PROJECT RISK MANAGEMENT STRATEGIES AND PERFORMANCE OF YOUTH COMMUNITY BASED ORGANIZATION PROJECTS IN NAIROBI CITY COUNTY, KENYA

Wendy Viola Opiyo, Dr. Faith Mutwiri

Abstract


Risk management in a project or organization is dependent on the ability of the team to understand the sources and variations in projects, and then working to minimize threats while maximizing opportunities wherever it is feasible. Community Based Organizations have had a tremendous positive impact on development in Kenya. Despite the significance of the CBO to the economy, the organizations are facing challenges especially in project management. Alliance Vision Educational Centre experienced comparable challenges, with only 35% of projects completed on time and 60% exceeding budget estimates by an average of 15%. The general objective was to determine the relationship between project risk management strategies and performance of youth community-based organization projects in Nairobi City County, Kenya. The specific objectives were to determine the relationship between risk avoidance, and risk acceptance on performance of youth community-based organization projects in Nairobi City County, Kenya. The study was guided by and enterprise risk management theory. The study used a descriptive research design. The study targeted 50 youth community based organizations in Nairobi City  County. The study target included 50  project managers, 50 project liaison officers , and 150 executive members. Yamane 1967 formula was used to sample 154 respondents. The study used stratified random sampling. This study used questionnaire to collect primary data. Pilot test was conducted with 10% of the sample hence 15 project managers. The study used content and construct validity. Cronbach's Alpha Coefficient was used to measure questionnaires’ reliability. Statistical Package for Social Sciences (SPSS version 28) was used to analyze quantitative data. Inferential and descriptive statistics were used to analyze quantitative data. Results were tabulated. The study revealed that risk management strategies significantly impact the performance of youth community-based organization (CBO) projects in Nairobi City County, Kenya. Specifically, risk avoidance strategy (β = 0.288, p = 0.001), and risk acceptance strategy (β = 0.274, p = 0.001) all showed positive contributions to project performance. The findings suggest that implementing comprehensive safety measures, and effective resource allocation are crucial for enhancing project outcomes. Consequently, the study concludes that robust risk management practices are essential for the successful completion and performance of youth CBO projects. It is recommended that youth CBOs prioritize these strategies, invest in training and development, and collaborate with stakeholders to enhance risk management capabilities, thereby ensuring sustainable project success and stakeholder satisfaction.

Key Words: Project Risk Management Strategies, Risk Avoidance, Risk Acceptance Performance, Youth Community-Based Organization Projects 


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