Project Management -Project Cost Estimation - 2686 Words

Project Management Word Document Subject: Project cost estimation, budgeting cash flows Names of Group members: Nilay Shah Sharad Tiwari Mayur Kakkad Nishant Agrawal Amit Sharma Submitted to, Prof. Deepak Jakate Introduction Project Definition: Why, What, How? How does a project get started? How do you know what it is supposed to achieve? How do you know what approach is required? How do you know that it is a good idea in the first place? How will you know if you succeeded? Business needs Project definition Project execution Before you can effectively manage a project, there needs to be a shared understanding of that project - its purpose, objectives, scope,†¦show more content†¦The objectives of the cost estimating process are to: support the establishment of the Performance Measurement Baseline (PMB); serve as the basis for change control; and Support the establishment of the ETC. Project cost estimates shall be traceable to documented sources and based on accepted methodologies. PROCEDURE Estimate Preparation and Review The estimate preparation phase begins with the issuance of guidance and instructions from the Project Manager and encompasses those activities that translate technical design and fabrication into detailed labor and procurement elements (organized by Work Breakdown Structure (WBS)) and identified costs. Labor rate tables, indirect costs, and escalation rates will be provided by Project Controls to assist Control Account Managers (CAMs) in budget development. The Project Manager will review this information and approve all budget plans prior to implementation. Escalation should generally be based on rates provided by the Department of Energy (DOE) as published in the LBNL Forward Pricing Sheet (aka CFO Rate Book). If work is being executed by collaborator or subcontractor in another geographic area where the escalation rates are different, rates for those areas should be used in lieu of the LBNL rates. Judgment should be used to verify the appropriateness of the published rate in light of current market conditions.Show MoreRelatedProject Management And The Major Areas Of Projects Management1619 Words   |  7 Pagesthe Project Management and the major areas of project management, let see actually what is a project? A project is defined as â€Å"â€Å"a temporary endeavor undertaken to create a unique product, service, or result† (Schwalbe, 2014). Projects involve different operations like the project is terminated when the scope and objective of the project are met. According to an IT project or any kind of project it involves number of persons or a team or an individual in order to complete the mission. A project canRead MoreProject Management : Understanding The Roles Of Key Stakeholders1096 Words   |  5 PagesINTRODUCTION In Hemanta Doloi’s arcticle â€Å"Cost Overruns and Failure in Project Management: Understanding the Roles of Key Stakeholders in Construction Projects,† the author suggests project cost management is not the sole responsibility of the project manager, but rather it should also involve key stakeholders of the project such as clients, consultants, and contractors (2013). Project cost management is a process for predicting expenditures, whose success depends on an accurate accounting of allRead MoreThe Model Of The Putnam Model1214 Words   |  5 Pagesanother popular software cost model that is known as the Putnam model. The form of this model is driven around key aspects of: Technical constant C is driven by formula of = size * B1/3 * T4/3 Total Person Months B is driven by formula of =1/T4 *(size/C)3 T= Required Development Time in years Size is estimated in LOC In the given case, the C as a parameter is further influenced by the development environment and It is determined on the basis of historical data of the past projects. Rating: C=2,000 (poor)Read MoreKey Factor That Drives The Cost Estimation902 Words   |  4 PagesAnother key factor that drives the cost estimation is the resource costing. These are the actually the biggest component of complete cost structure. The resources are defined broadly into two key segments: ï‚ § Human resources: the human resources in form of engineer, managers, technical team and others form the key resource parts. The salary, perks paid to them influence the cost estimations. The estimations need to be based on future salary rise and other factors to make correct estimates. ï‚ § TechnicalRead MoreSoftware Development : Project Planning And Staffing1055 Words   |  5 Pagesdevelopment, projects are moving target because they are typically not well defined and there are lots of changes in the requirements throughout the life time of the project and the estimates impact the process of reaching the target. [10] Software effort estimates that affects many activities like project selection, project planning and staffing, evaluation of estimators and developers, monitoring progress and managing risk [2]. The problem is lack of understanding of the term effort estimation. From theRead MoreProject Management : Determining The Success Or Failure Factors1526 Words   |  7 Pagescomplex projects have option of success or fail due to a number of circumstances. The main controversial issue in the project