Challenges in financial management of public development project case study of rural sector strategy project in Rwanda
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Date
2009-09
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Publisher
Kampala International University, Colleges of Humanities and Social sciences
Abstract
The study was carried out on the challenges in financial management of public development projects. Using rural sector support programme as the case study. It was carried to assess the challenges that the projects experienced in maiming its financial resources, the causes to such challenges, the impacts the challenges are having on the effectiveness of the project and the variables strategies that were being put in place to solve the challenges that R SSP was facing. The study used a descriptive research design to bring out explanations on the causes, challenging and impacts of poor financial management on the performance of RSSP. It focused on the government official from the ministry of agriculture, the management of RSSP project and the agriculturalists who are the beneficiaries of the project. It used a sample size of 80 respondents who were selected using simple random sampling and purposive sampling respectively. Data was collected using questionnaires and interviews and was analyzed qualitatively using thematic analyzed. From the findings of the study it was founds out that RSSP faced a lot of financial management challenges which included, in financing, failure to meet deadlines and fixed budgets. These were being caused by dependency on donations, poor planning, poor project design and government interferences, these had resulted into delays in meeting deadlines, accumulation of debts, failure to procure goods in time and collapse of some sub-projects. the challenges were being solved by obtaining loans from the central bank, recruitment of more to curb down corruption. Therefore, it was concluded that RSSP project faced a lot of challenges in financial management however, the government was putting in place every effort necessary to solve all those challenges.
Description
A research report submitted to the school of postgraduate studies in partial fulfillment of the requirements for the award of a master’s degree of arts in project planning and management of Kampala international university
Keywords
Financial management, Public development, Project, Rural sector strategy project, Rwanda