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FAILURE EVALUATION OF ENGINEERING PROJECTS IN NIGERIA (A CASE STUDY OF PIPELINE AND PRODUCT MARKETING COMPANY LIMITED, A SUBSIDIARY OF NIGERIAN NATIONAL PETROLEUM CORPORATION)
Abstract:
This study centres on Failure Evaluation of Engineering Projects in Nigeria, A case study of Pipeline and Product Marketing Company Limited (PPMC). The instrument used in this study is analysis of some randomly selected Projects and questionnaires administered to Professionals involved in the execution of projects in PPMC. The result of this study show that there is still no consensus among project Management experts on what constitute a project failure, some consider failure based on the four constraints of Project Management (Budget, Schedule, Scope and Quality) while others consider it based on stakeholders expectation. The research shows that based on the constraints of Project Management, 85% of the projects in PPMC failed within 2011-2015- It was discovered that 41% of the failed projects were due to schedule, 29% due to bad scoping, 18% due to budget and 12% due to quality. The research also shows that from stakeholders perspective, of the 40% failed Projects in PPMC within the years 2011-2015, it was also discovered that 38% failed due to budget, 37% due to bad scoping and 25% due to quality. It is recommended that employment of principle of adequate budgeting and timely milestone payment will go a long way in reducing Project Failure in PPMC.
FAILURE EVALUATION OF ENGINEERING PROJECTS IN NIGERIA (A CASE STUDY OF PIPELINE AND PRODUCT MARKETING COMPANY LIMITED, A SUBSIDIARY OF NIGERIAN NATIONAL PETROLEUM CORPORATION)
