The Effect Of Project Cost Management Practices On The Overall Project Success: Case Study Of Enterprise Resource Planning Project Implementation In Ethio Telecom
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Date
2018-06-16
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Addis Ababa University
Abstract
This paper deals with the role of project cost management practices on the overall success of projects management, a case study of ERP phase II project implementation in ethio telecom. While the project cost management processes are measured by plan cost management, estimate project cost, project budget and project cost controlling, the project success dimension is measured by the impact of the project on operational efficiency, user satisfaction and completion of the project within budget. To this end, multiple linear regression model was employed to investigate the impact of the project cost management components (the independent variables) on project success (the dependent variable). In addition to this, simple statistical description of data, correlation analysis (using the Pearson product-moment correlation coefficient) have been used to assess the different techniques employed by the company to monitor and control the project cost. To supplement the empirical analysis, descriptive analysis has been also undertaken, using the information sourced from interview with key informants, project contract manual and project closure or exit document. Results of the multivariate linear regression indicates the existence of positive and statistically significant relationship between project cost management explained by cost planning, estimation, budgeting and controlling costs and overall success of the ERP phase II project in ethio telecom. This implies that project success can be improved by improving project cost management practices
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Keywords
Project cost management, Project cost planning, Cost estimation, Overall project success