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Integrating Risk Management into Management Control Systems: Lessons for CDF Project Managers in Choma District

Author

Listed:
  • Lyness Luo

    (University of Lusaka, Zambia)

  • Michael Kalumbu Nsefu

    (University of Lusaka, Zambia)

Abstract

This study examines the integration of risk management within Management Control Systems and draws practical lessons for Constituency Development Fund project managers in Choma District, Zambia. Using a concurrent mixed-methods approach, the research analyses how risk management practices are embedded within control systems and their implications for project performance. Findings reveal that CDF projects face significant financial, technical, political, operational, and cultural risks, with a high probability and impact of occurrence. The study identifies critical success factors for effective risk integration, including leadership commitment, continuous training, adequate resource allocation, and a proactive risk culture, and proposes a framework to strengthen risk management integration within Management Control Systems.

Suggested Citation

  • Lyness Luo & Michael Kalumbu Nsefu, 2026. "Integrating Risk Management into Management Control Systems: Lessons for CDF Project Managers in Choma District," African Journal of Commercial Studies, African Journal of Commercial Studies, vol. 7(1).
    • Handle: RePEc:cwk:ajocsk:2026-03
    DOI: 10.59413/ajocs/v7.i1.3
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    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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