PROJECT PORTFOLIO MANAGEMENT PRACTICES AND PERFORMANCE OF WATER SERVICE BOARDS IN KENYA. International Journal of Economics, Commerce and Management (IJECM; ISSN 2348-0386)

Abstract

Kenya water service boards are investing millions of money in different portfolios with the objective of profit maximization. Therefore, the purpose of this study was to determine the influence of project portfolio management practices on the performance of water service boards in Kenya. The specific objectives of the study were; to determine the effect of project evaluation, project selection and prioritization, resource allocation, portfolio control and to establish the moderating effect of contextual factors on the relationship between project portfolio management practices and performance of water service boards in Kenya. Cross-sectional survey research design was adopted and the target population was 280 respondents constituted with boards project key mandate, study sample size was 165 respondents obtained by stratified sampling. SPSS version 25.0 was used to process and analyze the collected data. there is a significant influence of resource allocation as a project portfolio management practice on the performance of water service boards in Kenya; that a unit increase in portfolio control results to an increase in performance of water service boards in Kenya; and that there is a significant International Journal of Economics, Commerce and Management, United Kingdom Licensed under Creative Common Page 247 influence of project evaluation as a project portfolio management practice on the performance of water service boards. The study also found that portfolio risk management does moderate the relationships between project portfolio management practice and performance of water service boards in Kenya. The study thus concludes that companies &organizations should consider adopting various project prioritization methods. This includes the ranking method, scoring model, Analytic Hierarchy Process (AHP) Technique.