A wide variety of tools exists for appraisal in general. There are, however, very few widely accepted guidelines governing their specific application in industrial projects. It would be useful to a practicing project appraiser to be able to discern which appraisal methods are most applicable to a particular situation. This research has therefore undertaken to investigate the relationship between the appraisal methods available and their application to industrial projects. As such, a number of specific objectives have been discerned. The first of these was to analyse the literature in order to determine the general views held. The second was to corroborate the views of literature with actual industrial trends. The final objective was to compare theory and practice in order to develop broad guidelines for future project appraisers. The procedure adopted to meet these objectives firstly involved conducting a survey of the literature. This yielded a number of conclusions which suggest a preferred approach to appraisal. To evaluate this approach an appropriate questionnaire was compiled. This questionnaire was then circulated to a representative target area, namely the industrial sector of the South Western Cape. The response to this survey provided a database of actual industrial projects. From this database trends were extracted using a number of statistical techniques, such as Analysis of Variance, Contingency Analysis and Log-linear Modelling. The results of this analysis were then used to complement the conclusions of literature and to confirm the preferred approach to project appraisal. The conclusions from the literature where consensus was found to exist involve the following issues: The chronological position of appraisal in the project life-cycle. The types of study that should be included in project appraisal. The chronological order of these studies. The extent to which formal techniques should be used. The background that the appraisers should have. The extent to which project characteristics influence the appraisal approach. The database provided by the industrial survey consisted of 173 projects conducted in 33 different organisations. Analysis conducted on this database yielded a number of simple one-to-one relationships between project success, appraisal method used and project characteristics. From these relationships a picture of the reality experienced in the South Western Cape could be formed. Such a picture was compared with literature in order to form an overall set of guidelines for use by the practising project appraiser. As a result of the analysis and the subsequent comparison between literature and practice, conclusions were drawn concerning a number of aspects in the research. Such aspects include the success of the research method, uncertainties of the industrial survey, consensus between literature and practice on appraisal procedures and the existence of a preferred approach to project appraisal. A number of recommendations could also be made with regard to two areas of interest. The first concerns recommendations for further research in the field of project appraisal. These include extending the database so as to accommodate multi-variate analysis, researching the formal techniques available for operational suitability and technical feasibility studies and adopting a different mode of survey to that of a posted questionnaire. The second area of interest recommends a set of broad guidelines to the practising project appraiser. These guidelines rationalise such issues as the influence of project characteristics on the use of appraisal methods, the chronological position of appraisal within the project life-cycle, the type and chronological order of studies that should be conducted in the appraisal procedure and the techniques and expertise that should be utilised within each study.

This diploma thesis compares various appraisal methods while appraising chosen real estate. The goal of this thesis is to compare different outcomes of those methods and to analyze the origin of incurred differences.

The effective management of individual/team performance is a crucial requirement to ensure that organisational goals are attained. This requires accurate data regarding the performance levels of individuals/teams. Therefore there is a need for a standardised and formal performance management system. An effective performance management system is the centre of an integrated HR system that feeds into a variety of processes and systems such as career planning, rewards, training and development, promotions, and disciplinary decisions. Despite the importance of performance management, most organisations find it difficult to implement, manage and sustain performance management systems and processes effectively. The focus of this study is on appraising the performance management practices in the offices of the Department of Labour in three provinces: Gauteng, Limpopo and Mpumalanga. The results indicate problems with the practices in areas such as alignment, fairness, measuring commitment, systems integrity, and the performance management culture. Recommendations were made to address these issues and improve the effectiveness of the system / Human Resource Management / M. Tech. (Human Resource Development)

