Understanding the Significance of Project Cash Flow in Large Projects at Australia - Critical Review Report
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This report sheds light on the topic Understanding the significance of project cash flow in the context of large projects at Australia. It provides summary of one literary article that was most relevant to the topic, critical appraisal of the scholarly article, research questions, and personal reflection.
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PPMP20015 – RESEARCH IN PROJECT MANAGEMENT ASSIGNMENT 1 Critical Review Report UnitCoordinator:Dr.SamerSkaik Name:(Don’t Include Your Details In this Submission) Student ID:Don’t Include Your Details In this Submission 5 DISCLAIMER: PLEASE NOTE THAT THIS IS A SAMPLE ASSESSMENT TO BE USED FOR INFORMATION PURPOSES ONLY. THIS ASSESSMENT IS SIMPLY PROVIDED TOHELPYOUUNDERSTANDTHEASSESSMENTCRITERIAANDTRAIN YOURSELF ON PEER ASSESSMENT. FOLLOWING THIS SAMPLE DOES IN NO WAY MEAN THAT YOU WILL OBTAIN A HIGH GRADE.
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TABLE OF CONTENTS ExecutiveSummary...........................................................................................................................................................2 1.Introduction.................................................................................................................................................................5 2.The table of identifed sources...................................................................................................................................5 4.Critical Appraisal.......................................................................................................................................................6 5.Preliminary Research Questions..............................................................................................................................7 6.Turnitin Similarity Report........................................................................................................................................7 7.Personal Reflection.....................................................................................................................................................7 8.Conclusion...................................................................................................................................................................7 9.References....................................................................................................................................................................7 __________________________________________________________________________________________________ 6
ExecutiveSummary This report sheds light on the topicUnderstanding the significance of project cash flow in the context of large projects at Australia” which was one of the major concern for completion of PPMP20015. This report provides summary of one literary article that was most relevant to the topic. This report also provides critical appraisal of the scholarly article that is being reviewed. This report also provides research questions that helps in understanding properly the scholarly articles. This report also provides a reflection on the topic. . 7
1.Introduction Topic that is selected for this report is“Understanding the significance of project cash flow in the context of large projects at Australia”.This topic was selected by using the research topic generation tool which was provided with the help of the resources available for the students who has undertaken PPMP20015. The chosen topic was selected as the alignment of the project is compatible with the subject of researcher. Cash flow is an important topic, due to the fact that each and every business as there will be a requirement of cash flow. This will lead to the fact that the business processing will be performed with higher proficiency. Cash flow finds its requirements due to the fact that business needs proper maintenance of appliance and bringing new innovation will be caused with the excess flow of cash. This proves the importance of cash flow in the processing of better business planning. 2.The tableof identified sources Journal Articles KeywordsSignificanceofprojectcash flowinmajorprojectsat Australia Cash Flow Methodology usedforcompletionof large projects in Australia CashFlow Modellingin Australia Cashflow processes involvedin the processingof large projects in Australia CitationCampbell, J.L., 2015. The fair valueofcashflowhedges, future profitability, and stock returns.Contemporary AccountingResearch,32(1), pp.243-279. Götze,U.,Northcott, D.andSchuster,P., 2015. Discounted Cash FlowMethods. InInvestment Appraisal(pp.47-83). Springer,Berlin, Zayed,T.and Liu,Y.,2014. Cashflow modelingfor construction projects.Engine ering, Ofori,P.A., Twumasi- Ampofo, K., Danquah, J.A.,Osei- Tutu, E. and Osei-Tutu, 8
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Heidelberg.Construction and Architectural Management,2 1(2),pp.170- 189. S.,2017. Investigating Challenges in Financing Contractors forPublic Sector Projectsin Australia.Jo urnalof Building Constructio nand Planning Research,5( 02), p.58. Retrieved from CQU libraryCQU libraryCQU LibraryCQU Library 3.Article Summary Campbell, J.L., 2015. The fair value of cash flow hedges, future profitability, and stock returns.Contemporary Accounting Research,32(1), pp.243-279. In this journal, author has examined the informations that are present in the content of the cash flow that is unrealized in nature. Author has discusses about the potential gain in cash flow that might affect the business management in a positive node. This report also discusses the fact that there might be potential loss in cash flow that might hurt the business 9
