0704-883-0675     |      dataprojectng@gmail.com

ASSESSMENT OF PROJECT PLANNING PRACTICES AND ITS IMPACT ON CONTRACTORS PROFITABILITY

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

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.

 

 




FIND OTHER RELATED TOPICS


Related Project Materials

INFLUENCE OF N.T.A ENUGU COMMERCIALS ON THE PRODUCT PROMOTION OF INDOMIE INSTANT NOODLES (A STUDY OF CHILDREN IN EMENE COMMUNITY)

Abstract

Influence of commercial advertising on the productpromotion of indomie instant noodles. A study of the children of Emene communi...

Read more
A STUDY ON THE EFFECT OF GOVERNMENT INFRINGEMENT ON PRESS

ABSTRACT

Press has great impact on the individuals and society at large, hence it is expected that its ethical principles be adhered to a...

Read more
ASSESSMENT OF PASSIVE SECURITY MEASURES IN THE DESIGN OF A HOTEL IN MINNA, NIGER STATE

ABSTRACT

Security and safety are important factors to be considered in every design. This has in recent times become an issue of concern...

Read more
ANALYSIS OF THE LEGAL FRAMEWORK OF INCOME TAX ENFORCEMENT AND COMPLIANCE STRATEGY FOR REVENUE GENERATION IN NIGERIA

ABSTRACT

From the inception of modern taxation in Nigeria in the first decade of the 20th century the problem of poor tax administration...

Read more
THE IMPACT OF REGULATORY CHANGES ON FUND ACCOUNTING PRACTICES

Abstract: THE IMPACT OF REGULATORY CHANGES ON FUND ACCOUNTING PRACTICES

The objectives of this study are to: (1) examine the effects of r...

Read more
CONTRIBUTION OF SMALL AND MEDIUM SCALE ENTERPRISES TO ECONOMIC DEVELOPMENT OF NIGERIA

ABSTRACT

The contribution of Small and Medium Scale Enterprises (SMEs) has been recognized as main sust...

Read more
APPLICATION OF SHORTHAND SKILL IN TODAYS BUSINESS OFFICES

ABSTRACT

For the effective discharge of their duties, professional secretaries must have a mastery of t...

Read more
THE INFLUENCE OF CUSTOMER RELATIONSHIP MANAGEMENT ON THE SALES OF PRODUCTS

ABSTRACT

This study was carried out to examine the influence of customer relationship management o...

Read more
THE IMPACT OF EARLY CHILDHOOD EDUCATION ON IMPULSE CONTROL

ABSTRACT: This study examines the impact of early childhood education (ECE...

Read more
“AN APPRAISAL OF INCOME TAX ENFORCEMENT PROCEDURES UNDER THE NIGERIAN TAX SYSTEM

ABSTRACT

The imposition, collection and administration of income tax in Nigeria are basically statutory, which had undergone significant...

Read more
Share this page with your friends




whatsapp