THE ROLE OF COST MANAGEMENT IN PROJECT MANAGEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
THE ROLE OF COST MANAGEMENT IN PROJECT MANAGEMENT
This research explores the role of cost management in project management, aiming to: (1) assess the impact of cost management on project success; (2) identify key cost management techniques in project management; (3) understand the challenges in implementing cost management in projects. A survey design is employed to gather quantitative data. Using Taro Yamane's formula, a sample size of 270 respondents from Uyo is selected, representing project managers and professionals. A construction project is chosen as the case study due to its extensive cost management requirements. The reliability coefficient of the survey instrument is 0.85. Findings indicate that effective cost management is crucial for project success, ensuring projects are completed within budget and on time. Techniques such as cost estimation, budgeting, and cost control are highlighted. However, challenges include unforeseen expenses and resource allocation issues. It is recommended that project managers adopt a comprehensive cost management plan, utilize project management software, and conduct regular cost reviews to ensure project success.
Related Project Materials
INVESTIGATING THE PERFORMANCE OF DIFFERENTTIAL PROTECTION SCHEME OF POWER TRANSFORMER
Background of the Study
The basic scheme of differential relaying is explained with reference to the diagram below Fig.1.1:Basic Scheme o...
ANTIMICROBIAL SUSCEPTIBILITY PROFILE OF NOSOCOMIAL URINARY TRACT PATHOGENS IN SURGICAL PATIENTS OF AHMADU BELLO UNIVERSITY TEACHING HOSPIAL, SHIKA-ZARIA, NIGERIA
ABSTRACT
Urinary tract infections is one of the common infectious diseases diagnosed both in community and hospital settings. Due to risi...
MODELLING ANNUAL MAXIMUM FLOOD OF RIVER KADUNA
ABSTRACT
Records of flooding are increasing due to heavy storm which tend to filled most of the water bodies, thereby overflowing onto th...
COMPARATIVE BIOAVAILABILITY STUDIES OF PARACETAMOL BRANDS IN HUMANS
ABSTRACT
The comparative bioavailabilities (bioequivalence) of five generic brands of paracetamol were compared in six (6) healthy male v...
INFLUENCE OF ESTIMATING PRACTICE ON COST PERFORMANCE OF BUILDING PROJECT
ABSTRACT
This study determined the influence of estimating practice on cost performance of building projects. The object...
SOCIO-ECONOMIC DETERMINANTS OF YOUTH DRIVEN CRIMINAL ACTIVITIES IN KENYA: A STUDY OF LAMU WEST-SUB COUNTY
ABSTRACT
The relationship between crime and socioeconomic indicators varies by region...
GENESIS, PROBLEMS AND PROSPECTS OF PROPERTY DEVELOPMENT AGENCY IN NIGERIA
Abstract
Property and economic development share symbolic relationship. For developing countries, property business shou...
THE IMPACT OF EARLY CHILDHOOD EDUCATION ON UNDERSTANDING GLOBAL WARMING
ABSTRACT: This study investigates the impact of early childhood education on young children's understanding of global warming. Educating c...
CAMPUS CRITTERS: USING CAMERA TRAPS TO DETERMINE THE PRESENCE AND DISTRIBUTION OF WILDLIFE ON A NIGERIAN UNIVERSITY CAMPUS
ABSTRACT
Widely used to study wildlife, camera trapping involves automated devices that record pictures or videos using infrared sensors...
AN INVESTIGATION INTO THE CAUSES OF TRUANCY AMONG STUDENTS IN SECONDARY SCHOOL
ABSTRACT
The purpose of this project is to deal with the problem of truancy with particular reference to influence of pe...