Background: Electricity tariffs charged by Eskom have sharply increased over the past three years, with a 25% annual increase approved by Nersa until April 2012. There is no indication on what to expect in the future with regard to electricity tariffs. Many South Africans are searching for ways to save on their monthly electricity bills by seeking out alternative water heating systems. Solar geysers became a popular investment option, but this might not be the best options available on the market. Purpose: The purpose of this study is to determine the most financially viable investment option in order to reduce electricity cost when it comes to water heating systems for use in households. This is done by comparing the capital expenditure and operational cost needed with the financial benefits generated by the investment, taking into consideration the size of the household. Design and method: A literature study was done on the different alternative water heating systems in order to obtain a better understanding of how these systems operate and what savings they can generate. Different investment appraisals were identified and a literature review was performed in order to identify the most appropriate investment appraisals for the purpose of this study. It was found that the net present value, equivalent annual annuity, internal rate of return, modified internal rate of return, accounting rate of return, discounted payback period and the economic value added were the best investment appraisal methods to use for the purpose of this study. Findings and conclusion: It was found that the five investment options identified in the literature review would all, to some extent, be financially viable to implement within households with high as well as low volume hot water consumption. All the investment appraisals gave positive outcomes. The conclusion was made that a saving will be generated on the monthly electricity bill no matter what alternative water heating system were to be installed in the place of a conventional geyser. Recommendations: It is recommended that a household with low volume hot water consumption should install a time switch as this investment option renders the highest IRR, MIRR, ARR and discounted payback period. The second best investment option for a household with low volume hot water consumption is a heat pump and the third best option is a gas geyser. For a household with high volume hot water consumption, the best investment options is again a time switch, as this renders the best IRR, MIRR, ARR and discounted payback period. The second best investment option is a heat pump, with a gas geyser as the third best investment option. Value of the research: This study focuses on five alternative water heating systems for a household within South Africa in times where electricity charges sharply increase. The financial viability of each of the alternatives is determined through various investment appraisals and the best option can be identified by comparing the outcomes of the alternatives. Furthermore, each individual is able to determine the viability of the alternatives by using the Excel model attached to this study and by inputting his/her own variables, where applicable. Research limitation: Limited literature was available on the different alternative water heating systems. No indication could be found of the maintenance cost of the different water heating systems. Assumptions had to be made with regard to households, although no two households are the same. Areas for further research: The same study could be performed, but with the focus on small businesses and large organisations. Furthermore, a study could be performed to determine the appropriate discount rate for individuals as well as the maintenance cost for water heating systems. / Thesis (MCom (Management Accountancy))--North-West University, Potchefstroom Campus, 2012

Background: Electricity tariffs charged by Eskom have sharply increased over the past three years, with a 25% annual increase approved by Nersa until April 2012. There is no indication on what to expect in the future with regard to electricity tariffs. Many South Africans are searching for ways to save on their monthly electricity bills by seeking out alternative water heating systems. Solar geysers became a popular investment option, but this might not be the best options available on the market. Purpose: The purpose of this study is to determine the most financially viable investment option in order to reduce electricity cost when it comes to water heating systems for use in households. This is done by comparing the capital expenditure and operational cost needed with the financial benefits generated by the investment, taking into consideration the size of the household. Design and method: A literature study was done on the different alternative water heating systems in order to obtain a better understanding of how these systems operate and what savings they can generate. Different investment appraisals were identified and a literature review was performed in order to identify the most appropriate investment appraisals for the purpose of this study. It was found that the net present value, equivalent annual annuity, internal rate of return, modified internal rate of return, accounting rate of return, discounted payback period and the economic value added were the best investment appraisal methods to use for the purpose of this study. Findings and conclusion: It was found that the five investment options identified in the literature review would all, to some extent, be financially viable to implement within households with high as well as low volume hot water consumption. All the investment appraisals gave positive outcomes. The conclusion was made that a saving will be generated on the monthly electricity bill no matter what alternative water heating system were to be installed in the place of a conventional geyser. Recommendations: It is recommended that a household with low volume hot water consumption should install a time switch as this investment option renders the highest IRR, MIRR, ARR and discounted payback period. The second best investment option for a household with low volume hot water consumption is a heat pump and the third best option is a gas geyser. For a household with high volume hot water consumption, the best investment options is again a time switch, as this renders the best IRR, MIRR, ARR and discounted payback period. The second best investment option is a heat pump, with a gas geyser as the third best investment option. Value of the research: This study focuses on five alternative water heating systems for a household within South Africa in times where electricity charges sharply increase. The financial viability of each of the alternatives is determined through various investment appraisals and the best option can be identified by comparing the outcomes of the alternatives. Furthermore, each individual is able to determine the viability of the alternatives by using the Excel model attached to this study and by inputting his/her own variables, where applicable. Research limitation: Limited literature was available on the different alternative water heating systems. No indication could be found of the maintenance cost of the different water heating systems. Assumptions had to be made with regard to households, although no two households are the same. Areas for further research: The same study could be performed, but with the focus on small businesses and large organisations. Furthermore, a study could be performed to determine the appropriate discount rate for individuals as well as the maintenance cost for water heating systems. / Thesis (MCom (Management Accountancy))--North-West University, Potchefstroom Campus, 2012

