The Effect of Project Cost Management Practices on Project Success in the Case of Addis Ababa City Housing Development Corporation Prefabricated House Project
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Date
2023-06
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Addis Ababa University
Abstract
This research examined the effect of project cost Management practices on project success in the case of Addis Ababa city prefabricated housing construction at Akakikality site office. Hence, the objective of the research is to access the effect of project cost management on project success by considering cost only as success factor and analysing how specifically the cost element would influence the project success on prefabricated housing development. Analysis was measured by Plan Cost Management, Estimate Costs, Determine Budget, and Control Costs. To achieve the objectives, the research employs explanatory research deign. Non probabilistic purposive sampling technique is used to select the sample size of the population. A questioner’s survey used to collect data from 58 selected respondents through a five-point Likert scale-based and analysed by using SPSS software version 20. Results revealed that Pearson correlation among project cost management variables are moderate to high, and correlation between project cost management and project success are also high to very high. From the research finding Cost estimation has a high major significant effect on the success of the project and control cost also has positive significant effect whereas determining budget and plan cost have no significant effect on project success. Generally, limitations are seen in taking of a case of one corporation branch only and the use of just some variables may increase risk of respondent bias. In order to avoid these limitations, Future studies can extend scope to include a wide geographical area of construction projects and shall include other factors which impact the success of construction projects
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Keywords
Project cost management, Project cost planning