The Effective Resource Budgeting as a Tool for Project Management

Authors

  • Okon Ndem Eyibio Department of Business Administration Nile University of Nigeria, Abuja, Nigeria
  • Cross Ogohi Daniel Department of Business Administration Nile University of Nigeria, Abuja, Nigeria

DOI:

https://doi.org/10.24203/ajbm.v8i2.6190

Keywords:

Resource Budgeting, Budgeting, Resource Management, Tools, Project

Abstract

In our globalizing world the competition among firms producing the same goods and services have intensified, every organization now seeks to maximize funds and resources while delivering the best results for projects embarked on towards the overall profitability of said organization. Consequently, understanding the relationship between effective resource budgeting and project management is a necessity. The main purpose of this study was to determine if there is a significant relationship between effective resource budgeting and project management. In this research paper, a literature review in the field of resource budgeting and project management was presented, and the papers were discussed for a deeper understanding of state of the art. This research made use of quantitative method to gather data due to the nature of the topic. Survey was used as a method of data collection. It was concluded that resource budgeting is a tool for project management, hence effective resource budgeting goes a long way in ensuring the success of a project. It was recommended that a more comprehensive research covering other states in Nigeria should be carried out so as to contribute to existing knowledge on project management.

Keywords: Resource Budgeting, Budgeting, Resource Management, Tools, Project Management

Author Biography

Cross Ogohi Daniel, Department of Business Administration Nile University of Nigeria, Abuja, Nigeria

SENIOR LECTURER, NILE UNIVERSITY OF NIGERIA, ABUJA

References

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Published

2020-06-30

How to Cite

Eyibio, O. N., & Daniel, C. O. (2020). The Effective Resource Budgeting as a Tool for Project Management. Asian Journal of Business and Management, 8(2). https://doi.org/10.24203/ajbm.v8i2.6190

Issue

Section

Articles