ASSESSMENT OF THE PROJECT FAILURE IN PUBLIC AND PRIVATE PROJECTS
- Project Research
- 1-5 Chapters
- Quantitative
- Mean and Standard Deviation
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
EXCERPT FROM THE STUDY
Construction projects in developing countries such as Nigeria requires much labour. Governments and Private organizations, especially governments in developing countries, have witnessed project failures in their project implementation, although there might be some differences in the causes, effects and consequences of such failures among governments.
From the analysis of the study, It was apparent that project failure is very frequent in developing countries and in particular, Nigeria, with several causes, effects and consequences. Some of the causes established were poor financial capacity; inaccurate costing and corruption; incompetence and lack of knowledge; poor planning and estimation; poor communication; poor contracting and contractor practices; frequent design scope changes and errors; socio-cultural and political interference; poor leadership and corruption.
The effects of project failure were found to be loss of revenue to the state; project cost overruns; loss of revenue by citizens; substandard infrastructure and low empowerment to community. The resultant consequences were slow economic growth; sector-centric underdevelopment; loss of foreign aid/grants; tougher donor regulations.
The results of the research show that unqualified, unskilled and untrained labourers normally used in the construction site. As a result of this, extra coordination and supervision is seriously needed so as to guide them and achieve good project delivery.
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