Contribution of Financial Record in Project Management Success: A Case of Ilemela District.

Mmari, Benson Johnson (2023) Contribution of Financial Record in Project Management Success: A Case of Ilemela District. Masters thesis, The Open University of Tanzania.

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Abstract

This research investigates the significance of financial record-keeping in project management, with a specific focus on projects implemented by NGOs in the Ilemela District, Tanzania. Despite the district's significant growth due to various development projects, challenges in project management, particularly financial record-keeping, have been identified. This study aims to fill a research gap by examining the role of financial record-keeping in the unique context of the IlemelaDistrict.The research draws upon the project management success framework proposed by Shenhar et al. (2001) and theories such as Agency Theory and Resource-Based View (RBV) to understand the importance of effective financial management and control. It also explores the impact of various elements of financial record-keeping, including income and expense records, financial statements, budgets and forecasts, and audits and internal control documentation on project success.The research problem addressed is the inadequate management of financial records leading to cost overruns, project delays, and poor financial decisions. The study will use case studies, project management metrics, and KPIs to evaluate the effectiveness of financial record-keeping practices in the Ilemela District.The research is poised to enhance understanding of financial record-keeping's role in project success within the Ilemela District. It will offer insights for policymakers and practitioners and guide project managers toward improving financial record management. The study's findings will enrich the knowledge base on project management and financial record-keeping. Keywords:Contribution, Financial Records, Project Management

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