JOURNAL ARTICLETinaye Mahohoma
International Journal of Business Ecosystem & Strategy · 2024
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The study significantly enhances the current literature by highlighting the importance of financial management skills in the success of MSMEs, especially in the context of small construction firms functioning under unstable and uncertain economic conditions. It offers insights on how effective financial management can alleviate the negative impacts of economic uncertainty, including variable interest rates and regulatory modifications, which were intensified by the COVID-19 pandemic. This study concentrates on BCO Construction in Johannesburg, examining the distinct financial issues encountered by small construction firms and the potential solutions through improved financial management strategies. The research delineates numerous vital financial management competencies needed for project accomplishment. This encompasses the capacity to manage liquidity efficiently, sustain profitability, and utilize financial instruments such as Net Present Value (NPV) and Earned Value (EV) management. It emphasizes the significance of abilities in managing financial leverage, which can facilitate the attainment of project objectives within budgetary and temporal limitations. The findings indicate that the absence of trained financial personnel, ineffective payment systems, and liquidity issues are substantial obstacles for BCO Construction. Consequently, it is advisable to tackle these difficulties through specialized financial literacy and management training to enhance overall project performance. The study employs a quantitative methodology, including standardized questionnaires administered to eighty (80) participants to gather data regarding the problems and competencies required for financial management in building projects. The analysis conducted with SPSS version 29 indicates that enhancing communication channels, integrating strategic financial planning, and implementing thorough training programs are essential for aligning financial objectives with overarching corporate goals. This alignment is essential for optimizing resource allocation, guaranteeing financial stability, and improving competitiveness in the construction sector.
DOI 10.36096/ijbes.v6i6.5852 Crossref citations2 OpenAlex citations
JOURNAL ARTICLETinaye Mahohoma · Moffat Makumbi
International Journal of Business Ecosystem & Strategy · 2024
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This qualitative research investigates the influence of servant leadership on the execution of strategic government initiatives, with a particular emphasis on the Reconstruction and Development Programme (RDP) in Kwa-Thema. The project outcomes were investigated by collecting data from 10 participants using convenience sampling to investigate the impact of servant leadership traits, including empathy, commitment, empowerment, humility, ethical stewardship, long-term vision, and resilience. Thematic analysis was implemented to pinpoint critical themes and insights that were pertinent to the success and obstacles of the project. The research tackles a critical issue: project failures frequently result from inadequate leadership, which impedes team cohesion, collaboration, and overall performance (Swart et al., 2022). Additionally, the results suggest that servant leadership significantly improves project delivery by ensuring transparency, promoting collaboration, and aligning projects with community requirements. The impact of leadership on project achievement was discovered to be mediated by employee motivation and engagement. The study's limitations include its emphasis on a particular region and project type, which implies the necessity of conducting more extensive research. There are two recommendations: the integration of servant leadership principles into project management practices and the provision of targeted training for leaders to improve team dynamics and project outcomes.
DOI 10.36096/ijbes.v6i5.5890 Crossref citations0 OpenAlex citations
JOURNAL ARTICLEMonwabisi Siwakhile Xegwana · Michael Twum-Darko · Robertson K. Tengeh
International Journal of Research in Business and Social Science · 2024
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The South African construction sector is confronted by significant obstacles, particularly concerning cost overruns and project delays within the road construction sphere. This research sought to investigate the factors impacting cost and duration in road construction projects under the purview of a KwaZulu-Natal municipality. A qualitative research approach was adopted to explore this phenomenon. A sample size of 27 participants was selected from a population of 171 for in-depth semi-structured interviews. Critical determinants of cost overruns and delays were identified as ineffective communication, suboptimal procurement processes, deficient stakeholder management, and shortcomings in project execution and personnel capabilities. This study offers valuable insights into the relationship between cost, time, and the successful delivery of road projects within the local government context. By illuminating these factors, the research contributes to a deeper theoretical understanding, informs evidence-based policy development, and provides actionable recommendations for enhancing project management practices.
DOI 10.20525/ijrbs.v13i6.35551 Crossref citations1 OpenAlex citations
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