Project Management Practices: A Study in Commercial Nominees Plc

Abstract

It is assumed that there are certain generally accepted project management practices which enhance the effectiveness of managing projects which are expected to be distinctive irrespective of the type of organization or project. Hence, the main purpose of this study is to assess project management practices in Commercial Nominees Plc using the ten project management knowledge areas defined by PMBOK. Primary data collection was done by semi- structured interview; and close ended questionnaire was collected from employees involved in project work selected in census survey and as to secondary data; related books, articles, journals and publication from the project office were reviewed. Accordingly, descriptive research design and quantitative approach were employed in this study. Percentages and mean were used to analyze the data obtained. The findings of the study showed that, some project management knowledge areas i.e. Project scope, time, quality, cost, risk and integration management were not effectively practiced in the project. Correspondingly, project stakeholders, human resource, communication and procurement management were practiced traditionally even though formal procedures were not followed as a standard for project management which is due to no professional project management person was assigned in the project. Thus, this study suggested for the project to implement project management knowledge areas by following formal procedures based on the processes under each knowledge areas.