Project Risk Management and Project Success of Rice Production in Rwanda; A Case of Rice Cooperatives of Bugesera District (2019-2022)

Authors

  • Silas MBONIGABA University of Kigali, Rwanda
  • Dr. Richard KABANDA University of Kigali, Rwanda

DOI:

https://doi.org/10.53819/81018102t2400

Abstract

The study investigated the effect of project risk management on success of rice production in Rwanda in a case of Rice Cooperatives of Bugesera District. This research achieved the following objectives : To determine the effect of risk identification on rice project success in Bugesera district ; to assess the effect of crop insurance on rice project success in Bugesera district; to analyze the effect of livestock insurance on rice project success in Bugesera district and to establish the effect of investment cost insurance on rice project success in Bugesera district. The study utilized a case study method to investigate project risk management and rice production success in Rwanda, employing both descriptive survey and correlation designs to analyze characteristics and interpret data respectively. Both quantitative (questionnaires) and qualitative (interviews) methods were used for data collection and analysis. The study targeted a total population of 162 employees from cooperatives in the Bugesera district, using a census inquiry method for sampling where the entire population served as the sample size. Data collection involved both primary and secondary sources, and data analysis was performed using SPSS and Excel to generate summary statistics, frequency tables, charts, and regression coefficients to clearly present the findings. Multiple regression analysis was also conducted to delve deeper into the data. The results indicated that project risk management have positive and significant effect on project success of rice production (β1= 0.376, t= 3.514, p = 0.002<0.05; β2= 0.243, t=2.382, p =0.023<0.05; β3= 0.267, t= 0.317, p = 0.003<0.05; β4= 0.29, t= 4.83, p = 0.29<0.05), respectively. This shows that 1 per cent increase in project risk management will lead to 0.376, 0.243, 0.267 and 0.29 percent increase on project success of rice production. The study found that all hypotheses tested were rejected, indicating that there is a significant effect of risk identification, crop insurance, livestock insurance, and investment cost insurance on the success of rice projects in Bugesera district. The study concludes that agricultural insurance has low effectiveness as a risk management tool in Rwanda, due to factors such as lack of knowledge, high premium costs, and insufficient number of potential client farmers. In addition, it is concluded that Rwanda's agricultural sector is highly exposed to weather risks, with most farmers practicing rainfed agriculture. The study recommends that joint efforts are required to increase the effectiveness of agricultural insurance as a risk management tool. This includes strengthening public education and training in agricultural insurance, addressing problems that prevent registration, and introducing insurance as a subject in secondary school.

Author Biographies

Silas MBONIGABA , University of Kigali, Rwanda

Master of Business Administration in Project Management at the University of Kigali

Dr. Richard KABANDA, University of Kigali, Rwanda

Lecturer, University of Kigali

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Published

2024-05-13

How to Cite

MBONIGABA , S., & KABANDA, R. (2024). Project Risk Management and Project Success of Rice Production in Rwanda; A Case of Rice Cooperatives of Bugesera District (2019-2022). Journal of Entrepreneurship & Project Management, 8(5), 81–98. https://doi.org/10.53819/81018102t2400

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