Project Management Practices and Performance of Financial Technology Projects in Nairobi, Kenya
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Date
2022Author
Kariuki, Madrine N
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
The researchers in this study set out to answer the question, "How do project management methods
in Nairobi, Kenya's financial technology firms affect the success of individual projects?" This
study's objectives were to determine the impact of project planning, labor management, resource
allocation, and monitoring on the success of projects at financial technology firms in Nairobi,
Kenya; to establish the impact of project planning; to assess the impact of labor management; to
determine the impact of resource allocation; and to determine the impact of monitoring on the
success of projects. Theories of project management's essential tenets, such as the theory of
limitations and the resource-based approach, will serve as our guides. A total of 214 high-ranking
officials, project managers, and business development managers from 91 Kenyan fintech firms
were surveyed. The selection process consisted of using a straightforward random sampling
procedure, which means that the 139 individuals who made up the sample are statistically
representative of the whole population as a whole. For the purposes of this investigation,
questionnaires served as the main instrument for data collection. We were able to get the numerical
data necessary for analysis by restricting the questions to those requiring just brief responses. In
addition, the data were encoded via the use of a system that consisted of signs, symbols, and
numerical representations. SPSS, which stands for the Statistical Product for the Social Sciences,
was used to do the analysis on the data. From the information that we have gathered, was able to
construct descriptive statistics such as frequency distributions and percentages, as well as measures
of central tendency such as means and standard deviations. A method known as "thematic analysis"
is a process that may be used to derive significant themes from vast volumes of qualitative data.
Inferential statistics such as regression analysis, correlation analysis, and analysis of variance were
used by the researcher so that she could get a deeper comprehension of the interplay that occurs
between the dependent and independent variables. Financial technology initiatives in Nairobi,
Kenya, were shown to benefit from better project management approaches, according to the
research. In addition, there is some evidence that indicates that labor management has an impact
on the success of financial technology initiatives with a composite mean of 3.69.Labour
management affect performance of financial technology projects to modest level with a composite
average score of 3.74.There is a modest correlation between how well resource management is
handled with a composite average score of 3.85 and how well financial technology initiatives turn
out. Financial technology initiatives benefit from close monitoring and review to a reasonable
degree with a composite average score of 3.79.Consequently, the research suggests that businesses
institute measures to encourage employee involvement in the planning stages of projects. Financial
technology companies may improve their completion rates by improving the sequencing and
scheduling of project activities that are tied to the final product.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- Faculty of Arts [631]
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