June 2025 Edition

EVALUATING THE IMPACT OF PROJECT MANAGEMENT TECHNIQUES ON REAL ESTATE DEVELOPMENT IN SOUTH WEST NIGERIA

Oladele Waheed Olatunji

Abstract

Real estate development is a critical sector in Nigeria's economy, but it faces numerous challenges, including project delays, cost overruns, and quality issues. This study investigates the Impact of Project Management Techniques on Real Estate Development Programs in South-West Nigeria. The Structured questionnaire was administered on 126 respondents in real estate sectors. The results show that the adoption of project management techniques, such as Work Breakdown structures, PERT, CPM, Agile, and waterfall, significantly improves project outcomes, reduced project duration, cost savings, and enhanced quality. However, the study also reveals that the effectiveness of these techniques is influenced by factors such as project size, complexity, and stakeholder engagement. The study concludes that project management techniques can positively impact real estate development in Nigeria, but their adoption must be tailored to the specific project context. The findings have implications for real estate developers, policymakers, and project management professionals seeking to improve the efficiency and effectiveness of real estate development projects in the region.

Keywords

Project management techniques, Work Breakdown structures, Critical Path Method, Agle method, South-west.

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