THE EFFECTS OF PROJECT PLANNING TECHNIQUES ON CONTRACTORS PROFIT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
The increased complexity of the society and high level of competition in the construction industry has made it imperative for contractors, project managers and construction companies to carry out serious planning in order to ensure project success and profits. This work examined project planning impact on a contractor’s profitability. The objectives were to identify project planning techniques and tools used by contractors in construction project delivery, determine factors affecting project planning practices of contractors, and to evaluate the impact of proper project planning on contractor’s profitability. The research approach involved survey design using structured questionnaire administered to 50 respondents in Owerri, Imo, Nigeria. Spearman Ranked Correlation, Chi Square and other descriptive statistical methods were adopted for data analysis. The findings of the study revealed that Gantt chart with a mean score of 4.83 was the most commonly used tool used by contractors in project planning, and project funding not aligning with project plans with a mean score of 4.70 is the most common factor affecting project planning effectiveness. The hypothesis tests between level of use of project planning practices and contractors’ profitability using Spearman Ranked Correlation test indicated significant positive relationship between effective project planning and contractors’ profitability. The study concludes that project planning efforts influences contractor profitability in construction project delivery. The recommendations put forward were that project management teams should expose contractors to the relevance of project planning and its benefits. Clients should properly define their brief and contractor to avoid purchasing materials that won’t be used immediately in cases of installation of lifts that require heavy machinery and store houses.
Related Project Materials
The Effectiveness of Radio Journalism in Educating Rural Communities in Katsina-Ala LGA, Benue State Chapter One: Introduction
Background of the Study
Radio journalism remains one of the most accessible and impactful forms of media in rural commun...
DETECTION OF HEPATITIS B VIRUS FROM INMATES IN SELECTED CORRECTIONAL FACILITIES IN NIGER STATE
ABSTRACT
Research has shown high transmission of hepatitis B virus (HBV) among inmates in correctional facilities in the developed world,...
An examination of the relationship between students’ health status and academic performance in Ikorodu Local Government Area, Lagos State.
Background of the Study
Students’ health status is increasingly recognized as a critical factor influencing academic performance. I...
An appraisal of regulatory oversight on banking risk mitigation: a case study of Access Bank Nigeria
Background of the Study
Regulatory oversight is fundamental to effective risk mitigation in banking. Access Bank Nigeria op...
AN INVESTIGATION OF THE CHALLENGES OF MANAGING LIBRARY RESOURCES IN SECONDARY SCHOOLS IN NINGI LOCAL GOVERNMENT AREA, BAUCHI STATE
Background of the Study:
Effective management of library resources is vital for the academic success of students. In Ningi...
EXAMINING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON COMMUNITY HEALTH
ABSTRACT: This study examined the Impact of Early Childhood Education on Community Health. The objectives of...
Assessing the Impact of Social Media Regulation on Free Speech in Birnin Kebbi Local Government Area, Kebbi State
Background of the Study
Social media has become a dominant force in communication, providing platforms for free expressi...
ROLE OF INTERNAL AUDITORS ON THE FINANCIAL STATEMENT IN LOCAL GOVERNMENTS
EXCERPT FROM THE STUDY
The local government global schedule analyses that most local governments of developing countries have no or under...
An Examination of the Relationship Between Income Distribution and Economic Output in Nigeria
Background of the Study
Income distribution plays a pivotal role in shaping economic output by influencing consumption, sav...
An evaluation of the impact of cultural taboos on maternal nutrition in Ilesha East Local Government, Osun State
Background of the Study:
Cultural taboos surrounding food and nutrition have a profound impact on maternal...