management is determining the success or failure factors. Although projects have built in to be successful there are some risks can’t be avoided and that may lead at the end to failure in the near or far future (Montequin, 2014). Introduction Project management provides reasonable scientific solutions in order to overcome difficulties and achieve success. Each project has aRead MoreTriple Constraint Essays1279 Words   |  6 PagesConstraint? The triple constraint of project management is the balance of the project’s scope, time and cost. Triple constraint is used to determine whether or not a project’s objectives are being met. During the planning phase of a project, a project manager will define the scope, time, and cost of a project. As the planning phase continues, the project manager discovers that there may be some changes or adjustments needed in the project’s scope, time and/or cost. When one aspect needs change or adjustmentRead MoreDefect Correction Is The Remediation Of A Software Condition1271 Words   |  6 Pagesidentification of defects minimizes the costs for defect correction or rework (Tarhan Yilmaz, 2014). The accelerated timeframe allows teams to remediate defects before functionalities are demonstrated or sent to the customer for user acceptance testing (Tarhan Yilmaz, 2014). Without incremental methods, as evident in the waterfall model, identified defects are unknown u ntil post customer delivery (Tarhan Yilmaz, 2014). As a result, the estimated costs for software development are exceeded toRead MoreFunctions And Functions Of An Organization1001 Words   |  5 Pagesnumerous linked activities. One of the challenges faced by the organization, which prohibit them from estimating the accurate Effort estimation is the understanding and managing of the organizational process. It has been observed that many organizations do not have thorough knowledge of their processes. Also they fail to change as per the standard project estimation methods. The above mentioned challenges can be solved to an extent by closely analyzing the difference between the estimates and actualsRead MoreA Study On The Strategy Estimation1022 Words   |  5 Pagesthe expert judgmental estimation since this particular project estimation method is driven around taking expert opinion and by understanding the strategic project requirements. The results are fast since expert opinion is driven through various elements while accuracy of estimations is not always certain due to project complexity. The experts are pooled from operations, business and management team so as to drive the right level of estimation knowledge for any given project as per the business strategic

Suicide and Children Essay - 2144 Words

Suicide and Children Suicide has become much more common in children than it used to be. For children under age 15, about 1-2 out of every 100,000 children will commit suicide. For those 15-19, about 11 out of 100,000 will commit suicide. These are statistics for children in the USA. Suicide is the fourth leading cause of death for children ages 10-14 and the third leading cause of death for teenagers 15-19. Recent evidence suggests it is the lack of substance abuse, guns, and relationship problems in younger children which accounts for the lower suicide rates in this group. The main way children kill themselves depends on what lethal means are available and their age. In countries where guns are readily available, such as the USA,†¦show more content†¦For a third, their main reason for trying to kill themselves is they wanted to die. Another third wanted to escape from a hopeless situation or a horrible state of mind. Only about 10% were trying to get attention. Only 2% saw getting help as the chief reason for trying suicide. The children who truly wanted to die were more depressed, more angry, and were more perfectionistic. Predicting suicide is very difficult. It is even more difficult in children and adolescents. When we discuss suicide, there are three different levels of concern. Suicidal Thinking This means a person is thinking about suicide but has no plan. This is not uncommon. About 3-4% of adolescents will have considered suicide in the last two weeks. However, these thoughts are much more likely, and more likely to be serious, if the child has previously made a suicide attempt is depressed, or is pessimistic. Children who are still depressed and have made previous suicide attempts are extremely likely to be thinking seriously about suicide. Example: Jenna is 13. She is quite depressed. She has most of the symptoms mentioned. She sleeps poorly, she has no energy, cant concentrate on her work and is super cranky. She thinks about running away or how nice it would be to out of this horrible life. She thinks sometimes about killing herself, but she doesnt think about how she might do it. At theShow MoreRelatedChildren at Risk of Suicide1639 Words   |  7 Pages1. Describe the characteristics of children who are at risk for suicide. Include the statistics related to children and suicide and gender differences. (214) Young children who are at risk of committing suicide may have suffered a loss of a loved one, or are suffering family stress like the parent being unemployed or there being abused by a parent or family