The Impact of Project Cost Management on the Overall Success of Project Management: The Case of HEINEKEN Brewery Share Company
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Date
2017-06-03
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Addis Ababa University
Abstract
Project is a series of activities aimed at bringing about clearly specified objectives within a defined
time and with a defined budget. To say one project is successful, the project must done as per
agreed quality, completed with approved time and most importantly completed with approved
budget (cost). Furthermore, Project Cost (Budget) Management is one of the three main points
that affects the project success or failure. The successful project manager needs to give his
attention to managing project cost. Because it is not possible to be successful for a project manager
without managing the project cost properly. Therefor the main objective of this project work is
evaluate the Impact of Project Cost Management on the Overall Success of Project Management:
in the Case of HEINEKEN Brewery Share Company Kilinto Phase 2 Project. The researcher
employed a quantitative approach to investigate the problem under study. The data were collected
from project personnel’s in HEINEKEN Brewery Share Company Kilinto Phase 2 Project. The
collected data analyzed by using IBM SPSS statistics 20. The results indicate that, the project cost
management components implemented in HEINEKEN Brewery Share Company Kilinto Phase 2
Project include resource-planning, Cost estimating, cost budgeting and cost control SCM
practices. And the regression analysis reviled that project cost management has an impact on the
overall success of the project management in HEINEKEN Brewery Share Company Kilinto Phase
2 Project, since all of those components of project cost management has significant association
with the dependent variable overall success of the project
Description
Keywords
Project Management, Project cost management, Overall success of project