Research Articles in Business Administration

Permanent URI for this collectionhttps://repository.nileuniversity.edu.ng/handle/123456789/105

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Start date: 2024Subject: search.filters.subject.Construction Industry

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    Impact of Project Cost Control on the Financial Performance of the Nigerian Construction Industry
    (Scientific Research Publishing Inc., 2024-02-02) Abani Joseph Alu; Muritala Taiwo Adewale; Ogedengbe Frank Alaba; Nasamu Gambo; Nwoye May Ifeoma
    The success of any construction project largely depends on the ability to manage project costs effectively. However, cost control in the Nigerian construction industry is characterized by numerous issues such as inadequate planning, poor communication, lack of accountability, and corruption. This conceptual review aims to examine the current state of project cost control in the Nigerian construction industry, identify the key factors affecting cost control, and provide insights into possible solutions to these challenges. The Nigerian construction industry has been plagued with cost overruns, delays, and poor project performance, which have led to a significant waste of resources and financial loss. The findings of this review will be useful to stakeholders in the construction industry, including project managers, policymakers, and researchers, and will help to improve the cost management practices in the Nigerian construction industry. The study reveals that ineffective cost control strategies, poor project planning, and inadequate monitoring and control systems are major issues affecting project cost control in Nigeria. The review also highlights the need for a shift towards more proactive and integrated cost control approaches, as well as the adoption of emerging technologies in project cost control. Ultimately, this study provides valuable insights into the challenges faced by project managers in controlling project costs in the Nigerian construction industry and offers recommendations for improving project cost control practices.
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    Effect of Communication Pattern on the Construction Project Success in North Central, Nigeria
    (Scientific Research Publishing, 2025-02-02) Isa Adewale Olatinwo; Ogedengbe Frank Alaba; Bakare Akeem Adewale; Nasamu Gambo
    Over the years, several projects in the Nigerian construction industry have failed to meet various indicators of project success due to communication breakdown among construction project stakeholders in Nigeria. In this regard, communication pattern was considered as a determinant of construction project success in Nigeria. The study adopted the quantitative research approach and survey research design. The population of the study was project managers and a sample size of 344 was determined while a questionnaire was distributed to project managers within northcentral, Nigeria to collect data. Data collected were analysed with inferential statistical techniques. The study found that chain pattern communication significantly impacts construction project success. Similarly, wheel pattern communication significantly influenced the construction project’s success while circle pattern of communication also significantly impacted the construction project’s success. It was concluded that the three communication patterns determine construction project success in north-central, Nigeria. Therefore, project managers should be mindful of these communication patterns to achieve timely construction projects without compromising quality. The study recommends the adoption of all three communication patterns in the life of every construction project.