Influence of Risk Identification on Project Implementation in Regulatory State Corporations in Kenya
Abstract
To effectively implement enterprise risk management, it's crucial to examine different strategic paths by considering the interconnected risks present in various possible situations, which helps in identifying opportunities arising from risks and ensuring that risk management aligns with the acceptable level of risk for stakeholders. This motivated the aim of the study which sought to examine the influence of enterprise risk management on project implementation in the public sector in Kenya with a focus on the regulatory state corporations. The specific objective was to evaluate risk identification affect project implementation in the regulatory state corporations in Kenya. The theories anchoring the study are agency theory, fraud triangle theory and stakeholder theory. To achieve the above objectives, the study adopted a descriptive research design. The target population was all the 122 officials in charge of implementing projects and therefore the study was a census survey who were selected from regulatory state corporations. A questionnaire was used to collect data from the respondents in the regulatory state corporations. Data was analyzed using descriptive and inferential statistics which included percentages, means, standard deviation and linear regression models. The findings were presented in the form of tables. From the study findings, it can be concluded risk identification had a positive and a significant effect on project implementation in regulatory state corporations in Kenya. For the future study, the study suggested a study to investigate the mediating role of organizational culture or leadership style in the relationship between enterprise risk management practices and project performance with a focus in the private. A comparative study can be conducted across sectors (e.g., private vs. public) to understand contextual differences in enterprise risk management implementation.
Keyword: Risk Identification, Project Implementation, Regulatory, State Corporations, Kenya
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