friend, and their probably suffering from depression. These children are the ones that show behavioral patterns such as: running away fromRead MoreSuicide Among Young Children Essay1553 Words   |  7 PagesSuicide among young children is not something that should be over looked. It is the third leading cause of death in youth aged 10-14, according to the Centers for Disease Control and Prevention (CDC). Along with so many other things in the world today, it can be prevented. In this paper, I will review what suicide is and suicide risk factors, explain how common suicidal behaviors are among young males and females age 10-14, and examine causes of suicide using statistical findings and data collectionRead MoreThe Effects Of Depression And Suicide On Children766 Words   |  4 Pagesboth individuals. There is so much violence happening now in society; many women are being physically abused in relationships. It is becoming such a common thing to do since not many men think of the actual consequences that follow. Depression and suicide are the most frequent episodes following an abuse. Most women do not expect to be in an abusive relationship, especially me. During my first serious relationship, I experienced physical abuse from my ex-boyfriend, Sebastian. Once the relationshipRead MoreSuicide Is The Point At Which An Individual Takes Their Own Life Away1267 Words   |  6 PagesIntroduction and Description Suicide is the point at which an individual takes their own life away. When we consider suicide we don t think about a child committing suicide. We regularly associate suicide with adults, so when we hear about suicide in children it is quite shocking. However, it does occur and it is quite common. In an article, it discusses how girls are more prone to commit suicide than boys. Also, the most finished suicides are from Native Americans. Be that as it may, white AmericansRead MoreRisk of Suicide Ideation from Antidepressant Usage in Adolescents1126 Words   |  5 Pagesstern warnings that a paradoxical risk of suicide ideation accompanied antidepressant usage in adolescents. Originally applicable to teenagers aged 13 to 17, the warnings were expanded to include young adults aged 18 to 24 in 2007 (U.S. Food and Drug Administration, 2007). These warnings have eroded public confidence in antidepressants, causing fewer prescriptions to be issued (Gibbons, 2007). The FDA’s conclus ion that newer antidepressants (SSRIs) cause suicide ideation in young people comes from aRead MoreTeenage Suicide Is A Big Problem940 Words   |  4 Pagesabout it. Teen suicide is a BIG problem. â€Å"Adolescent suicide continues to be a major cause of death of our youth. The National Center for Health Statistics (1996) has found suicide to be the 3rd leading cause of death for 15-24 year olds, behind only accidents and homicide and the tenth leading cause of death in children under the age of fifteen (Ellis Lane, qtd in â€Å"Do Increasing Adolescent†. As stated by these facts, even though they are out of date, suicide is on the rise. Suicide is an importantRead MoreTeen Suicides And The Rise Since The 1970 S Essay1241 Words   |  5 PagesTeen suicides have been on the rise since the 1970’s, making it the second leading cause of death among the youth within the U.S. Suicide is the act of taking one’s own life, intentionally. All of my sources have great information and some sort of stance in spite of all of the chaos with this topic. These authors include Emma Brown, Dahr Jamail, Sonia Nazario, Ophelia D. Johnson, Sa ra-Ellen Amster, Ames Alexander, Michele Ingrassia John McCormick, Ruth Padawer, Colleen Diskin, Joanne Fox, GreggRead MoreBreaking News : Teen Commits Suicide1222 Words   |  5 Pages â€Å"BREAKING NEWS: TEEN COMMITS SUICIDE† is not an unusual headline to read. Time and time again teens are making the choice to end their lives much like Richard Kirchoff’s son, Ryan Kirchoff, who took his life at the young age of 18. Kirchoff’s son was a normal kid who had many friends, a loving family, and dreamt that he would become a successful doctor, but all was taken away after he made the decision to take his life. Ryan had depression and refused to seek help from the people he trusted resultingRead MoreEssay about Bullied to death: Relationship between Bullying and Suicide1087 Words   |  5 Pageswords will never hurt me.† Growing up many children heard this idiomatic expression that implies that physical actions can hurt you such as being hit with a stick or rock, but words or name calling can’t hurt you and you should just ignore it. Bullying has emerged in the 21st century as an important public health issue and there have been incidents where teasing and bullying have turned deadly (Burgess, A., Garbarino, C., Carlson, M. I., 2006). Children that experience any kind of bullying haveRead MoreChild, Adolescent And Suicide867 Words   |  4 Pages Child Adolescent and suicide Suicides attempt is a potentially self-injurious behavior with a non-fatal outcome, for which there is an evidence that the person intended at some level to kill himself/ herself (Kola 1). In simple words a person tries to kill himself/herself by poison, injury and many other ways. Then intent to commit suicide is called suicidal ideation. Now a days, many people committing suicide in which most of them is the youth generation. Why it happens?. When a person

