COST CONTROL MEASURES AND PERFORMANCE OF DAM PROJECTS IN KIRINYAGA COUNTY, KENYA

Stanley Okore Awino, Dr. Annastacia Musembi, (Ph.D), PMP

Abstract


This research study aimed at investigating the effects of project cost control techniques on performance of dam projects in Kirinyaga County, Kenya. The specific objectives that were focused on are cost forecasting and cost tracking. These variables were grounded on the theory of project management and transaction cost theory. Through a comprehensive review of existing literature, this research study sought to provide valuable insights into the correlation between effective cost control strategies and the overall success of dam projects. The quantitative component of this study involved meticulous data collection from ongoing and completed dam projects in the region. Concurrently, the qualitative aspect of the research involved issuance of questionnaires to dam projects stakeholders e.g., site engineers, contactors and community representatives to glean insights into the subjective dimensions of project success. The target population for this study included all stakeholders involved in dam projects within Kirinyaga County, with the unit of analysis being the dam projects and the unit of observation comprising project managers, contractors, site engineers, and government officials. Using Yamane's formula, a sample of 125 stakeholders was selected for the study. A descriptive survey research design was employed, and data was collected using a structured questionnaire. This data was analyzed using the descriptive and inferential statistics. The study revealed that the two variables significantly positively impacted project performance, with coefficients of 0.316 (p = 0.001) for cost forecasting and 0.351 (p = 0.000) for cost tracking. The findings conclude that effective cost control practices enhance project outcomes by improving financial planning, resource allocation, monitoring, and optimization. Recommendations include the adoption of advanced forecasting tools and integrated tracking systems to further enhance project performance.

Keywords: Cost Forecasting, Cost Tracking, Performance, Dam Projects


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References


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