Multiproject Business Shipbuilding Company and a Part of Bank in a Financial Monitoring Shipping Projects
Year: 2007
Type: article
Abstract: Sea trade and maritime navigation's history dates to human civilization's very beginning. Transportation's cheapest mode for carrying large quantities of goods, which connects harbors worldwide, is represented by the sea as a shipping route, and the ship as a means of transportation given its technological and technical characteristics as well as its size (capacity and dimensions). Ship repair, ship equipping, and ship building are all part of the economic and industrial activity encompassing the shipbuilding industry. Since this industry also exercises a multiproject business approach, such as carrying out, in a determined time period, multiple projects, it is considered a project driven enterprise. A project manager or head of projects supervises shipping projects. Shipping projects' launching, realization, and guarantee phases take place during what is called the project lifetime (or time cycle) in the shipbuilding industry. The period in which the project creates costs and produces profits is defined as the project lifetime. A project approach, from a shipyard's perspective, is demanded for a quality project lifetime. Realization of the project within a given time period and with given resources used is guaranteed through this kind of approach, thus achieving the project's purpose and objective. The bank's financial obligations can be fulfilled on time within different project lifetime phases.
Authors: Ante Bistričić, Heri Bezić, Dejan Buic
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W580650435