EFFECT OF PROJECT MANAGEMENT ON PROJECT SUCCESS
►AKEWUSHOLA, RAHEEM OLASUPO; OLATEJU, OLAWALE IBRAHIM and HAMMED, OLAWALE GAZAL
This study evaluates the effects of project management on project success in Blackstone Construction Company. The study adopted a survey research design, using a combination of stratified and judgmental sampling techniques, A structured questionnaire was administered on 40 top and middle levels management staff of the company. The scales in the questionnaire were content validated, and has a reliability correlation coefficient of 0.11.The data collected was analyzed using descriptive statistics and Chi−Square distribution. The research findings reveal that there is a relationship between project quality and business success, Project quality and technical success. The study also reveals that there is a significant relationship between Project cost and acceptability by clients. It was therefore recommended among others that total project cost on the side of clients should be minimized by ensuring that the project manager is innovative enough and creative in the apportion of project cost without reducing the quality of the project.
Keywords: Project, Project Success, Technical success, Quality, Cost
CAPITAL MARKET EFFICIENCY: A Test of the Strong Form in Nigeria
►Azeez, B.A. and Sulaiman, L.A.
The responsiveness of the market financial instruments in terms of prices to reflect market information and the inability of information privileged market participant(s) to out-perform other counterparts pose the quest to test whether the strong form of market efficiency prevail in the Nigerian capital market or not. With the extraction of the returns on 240 stocks from the database of the Nigerian Stock Exchange (NSE), a comparison was made between a constructed random portfolio and a 3-year annualized average return on the portfolios of the mutual fund industry. In this empirical study, the analysis deduced that mutual funds were unable to out-perform the random portfolios created from the index stocks, which thus implies that the strong form of market efficiency holds in the Nigerian Capital Market. Nonetheless, profound analysis on stock volatility risk is essential to avoid substantial loss in the stock market.
Keywords: Market Efficiency, Capital Market, Nigerian Stock Exchange (NSE) Stocks, Information, Portfolio, Random Walk, Mutual Funds.
IMPLEMENTING THE PRODUCT DATA MANAGEMENT INTO ENTERPRISES: Five Case Studies
►Shih-Chih Chen, Chan-Yen Chang, Kuo-Shean Liu, Huei-Huang Chen and Szu-Hsiung Yeh
In recent years, enterprises are facing the impact from the Financial Tsunami, factories moved outward, high production cost, shorter product life cycle, larger customization and global fierce competition. In order to survive, enterprises have to circulate all kind of information within the enterprise and supply chain to leverage the operation. This article presented five case studies including Hewlett-Packard, Ericsson, NEC, OKI, and Acer. We hope that sharing those five cases to promote the PDM applications into more companies.
Keywords: Product Data Management (PDM), Enterprise Resource Planning (ERP), Implementation
RELEVANT COST CONCEPT: A Glaring Dichotomy-Accountant’s Perspective
►Omah Ishmael and Osamor . I .P
Purpose: This paper examines the concept of relevant cost, its relevance in decision making analysis, its decision advantage in both short and long-term planning decisions and how it influences the decision maker’s choice of preference/priorities. The study is based on primary information (data) tailored to allow individual respondents comprehend the concept of “relevant cost”. Forty (40) closely related questionnaires were prepared and administered in some business retail traders in “ALABA INTERNATIONAL MARKET”. A review of related literature was also applied to have a general over-view of the concept of relevant cost ideology. It was revealed that relevant cost or costs are costs appropriate to a specific management decision. They are estimated future costs, that are different under alternative courses of action for a specific problem. It consist of both fixed and variable costs. Relevance in decision making is independent of cost behavior pattern. It influences the decision maker’s choice of preference and priority. If a decision is to be taken to either add a product or drop a product, salary of a supervisor or managing director is irrelevant. It is a differential (or incremental) cash flow that forms a component of relevant cost.
Keywords: Relevant, cost, differential, incremental, irrelevant, highlight, limiting factor, preference, appropriate, cost indifferent point (CIP).
GAY MARKETING: Opportunity or Nightmare for Firms
►FERIDE BAHAR ISIN
This study investigated young adults’ attitudes towards homosexuality and perceptions of gay marketing based on data acquired through a survey questionnaire that included a total of 64 items on demographics and life experiences, attitude towards homosexuality and perceptions of gay marketing administered to 402 students at a private university in Turkey of both sexes aged 18 to 28. Findings suggest that young adults hold negative attitudes towards homosexuality, ranging from moderately negative to strongly negative, and generally with no significant differences by the respondents’ parents’ education, respondents’ political view or acquaintance with any homosexual person or level of exposure to gay themed advertisements. Female respondents hold slightly more negative attitudes towards homosexuality than male respondents do. A factor analytic method revealed three major components of young adults’ perceptions of gay marketing which could be named subjective perceptions (SP), perceptions of marketing strategies (MS) and opinion on moral consequences (MC). Results are discussed with the limitations of the study, and implications for marketers.
Keywords: homosexuality, gay marketing, morality, gay, lesbian.
FINANCING ENERGY DEVELOPMENT IN NIGERIA: Analysis of Impact on the Electricity Sector
►Uzochukwu Amakom and Uche Collins Nwogwugwu
Funding provisions by policy makers are usually for two main purposes including poverty and inequality reduction as well as improvement of the situation for private sector growth. Nigeria returned to civilian rule in 1999 and has since been pursuing private sector-led growth and development and one of the sectors constituting the focus of the federal government is the energy sector especially the electricity sub-sector. This study analysed federal government spending on the energy sector with special emphasis on the electricity sub-sector to see how this spending has impacted on production, transmission and distribution of electricity using descriptive statistics. The study found that despite the significant reforms and increase in spending in the sector, the outcome in terms of its reflection on production, transmission and distribution of electricity is far from the realisation of the reform objectives. The country lags behind other countries like Libya, Kenya and Ghana in per capita power production and consumption and this lack of access to electric power, and modern energy in general has a negative effect on productivity and has limited the economic opportunities available to Nigeria. The study recommended going back to the NEEDS policy thrust and targets in the power sector and must pay attention to the environmental consequences of various options for enhancing the provision of energy services.
Key words: Government Financing, Energy Development, Nigeria and Electricity