management that deals with the business processing in Australia. This journal also discusses about the profitability of the stock shat is invested in the business management. This journal also puts in the point that when unrealized cash flow increases which is due to the fact that the cost that s incurred in the business management proves the fact that the cost incurred in the management has been increasing in an unexpected rate. This is considered as a negative source of expenditure. This journal also considered cash flow in terminology of exchange in currency rate. In case a loss is suffered due to exchange of currency rates it is considered as a negative sense. This journal as discusses the fact that having a gross cash flow in a negative node is very general in business management. This journal also discusses the fact that uncalculated cash flow has been affecting project management system in a negative way. This sudden change in cash flow leads to the fact that an urgency of decision making is needed. This journal also helps in understanding the decision making strategies namely FASB and SEC. This journal also helps in understanding the hypothesis development that plays an important role in the processing of cash flow system. This journal also helps in proclaiming the research design and empirical design of the cash flow system.This journal also helps in understanding the result of uncalculated cash flow, both in positive and negative way. 4.Critical Appraisal This journal is very well distinctive in nature, which leads to the fact that researchers who will be going through this journal will understand the literature with utmost efficiency. Dividing the texts in sub parts helps the researcher’s to understand do precise study of the journal. In case researchers want only certain parts to go through, they can ho through the diversified sub pars that will help them in getting the desired article. This sectional break-up of the context helps in proper understanding of the subject that helps in completion of the journal in an efficient nature. This journal also discusses about the issues that might affect the organization due to unplanned cash flow. This journal also helps the researchers in understanding the techniques that might be implemented in order to mitigate risks that are present in the processing of data management and planning process of the organization. This journal also an important point like the reasons of un-structured planning that leads to a negative impact on the business processing of the industry. This acts as one of the major plus point for this journal. This has also been the reason that makes this journal a better and more impactful journal over others. Despite all the advantageous it has, there is a major problem in this journal. This journal does not have a proper 10
indention, leading to the fact that this journal looks a bit less formal in nature. This leads to the fact that this journal does not get a very high stature in the position in international market. Another gap that I have identified is that this journal does not provide a basic definition of cash flow. This journal is mainly concerned with the cash flow problems that are present in Australia. Global cash flow problems are not discussed in this journal. This is the reason this boom does not find global importance. 5.Preliminary Research Questions On analyzing the journal that is stated above these are the questions that can be discussed. The preliminary research questions are: -How can issues related to unrealized cash flow be mitigated? -What are the issues that affect the organization due to unrealized cash flow? -How to perform decision making with the help of strategies namelyFASB and SEC? 6.Turnitin Similarity Report 11
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7.Personal Reflection After going through the PPMP2015 section, I was highly benefitted due to the fact that I attained in depth knowledge that helped me in understanding the basic terminologies of cash flow in large scale business present in Australia. This also led to the fact that I got very well accustomed with the risks that might arise due to unplanned cash flow. This journal also helped me in understanding the techniques that must be implemented in order to complete project management with utmost efficiency. This project has also helped me in understanding the cash flow methodologies that are used for completion of the project. I have also learned about the cash flow model, which will help in understanding the major problems that might arise during the course of the project. 8.Conclusion The critical review that I have performed on the topic of“Understanding the significance of project cash flow in the context of large projects at Australia”. I have gone through 4 articles and all the 4 articles has been helpful for me. ________________________________________________________ 9.References Campbell, J.L., 2015. The fair value of cash flow hedges, future profitability, and stock returns.Contemporary Accounting Research,32(1), pp.243-279. Götze, U., Northcott, D. and Schuster, P., 2015. Discounted Cash Flow Methods. InInvestment Appraisal(pp. 47-83). Springer, Berlin, Heidelberg. Ofori, P.A., Twumasi-Ampofo, K., Danquah, J.A., Osei-Tutu, E. and Osei-Tutu, S., 2017. Investigating Challenges in Financing Contractors for Public Sector Projects in Australia.Journal of Building Construction and Planning Research,5(02), p.58. Zayed, T. and Liu, Y., 2014. Cash flow modeling for construction projects.Engineering, Construction and Architectural Management,21(2), pp.170-189. 12