Answered: What are the benefits of Special Feed…

Engineering

Civil Engineering

What are the benefits of Special Feed Back Reports?

Construction Materials, Methods and Techniques (MindTap Course List)

4th Edition

ISBN:9781305086272

Author:William P. Spence, Eva Kultermann

Publisher:William P. Spence, Eva Kultermann

Chapter37: Conveying Systems

Section: Chapter Questions

Problem 16RQ

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Concept explainers

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.

Question

What are the benefits of Special Feed Back Reports?

Expert Solution

Step 1

- A special feed back report is a type of report which record response or feedback to be filled by each and every employee of a company or institution.

- Benefits of special feedback reports :

1- Helps in creating healthy work environment

2- Increases productivity and involvement of an employee

3- Creates positive communication environment among employees and employers

4- Better interaction among company staff and team members

5- Helps in improving optimisation of work process

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