Publication:

Influence of project resource of planning on performance of small and medium enterprises in Wajir county, Kenya

This study examined the impact of project resource planning on the performance of Small and Medium Enterprises (SMEs) in Wajir County, Kenya, with a focus on human, financial, material, and technological resources. SMEs are crucial to economic growth, innovation, and employment creation. Grounded in the Resource-Based View (RBV) and Contingency Theory, this research evaluated how internal resources and external factors affected SME performance. A descriptive research design incorporating both qualitative and quantitative approaches was adopted, targeting a sample of 364 SMEs from a population of 4,120. Data collection involved structured questionnaires with both open and closed-ended questions. Reliability and validity of the instruments were ensured through pilot testing, expert review, and Cronbach's alpha calculations. Analysis involved both content analysis for qualitative data and inferential statistics, including correlation and regression, for quantitative data. The findings indicated that resource planning significantly influenced the performance of SMEs in Wajir County. Human resource planning, particularly through regular training and career development, was found to improve employee skills and business efficiency, with 68% of respondents affirming the value of training programs. Financial resource planning also emerged as vital, with 69% of participants emphasizing the importance of accurate financial forecasting, and 70% underscoring effective budget allocation to control costs and ensure stability. Material planning proved essential for operational efficiency, as 72% highlighted the need for efficient inventory management and streamlined procurement processes to x minimize waste. Technological resource planning was identified as a key driver of productivity and cost reduction, with 71% of respondents noting improvements due to technological innovation and 66% emphasizing alignment with long-term goals for sustainability. The study recommended that SMEs in Wajir County enhance their resource planning strategies through continuous training, precise financial forecasting, efficient material management, and strategic technology adoption to improve performance and sustainability.