College of Art and Built Environment

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Browsing College of Art and Built Environment by Subject ", Public organization"

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    The significance of project management in a flourishing business
    (2021-06-22) Hammond, George Armah;
    Organization who incorporate project management shows better utilization of resources, reduced cost, shorter development times and a better focus on results and quality. Also, organizations using project management have strong inter-departmental cooperation that builds synergies across the organization. Project management is a relevant issue in both public and private organizations. The implementation of practices in project management in these organizations is the most significant field in developed and developing countries, since it identifies methodologies and actions required to achieve the strategic goals of the organizations. The aim of this research was to explore the significance of project management in a flourishing business of an organization. Three objectives were set on which literature review was conducted. The first objective was to identify the significance of project management for a successful business operations. The second objective was to identify factors that hinder project management effectiveness in an organization and the third objective was to identify factors that contributes to successful project management in an organization. This study adopted quantitative method in which survey questionnaires were administered to respondents involved with project management yielding a response rate of 83 percent. The statistical tools utilized in data analysis include mean score; and descriptive statistics. The findings of the research indicated that “Shortage and late access to resources; Improper planning; Cash-Flow problems; and Lack of effective communication” are factors that hinder project management effectiveness in an organization. Also, the findings indicated that “Effective management of project cash inflow and outflow; Precise definition of project scope and objectives; Appropriate and effective project change management in terms of design/scope; and Effective management of project time schedules are factors that contributes to successful project management. It was recommended that Organizations put in their best to enhance effective project management through effective planning, monitoring and coordination of project activities. Moreover, establishment of efficient teamwork and cooperation among project team members and effective control of organizational bureaucratic culture. Also management in organization should ensure effective communication and rapid information flow amongst project participants.