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 5000
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
An analysis of the impact of widow inheritance practices on women’s autonomy in Ugheli South Local Government Area, Delta State
Background of the Study
Widow inheritance practices have deep cultural roots in many parts of Africa, including Ugheli Sout...
EXAMINATION OF LIBRARY SERVICE PROVISION AND USER SATISFACTION IN SPECIAL LIBRARIES
EXCERPT FROM THE STUDY
The library is a learning institution that houses treasures of knowledge that are maintained, org...
COMPARATIVE ANALYSIS OF ACADEMIC PERFORMANCE IN BIOLOGY IN SOME SELECTED SENIOR SECONDARY SCHOOLS
Abstract
A comparative study of academic performance in Biology in some selected senior secondary schoo...
EFFECTS OF INDECENT DRESSING IN THE NIGERIAN EDUCATIONAL SYSTEM: A CASE STUDY OF COLLEGE OF EDUCATION, EKIADOLOR-BENIN, OVIA NORTH EAST LOCAL GOVERNMENT AREA OF EDO STATE
Indecent appearance has come to characterize the dress pattern of many students on campuses of higher learning in Nigeria, there is hardly any high...
The impact of global economic integration on labor rights: An evaluation in Lagos State
Background of the Study:
Global economic integration has transformed national economies by promoting free trade, investment, and cross-bo...
The Effect of Digital Communication on Nigerian Syntax: A Case Study of Twitter Thread Structures
Background of the study
Digital communication has dramatically reshaped linguistic practices, particularly in the domain of...
IMPACT OF LIQUIDITY MANAGEMENT ON THE FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
ABSTRACT
The study examined the impact of liquidity management on the financial performance of commerci...
An assessment of mobile marketing strategies and their effect on retail sales: A study of fashion retailers in Kano State
Background of the Study
Mobile marketing has rapidly gained prominence as a tool for engaging consumers in the digital age....
An examination of the influence of online learning on students' ability to work independently in secondary schools in Bauchi West LGA, Bauchi State
Background of the Study
Online learning has fundamentally transformed educational paradigms by shifting the locus of contr...
The effect of economic barriers on healthcare utilization in Cross River State
Background of the Study
Economic barriers are a critical determinant of healthcare utilization, particularly in regions where poverty is...
