The impact of budgeting and budgetary control in constructions project delivery in Nigeria

Description

The impact of budgeting and budgetary control in constructions project delivery in Nigeria.

Abstract

This research project examined the impact of budgeting and budgetary control in construction project delivery in Nigeria. The study tried to find out how industries make a budget and use budgets to achieve the objective of the firm. It also sought to ascertain the importance of budgeting and budgetary control to a construction firm. It also identified the limitation to the application of sound budgeting and budgetary control systems in a construction firm. In constructing this research project, the researcher had to review some literatures and subsequently embarked on data collection through observation, interview and questionnaire.  The objective of chapter one of this research project is to introduce the topic which the need for the research is given and stated. The hypothesis and other important aspects like the significance of the problem, the scope and limitations were given. The objective of chapter two is to present a piece of the extensive literature review carried out in order to reveal the expressed opinion of notable authors and scholars as regards, the relevance of budgeting and budgetary control to an organization. Chapter three present the research design and methodology. Chapter four and five present the analysis of the research and results, conclusion and recommendation respectively. These chapters reviewed that budgeting and budgetary control is a sound management system that has the potential to drive a construction firm into prime positions in the construction sector of the economy.