Title: Influence Of Financial Monitoring And Project Outcome Study Of World Bank Agricultural Development Jowhar District, Somalia
Authors: Leila Sheik Ali Mohamud, Okeyo Omollo Elijah,
Volume: 9
Issue: 8
Pages: 199-213
Publication Date: 2025/08/28
Abstract:
The study investigated the influence of Financial Monitoring on the outcome of the World Bank Agricultural Development Project in Jowhar District, Somalia. The objectives was to examine the effects of financial monitoring on the success of World Bank Agricultural Development Project in Jowhar District, Somalia. The target population comprised of 170 project stakeholders. Sample size of 118 was selected from the target population of 170 using purposive and random sampling techniques. The study was guided by two theories namely: Systems Theory and Results-Based Management Theory (RBM) Originally developed by Tyler (1949), Data was collected using structured questionnaires, interviews, and focus group discussions. The study found out that .the unstandardized coefficient (B) for financial monitoring is 0.420, which suggests that for every one-unit increase in financial monitoring, project outcome is predicted to increase by 0.420 units, holding other variables constant. The standardized coefficient (Beta) is 0.426, indicating that financial monitoring has a strong positive effects on project outcome relative to the other predictors. The significance (Sig. = 0.013) indicates that this variable is statistically significant, meaning its effects on project outcome is unlikely due to random chance., The study concluded that project financial monitoring allows for better project financial health while improving the overall outcome of the project. Ensures transparent financial reporting and fosters greater engagement from stakeholders, including local communities and government agencies. This leads to increased collaboration and support for project initiatives, While enhances efficiency, accountability, and overall project outcome and effectiveness ensuring that agricultural development goals are met and sustainable growth is achieved..The study recommends that organizations should embrace real time project financial monitoring to improve project outcome and help deliver projects on time and within budget. Project budget should outline the costs associated with each project phase to enabling efficient financial resource monitoring and utilization and monitoring tools should be used to measure progress of project activities against established schedules and indicators of outcome.