A study on the impact of project management on the profitability of beverage producing companies: A focus of coca cola company
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Date
2021-07-12
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Abstract
Project Management (PM) is an inventive management practice that tends to achieve
state or specified objectives within specific time and budget limits through optimum use
of resources. The aim of the study was to assess how PM has been adopted and its effect
on the profitability of the company. The study sought to identify the development of PM
over the years; find out the practices, procedure and techniques of PM adopted in the
practices of formalized PM and assess the impact of PM on the profitability of the
company. Quantitative research approach was used in this research. The targeted
population for this study consisted of all management staffs of Coca-Cola Company
Limited. Purposive sampling was used to select the respondents. 20 respondents were
sampled from Coca-Cola Ghana Company Limited in order to attain precise information,
in addition to cost and time constraints. The primary data was collected from the
respondents through survey by administration of questionnaires. Quantitatively, the data
collected was checked, grouped and statistically analyzed using SPSS. Frequencies and
percentages were used in the analysis with help of comprehensive tables and illustrations
to facilitate inferences, interpretations of the data comparisons. The study revealed that
with the introduction of PM, the best and most qualified project management workers
were hired. Majority of the respondents were of the view that the practices, procedures
and techniques of PM were adopted in the company‘s PM department have contributed
enormously to the profitability of their organization. The study recommended that
project committee should be formed to monitor and supervise the success of the project
for the satisfaction of the project beneficiaries
Description
A project submitted to the department of construction technology and management college of art and built environment in partial fulfillment for the Award Degree of Master of Science.
Keywords
Project Management, Profitability, Beverage Producing Companies, Coca Cola Company