The Rolls-Royce Holdings Plc - Environmental Conservation Awareness Assignment

The Rolls-Royce Holdings Plc - Environmental Conservation Awareness - Assignment Example The major characteristic that differentiates the Rolls-Royce Trent 900 engine, is its enhanced environmental-friendly attributes, which sees the engine deliver the lowest lifetime fuel burn (Wall, 2014:n.p.). Therefore, environmental conservation awareness is the main drive behind the construction of this engine. In this respect, the project lifecycle will follow a well-defined process that will begin with starting phase of the project lifecycle that will entail the collaboration of the R&D and the marketing teams to define the project objectives. This will be followed by project organizing and preparing, which will share the tasks between the two teams, with the marketing team taking the responsibility for identifying the market needs and conveying the same to the R&D team, while the R&D team will take the responsibility of the actual designing of the engine. This will be followed by the carrying out the work phase of the project lifecycle, where the marketing team will provide the R&D team with the product information ranging from the appropriate design drawing, the colouring scheme of the engine and the appropriate features such as the size and weight details. On the other hand, the R& D team will be responsible for the analysis of the design of the aircraft engine with minimal noise. After the design analysis, the R&D team shall pass over the product to the marketing team for test marketing and promotion. The full launch of the product will form the closing phase of the project lifecycle. The whole project is estimated to take 3 months from the start to close. The project proposal seeks to develop a whole project engine production lifecycle, where all the necessary tools and concepts will be derived from PMBOK and similarly relevant reading materials. The project aimed at defining the project lifecycle of the development of Rolls-Royce Trent 900 engine. The essence of the project was to achieve a low noise aircraft engine, which also confers other environmental benefits.  Ã‚  

European business Essay Example | Topics and Well Written Essays - 2000 words

European business - Essay Example The advantages that the member states have are worth an elaborate description and this would be followed shortly. First however lets first mention the euro and the European Monetary Union. The Euro, which is a common currency shared among 16 out of the current 27 member states has had a significant impact onto the union body. Around five countries also generally accept the currency even if they do not recognize it officially. Naturally as European Union constitutes some of the most major countries of the world, their medium of exchange has a significant impact onto the exchange market. It is arguably, the second most traded and important currency of the world after the U.S. Dollar. Although accepted by all the euro accepting countries, the European Monetary Union constitutes of 12 countries out of the 27. They share policies and affects. The member states act as a unified economic body and their macro and micro implications and choices are termed and analyzed as one. The first and foremost advantage of the same currency policy is indeed the reduction in transaction costs. To do business, even with the neighboring countries, one has add on additional amounts to the host country so that one’s currency is received there. It was estimated that to do business, the member countries used to spend around 1.5 billion pounds every year to buy and sell foreign currencies so that the visiting people could have money at their disposal. This however was more problematic for the members were naturally inclined to trade with their neighboring countries so as to cut on the transportation costs. However, the cost of transaction eventually reduced the amounts of revenue generation and profits and left them less motives and inclinations to trade. The same currency policy however, by the introduction of the Euro, gave the members the liberty to practically go along the border and do business with the same money that was in his/her pocket