Effect of Financial Resources Management on Project Success in Rwanda; Case of Green Gicumbi Project
DOI:
https://doi.org/10.53819/81018102t2402Abstract
The main objective of this study was to assess the effect of financial control on success of Green Gicumbi Project, to assess the effect of assets management on success of Green Gicumbi Project, and to assess the effect of financial planning on success of Green Gicumbi Project in Gicumbi District. Descriptive research design was used within this study, and the study population comprised 142 various stakeholders working on the Climate resilient settlements components of the GGP in different categories from the community, public sector and private sector. Using universal sampling technique, a sample size of 142 respondents was established. The researcher used a closed end questionnaire for data collection, and a response rate of 87.2% (124 respondents) was obtained. Correlation analysis and multiple regression was utilized to assess the data and results generalized for the entire population. To compute and analyze the data in this study, the SPSS version 27 will be used. The results of correlation analysis showed that there is a positive high and significant relationship between Financial control and project success ((r=0.756 and sig=.000<0.01). The results of correlation analysis proved that there is a positive moderate and significant relationship between financial implementation and project success (r=0.672 and sig=0.00<0.01). Correlation analysis revealed that there is a positive and significant relationship between Financial control and project success (r=0.698 and sig=0.00<0.01). The multiple regressions proved that73.3% of variation in project success in GGP was due to changes in financial resource management. The overall model was significant shown by F statistic of 128.521 and p-value calculated =0.000 is less than Critical p-value =0.01 level of significant. The study concluded that there is significant and positive relationship between financial resource management and project success. All null hypotheses were rejected at 0.5 level of significance due to the fact that the results indicated that there is positive and significant effect between variables. The study recommends that GGP may determine a clear calendar which determine when assets are acquired and used in order to allow all stakeholders to be aware of the availability of assets.
Keywords: Financial Control, Assets Management, Financial Planning, and Success.
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