THE EFFECTIVENESS OF PROJECT MANAGEMENT PRACTICES OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IMPLEMENTATION PROJECT IN PUBLIC ENTERPRISES IN ETHIOPIA:

Abstract

The purpose of this study is to determine the effectiveness of Project Management Practices of IFRS implementation Project in the case of Public enterprises in Ethiopia. In this study, descriptive design and quantitative research through structured questionnaires, and a semi-structured interview designed for qualitative research have been used. A Project management Body of Knowledge (PMBoK), a critical success factors obtained through implementation and the way the process groups operated are used as a variable. The data collection methods were a questionnaire and semi-structured interview with review of relevant documents. The data collected from the questionnaire was analyzed using descriptive analyses with SPSS 21 and the interview was qualitatively interpreted. The result from the study revealed that Public enterprises have practiced a project management during their IFRS implementation processes led by different teams and steering committee without a project manager. Getting the primary all-inclusive sensitivity of the concerning body were one of the major critical success factors and the load thrown on the finance department to coordinating responsibility is one of the challenge they faced. So that, the same support and follow up from concerning bodies for future implementers has recommended. And finally, possible research areas that investigators shall use for the future following this result as a paving a way has showed.