Influence of Risk Assessment on Performance of SME Projects in Machakos County, Kenya

Mbuva, Peninnah M; Rambo, Charles M.; Oketch, Timothy George

doi:10.19044/esj.2018.v14n19p181

Cited by 7 publications

(4 citation statements)

References 7 publications

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“…Therefore, stakeholder involvement positively affected DT Saccos' performance. The results agree with Mbuva, Rambo and Oketch (2018) who reported a positive linkage between organizational structure and organizational performance. However, the findings differed with those of Katusiime et al, (2018) who found that control environment did not significantly improve financial success.…”

Section: Research Findingssupporting

confidence: 91%

Corporate Governance Practices and Performance of Deposit Taking Sacco's in Nairobi City County Kenya

Kihara,

Bett

2023

ijbmed

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Good performance of SACCOs is a key ingredient for its continuous existence and sustainability. The financial intermediation function carried out by SACCOs is dependent on how well they perform. Over the years, there have been various concerns by policy makers and academician over the SACCOs' dismal performance in Kenya. Despite the various corporate governance initiatives and measures implemented by important organizations such as the Centre for Company Governance, the issue of firm corporate governance remains unresolved, despite the involvement of the Capital Markets Authority and SASRA. The aim of this research is to determine how the performance of deposit taking SACCOs in Nairobi is influenced by corporate governance. The research focused on how stakeholder involvement, board composition, organizational structure, and control environment affect Nairobi-based deposit-taking SACCOs’ performance. The study's base was stakeholder, agency, stewardship, and resource dependence theory. The study employed a descriptive design. A census approach was used whereby all the deposit taking SACCOs in Nairobi were included in the study. The target population was 47 CEOs, 47 Sacco officers, 47 heads of finance and 47 heads of credit department. Data was gathered using structured questionnaire. In this research, to evaluate the construct and content validity, the researcher did a pilot test. Both descriptive and multiple regression analysis were used to examine the data. The findings showed that corporate governance factors (board composition, organization structure, control environment and stakeholder involvement) had a correlation coefficient (R) of 0.691 with an R squared of 0.477. From the ANOVA table corporate governance had a significant effect on performance of DT Saccos (F=28.513; p= 0.000). From the regression, corporate governance (board composition, organization structure, control environment and stakeholder involvement) had a positive effect on performance of DT Saccos. This study concludes that corporate governance (board composition, organization structure, control environment and stakeholder involvement) has a positive effect on performance of DT Saccos in Nairobi, Kenya. The study recommends that management of DT Saccos improve their corporate governance for increased performance levels. There is need for similar research based on other factors influencing performance, other measures of the variables, other Saccos & institutions as well as adopting secondary data.

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Section: Research Findingssupporting

confidence: 91%

Corporate Governance Practices and Performance of Deposit Taking Sacco's in Nairobi City County Kenya

Kihara,

Bett

2023

ijbmed

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“…The study established that there existed a positive relationship between risk management strategies affecting project performance and ICT project performance for SMEs in Kenya and were statistically significant at0.05level. Mbuva, Rambo and Oketch (2018) study was to determine the extent to which risk assessment influence performance of SME projects in Machakos County. Study used multiple regressions model against a sample size of 265 selected from a population of 5311 small and medium enterprise projects in Machakos County using stratified and convenience sampling approach as guided by the Yamane (1967) formula.…”

Section: Empirical Reviewmentioning

confidence: 99%

Effect of Project Risk Management Processes on Performance of Borehole Projects in Mombasa County, Kenya

NYARANGI,

OGOLLA,

KITHEKA (PhD)

2021

strategicjournals.com

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The general objective of the study was to establish the effect of risk management processes on performance of borehole projects in Mombasa County, Kenya. Descriptive research design was used. The study focused on 146 borehole projects in Mombasa County, Kenya, undertaken from 2013 to 2018 and focusing on two key units of respondents per each project comprising of project manager and one end user representative per project. The study population was 182 respondents (project managers, clients and contractors). Stratified random sampling techniques was adopted. Structured questionnaires were used to collect primary data from the targeted respondents. Quantitative data was analyzed by use of both inferential and descriptive statistics with the help of statistical software known as Statistical Package for Social Sciences (SPSS version 25). The study found out that there was a positive and significant relationship between project risk identification and performance of borehole projects in Mombasa County, Kenya. There was a positive and significant relationship between project risk evaluation and performance of borehole water supply construction projects in Mombasa County, Kenya. Also There was a positive and significant relationship between project risk handling and performance of borehole projects in Mombasa County, Kenya. Lastly, there was a positive and significant relationship between project risk control and performance of borehole projects in Mombasa County, Kenya. Based on the findings, the study concluded that risk identification, risk evaluation, risk handling and risk control have a positive and significant effect on the performance of borehole projects in Mombasa County, Kenya. The study recommended that project managers should embrace the use of risk identification because it assists the management to develop risk management strategy to allocate resources efficiently, organizations should adopt project's accounting control practices such as risk based auditing, projects should transfer risks through diversification and hedging and lastly, many project policies, although popular should be avoided, but avoiding risks also means losing out on the potential gain that accepting (retaining) the risk may have allowed.

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“…The reasons for the high failure rate of construction SMEs are numerous and diverse. Some studies (Rambo & Oketch, 2018;Leboea, 2017) mention compliance with legislation, resource scarcity, rapidly changing technology, lack of management skills, and lack of management commitment. Others (Rungani & Potgieter, 2018;Muzondo & McCutcheon, 2018) highlight factors such as managerial incompetence, lack of managerial experience, inadequate planning, and poor financial control.…”

Section: Construction Smes In South Africamentioning

confidence: 99%

Correlation analysis between risk measurement and project success of small and medium contractors in Gauteng, South Africa

Renault

Agumba²,

Ansary³

2020

JCBM

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Risk measurement (RM) and construction project success (PS) are closely related. Preceding studies highlight the importance of RM in the management of risks without revealing its effect on PS. This study aims to determine the influence of RM on the PS of small and medium enterprises (SMEs). A positivist research design was applied using a survey questionnaire circulated to 181 respondents in Gauteng, South Africa (SA). Raw data analysed using inferential statistics extracted one-component solution and evinced statistical significance (p=0.000<0.05) between RM and PS. In particular, results revealed that RM significantly influences PS of construction SMEs through delimiting the RM criteria to be adopted, establishing the level of acceptable risk and risk timeframe relevant to risk effect and risk likelihood. It is suggested that the management of SMEs and industry professionals involved in risk management should adopt RM for the management of their project risks to accomplish project objectives effectively. The study renders new empirical evidence of risk management factors that influence PS of SMEs in the context of SA. It remains to be seen whether the current finding could be replicated in other datasets. If indeed that is the case, then this article expands to the discourse and literature on RM of SMEs. However, the current findings cannot be generalised due to the restrictions pertaining to the geographical area and respondents. Keywords: Contractors, Correlation analysis, Factor analysis, Project success, Risk measurement.

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Influence of Risk Assessment on Performance of SME Projects in Machakos County, Kenya

Cited by 7 publications

References 7 publications

Corporate Governance Practices and Performance of Deposit Taking Sacco's in Nairobi City County Kenya

Corporate Governance Practices and Performance of Deposit Taking Sacco's in Nairobi City County Kenya

Effect of Project Risk Management Processes on Performance of Borehole Projects in Mombasa County, Kenya

Correlation analysis between risk measurement and project success of small and medium contractors in Gauteng, South Africa

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