Project Topics Seminar Topics Nursing School Past Questions Sign Up
Search Topic
PARKLYN
ERVICES
 · RC: 2994849
Project Cost Control in the Nigerian Construction Industry

Project Cost Control in the Nigerian Construction Industry

@SparklynServices
WhatsApp Channel

DEDICATION

This research material, titled “Project Cost Control in the Nigerian Construction Industry” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Project Management for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Project Cost Control in the Nigerian Construction Industry provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    Project Cost Control in the Nigerian Construction Industry (A Case Study of El-Alan Construction Company Limited)

    CHAPTER ONE

    1.0 Introduction

    1.1. Background Of Study

    Project cost controls in the Nigerian construction sector have always been under studied. On the course of prosecuting a project, controlling the cost of these projects would help in maintaining such projects from being too capital intensive which may lead to the project being abandoned. For every project to be successfully executed, its cost must have been analyzed and the cost from start to finish noted so as to prevent unnecessary contingency spendings which may hamper the complete execution of the project. Cost control includes monitoring cost, task completion, and time. If total cost of a project at a given time is over the cost baseline, cost control measures may be necessary. Such project management actions may range from ensuring that only tasks within the scope of the work are being performed to alerting stakeholders of potential cost overruns.

    As a project manager, it is important, professional, and ethical to identify and report on these issues as soon as they are identified. Organizations whether private or government owned must complete projects on budget to achieve financial objectives and save cost. Project managers applying cost control techniques effectively can ensure that projects stay within projected budgets or are allowed to exceed budgets in a controlled way for specific reasons. When an organization implements appropriate project cost controls, it reduces risk and receives the full benefits anticipated from project completion. Controlling costs means meeting a budget that is based on cost estimates.

    The two components of such estimates are the scope of the work and the cost of each completed task. The project plan details the requirements for the project, which you have to translate into activities. A typical activity requires labor, materials and equipment. Once you have defined the project scope in terms of activities and divided the activity into its cost components, you can calculate cost estimates using costs from historical sources, bids, industry norms and other projects as a base.

    1.2. Statement Of Problem

    Investigation revealed that the increase in the number of abandoned, uncompleted and under completed projects by individuals, companies and even government has been a cause for serious concern. This high rate of abandonment has inflicted our infrastructural development negatively and may have dissuaded prospective investors from investing in our economy.

    1.3. Aims and Objectives Of study

    The aim of the study is to examine the Project Cost Control in the Nigerian Construction Industry. In achieving this aim, the following specific objectives were laid out as follows:

    1. To examine the level of implementation of project cost control in the Nigerian construction industry.
    2. To know if adherence to project cost control increases the profitability of Nigerian construction industry.
    3. To know if project cost control improves the Nigerian construction industry.
    4. To know if project cost control reduces abandonment and under completion of projects.

    1.4 Research Questions

    The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:

    • What is the impact of project cost control on the Nigerian construction industry? Ø Does project cost control enhance the quality of constructions in the Nigerian construction industry?
    • What is the impact of project cost control on the infrastructural development of Nigeria?
    • Is there a relationship between project cost control and economic development in Nigeria?

    1.5 Research Hypothesis

    In order to pursue the objective of this study, the following generalized statements have been designed to guide and aids in obtaining the result for the experiment to be conducted. For this work, the null hypothesis will be represented with H0 while the alternative hypothesis will be represented with hypothesis H1.

    Hypothesis One

    • H0: Effective project cost control does not improve the quality of constructions in the Nigerian construction industry
    • H1: Effective project cost control does not improve the quality of constructions in the Nigerian construction industry

    1.6 Significance Of Study

    This study will be of great importance to project managers, government, researchers and captains of industries seeing that it would unravel the implications and benefits of ensuring project cost control in the Nigerian construction industry and the economy of Nigeria at large.

    1.7 Scope Of Study

    This study is restricted to project cost control in the Nigerian construction industry with EL-ALAN Construction Company (Nigeria) Limited as its case study.

    1.8 Limitations of the Study

    During the course of this study, many things militated against its completion, some of which are:

    1. Financial Constraint:

      Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

    2. Time Constraint:

      The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

    1.9 Definition Of Terms

    Project:

    A planned piece of work that is designed to find information about something, to produce something new, or to improve something.

    Cost:

    The amount of money that you need in other to buy, make or do something.

    Construction:

    The process or method of building or making something, especially roads, building, bridges etc.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

    Procedure for Accessing and Downloading the Complete Material in PDF or DOCX Format

    Above is a preview excerpt of the full study on “Project Cost Control in the Nigerian Construction Industry (A Case Study of El-Alan Construction Company Limited)”. The complete material, including all five chapters, is available for download upon request.

    To obtain the complete research material content, simply place an order by paying the specified project or seminar fee using the account details or electronic payment (E-payment) system provided below.

    Seminar Material
    ₦3,000    		Project Material
    ₦5,000

    For Mobile Money (MoMo) and Researchers Outside Nigeria, Kindly Request Complete Material via WhatsApp.

    Account Details - For USSD / POS Transfer

    ACCT NAMESPARKLYN SERVICES
    Zenith Bank PLC1222599051
    MoniePoint (MFB)8030511988
    Paycom (OPay)8030511988

    –– or ––

    After payment, send message containing your payment receipt to Sparklyn Services with the phone number displayed below.

    Once payment is confirmed, the complete document will be delivered via WhatsApp or email in Microsoft Word (MS-Word) format.


    You can get more research topics on Project Management, if you did not see your preferred topic from the alternate list above.

    Defense Procedure for Project Management Researchers

    In preparation for defending a project or seminar on Project Cost Control in the Nigerian Construction Industry, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

    Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.

    Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.

    During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.

    Page Content Headings - Project Cost Control in the Nigerian Construction Industry (A Case Study of El-Alan Construction Company Limited)
      Download Material (Docx)