Project Development

Project Development

Introduction

Financial management covers the broad range of topics from administrative to control function. Companies always look for those financial managers that formulate the financial data of the company in a precise manner. Sound financial management is a crucial requirement for victorious delivery of the project. Accurate and timely financial data are requisite for effective and successful decision making along with the corrective action via the project management. Furthermore, this is true since it increases the prospects of appropriate completion within the designed project budget and deliverables scope. In this project, a company will be evaluated on the basis of its financial position within the industry. Beside this, Stock evaluation and foreign currency impact will be discussed with respect to the chosen company.

Discussion

Overview of the company

The company which has been chosen for the project is Bovis Homes Plc a British based house-building company. Bovis Homes has been engaged in building, designing and selling new homes for both public and private sectors. Chief Executive Officer - CEO of Bovis Homes is David James Ritchie serving his services since 2008 while Jonathan Hill is Chief finance Officer of Bovis Homes. Bovis Homes Plc has been listed on London Stock exchange - LSE: BVS and a part of FTSE 250 Index (Bovis Homes Plc annual report, 2011).

Bovis Homes Plc goals

The main objective of Bovis PLC is to expand their business on continuous basis offering their shareholders with high returns. In addition to this, they want to offer the best product to their customers with high quality. They want to maintain their existing customers through hiring professional expertise. Bovis want their high existence in the entire industry and for this they have been offering one-stop shop facilities in which BOVIS management work closely with the landowners in order to assist them in achieving their goals. In order to accomplish this, they give training to their professional expertise (Bovis Homes Plc annual report, 2011).

Their aim also consists in improving the health and safety Performance of employees as well as people. Hence, Bovis goals are in delivering strong health along with safety/protection and environmental standards. They also stress in delivering strong customer satisfaction in order to maintain and sustain their reputation among large and small business. And lastly, employee's reward without which non-financial goals cannot be accomplished (Bovis Homes Plc annual report, 2011).

Bovis Homes Plc Operations

Bovis Homes are builders of high quality traditional homes in England and Wales. The Group's business involves the design, build, and sale of new homes for both private customers and Registered Social Landlords. The products which are offered by Bovis homes range from one to two bedroom coach apartment and houses and three storey town houses and larger four and five bedroom family home. Beside this, company also involved in social housing, retirement livening and partnership housing activities. The primary operations of Bovis are in UK with Headquarter in Kent.

They work for communities to make better living place. They not only deal with the building the house ...