Capital Accumulation Planning Practice and Performance of Mega Dam Projects in Kenya

Authors

  • Teresa Karamunya
    Jomo Kenyatta University of Agriculture and Technology
  • Dr. Josphat Kwasira
    Jomo Kenyatta University of Agriculture and Technology
  • Dr. Elizabeth Nambuswa
    Jomo Kenyatta University of Agriculture and Technology
  • Prof. Gregory Namusonge
    Jomo Kenyatta University of Agriculture and Technology
  • Philip Wasike
    Jomo Kenyatta University of Agriculture and Technology

Abstract

Purpose: The primary objective of this study is to determine the effects of capital accumulation planning practice on the performance of mega dam projects in Kenya.


Material/methods: The study was guided by the capital structure theory, which is relevant to the study variables. A cross-sectional survey design was adopted, targeting a population of 322 registered civil engineers and land surveyors in Kenya. A sample of 133 respondents was selected. Data was collected using a semi-structured questionnaire, and regression analysis was employed to assess the relationship between capital accumulation planning practice and project performance.


Findings: The regression coefficient results indicated that capital accumulation planning practice has a significant impact on the performance of mega dam projects in Kenya.


Conclusion: The study concludes that effective capital accumulation planning practices contribute positively to the success of mega dam projects.


Value: The study provides valuable insights for project management professionals by emphasizing the need to strengthen capital accumulation planning practices. Specifically, it highlights the importance of budgeting and taxes, communication and accounting, liquidity management, financing large purchases, and risk management in enhancing project performance.