Project Appraisal Approaches and Performance of Made in Rwanda Projects: A Case of Sulfo Soap Making Project
DOI:
https://doi.org/10.53819/81018102t2162Abstract
The purpose of this research is to investigate the role of project appraisal in the performance of Made in Rwanda projects, focusing on a soap-making project at Sulfo Rwanda. The quantitative and qualitative approaches of descriptive research design were employed. The study surveyed 103 respondents, selected from a population of 146 individuals using Krejcie and Morgan's (1970) table. Ninety-nine respondents were randomly selected through simple random sampling to complete a questionnaire, while four respondents were selected through census and interviewed. The first objective demonstrated that financial appraisal significantly affects the performance of the project with a mean score ranging from 4.284 to 4.343, indicating a strong agreement. For its correlation results, there were positive and significant correlations between financial appraisal and customer satisfaction (r=0.883), customer retention (r=0.928), market growth (r=0.952), and profitability (r=0.933). The second objective revealed that technical appraisal strongly affects the performance of the soap making project with mean score ranging from 4.284 to 4.323, indicating a strong agreement. Its correlation results showed a positive and significant correlation between technical appraisal and customer satisfaction (r=0.943), customer retention (r=0.988), market growth (r=0.988), and profitability (r=0.952). The third objective demonstrated that market appraisal has a significant and positive effect on the performance of the soap making project with mean score ranging from 4.245 to 4.607, indicating a strong agreement. Its correlation results showing a positive and significant correlations between market appraisal and customer satisfaction (r=0.922), customer retention (r=0.988), market growth (r=0.988), and profitability (r=0.975). The fourth objective revealed that economic appraisal significantly affects the performance of the soap making project with mean score ranging from 4.235 to 4.588, indicating a strong agreement. In addition, its correlation results showed a positive and significant correlations between economic appraisal and customer satisfaction (r=0.914), customer retention (r=0.981), market growth (r=0.981), and profitability (r=0.987). In conclusion, the study's findings highlight the significance of financial, technical, market, and economic appraisal practices in enhancing the performance of the soap making project in Sulfo Rwanda, and it is recommended that the government, distributors, shareholders, and project team members collaborate and prioritize the adoption and effective implementation of these appraisal practices to maximize performance of soap making project in Sulfo Rwanda.
Keywords: Project Appraisal Approaches, Project Performance, Sulfo, Rwanda
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