The effective management of individual/team performance is a crucial requirement to ensure that organisational goals are attained. This requires accurate data regarding the performance levels of individuals/teams. Therefore there is a need for a standardised and formal performance management system. An effective performance management system is the centre of an integrated HR system that feeds into a variety of processes and systems such as career planning, rewards, training and development, promotions, and disciplinary decisions. Despite the importance of performance management, most organisations find it difficult to implement, manage and sustain performance management systems and processes effectively. The focus of this study is on appraising the performance management practices in the offices of the Department of Labour in three provinces: Gauteng, Limpopo and Mpumalanga. The results indicate problems with the practices in areas such as alignment, fairness, measuring commitment, systems integrity, and the performance management culture. Recommendations were made to address these issues and improve the effectiveness of the system / Human Resource Management / M. Tech. (Human Resource Development)

The first part of the diploma thesis defines the terms used in relation to real estate appraisal, description of the appraised localities, and description of the individual appraisal methods. The practical part of the diploma thesis provides a description and an appraisal of six family houses situated in various urban areas with different public facilities. It regards appraisal by the cost method, comparative method according to regulations and non-regulation comparative method. The aim of the thesis is to compare the impact of accessibility of services on the marketability of family houses in urban areas with different public facilities.

權變概念代表著多變的環境下，企業為求生存所必須採行的策略，文獻將此觀念應用在員工績效評估的研究並不多。基於權變觀點，本研究除對績效評估文獻中具有權變觀點之研究作回顧，並從競爭優勢、績效效標、績效模糊性與評估方法等觀念之探討與歸納，再透過個案探討之研究發現，推導出一績效評估設計之權變架構。本權變架構建議，在不同的競爭優勢下，績效評估制度之設計應由上而下，從組織策略推導至人力資源策略，再落實至員工績效評估制度及績效評估方法。 組織在競爭優勢分別為弱勢、強勢與穩定狀態下，其組織策略應分別採行優勢建立、優勢累積與優勢維持策略。為配適不同之組織策略，其人力資源策略應分別採行探索、利用與獲利策略。而不同的人力資源策略在搭配不同的績效評估目的下，應適用不同的績效評估制度；亦即，績效效標應分別偏重個人才能、工作行為與工作成果，以達到為組織價值創造與價值延續的目的。 績效評估的方法最後將取決於績效評估的目的與績效模糊性高低二者所構成的組合。亦即，績效評估的目的若為價值創造，則應較重視員工才能；績效評估的目的若為價值延續，則應較重視員工的工作行為與工作成果。而當績效模糊性較低時,宜採用明確化績效評估方法；反之，當績效資料糢糊性較高時,宜採用數量化績效評估方法。 / Contingency view represents the indispensable strategy for businesses to survive in the changeable environment. However, not much such view is found in the literature of employee performance appraisal. This study not only reviews the literature of performance appraisal with contingency view but also developed a contingency framework of employee performance appraisal by summarizing related analysis, including competitive advantage, performance criteria, performance ambiguity and appraisal methods, as well as a case study. The framework suggests that the performance appraisal system should be designed in a top-down sequence from organizational strategy to human resource strategy, performance appraisal system and appraisal methods based on the strength of competitive advantage. As the competitive advantage is weak, strong and stable, the organization should adopt the strategy