Abstract:
The majority of 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 and to establish the moderating effect of portfolio risk
management on the relationship between project portfolio management practices and
performance of water service boards in Kenya. The study was based on Modern Portfolio
Theory, Multi-Criteria Utility theory. The study was population the employees of water boards in
Kenya which include the coast water service board (CWSB), Rift valley water service board
(RVSB), Lake Victoria North(LVNSB), Tana water, TanaAthi water service board, Athi water
service board. The unit target constituted Engineers, senior management, middle management,
and project team. The study targeted a population of 1310 key technical staffs in the project.
SPSS version 24.0 was used to process and analyze the collected data using descriptive and
Inferential statistics. Multiple regression analysis was used to test the relationship between
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project portfolio management practices and organizational performance. The study found that
there is a significant influence of project evaluation as a project portfolio management practice
on the performance of water service boards in Kenya. The study thus concludes that companies
should consider adopting various project prioritization methods such as ranking method, scoring
model, Analytic Hierarchy Process (AHP) Technique.
Keywords: prioritization, allocation, portfolio management, performance, Analytic hierarchy
process, water service boards
