Project Management Practices and Organisational Performance

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ABSTRACT

This study examined the impact of project management practices on the organisational performance of the Nigerian Manufacturing Industry, Benin City, Edo State, Nigeria. Specifically, it assessed the relationship between project scope management, project quality planning management, project time management, project cost/budget and project risk assessment and the organisational performance of the Nigerian Manufacturing Industry, Benin City, Edo State, Nigeria. The survey research design was adopted for this research study. The population of the study covered all employees of manufacturing firms in Benin City, Edo State, Nigeria. A total of 400 copies of the questionnaire were distributed whereas 393 copies were retrieved and found usable. A stratified random sampling procedure was used in administering the copies of the questionnaire to sample respondents who are employees of the manufacturing firms in Benin City, Edo State, Nigeria. The data collected through questionnaire administration was analysed using descriptive statistics such as frequency distribution, mean and standard deviation. Multiple regression analysis was used to test the null hypotheses and estimate the research model using the Ordinary Least Squares (OLS) technique through the use of Statistical Package for Social Sciences (SPSS) Version 24. The study found that there is a significant positive relationship between project scope management, project quality planning management, project cost/budget and project risk assessment and organisational performance of the Nigerian Manufacturing Industry while a non-significant but positive relationship exists between project time management and organisational performance in the Nigerian Manufacturing Industry, Benin City, Edo State, Nigeria. The study recommends that manufacturing organisations in Benin City, Edo State, Nigeria should invest in effective project scope management practices, strengthen project quality planning, evaluate their time management practices, optimise project cost and engage in budget management and prioritise project risk assessment by defining project boundaries, objectives, and deliverables, emphasizing comprehensive quality planning, focusing on efficient scheduling, task sequencing, and timely project delivery, embracing rigorous cost and budget management and implementing a robust risk management framework.

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