Project Planning Practices and Performance of Pension Funds Project in Rwanda: A Case of Housing Projects Constructed by Rwanda Social Security Board (RSSB)
DOI:
https://doi.org/10.53819/81018102t5205Abstract
The general objective of this study was to examine the effect of investment strategies on the performance of pension fund projects, specifically focusing on project planning practices and the performance of housing projects constructed by Rwanda Social Security Board (RSSB). The study was anchored in systems theory of change, agency theory, the theory of planning, and stewardship theory, which were linked to the study variables. Both descriptive and correlational research designs were employed to establish an effective sample size for the research variables. The target population consisted of 148 individuals, and a sample size of 109 respondents was determined using the Yamane formula. Simple random and purposive sampling methods were used for recruitment. To ensure the validity and reliability of the data, this study utilized primary data obtained through pilot-tested questionnaires. The collected data was analyzed using descriptive statistics and inferential statistics. SPSS software was utilized for data analysis. The results for the first objective indicated that 56 (53.8%) respondents accepted that RSSB has an adequate number of personnel. Additionally, 60.6% agreed on the effectiveness of the training programs, and 78.8% agreed on the cost of human resource utilization. Results for the second objective showed that 65.7% strongly agreed that RSSB has an approved budget, and 73.1% agreed with forecasted expenses. The third objective's findings revealed that 68.3% agreed with order placement, 76.0% agreed with the availability of the right materials, and 64.4% agreed with project scope. Positive correlations were found between order placement and project quality management (r=0.711, p-value=0.000), time management (r=0.701, p-value=0.00), and cost management (r=0.885, p-value=0.000). Regarding the fourth objective, positive correlations were observed between project time targets and project quality management (r=0.798, p-value=0.000), time management (r=0.793, p-value=0.00), and cost management (r=0.740, p-value=0.000). Results for the project implementation stage indicated a positive association with project quality management (r=0.425, p-value=0.000), time management (r=0.450, p-value=0.000), and cost management (r=0.267, p-value=0.00). Based on the findings, the study recommends that senior staff establish effective project planning practices by involving all stakeholders in the planning process. It is also recommended that RSSB staff members improve project team management to enhance the performance of house construction projects undertaken by RSSB. Future research should be conducted on project implementation practices in different sectors of study.
Keywords: Human resource planning, financial resource planning, material usage planning, time management, performance, housing projects, Rwanda Social Security Board (RSSB)
References
Abu -Hanieh, A. Hasan, A. AbdElall, S. & Krajnik, P. (2013). The role of resource efficiency in engineering education 11th Global conference on sustainable manufacturing. Technische Universität Berlin, Germany.
Adera, O. B. (2013). Influence of organizational project maturity practices on performance of state corporations. A case of South Nyanza Sugar Company limited. Doctoral dissertation, University of Nairobi. Nairobi, Kenya.
African Development Fund. (2011). Livestock Infrastructure Support Program in Africa. Appraisal Report. African Development Fund. Tunis
Alabi, F., David, J., & Aderinto, O. (2019). The impact of government policies on business growth of SMEs in South Western Nigeria. International Journal of Management Studies and Social Science Research, 1(2), 1-14.
Antvik, A.O, Sjöholm, K.F, (2010). Identification and Evaluation of Factors Influencing Project Success. Cambridge University Press.
Bidabad, B., & Allahyarifard, M. (2019). Assets and liabilities management in Islamic banking. International Journal of Islamic Banking and Finance Research, 3(2), 32-43.
Bourne, L. & Walker, D. H. T. (2016). Visualizing and mapping stakeholder influence. Journal of Management decision 43(5):649-660
Bushbait, A. A. & Cunningham, M. J. (2012). Comparison of Delay Analysis Methodologies. Journal of Construction Engineering and Management, 4(2), 315-322
Government of Rwanda. (2011). Girinka_Government of Rwanda Annual Report_2010-2011.Kigali. Rwanda
Guoli, White, Diana & Fortune (2010), “Current practice in project management – An empirical study”, International Journal of Project Management, Vol.20, Issue 1, pp.1 – 11
Hill, A. H. (2012). Manufacturing Operations Strategy, . Basingstoke: 3rd ed. (: ) Palgrave MacMillan.
Königová, M., Urbancová, H. & Fejfar, J. (2012). Identification of Managerial Competencies in Knowledge-based Organizations. Journal of Competitiveness, 4 (1), 29-142.
Muli, A. M., & Jagongo, A. (2019). Investment strategies, Density of Contributions and financial performance of defined contribution schemes in Kenya: Theoretical review. International Academic Journal of Economics and Finance, 3(3), 253-265.
Nyandika, O. F., & Ngugi, K. (2014). Influence of Stakeholders' Participation on Performance of Road Projects at Kenya National Highways Authority. European Journal of Business Management, 1(11), 384-404.
Ofori, D. (2013). Project Management Practices and Critical Success Factors–A Developing Country Perspective. International Journal of Business and Management, 8 (21), 14 - 31.
Pitts, V. E. Wright, N. A., & Harkabus, L.C. (2012). Communication in Virtual Teams: The Role of Emotional Intelligence. Journal of Organizational Psychology, 12(3/4), 21-34.
Roll, S. & Jean, E. (2014). Financially Vulnerable Families and the Child Care Cliff Effect. Poverty Journal, (9), 169-187.
Ruuska, K. (2016). Project Communication. “IPMA 96” World Congress on Project Management: Paris, France Ic8
Rwanda Agricultural Board. (2013). The One Cow per Poor Family Program (Girinka) in Rwanda, Kigali. Retrieved from https:// rab.gov.rw/index.php? id
Rwanda Agricultural Board. (2013, June 1). Girinka Program. Retrieved, from www.rab.gov.rw: www.rab.gov.rw/girinka program, on 23/September 2020
Turner, J. R., & Muller, R. (2015). The Project Manager's Leadership Style as a Success Factor on Projects: A Literature Review. Project Management Journal, 36(2), 49 - 61.
Vicent, K. & Denis,R. (2014). Women’s Perceptions, Poverty Alleviation and Climate Resilience in Rwanda. Journal of Empowering Women for Gender Equity, 1(8), 53-64.
Wambua, M. M. (2013). Effects of Human Resource Factors on Project Performance in Nairobi County in Kenya: A Case of Selected Organizations in Wetlands (Doctoral Dissertation, Kenyatta University).
Williams, S. E. (2014). Human Capacity Building in Manufacturing Sector: A Factor to Industrial Growth in Nigeria. International Journal of Social, Management, Economics and Business Engineering, 8 (3), 849-854.
Zhang H. & Xing F., (2010). Fuzzy-multi-objective particle swarm optimization for time-cost-quality tradeoff in construction. Automation in Construction. Amercian Journal of Social Protection Services.19 (8)10-67