of advantage building, advantage accumulation and advantage maintenance strategy respectively. The human resource strategy then should be exploration, exploitation and profit strategy. Under different human resource strategies, the performance appraisal system should vary to fit different purposes. That is, the performance criteria should focus on individual competence, working behavior and outcome to achieve the purposes of value creation and value continuation. The appraisal methods will finally depend on the combination between the purposes of performance appraisal and the degree of performance ambiguity. While competence should be focused when appraisal purpose is value creation, working behavior and outcome are focused when appraisal purpose is value continuation. The qualification-oriented method is appropriate as the degree of performance ambiguity is low. On the contrary, quantification-oriented method is appropriate as the degree of performance ambiguity is high. / 表目錄 三 圖目錄 四 第一章 緒論 1 1.1 研究背景與動機 1 1.2 研究目的 3 1.3 研究方法與流程 6 1.4 研究範圍 7 1.5 論文架構 10 第二章 文獻探討 12 2.1 權變觀點在員工績效評估的研究 12 2.2 競爭優勢與策略配合 16 2.2.1 競爭優勢 16 2.2.2 策略配合 17 2.3 員工績效評估制度 21 2.3.1 績效效標 22 2.3.2 績效評估之目的 23 2.3.3 績效資料的特性 25 2.4 員工績效評估方法 27 第三章 個案探討 29 3.1 個案公司及產業概述 29 3.2 實地訪談說明 31 3.3 績效評估制度 31 3.4 績效評估實施概況 33 3.5 個案公司分析 37 3.5.1 A公司之組織策略與人力資源策略 37 3.5.2 A公司之績效評估制度與績效評估方法 39 第四章 員工績效評估設計之權變架構 42 4.1 組織策略配適之人力資源策略 42 4.2 人力資源策略配適之績效評估制度 45 4.3 績效評估制度配適之績效評估方法 47 4.4 績效評估設計之權變架構 52 第五章 結論與意涵 55 5.1 結論 55 5.1.1 理論基礎 55 5.1.2 個案討論 56 5.1.3 權變架構 57 5.2 管理意涵 58 5.3 研究限制 60 5.4 後續相關研究 61 5.4.1人力資源管理領域之其它主題 61 5.4.2績效評估策略之其它相關議題 62 參考文獻 64 中文部分 64 英文部分 65 附錄 72 附錄一：深度訪談大綱 72 附錄二：A公司績效考核表 75 發表論文期刊收錄證明 …77 表目錄 表2.1 權變觀點在績效評估的研究情形……………………………15 表2.2 不同績效效標的資料特性…………………………………………26 表3.1 A公司之組織策略、人力資源策略與績效評估制度…………...41 表4.1 不同競爭優勢下之人力資源策略…………..………………….…45 表4.2 績效評估設計之權變架構…………………………………………54 圖目錄 圖1.1 研究流程圖 8 圖1.2 論文架構 10 圖2.1 組織策略、人力資源策略與員工績效評估制度的關係……………….19 圖2.2 績效評估的制定過程……………………………………………………19 圖3.1 A公司績效評估的流程…………….…………………………………….34 圖4.1 績效評估制度配適之績效評估方法……………………………………49

The aim of this thesis is to explore the use of Mass Appraisal Methods in Czech republic. This diploma thesis specifies main use of those methods, next specifies who uses this methods and in which cases this methods are used. At first, there is description of appraisal methods used in Czech republic and abroad in this diploma thesis. On the basis of this knowledge utilizations of Mass Appraisal Methods are described. For illustration of Mass Appraisal Methods the appraisal of two sets of similar houses is performed for use of property taxes in context of legislation in Czech republic. Further advantages of appraisal systems are described, which use a Mass Appraisal Methods in praxes.

This diploma work focuses on the issue of valuation of a company and implementing the theoretical findings obtained through various methods into the specific situation of CS Expres joint-stock company which transports individual packages. The practical part of the work provides financial and strategical analysis of the company. The valuation of the company suggestion is carried out with the help of theoretical methods, but also by establishment of specific criteria which can be used to estimate the real price of the company.