THE ROLE OF COST MANAGEMENT IN PROJECT SUCCESS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: This research explores the role of cost management in project success, aiming to: 1) identify best practices in cost management, 2) evaluate the impact of cost management on project outcomes, and 3) recommend strategies for effective cost management. A survey design was chosen to collect data from project managers and financial analysts. Using Taro Yamane's formula, a sample size of 350 respondents was determined, ensuring a 95% confidence level and a 5% margin of error. The study was conducted in the manufacturing sector in Port Harcourt, where cost management is critical. The reliability coefficient score of the survey instrument was 0.89, indicating high reliability. Findings revealed that effective cost management, including accurate budgeting, cost control, and financial reporting, significantly enhances project success. Recommendations include adopting cost management tools, providing training on cost management practices, and ensuring regular financial monitoring and reporting throughout the project lifecycle.
Related Project Materials
MOTIVATION: A CATALYST FOR ENHANCED PRODUCTIVITY
Background Of The Study
Motivation is a common word often discussed by people in any given organisation...
IMPACT OF CULTURAL DIVERSITY ON ADULT EDUCATION PRACTICES
Abstract: The topic of this research is the impact of cultural diversity on adult education practices. This study aimed to explore how cultura...
REGULATING SOCIAL MEDIA AS A WAY OF CHECKING HATE SPEECH IN NIGERIA
BACKGROUND OF THE STUDY
The emergence of globalization has made the world a global village as proposed...
THE INFLUENCE OF UNEMPLOYMENT ON YOUTHS INVOLVEMENT IN KIDNAPPING IN NIGERIA
ABSTRACT
This study was carried out to examine the influence of unemployment on youths involvement...
THE IMPACT OF TREASURY SINGLE ACCOUNT PROFITABILITY OF COMMERCIAL BANK IN NIGERIA, (CASE STUDY OF UBA PLC)
Background Of The Study
The Treasury single account is a banking arrangement that was put into place in...
EFFECTS OF FOREIGN DIRECT INVESTMENT ON COMMERCIAL BANKS IN NIGERIA (2010-2021)
Background of the study
Various classifications have been made on Foreign Direct Investment (FDI). For...
THE IMPACT OF INTERNALLY GENERATED REVENUE (IGR) ON OUTPUT IN KWARA STATE (1988-2017)
ABSTRACT
This study examine the impact of internally generated revenue IGR) on economic output in Kwara State from 1988 to 2017. The data...
IMPACT OF COST CONTROL SYSTEM ON ORGANIZATIONAL PERFORMANCE IN MANUFACTURING INDUSTRIES (A STUDY OF NIGERIA BOTTLING COMPANY)
Background of the study
Today's corporate organizations operate in an increasingly aggressive...
THE INFLUENCE OF STRATEGIC HUMAN RESOURCE MANAGEMENT ON ORGANIZATIONAL PERFORMANCE
Abstract:
The objectives of this research are to (1) explore the impact of strategic human resource manage...
ASSESSMENT OF SAFETY BEHAVIOUR OF WORKERS ON CONSTRUCTION SITES
ABSTRACT
The Construction industry has been classified as one of the most hazardous industry when it comes to occupational accidents and...
