Final Report Chapter 8 Project Implementation Plan As mentioned above, it cannot be denied that in general human resources are inadequate for dealing with new technology. In order to improve this situation, the following measures should be taken. MPT employees have the knowledge needed for the existing facilities, as well as a certain level of basic knowledge. Therefore, during the processes to be implemented under this project including construction and equipment testing, the shortage of human resources will be tackled through appropriate training, mainly offered by manufacturers on the introduction of new facilities/equipment. Since design work requires higher technical knowledge than is required in construction or testing work, training will be given by consultants. In the case of the LD Division in particular, it is expected that in the future there will be a need to train up engineers with a good knowledge of new technology so that the networks proposed for the smaller cities can be designed. Further, it is believed that the IT Department needs to meet the demand for increasingly higher Internet access speeds as well as increase the number of personnel. In addition, as described above, it is considered that many of the personnel in charge have not had sufficient opportunities to acquire a general knowledge of digital technology. In order to meet various demands in the future, long-term plans for human resource development need to be drawn up. To this end, as described in Chapter 11, there is a need for further improvement of the training provided at training centers. (3) Financial capability 1) National budget When a hearing survey was conducted for the Director of Central Statistical Organization (CSO) concerning budgets, we were told that the 2011-2015 budget plan had been taken back to the drawing board. Study Team obtained profit/loss statements (P/L) and balance sheets (B/S) for FY2010 to 2012. 2) Financial indicators In this section, the financial indicators provided by MPT will be described. Tables 8.1-2 to 8.1-4 show the financial indicators, P/L and B/S. In order to confirm their repayment capability, the growth potential of MPT was evaluated. A trial calculation was made by applying the formula of Sustainable Growth Rate (SGR) (SGR is the maximum growth rate at which a corporation can grow continuously using its own internal cash flow and without obtaining funds externally, such as a loan or capital increase). An evaluation of the financial indicators shown in Table 8.1-2 clearly shows that almost no funds have been raised externally for the past 3 years and the Net Profit Margin, Total Assets Turnover, Equity Multiplier and Retention Ratio are all stable, which indicates that MPT has been continuously on a growing trend thanks to its internal cash flow. 8-5