IDEAS home Printed from https://ideas.repec.org/a/hur/ijarbs/v4y2014i6p146-173.html
   My bibliography  Save this article

Influence of Economic Factors on Performance of Project Management among Petroleum Marketing Firms in Kenya

Author

Listed:
  • Charles Maina
  • Jane Gathenya

Abstract

The behavior by the oil marketing companies in Kenya has over the years generated a lot of public concerns on the overall economic efficiency and rationale of unfettered market mechanisms in the retail petroleum market in Kenya and literally re-kindled agitations for re- introduction of price controls. The purpose of this research was to identify success factors, required to address concerns on recurrent project cost escalation, schedule delays and customer satisfaction in the petroleum industry projects. The main purpose of this study was to investigate the influence of economic factors on performance of project management among petroleum marketing firms in Kenya. This research was studied through the use of a descriptive research design. The target population composed of the 159 top, middle and low level management staffs working with the head offices of the major petroleum marketing firms in Nairobi. Stratified random sampling technique was used to select a sample of 30% (48 respondents) from within each group in proportions comprising of departmental heads, assistant departmental heads and lower cadre staffs like the supervisors, accounts and other officers since they are the ones conversant with the influence of economic factors on performance of project management among petroleum marketing firms in Kenya. The study made use of a survey questionnaire administered through drop and pick later method. The questionnaire was pre-tested for validity and reliability with 10 management staff of petroleum marketing firms which ensured that the questionnaire is appropriate and the aspects investigated was generally understandable. Quantitative data collected was analyzed by the use of descriptive statistics using SPSS and presented through percentages, means, standard deviations and frequencies. The information was displayed by use of bar charts, graphs and pie charts and in prose-form. The study findings show that project management among petroleum marketing firms is generally less successful which could be attributed to various economic factors that inhibit their success. Foreign currency exchange rate, funding, joint ventures and foreign investments affect the success of projects in the petroleum marketing firms. The study recommends that since economic factors contribute immensely to performance of petroleum marketing projects, petroleum infrastructural requirements as well as investment requirements and options for financing petroleum promoting projects including public private partnerships, project financing and/or an appropriate throughput tariff structure that will spur investment in petroleum industry development.

Suggested Citation

  • Charles Maina & Jane Gathenya, 2014. "Influence of Economic Factors on Performance of Project Management among Petroleum Marketing Firms in Kenya," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(6), pages 146-173, June.
  • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:6:p:146-173
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Influence_of_Economic_Factors_on_Performance_of_Project_Management_among_Petroleum_Marketing_Firms_in_Kenya.pdf
    Download Restriction: no

    File URL: http://hrmars.com/hrmars_papers/Influence_of_Economic_Factors_on_Performance_of_Project_Management_among_Petroleum_Marketing_Firms_in_Kenya.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lawi Oloo Olwa & Dr. Andrew Nyang’au, 2022. "Public Participation Determinants and Implementation of Constituency Development Fund Projects for Public Schools in Kasipul Constituency, Homabay County- Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 21-42, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijarbs:v:4:y:2014:i:6:p:146-173. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hassan Danial Aslam (email available below). General contact details of provider: http://hrmars.com/index.php/pages/detail/IJARBSS .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.