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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
3 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.44
Topic:

Identify a Problem in Scholarly Literature Management

Essay Instructions:

Select a current research problem related to your specialization (Engineering Management). When working with scholarly sources, you will often find research ideas in sections labeled “future work.” Recent NCU dissertations are also a good place to start.
Write a short problem statement paper (not including front or back matter), which addresses the items below.
What is the problem that should be addressed with additional research (i.e. what is going wrong?)? Support the existence of the problem with at least three recent references.
What is the impact of the problem? That is, how are the victims (field of study, researchers, practitioners, industry, civilians, etc.) negatively affected by the problem, when is the problem evident, and where does the issue exist or become obvious? Provide an example of the problem in action or as experienced by those affected by it. Support the impact of the problem with at least three recent references.
Why does the problem exist? Discuss the conceptual basis, the nature of the problem, and outline of the problem as defined by the literature. Support underlying cause of the problem with at least three recent peer-reviewed references.
Length: 2-3 pages (not including front and back matter)
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.

Essay Sample Content Preview:

Identify a problem in scholarly literature- Engineering Management
Name
Northcentral University
Date
Identified problem
One of the problems that have been explored in engineering management is the need to mitigate against inflation risk in construction projects before bidding. This is a problem as it is often associated with uncertainties in project management making it more difficult to identify and control costs. Contractors face risks before bidding, there are also risks after awarding contracts and residual risk after mitigation efforts (Jung & Han 2017). Contractors develop effective strategies to deal with risks, and should make more informed decisions using information available and focusing on the likely scenarios. According to Floricel, Michela & Piperca (2016) it is necessary to assess the likely complexities to be encountered as they represent risks to project performance. Inflation is one of the risks and the planning stage strategies should include the influence of risks as unpredictable dynamics affect the project. Among construction firms with limited capital there are more vulnerabilities and risks, and analyzing the factors that increase costs overruns are crucial before submitting construction project bids (Polat, Okay, & Eray, 2014).
Impact of the problem While it is possible to manage some of the risks, researchers and, engineers and project managers often grapple with the problem of how best to address inflation risks in projects. This is mostly prevalent in construction projects when there is economic uncertainty. The problem is likely to occur when a contract has been awarded where bid costs need to be identified (Jung & Han 2017). Even after identifying the project risks, there is a problem of identifying a mitigation plan that is effective when dealing with inflation risks. After contractors win awards, they may fail to consider different risks meaning that this way result in estimates being way off the total costs. Among the construction industry practitioners as one of the main chall...
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