Effects of Project Management Practice on Organizational Performance: The Case of Finfine Furniture Factory (3F)
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Date
2022-06
Authors
Mikias Amare
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Publisher
Addis Ababa University
Abstract
Evidently the purpose of this research was to analyze the project management practice of Finfine furniture factory (3F), thus the effects of projects management practices are examined by the success of projects of the company under study.The research employed the use of descriptive research type, which helps to practice both qualitative and quantitative data analysis, the target population of the study was 35 employees. Questionnaires, interview, as well as observation were used to collect primary data, then the collected data was analyzed by using SPSS such as
percentages, frequencies, mean and standard deviation and the analyzed data were presented in tables and charts. Different types of tools and analysis were used to authenticate the research hypotheses, to develop and farther examine the organizations practice and approach towards project management tools and technique for assuring project success. Project management practices that are evaluated in this study are projects scope management, risk management, cost management and communication management. The findings showed that With respect
to project scoop management, it’s evident that Respondents generally believed that project scope management is very important followed by cost and communication management, while respondents believe that risk management is moderately significant as evidenced in the study. Given that Furniture factories operate on order from prospective clients where projects have a specific work setting, thus integration of manufacturing practices with project management practices are needed for project success. Even though like many researches this study had limitations, the study is conducted to create awareness about the concept, tools, techniques, principle and efficiency of project management practices towards attaining ultimate project success. Thus it is recommended that Finfine furniture factory (3F) should have effective and efficient project management training and use of established project management practices to improve overall organizational success.
Key words: project management, project management practices, projects scope management, risk management, cost management and communication management