Voltaire’s Candide Relevant to Modern Society Free Essays

Dimattia, Devin English 12 AP Period 2 Gonzalez 10-5-11 Does Voltaire’s Candide connect to Modern Society? The tone and theme of Candide, a classic work of literature, make the novel relevant to today’s modern world. These two elements of the story bring the classic to life for new generations to relate to as they read it. The satiric story unites a new generation of modern readers to a historical past as they identify with both the theme and tone of the novel as a whole. We will write a custom essay sample on Voltaire’s Candide Relevant to Modern Society or any similar topic only for you Order Now The tone of Voltaire’s highly satirical work is humorously hopeless, and the tone is humorous because Candide and his fellow characters grasp the idea, set forth by the philosopher Pangloss, that â€Å"everything is for the best† and there is â€Å"the best of both possible worlds. † This blind optimism is negated time after time through the misfortunes that Candide and the rest of the story’s characters experience, yet the characters press on with their hopelessly positive attitudes throughout their lives. When confronted with the bleak realities of the horrors of life by a scholar, Candide only replies, â€Å"I’ve seen worse, but a wise man, who later had the misfortune to be hanged, taught me that such things are exactly as they should be: they’re the shadows in a beautiful picture. † This tone is achieved by the horrific events that the characters of Candide endure and their disinclination to accept the idea that, maybe, they really are doomed, and not all is actually for the best. The reader is inclined to give up on hope long before any of the characters do. For example, Candide loses his beloved Pangloss and the kind Anabaptist on his journey to the utopian Eldorado, gets beaten and whipped, kills more than one person, and suffers numerous other misfortunes while still concluding that all is still for the best because he can still find Cunegonde. After Pangloss is hanged, dissected, beaten, and made to row in a galley, he still believes that everything is for the best. Candide asks him, â€Å"Tell me, dear Pangloss †¦ id you still think that everything was for the best in this world? † And Pangloss replies, â€Å"I still hold my original opinions†. He goes on to say that his reasoning is due to the fact that he is a philosopher and it would be wrong to take back what he had said. Also, at the end of the novel, Candide, Cunegonde, Pangloss, and the Old Woman all decide that they are well-off where they are and that they may as well tend the ir garden, disregarding every horrible thing that they have had to experience in their pasts. Pangloss portrayed this best when he said to Candide at the end, â€Å"All events are inter-connected in this best of all possible worlds, for if you hadn’t been driven from a beautiful castle with hard kicks in the behind because of your love for Lady Cunegonde, if you hadn’t been seized by the Inquisition, if you hadn’t wandered over America on foot, if you hadn’t thrust your sword through the baron, and if you hadn’t lost all your sheep from the land of Eldorado, you wouldn’t be here eating candied citrons and pistachio nuts. This final note of proof of their perpetual optimism is consistent with the tone, where Cunegonde is ugly, the Old Woman is disagreeable, and none of the characters are very happy, yet they all continue to busy themselves with something to do and continue being hopeful. â€Å"The whole group entered into this commendable plan, and each began to exercise his own talents. The theme of Candide is that life is utterly u nfair and will continue to give everyone a rough time despite a person’s attitude of hope or a faith in everything being for the best. This prominent theme is shown over and over again as Candide and his companions suffer innumerable misfortunes and tragedies even through the existence of their collectively strong belief that everything will turn out for the best. Each character is traumatized and miserable most of the time. Some are even thought to be dead several times. By the end of the novel, the reader is almost in awe that Candide and the others have not given up on life entirely. The reader ultimately sees that it is hopeless to think that things will turn out well for the characters. However, it is also impossible to believe that they will not continue to live, learn, and try to be happy nonetheless. How to cite Voltaire’s Candide Relevant to Modern Society, Papers

Perspective of Business Negotiation Strategies

