Project Risk Management Strategies and Project Performance at the National Hospital Insurance Fund in Kenya
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Date
2018
Authors
Aduma, L. K.
Kimutai, G
Journal Title
Journal ISSN
Volume Title
Publisher
International Academic Journals
Abstract
Social health plans contributions are based
on members’ ability to pay but access to
services depends on individuals’ health
care needs, hence a socialized concept,
with emphasis on community spirit of
solidarity. However, these goals have not
been achieved yet according to a report by
NHIF the report delineates that access to
medical care has only been increased
amongst the middle class. The lower-class
individuals find it difficult to get quality
healthcare leading to proliferation of quack
doctors who are pocket-friendly to this
category. Projects by the NHIF have
improved the medical services in the
country but the risk exposures have limited
these project’s scope and efficiency. The
purpose of the study was to establish the
effect of project risk management
techniques on project performance at
National Hospital Insurance Fund (NHIF)
in Kenya. The objective of the study was
to establish the effect of project risk
prevention, risk transfer, risk control and
risk acceptance management techniques on
project performance at National Hospital
Insurance Fund (NHIF) in Kenya. This
study was hinged on the resource-based
view theory, transaction cost economic
theory, contingency theory, agency theory
and uncertainty theory. The study adopted
a descriptive research design. The target
population for this study will be 651
management staff who were drawn from
the following departments: finance, Health
insurance and legal affairs, Public
procurement, human resources,
Pharmaceuticals and logistics since all
their functions are centralized. A sample
population of 241 was picked using
stratified proportionate random sampling
technique. Primary data was obtained
using self-administered questionnaires.
After data cleaning which entailed
checking for errors in entry, descriptive
statistics such as frequencies, percentages,
mean score and standard deviation was
estimated for all the quantitative variables
and information presented inform of tables
and graphs. Inferential data analysis was
done using Pearson correlation coefficient
and regression analysis (multiple
regression analysis) to establish the
relations between the independent and
dependent variables. The study concluded
that risk preventions have the greatest
effect on NHIF project performance
followed by risk control then risk
acceptance while risk transfer having the
least effect on NHIF project performance.
The study recommends that more research
should be dedicated to the field of risk
management in order to unearth even some
more methods of risk management that can
be influential in terms of helping project
managers meet the deliverables that are
desired within the set time and budget
limits and that the management of NHIF
should put in place cost-effective measures
for timely risk identification and effective
risk mitigation.
Description
A research article published in International Academic Journal of Information Sciences and Project Management
Keywords
Project risk management strategies, Project performance, National Hospital Insurance Fund, Kenya
Citation
Aduma, L. K. & Kimutai, G. (2018). Project risk management strategies and project performance at the National Hospital Insurance Fund in Kenya. International Academic Journal of Information Sciences and Project Management, 3(2), 80-110