categories
and generates a range of different reports.
The easiest way to record overall results is to use a spreadsheet programme like
Astronomy is the most ancient science humans have practiced on Earth.
It is a science of extremes and of large numbers: extremes of time – from the
big bang to infinity –, of distances, of temperatures, of density and masses,
of magnetic field, etc.
Mental accounting is the common tendency to create artificial budgets covering
different categories of spending and saving. People use this technique to evaluate and
keep track of their finances but it can lead to seemingly irrational decisions such as
saving at low interest rates whilst simultaneously borrowing at high rates.
Status quo bias is the tendency for people to stick with their prior choices. It is
therefore relevant to the selection of financial products and the incentive to stay
The emergence of the data warehouse as a repository, advances in data cleansing, increased
capabilities of hardware and software, and the emergence of the web architecture all combine to
create a richer business intelligence environment than was available previously.
Although business intelligence systems are widely used in industry, research about them is
limited. This paper, in addition to being a tutorial, proposes a BI framework and potential
Sweden's government has published its budget proposal for 2005 re-confirming its
"strategy for transforming Sweden into an ecologically sustainable society". The budget's
key environmental feature is a continuation of the country's ambitious green tax shift
In 2005, the increase in environmental taxes will total about SKr 3.3 billion (€364m).
Many of these will fall on road transport, including increases averaging SKr 340 and SKr
100 in vehicle taxes on petrol-driven and diesel-driven cars respectively.
Vehicle taxes on light trucks and light buses will rise by 40%.
Since the Consolidated Appropriations Act of 2012 (P.L. 112-74) did not fully fund the cap
adjustment for 2012, the President's Budget proposes to provide the additional $140 million in
funding allowed by the cap adjustment, consistent with section 251(b)(2)(B) of the Balanced
Budget and Emergency Deficit Control Act of 1985, as amended. This proposal provides an
extra $46 million, the SSI share of the additional $140 million in funding allowed by the cap
adjustment for program integrity.
Once we have determined the relevant cash-flow information necessary to make capital budgeting decisions, we need to evaluate the attractiveness of the various investment proposals under consideration. The investment decision will be to either accept or reject each proposal. In this chapter we study alternative methods of project evaluation and selection. In addition, we address some of the potential difficulties encountered in trying to implement these methods.
Under our proposal, the Federal Reserve and the Federal Deposit Insurance Corporation
(FDIC) would maintain their respective roles in the supervision and regulation of state-
chartered banks, and the National Credit Union Administration (NCUA) would maintain
its authorities with regard to credit unions. The Securities and Exchange Commission
(SEC) and Commodity Futures Trading Commission (CFTC) would maintain their
current responsibilities and authorities as market regulators, though we propose to
harmonize the statutory and regulatory frameworks for futures and securities.
Thus, the Alternative Scenario is better suited for analyzing the House Budget Proposal
than the Extended Baseline. It provides a baseline reflecting a largely unreformed tax code and
persistently worsening fiscal results stemming from the absence of any major budgetary or
In short, the policy changes behind the Budget Resolution stand in very sharp
contrast to an economic and fiscal world without reform.
Center analysts introduced these microsimulation results into the U.S.