PROJECT PLANNING AND ORGANISATIONAL EFFICIENCY OF REAL ESTATE FIRMS IN RIVERS STATE

Abstract

This study examined the relationship between project planning and organisational efficiency of real estate companies in Rivers State. The study was operationalized by project planning as the predictor variable with dimensions of time management, budgeting, resource allocation while the criterion variable was organisational efficiency with measures of affective, normative and work quality. The research design adopted for this study was cross-sectional survey research design. The population of the study constitute 66 respondents from 22 real estate firms in Rivers State. The sample size of the study was 66 respondents adapting the census method. The study used structured questionnaire as a source of data collection. The Cronbach's Alpha indicates a reliability index of .896 indicating that the instrument was reliable. The bivariate analysis, in which all previously hypothetical statements of bivariate relations was tested using Spearman’s rank Order correlation Statistics All analysis for this study was be carried out using the Statistical Package for the Social Sciences (SPSS) version 22.0. The study revealed that there is a significant relationship between dimensions of project planning and measures of organisational efficiency of real estate firms in Rivers State. The findings indicate that effective project planning significantly enhance organisational efficiency within real estate firms.. The study concludes that there is a positive correlation between project management and higher levels of organisational efficiency. The study recommends that real estate firms in Rivers State should adopt structured time management tools, such as project planning software and daily task prioritization frameworks, to improve the alignment of activities with organizational goals, real estate firms should integrate flexible budgeting strategies, such as rolling budgets, to allow quick adjustments to changing business conditions and improve their overall adaptability. And real estate firms should allocate resources based on the specific quality requirements of each project, ensuring consistent adherence to quality standards.