Financial Management and Sustainability of Educational Projects in Bosaso District, Puntland Somalia
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Date
2014-10
Authors
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Journal ISSN
Volume Title
Publisher
Kampala International University, Colleges of humanities and social sciences
Abstract
This study carried out an investigation on financial management and sustainability of
educational projects in Bosaso, Puntland, Somalia. The objectives of the study were 1)
To examine the financial management practices in Bosaso, Puntland, Somalia 2) To
determine the sustainability of educational projects in Bosaso, Puntland, Somalia and 3)
To determine the relationship between financial management and sustainability of
educational projects in Bosaso, Puntland Somalia. The study employed descriptive
correlation study design which involved a quantitative approach. With regards to this
method, the researcher used structured questionnaires and an interview guide.Out of a
target population of 170, 119 respondents were identified as the sample size by use of
the Slovene’s formula. Systematic random sampling was used to identify the
respondents to take part in the study. Analysis entailed frequencies, percentages,
means, standard deviation, t-statistic and ranks. Findings suggested that financial
management practices were low. The sustainability of educational projects was also
found to be low. It was also established that there was indeed a relationship between
financial management and sustainability of educational projects which stood at 0.627 on
the Pearson Correlation scale which was interpreted as positive and strong relationship.
There was a general revelation that the decision makers and practitioners are well
aware of and agreed to the importance of financial management practices in the
educational projects sector.The study suggests recruiting of better financial managers,
ensuring proper internal controls, training of managers and administrators, emphasis
should be put on forecasting, sound records keeping and maintenance.
Description
A Thesis Report Presented to the College of Higher Degrees and Research of Kampala International University Kampala, Uganda In Partial Fulfillment of the Requirements for the award of the Degree Master of Arts in Project Planning and Management.
Keywords
Financial Management, Sustainability, Educational Projects, Somalia