Budgetary controls and performance of selected construction Companies in Kampala, Uganda
Loading...
Date
2017-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University
Abstract
The study investigated budgetary controls and performance of selected construction
companies in Kampala, Uganda, it was guided by the following objectives which
included determining the effect of monitoring on performance, to identify the effect of
evaluation on performance, and to establish the effect of Planning on performance. The
study used a cross-sectional research design and a descriptive correlational design. The
researcher used a study population of 259 respondents are chosen from the leadership
structure and directly mandated to manage budgetary controls in the selected
construction companies in Uganda Due to limited time and resources, a sample size of
(157 respondents) were selected from the study population of (259) respondents. The
sample size was determined using the Slovene’s formula; the study made the following
findings monitoring structure has a significant effect on performance since the p-value
0.04 was less than the significance level (0.05) and the correlation coefficient was
notably high (0.76) rendering the effect between monitoring structure and performance
to be a strong one. The findings above revealed that budgetary control s has a
significant effect on performance since the p-value 0.04 was less than the significance
level (0.05) and the correlation coefficient was notably high (0.76) rendering the effect
between budgetary and performance to be a strong one. Therefore “budgetary
controls have a significant effect on performance in selected construction companies in
Uganda.” The study made the following conclusions Budgetary control is a system
which uses budgets as means of planning and controlling all aspects of producing/or
selling commodities and services. Budgetary control of sales and costs is obtained
through executive action, guided by the monthly comparisons of actual and the planned
results. Budgeting is merely a part of budgetary control which involves the preparation
of budgets. There was poor adherence to proper physical planning and development
control and service standards; poor mobilization; consultation; mobilization and
sustainability; poor decisions making; weak laws are among things that affect effective
and efficiency performance of monitoring in selected construction companies in Uganda.
The study made the following recommendations the importance of budgetary control
can never be over emphasized. Thus, for survival of any organization, management
viii
needs to embark on budget to effect proper planning and control. Seek information
mainly from key officers involved in the preparation of the organizations budget.
Planning is an important role of budgeting for attaining the expected quality and
standards in planning control and leadership and staffing.
Description
A research report submitted to the college of economics and management in partial fulfillment of the requirements for the award of a master’s degree of business administration of Kampala International University
Keywords
Budgetary controls, Performance, Construction Companies