ASSESSMENT OF PROJECT COST MANAGEMENT ON THE OVERALL SUCCESS OF PROJECT MANAGEMENT: THE CASE OF SUZO INDUSTRIES

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 have 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. A 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. Therefore, the main objective of this project work is evaluate the Effect of Project Cost Management on the Overall Success of Project Management: in the Case of Suzo industries expansion project. The researcher employed a quantitative approach to investigate the problem under study. The data were collected from project personnel’s in Suzo industries. The collected data analyzed by using IBM SPSS statistics 20. The results indicate that, resource-planning, Cost estimating, cost budgeting and cost control practices. And the result reviled that project cost management has an impact on the overall success of project management, since all of those components of project cost management has significant association with the dependent variable overall success of project management.