Question: Discuss about the Perspective of Business Negotiation Strategies. Answer: Introduction: In the current scenario, the situation that Matt faces tends to arise from the lack of productive discussion on the part of Red Star Holdings and Matt. Moreover, this arises despite both parties having interest regarding revenue generation and better set of commercial prospects. Matt requires reiterating the benefits that can be facilitate to both him and Red Star through increasing the degree of flexibility in negotiations coupled with improving the quantum of compromise on both their parts. Bereft of the fabrics manufactured by Red Star, Matts business plans along with introduction of his clothing line next year can experience adverse repercussions. However, on the other hand, Red Star Holdings has ambitions towards penetrating the Australian fabric and clothing market. Thereby, both the parties can benefit through promoting co-operation amongst each other in terms of trade. In these circumstances, it could be prudent to infer that integrative bargaining can be adept as regards to alleviating the situation faced by Matt. The fabrics manufactured by Red Star Holdings have its unique properties that make it relevant for Matt to procure the material for his clothing brand. Moreover, Matts creative vision pertaining to style and fashion coupled with his interests regarding utilizing Red Star Holdings materials in his clothing facilitates newer sets of opportunities for Red Star. Red Star aims towards penetrating foreign markets and thereby through capitalization of offshore trading opportunities; the company can facilitate market development. Further, in terms of revenue generation both Red Star and Matt would be benefitting out of the trade deal. Ying (2013) stated as compared to positional bargaining that entails compromise on the part of one of the parties in order to facilitate agreement; integrative bargaining can result in resolving conflict and facili tates the resolution of disputes. Therefore, it is inferred that integrative bargaining can enhance the degree of benefits that can be derived by Matt out of the commercial arrangement with Red Star. The degree of alignment of operation of the two parties can in turn create a synergic effect. Zhang, (2016) mentioned that through implementation of the integrative bargaining strategies of negotiation, the parties involved in the negotiation can trade off issues and facilitate in resolving the different set of conflicts. Thus, through creation of a win-win situation, the benefits are distributed amongst the parties involved in the negotiations. In terms of negotiations, there are several set of factors determining the outcomes pertaining to the strategies implemented by parties to such negotiations. The degree of complexity pertaining to the resolving of issues is aggravated in an international context whereby the parties to the negotiation belong to different cultures. Moreover, the probability of an outcome favorable for the parties diminish as the degree of alignment between their cultures diminishes. The prevalence of globalization has aggravated the quantum of interactions between individuals and organizations belonging to different cultural backgrounds. Liu (2014) states that the negotiations relating to Chinese firms tend to include issues pertaining to communications, drafting of trade contracts, bargaining the terms of the contract along with facilitating their implementation. Ying, (2013) advocated that traders and organizations undertaking trade negotiations with Chinese firms tend to find Chinese companies as imprudent, bereft of any formality and lacking adequate degree of business communications skills. Moreover, the formal mannerisms and aggressiveness regarding business from other developed economies are seen as insincere on the part of Chinese companies. To facilitate negotiations with Red Star, Matt requires understanding the factors determining the negotiations skills of Chinese firms arising out of cultural context. The primary determinants regarding Chinese manner of negotiations have arisen out of a culture that has been shaped through the philosophies of Confucius and Lao Tzu amongst others. The properties that helped shape Chinese negotiations tend to arise from a tendency towards survival and development and upkeep of relationships. Moreover, the guo qing (extraordinary circumstances) regarding high degree of political and diplomatic dynamism that China has been subjected to in the last two centuries had impactful repercussions upon Chinese negotiation manner. The degree of invasions that China was subjected to, from the opium wars up until gaining sovereignty on Hong Kong from the British has deeply affected the tendency of bargaining by Chinese firms. These aggravations in the level of bargaining and hardening in terms of negotiations by Chinese firms and business houses are fueled by nationalistic sentiments. Nationalistic sentiments have fuelled aggravation in the level of bargaining and hardening. The open door policy implemented by the Chinese government had resulted in many Chinese businesses on opening up negotiations concerning trading of goods to be manufactured in China. Guanxi concept of China tends to foster strengthening of commitments coupled with facilitation if obligations based on reciprocity. Thereby, through utilization of Guanxi it can be stated that the outcome of negotiations can be tilted in favor of Matt. Moreover, hiring an intermediary in order to facilitate conversation with Ms Zhang and other relevant decision makers of the company can result in a more rapid alleviation of emergent set of trading issues. Moreover, Matt himself should initiate the negotiation talk as being the owner of the clothing line, his personal presence in negotiation dialogues can provide relevance to it. Further