planning and management main issues Flashcards
What political factors can influence the economic certainty of an industry?
Government projects such as railways, roads, schools, airports, and forces
Governments have significant power over infrastructure development and can influence economic conditions through partnerships and contracts.
How do economic factors impact a company?
They affect the company’s economic performance and have long-term effects
Consulting with the accountant can provide good measures of economic performance.
What should be scrutinized in the social environment of a market?
Demographics and population analytics
Social factors can vary significantly across different regions, influenced by cultural and religious beliefs.
How does technological innovation affect the industry?
It can affect operations and the market both favourably or unfavourably
Examples include advancements such as timber frame structures and steel frame buildings.
What legal implications must be considered in project planning?
Contract law, building regulations, building control, health and safety at work act, civil law
Legal factors are critical for ensuring compliance and avoiding litigation.
What environmental factors should be taken into account in planning?
Listed buildings, ownership of the land, geographical position, geotechnical information, land cost
Environmental considerations can significantly impact project feasibility and planning.
Fill in the blank: The government often forms a _______ contract to influence infrastructure projects.
[partnership]
