Effects of project budget deviations on company profitability

In recent years, with the further development of business life, solutions are being sought for increasingly complex problems. These issues include managing the projects that are increasing in number and size. Project management has become increasingly important in terms of the number of businesses or departments, the need for people to participate and collaborate, the division of work into interactions with each other, the identification and control of first-time jobs, and the completion of work at a specified time and cost. Project budgeting determines that which techniques and tools (monitoring forms, legislation, etc.) will be used in the project management process and how the project will be managed. In addition, project budgeting requires reporting of these records, thus provides the gain new information from each project. Project planning should be done primarily for the budgeting of the projects. Project planning is done by using the methods such as Gantt chart, CPM, PERT. The project which is planned with using one of these methods; is budgeted and put into practice furtherly. Companies that produce interior cabinets, experiences closure of the company due to mistakes in the offer of the project and their revisions during the execution. These are usually due to the lack of project budgeting and the cost analysis inaccurate. In this study, first existing literature about the project management and budgeting are exammed. Then it's aplied in a furniture company which operates in Adana to plan with CPM and MS Project programme and to determine budget deviations througtout the project from offering phase and identify critical control points. Keywords: Project Management, CPM, Project Budget Deviations, Profitability