stated that in the context of Chinese businesses, it is pertinent that despite being adversarial the negotiators tend to give in towards maintenance of long term business relationships. In terms of negotiating strategies with relation to Chinese suppliers, the major tactics shall be to employ a Chinese speaker who has high degree of fluency in Chinese Mandarin in order to streamline the dialogue process. Next, the discussions as regards to the contracts are to be undertaken once again, assimilation of knowledge about production process and input material regarding preparation of the fabric is essential. Moreover, visiting in person the suppliers premises and facilitating face-to-face interaction regarding the shipments pertaining to the fabric is essential. However, no degree of risk coverage can be successful through a single supplier. Thereby, facilitating increase in the number of supplier can alleviate the weaker position that Matt currently is in regarding his clothing brand. Moreover, it shall be imperative not to show desperation by Matt concerning the supplying of fabric material as that shall aggravate the process of avoidance of Matt by Red Star. The factors that have shaped Chinese philosophy tend to be primarily anti-western in the sense that the once stagnant economy has opened itself up in the wake of the last decade of previous century. Thereafter, it has hardened its bargaining characteristics when dealing with foreign clients. In order for Matt to facilitate a successful negotiation that ends up benefitting his business requires focusing on resolving cultural barriers, fostering a sense of patience in due alignment with Confucian philosophy. Moreover, Matt should be delving towards creation and sustenance of a harmonious relationship with Red Star in tandem with Lao Tzus philosophies. Thereby, the degree of non-alignment about the two cultures, Chinese and Australian, can be diminished by a considerable extent. Threatening to walking out of a negotiation or displaying impatience regarding the communication method of emailing as proposed by Ms Zhang shall result in Matt being construed to be insincere as per Chinese cul ture. Thereby, Matt is required to practice patience concerning the betterment of communication and enhancement of coordination. Moreover, Matt can improve his business prospects through rational set of judgments. He can do this through finding alternative sets of suppliers producing similar set of fabrics that Matt requires for his clothing line. Thereby, Matt requires to focus on enhancing supplier sourcing strategies for his clothing business. Aspetege and Karlsson (2014) stated the fact that negotiations in China tend to be undertaken on a longer timeframe as compared to that of western business. Thereby, Matt should not rush towards seeking affirmation or higher degree of responsiveness through aggressive tactics. It takes a great deal of effort and negotiations on the part of Western firms to ensure face-to-face negotiations. Thereby, it is imperative that patience is showcased on Matts part regarding waiting for appropriate responses from Red Star. In this manner, Matt can be effective in increasing the degree of responsiveness of Red Star toward their prospective business negotiations. Moreover, it is relevant on the part of Matt to understand the key decision maker of Red Star Holdings such as managing director or proprietor or partner and thereby approach that person or persons. In the current case through use of integrative negotiation strategy, Matt is required to convey the limitations to trading that is imposed by Ms Zhang due to probable communication by barriers imposed upon by her. Moreover, Matt can reveal the potential degree of harmful effects that are to be occurring, through appearance of skin rashes, out of the fabrics manufactured by Red Star to Ms Zhang and thereby capitalize upon the information in managing a favorable trade deal. Alternatively, Matt can rely upon establishing an overseas branch of his clothing business in China in order to relate more to the cultural context and aggravate the degree of search for an alternative seller for such fabric. Moreover, there can be adverse repercussions regarding the potential risks that are entailed through adverse effects on skin through use of such fabric. Thereby, Matt stands to lose potential set of consumer for its clothing line due to the skin rashes of the fabrics. Therefore, Matt can initiate negotiations concerning producers of other sets of fabrics, which have their own distinct set of positive characteristics. Moreover, Matt faces a dilemma relating to business decision whereby the probable set of problem arising out of skin rashes may negatively affect the revenue generation prospect of the firm. Presence of a branch of Matt clothing company in China could enable Matt in undertaking decisions regarding finding the set of prospect suppliers. Additionally, the cultural barrier faced by Matt can be minimized by establishing a branch office in China that enables Matt in acclimatizing to the business and negotiation norms prevalent in China. Further, presence of local Chinese staff in Matts business through offshore branch in China shall diminish the degree of alienation that Matt can be subjected