Authors: 1Dr. Apea-Bah Cyril Swithin, PhD. | 2Prof. Allan Kwasi Asante-Yeboah, PhD.
1,2School of Finance & Financial Management
Business University of Costa Rica
Email: cyrilsarah@yahoo.com
Abstract
The study would, ‘investigate into the impact of project management models, using capital budgeting tools as a benchmark in public sector organizations in Ghana’ (the sector). Capital budgeting ascertained would be the long-lived expenditures for capital projects, over a defined period that would be with certainty, with the aim of claiming back the cash injections over a period with value earnings. The case study stratified data, would calculate the NPV and IRR to deduce the capital budgeting tools, and further determined with the Emerging concept for markup regarding projects in risk and uncertainty environments ascertained with certainty. The impact of project management models identified would be the Critical Path Method (CPM) and the Gantt chart. The study would grant an interview, and the Gantt chart would determine graphically the results of the interview on planned and controlled projects. The study would develop the null hypothesis of, ‘the sector does not have capital budgeting tools that serve as a benchmark with impact from project management models’. That would be used to guide the test statistics decision rule at the confidence level of 95%. In achieving the decision-rule for the hypothesis, there would be the problem statements and research questions. The outcome would be the null hypothesis and risks, determining from survey questionnaires and interview questions responses for data analysis. These would derive from the proportionate stratified random sampling method. An academic input would be derived from an article on the subject matter that would be reviewed, critique, and an academic opinion given. The study would conclude with various recommendations. The training for the human capital of Managerial positions resourced would be with financial and project management concepts for viable capital projects decisions, with a derived model for value for the sectors’ consideration.
Keywords: Project Management Models, Capital Budgeting, Project Benchmark
