Impact of Project Fund Management on Timely Completion of Projects funded by Khwisero National Government Constituency Development Fund, Kakamega County, Kenya.

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Misiko S. B Mukanzi C

Abstract

Timely completion of projects is a key component for measuring the success of many development projects in Kenya where the
timely completion of constituency development projects has been a big issue. Many project management practices have been thus
shown to impede timely completion of many constituency development projects funded by the national government, but recent
constituency development project reports in Kenya point at project fund management as the perennial cause of project failures.
The main objective of the study was therefore to investigate the influence of project fund management on timely completion of
projects financed by Khwisero National Government Constituency Development Fund in Kakamega County, Kenya. The study
was guided by stakeholder theory and theory of constraints. Descriptive survey research design was adopted and primary data
was collected using structured questionnaires. The study targeted 200 project management committee members from which a
sample of 133 respondents was drawn. A pilot test was carried out to test validity and reliability of data collection instruments.
Data analysis was done using Statistical Package of Social Sciences (SPSS Version 24) where descriptive and inferential
statistics were computed and results presented in form of tables. A total of 95 out of 133 sampled respondents returned dully-
filled questionnaires representing a response rate of 71.4% hence good for generalizability of results to a wider population. Both
descriptive and inferential statistics showed that project fund management significantly influenced timely completion of
constituency development projects financed by Khwisero National Government Constituency Development Fund in Kakamega
County, Kenya. The study concluded that having an effective project accounting strategy that focuses on effective and efficient
management of assets and total cash budgeted for constituency development projects enhances timely completion of constituency
development projects. The study recommends that project management officers involved in project oversight functions should
have viable project accounting strategies focusing on effective and efficient management of assets and all finances meant for
constituency development projects so as to enhance continuous and sufficient cash flow for specific constituency development
projects in order to meet the appropriate expenditures incurred at the course of those projects; which then will ensure timely
completion of selected constituency development projects.

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