to regarding business deals. This is to be coupled with facilitation of effective communication channel with Chinese suppliers and can enhance the probability of favorable terms in favor of Matt in business agreements. The current case displays situations that entail several set of ethical dilemmas. In terms of Deontological principles, the basic premise was to ensure commitment towards a predetermined set of principles Gao, 2016). There arises a context whereby Matt is left with an option towards renegotiating the contract after taking into account different sets of circumstances as regards to the issues concerning the supply and deliverance if fabrics. On the part of Red Star Holdings, it is their obligation towards providing the information regarding the adverse repercussions from usage of their product. Moreover, there is a visible moral dilemma involving Matt considering the fact that despite being knowledgeable regarding adverse effects such as skin rashes that arising out of using these fabrics, he did not considered it prudent to convey the information to Red Star Holdings. Gao and Kerstetter (2016) advocated that the ethical negotiation can be undertaken through the initiative of taking the righteous step irrespective of the consequences. On the other hand, it is stated that being ethical on the part of being a negotiator is akin to diminishing the degree of advantage one has. While undertaking negotiation tactics by Matt, in order to streamline the agreement between him and Red Star, it requires to be demonstrated that such tactics are bereft of any wrongdoing. Moreover, Matt requires ensuring that such tactics are harmless and tend to produce positive outcomes coupled with good consequences that is considered pertinent to the situation. In terms of addressing the issues regarding ethical and moral repercussions, it is relevant that Matt ensures applications of negotiation tactics are initiated. Moreover, Matt is required to ensure that suppression of relevant facts relating to the agreement are facilitated. Moreover, a negotiation that results towards a sustainable degree of development tends to facilitate sharing of benefits to both parties to an organization. Moreover, Matt requires to take into account the long-term repercussion of the short term benefits derived from negotiations. Further, the likelihood of a reputational risk concerning Matt and his clothing business tend to arise in circumstances where there is presence of an unethical behavior in terms of negotiations. Rui, and Xue-dang (2013) stated the fact that absence of unethical behavior in negotiation tend to result in enhancing the probability of a party into entering onto other sets of negotiation. Thereby, it can be construed that the Matt stands to benefit from an ethical approach toward negotiations. References and Bibliography: Aspeteg, J. and Karlsson, J., 2014. A Swedish perspective of business negotiation in a cross-cultural context: A multiple case study on B2B level regarding business negotiations in China and how cultural differences has an impact. Bickenbach, F., Liu, W.H. and Li, G., 2015.The EU-China bilateral investment agreement in negotiation: Motivation, conflicts and perspectives(No. 95). Kiel Institute for the World Economy (IfW Cho, J., Rhee, H.C. and Woo, K., 2013. Industrial and Employment Effect of China-Korea FTA: Negotiation Strategy and Institutional Preparation for Countries Seeking for FTA with China.Engineering Economics,24(2), pp.99-110. Du, Y., 2016.Identity Negotiation and Perceptual Change: Examining the Confucius Institutes Effects on Perceptions of China(Doctoral dissertation, George Mason University). Gao, F., 2016.Negotiation from" in the air" to" on the ground": employment relation between pilots and C Airlines in China(Doctoral dissertation, Massachusetts Institute of Technology). Gao, J. and Kerstetter, D.L., 2016. Using an intersectionality perspective to uncover older Chinese female's perceived travel constraints and negotiation strategies.Tourism Management,57, pp.128-138 Liu, L.S., 2014. A search for a place to call home: Negotiation of home, identity and senses of belonging among new migrants from the People's Republic of China (PRC) to New Zealand.Emotion, Space and Society,10, pp.18-26. Rui, Z.H.U.A.N.G. and Xue-dang, Z.H.E.N.G., 2013. The Negotiation Strategy on Trade in Goods of China-Japan-Korea FTA: An Analysis Based on Trade Competition between Japan and Korea in Chinese Market.International Economics and Trade Research,7, p.002. Xiao, H. and Ma, Z., 2015. Business ethics in Canada, China and Taiwan: A three-culture study on the perceived ethicality of negotiation strategies.Nankai Business Review International,6(2), pp.106-127. Ying, Y.A.N.G., 2013. The Impact of Cultural Differences on Sino-American Business Negotiation.Journal of Huaihai Institute of Technology (Humanities Social Sciences Edition),2, p.012. Zhang, Y., 2016. China and liberal hierarchies in global international society: power and negotiation for normative change.International Affairs,92(4), pp.795-816. Zhong, Z., Luo, J. and Zhang, M., 2015. Analysis of Tourist Leisure Activities in Integrated Resorts Based on the Constraint Negotiation Strategies.Journal of Service Science and Management,8(3), p.339