RISK MANAGEMENT STRATEGIES AND PERFORMANCE OF AGRICULTURAL PUBLIC PRIVATE PARTNERSHIP PROJECTS IN KENYA

Michael A., Jackson, Dr. Anne-Marie Wairimu Mungai

Abstract


The performance of the Public Private Partnership Projects is important in ensuring that Kenya is food secure and has ability to meet the food requirements of its citizens in all the areas and at all times in a sustainable manner. However, Kenya has been faced with diverse poor Public Private Partnership Projects’ performance. This study sought to examine the influence of risk management strategies on performance of Public Private Partnership agricultural projects in Kenya. The study was guided by the following specific research objectives; to determine the influence of project risk identification practices, and project risk assessment practices on the performance of Public Private Partnership agricultural projects in Kenya. The study was guided by principal agent theory and contingent theory. The study adopted descriptive research design. The study target was 22 Public Private Partnership agricultural projects in Kenya. The projects have a total of 22 project managers, 69 project officers and 276 field extension officers.  Proportionate stratified random sampling was used to select 190 project members (11 project managers, 34 senior operations officials, and 145 field extension officers).  Data was collected using questionnaires. This study used Cronbach’s Alpha coefficient to test the reliability of the research questionnaires.  Data was analysed using Statistical Package for Social Sciences (SPSS) version 28. Both descriptive and inferential statistics were used. The entire data analysis was presented by the use of tables. Findings show that; there is a strong significant relationship between risk identification and project performance (r=0.678, p=0.001), and a strong significant relationship between risk assessment and project performance (r=0.501, p=0.020). The recommendations are; The project managers should describe in detail risks to ensure that they are not mixed up with other project activities. Each risk should be given an identification number, there should be effective communication to the project team on the risk assessment reports.

Key Words: Risk management strategies, Project risk identification, Project risk assessment, Public Private Partnership agricultural projects

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