PRACTICE OF EFFECTIVE RESOURCE BUDGETING AS A TOOL FOR PROJECT MANAGEMENT in Asku Plc (A CASE STUDY OF ASKU PLC [AQUADDIS WATER BOTTLING COMPANY])

Abstract

Analysis of the completed projects show that a significant number of projects exceed the planned time and costs and consequently reducing the benefits. Among many causes of project failure, it is widely recognized/ identified/that poor planning has an impact on project performance/success/. The main objective of the research presented in this paper was to assess the role of project planning on project performance in Asku Plc ,in Ethiopia. In addition the research explores that there is a significant relationship between effective resource budgeting and project management and Effective resource budgeting is used us a tool for project management; In order to achieve the objectives, information of past/executed/ project was collected from ASKU Plc . A questionnaire survey conducted to collect data from the respondents that consisted of project manager, Operation Manager, Planning Manager, supervisors, and other staff who has a direct engagement on the Planning activities.. The study used SPSS version 24,correlation and other measure of central tendency is used to identify the importance of planning process/activities under each planning knowledge areas. The findings of the thesis indicate that the main planning input factors that affect the performance of planning processes are: - human, management, technical and organizational factors. And also the finding identifies the main problem areas in planning processes as risk, scope, quality human resource, and integration knowledge areas were inadequately/poorly/ performed in the studied project. This paper recommends an organization that conducts any project should improve the poor/inadequate planning performance of the identified knowledge areas. It is also important for the organization to spend more efforts in the identified planning activities to improve the performance of their project outcome