Effect of risk management practices on project performance: A case of the Mafuru-Kimambira Water Supply Project in Mvomero District.

Abstract

The study examined the effect of risk management practices on project performance using a case of Mafuru-Kimambira Water Supply Project. This study used quantitative research approach together with non-proportional stratified simple random sampling technique to obtain 98 project contractors. The data were collected using the questionnaire method and analyzed using both descriptive statistics and multiple regression model to analyze the effects of risk management practices on project performance. The findings revealed that risk prevention practice was found to be positive and significant, indicating that it has a direct effect on Mafuru-Kimambira water supply project performance, risk transfer was also found to be positive and significant, indicating that it has a direct impact on Mafuru-Kimambira water supply project performance and risk control was found to be positive and significant, indicating that it has a direct impact on project performance. The study emphasize how crucial risk management techniques are to improving the efficiency of water supply initiatives like the Mafuru-Kimambira Water Supply Project. The study recommends that policymakers should contemplate formulating and executing regulations that promote the application of risk prevention, risk transfer, and risk control techniques in project management. These policies might include directives requiring the application of these techniques in project planning and execution, incentives for projects that exhibit excellent risk management, and training courses for project managers on risk management techniques. By ensuring that water supply projects are carried out successfully, these policies may contribute to increased water security and socioeconomic growth.