THE ROLE OF COST TRACKING IN BUSINESS OPERATIONS
- 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 TRACKING IN BUSINESS OPERATIONS
This research investigates the role of cost tracking in business operations by focusing on: (1) the impact of cost tracking on operational efficiency; (2) the benefits of real-time cost tracking for decision-making; (3) the challenges in implementing effective cost tracking systems. A survey design is used to collect quantitative data. Taro Yamane's formula is applied to derive a sample size of 300 respondents from Abuja, representing various industries. A logistics company is selected as the case study due to the critical importance of cost tracking in its operations. The reliability coefficient score for the survey instrument is 0.85. Findings indicate that effective cost tracking significantly enhances operational efficiency by providing real-time insights into cost drivers and enabling informed decision-making. However, challenges include the complexity of implementing real-time tracking systems and ensuring data accuracy. It is recommended that businesses invest in advanced cost tracking technologies, provide training for employees, and establish robust data management practices to ensure accurate and timely cost tracking.
Related Project Materials
THE IMPACT OF EARLY CHILDHOOD EDUCATION ON FAMILY DYNAMICS
ABSTRACT: Early childhood education (ECE) plays a transformative role in s...
EFFECT OF PRICING STRATEGIES ON SALES VOLUME ( A CASE STUDY FPA MARKETING MODEL SHOP)
Businesses today are facing one of the most competitive eras in history. The rise and fall of businesses and the outright failure of some businesse...
IMPACT OF THE ROLE OF HEALTH EDUCATORS DURING PILGRIMAGES IN NIGERIA
Abstract
This research was conducted to assess the impact of the roles of health educators during Christian pilgrimages....
A REMEDY TO INFRASTRUCTURAL CHALLENGES VIA RENEWAL PROGRAMME, A CASE STUDY OF LAGOS MEGA CITY
Background of the study
Lagos now has a population of more than 18 million people. The United Nations grants mega...
APPRAISAL OF THE INSTITUTIONAL AND LEGAL FRAMEWORK OF THE NIGERIAN NATIONAL ASSEMBLY SERVICE COMMISSION (2014 -2020)
Background to the Study
The legal Framework establishing a Parliamentary Administration is an integral part of Public Se...
A STUDY OF THE IMPACT OF PERIODONTAL DISEASE ON ORAL HEALTH RELATED QUALITY OF LIFE
ABSTRACT
Despite being acknowledged as the second global burden of oral disease, periodontal disease ha...
EFFECT OF COVID-19 LOCKDOWN ON INTERNET DATA USAGE
BACKGROUND OF STUDY
The Internet is a system architecture that has revolutionized communications and me...
EFFECTS OF CORPORATE IMAGE ON FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN NIGERIA
ABSTRACT
Insurance companies in Nigeria have failed to realize the role a good corporate image play in...
DESIGN OF A COMPUTER ASSISTED MULTIPLE CHOICE EXAMINATION SYSTEM (A CASE STUDY OF COMPUTER SCIENCE DEPARTMENT FEDPONEK OWERRI)
ABSTRACT
With the thoughtful application of emerging technologies and in a bid to improve on the effort tow...
INVESTIGATION OF MARKETING STRATEGIES AND ITS SIGNIFICANCE ON THE PERFORMANCE OF SMALL SCALE AND MEDIUM ENTERPRISE IN LAGOS STATE, NIGERIA
Background of the Study
The practice of marketing goods and services is nearly as...
