JOURNAL ARTICLEKaruga Rwamba · Morrisson Mutuku · Paul Sang
International Journal of Research in Business and Social Science · 2024
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Kenya has seen a boom in road building during the last couple of years as a result of the government's significant investments in the construction industry to upgrade infrastructure, such as road networks. Road network construction is one of the key pillar of the country long term vision 2030. However, the performance of the road projects has experienced various challenges leaving some roads uncompleted, others poorly done after huge investment of public resources. This study sought to evaluate the influence of financial resources scheduling on the performance of road construction projects in Nairobi Metropolitan, Kenya. The research was based on resource dependence theory. A descriptive design as well as the cross-sectional survey was used. The population of interest for this study consisted of 39 road construction projects being implemented by Kenya Urban Roads Authority and Kenya National Highway Authority within the Nairobi metropolitan area. A semi structured questionnaire was utilized to collect primary data. The quantitative data was analyzed using descriptive and inferential statistics. The study results revealed projects resource scheduling had a positive and significant effect on project performance of road construction projects in Nairobi Metropolitan, Kenya. The study concludes that effective financial resource scheduling enables that organization to manage risk that may occur from changes in the project’s outcome. Financial resource scheduling starts from developing the project budget which is a process for allocating administered and departmental funds necessary to build a financial foundation for producing stated project deliverables.
DOI 10.20525/ijrbs.v13i4.33450 Crossref citations1 OpenAlex citations
JOURNAL ARTICLEInviolata Khisa · Morrisson Kaunda Mutuku
International Journal of Research in Business and Social Science · 2023
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This paper aims to examine the effect of selected factors that link to completion of NSSF construction projects and how they are influenced by the various critical factors. The main objective was to establish the critical success factors and their effects on performance of construction projects. Four theories namely Game theory, Principal-Agent theory, Construction Management, and Soft Value Management (SVM) theory served as the foundation for this research. Descriptive research design was employed for data collection, analysis, presentation and interpretation.The target population was 512 stakeholders from six complete commercial and residential projects. Purposive sampling was used to select 84 participants for the study. Semi-structured questionnaires were used in the study to collect data. The data was analyzed using SPSS whereby descriptive and inferential statistics were used. The results show that the R-square value was 0.282 and R was 0.531. An analysis of variance (ANOVA) was significant at p=0.001 with an F statistic of 9.961 indicating that the model used was fit for the data. The data also revealed that client variations (p= 0.05), financial availability (p = 0.047), and construction disputes (p = 0.001) are statistically significant determinants affecting the performance of NSSF construction projects. The main findings of the study demonstrate that the key critical success factors used in this study affected the performance of NSSF-completed construction projects either positively or negatively. The study recommends that companies should adhere to the principles that safeguard project management to adequately manage the critical factors and ultimately minimize project delays.
DOI 10.20525/ijrbs.v12i5.26581 Crossref citations2 OpenAlex citations
JOURNAL ARTICLESusan Kamau · Paul Omato Gesimba · David Gichuhi
International Journal of Research in Business and Social Science · 2022
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Project cost control aims at controlling changes to the project budgeted cost in the contract document. Available data shows that the area of project management is riddled with project failure and cost overruns. This study sought to establish the influence of cost control on the realization of NG-CDF projects in Kikuyu Constituency, Kiambu County, Kenya. A descriptive cross-sectional survey design was adopted for this study. National Government Constituencies Development Fund projects in Kikuyu Constituency were the unit of observation, while members of the project management committees were the unit of analysis. A sample of 259 respondents was used. A structured questionnaire was used to collect data. Descriptive and chi-square analyses were used to analyze data with the help of SPSS. The majority (62.9%) of the respondents indicated that the project they were involved in was incomplete. Slightly half (58.5%) of the respondents indicated that the project was not on a budget. Results showed that 37.5% of the respondents cited inadequate money, 35.5% cited disbursement challenges, and 31.5% indicated price fluctuations as challenges experienced in the cost control of the projects. There was a significant relationship (p=0.021) between cost control on the realization of NG-CDF projects in Kikuyu Constituency, Kiambu County, Kenya. The study concluded that cost control influences the realization of NG-CDF projects in Kikuyu Constituency, Kiambu County, Kenya. There is a need for CDF committees to conduct research for products and services needed in the planning stages of NGCDF projects. This will enable better cost control which ultimately leads to higher project realization.
DOI 10.20525/ijrbs.v11i7.20990 Crossref citations1 OpenAlex citations
JOURNAL ARTICLEOlive Gitau · Paul Sang
International Journal of Research in Business and Social Science · 2022
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This paper aims to evaluate the sustainable project risk and stakeholder management for pension funds projects’ performance in Kenya. This paper highlights that current project management practices of Kenyan Pension Funds do not always ensure project success that secures desired market returns on these investments. The main problem with projects management practices being mentioned as planning, project implementation, cost and time overruns and quality achievement. As the pension schemes are also expected to continue to invest in alternative assets given the broadening of the allowable investment categories and to take advantage of the public infrastructural projects under the big four agenda (RBA, 2021), it becomes paramount to identify and implement sustainable project management practices for performance of the pension funds projects. The outcome of this paper showed that integration of risk management and stakeholder management practice was one of the key project management practices that would contribute towards pension funds projects' performance.
DOI 10.20525/ijrbs.v11i1.15352 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEAmolo Elvis Juma Amolo · Charles Mallans Rambo · Charles Misiko Wafula
International Journal of Research in Business and Social Science · 2021
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This paper aims (i) to establish the extent to which alternative risk transfer influence the performance of hydroelectric energy projects in Kenya, (ii) to examine how Contingent capital influence the performance of hydroelectric energy projects in Kenya, (iii) to To assess the extent to which Credit enhancement influence performance of hydroelectric energy projects in Kenya, (iv) to determine the extent to which Hedging derivatives influence performance of hydroelectric energy projects in Kenya, (v) to examine how Insurance influence performance of hydroelectric energy projects in Kenya. The study adopted the pragmatism paradigm, mixed-method approach, and descriptive correlational survey design while questionnaires and interview guide were used to collect quantitative and qualitative data from a census of 94 participants. This study recommends that project management and policymakers should integrate appropriate financial risk management instruments to improve the performance of hydroelectric energy projects besides developing targeted policies for strengthening the implementation of the financial risk management instruments to boost investors and lenders confidence
DOI 10.20525/ijrbs.v10i4.12100 Crossref citations0 OpenAlex citations
JOURNAL ARTICLEPamela Akinyi Oyieyo · Charles M Rambo · Anne Ndiritu
International Journal of Research in Business and Social Science · 2020
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The purpose of the study was to identify and rank the prevalence and severity of risk factors construction cost overrun in Public-Private Partnership projects using a case study of Sondu-Miriu Hydroelectric Power Project in Kisumu County, Kenya. This study adopted a descriptive design and collected quantitative data analysed quantitatively using descriptive statistics. In total, 85 persons were identified to have taken part in the management and implementation of the study from whom a sample size of 71 participants was obtained. Questionnaires were emailed to the participants providing details of the study and requesting their participation. The study ranked the risk factors based on prevalence and severity from most prevalently severe to least prevalently severe as design changes, emerging tasks affecting delivery, construction task breakdown structure, design variations and failure of contractors to complete different tasks. Thus, stakeholders should participate fully in the project from design to avoid design changes leading to cost overrun. During implementation, the contractor and construction manager should device mechanisms to anticipate changes in the political environment as such changes determines government policies and decisions affecting the project funding, design and scope.
DOI 10.20525/ijrbs.v9i5.8632 Crossref citations4 OpenAlex citations