In light of the economic downturn in 2007, we have seen a major push by consuming countries to become energy self sufficient. This is creating a major structural change in the oil markets. The development of fracking in the US, in China and the tar sands in Canada means.
Increased competitiveness in the business sector puts considerable pressure on companies to reduce expenditure on "non-core" activities, such as maintenance. This encourages buildings' owners and users to increase their expectations and requirements of facilities.
Manufacturing is the production of goods for use or sale. This is a wealth-producing sector of the economy, and provides important material support for national infrastructure and national defense.
Project management is the application of knowledge, skills and techniques to execute projects effectively and efficiently. Projects take the organization closer to its goals and thus, companies can better compete in their markets.
Organizations have legal, strategic and fiscal requirements to manage and report their financial standing. Even though these processes are not an integral part of the value chain, they none-the-less can hurt the organization if management ignores them.
Crises are extreme disruption causing events that put lives and property at risk. Some arise from natural disasters such as earthquakes, fires, and floods. Man-made crises can be accidental, such as oil spills, or intentional, such as sabotage. Crises require an immediate response.