RISK MANAGEMENT POLICY IMPLEMENTATION AND PERFORMANCE OF QUALITY INFRASTRUCTURE IN SELECTED STATE CORPORATIONS IN KENYA
RISK MANAGEMENT POLICY IMPLEMENTATION AND PERFORMANCE OF QUALITY INFRASTRUCTURE IN SELECTED STATE CORPORATIONS IN KENYA
Walter Manyibe Nyamwaya - Student, Master of Public Policy and Administration, Kenyatta University, Kenya
David Minja - Lecturer, Department of Public Policy and Administration, Kenyatta University, Kenya
ABSTRACT
This research investigated the effect of implementation of the risk management policy on performance of Quality Infrastructure of State Corporations in Kenya. The study sought to meet the following objectives: to evaluate the effect of implementation of Risk Management oversight regime on performance and the effect of implementation of institutional Risk Management framework requirements on performance of Quality Infrastructure State Corporations in Kenya; to determine the effect of implementation of Risk Management Governance on performance of Quality Infrastructure State Corporations in Kenya. The literature review concentrated on studies that are based on facts, the theoretical and conceptual models, and frameworks. The descriptive research design was employed. The group of interest was around 250 employees, including those in senior management, middle management, and operational roles at the main offices of Quality Infrastructure State Corporations located in Nairobi County. A sample size of 75 employees, representing 30% of the total group were selected through simple random sampling. To gather data, a semi-structured questionnaire was utilized. Before collecting the data, the questionnaire was piloted and a test for reliability was assessed. A Cronbach’s alpha level of … was attained. Secondly the instrument’s validity was tested using the supervisor’s expertise. Authorization was sought from the NACOSTI. The significance level (p-value) of 0.002 confirms that the relationship between the independent variables and the dependent variable is statistically significant. Since the p-value is lower than the conventional threshold of 0.05, it is concluded that risk management policy implementation significantly influences the performance of quality infrastructure State Corporations. The study concludes that risk management policy implementation significantly affects the performance of quality infrastructure State Corporations in Kenya. The study concludes that an effective risk management oversight regime is essential for enhancing the performance of quality infrastructure State Corporations in Kenya. The study recommended that national government should allocate adequate resources to support the establishment of risk management systems, including the training of personnel, acquisition of technology, and regular audits to ensure compliance with these policies. Strengthening the capacity of oversight institutions, such as the Auditor General and Public Procurement Oversight Authority, is also critical to ensure these policies are effectively monitored and enforced.
