Financial Resource Scheduling and Road Construction Projects Performance in Nairobi Metropolitan, Kenya

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Date
2024-05
Authors
Karuga, Simon
Mutuku, Morrisson
Sang, Paul
Journal Title
Journal ISSN
Volume Title
Publisher
IJRBS
Abstract
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 pillars 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
Description
Article
Keywords
Financial, Resources, Scheduling, Road, Project, Performance, Kenya
Citation
Rwamba, K., Mutuku, M., & Sang, P. (2024). Financial resource scheduling and road construction projects performance in Nairobi Metropolitan, Kenya. International Journal of Research in Business and Social Science (2147- 4478), 13(4), 223–229. https://doi.org/10.20525/ijrbs.v13i4.3345