World best practice

Benchmarking against the world s most successful construction companies is not for the faint-hearted. It is plain that corporate minimum requirements must be set in order that all parts of the business can comply, where the construction work is spread around the world. Nevertheless, even the global minimum may be relatively high. In the 

United Kingdom, compliance with the COM Regulations allows those who do to demonstrate nearly all aspects of world best practice. 

Ten major elements can be identified that are common to all the world s major contractors. There are many different ways used to measure the extent to which each element is complied with, but, in businesses where they are all found, directors can be sure that they are meeting the challenge of world best practice. 

Perhaps the most interesting feature of the elements is that most of them are organisational software rather than consisting of hardware items relating to the actual construction process. AAany companies do have such software requirements, but their prominence and technical details vary. World best practice lies in the organisation, coupled with in-company standards. 

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World Bank. 1993. "Agricultural Pest Management." Guidelines and Best Practice, GB 4.03. World Bank Operational Manual. April, Washington. 

This book attempts to capture some of the best practice in mentoring program design and management, based on research, observation and the experience of companies around the world. It also tries to reflect the diversity of application and perception of mentoring in different environments and cultures. 

Reinvest significant sustenance capital to bring the mercury cell plants up to the world s best practice. 

The Future 500, a nonprofit environmental and stakeholder engagement consulting firm, provides tools and services that enable best practices in stakeholder engagement at the world s leading companies. One of the Future 500 tools, the Corporate Accountability Practice (CAP) Gap Audit , delivers an answer to the dilemma of CSR/SRI survey fatigue, and supports the planning effort to manage the myriad of issues most important to key stakeholders. 

Build a routine disease reporting system based on the Air Force prototype and adopt best practices from the commercial world. 

A world in which everyone uses best practice is called III. This world is in principle attainable, although this may be difficult. 

In addition to these, in the NBS fracture study, a future world. World IV, was defined, in which "best practice" would have been improved and hence give the possibility of reducing the unavoidable costs. This situation is depicted in Figure 1. 

The intent here is to give only a brief summary of the methodology by which the studies were carried out. Briefly, input-output analysis was the basic tool used. The economy was modeled as a steady state, full employment economy for 1975 and 1978 for the corrosion and fracture studies respectively. The economy was broken down into 130 sectors for the corrosion study and 150 sectors for fracture study. In both cases, capital equipment was treated as an input into production rather than a part of final demand as normally done. Having established the steady state for the chosen year for the world as it is (World I), steady state World II (corrosion or fracture free world) and World III (best practical world) were established. Final demand and the coefficients in the transactions matrix and the flow and stock capital matrices were changed as appropriate. In the case of the flow matrix, changes in the coefficients by column were collected in a special "social savings row. This precluded the necessity to renormalize the coefficients and gave a convenient way for... 

The value of Y is a matter of speculation, but assuming it costs between 10 and 70 percent of the expected final demand gain of 13.7 B for best practice (extra coatings, etc.), Y would be between 1. and 9.6 B, and the total avoidable costs would be between 6.1 and 1. 3 B, or about 10 and 20 percent of the total cost. Note that these values of Y could make the avoidable 10 contribution negative. This would mean an increased cost to manufacturers in a best practice world, to achieve a net savings to manufacturers plus final demand (life-cycle costs). 

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