Contribution of Proper Budgeting to the Successful Completion of Real Estate Projects in Kigali, RwandaJournal: International Journal of Science and Research (IJSR) (Vol.9, No. 11)
Publication Date: 2020-11-05
Authors : Jean Luc Ndahimana; Mulyungi Patrick;
Page : 846-849
Keywords : Budget; real estate; project; Planning; successful completion;
The insufficiency of infrastructure in terms of affordable houses in Rwanda specifically in Kigali city due to the misuse of resources in execution phase of the projects. The purpose of the paper was to determine the contribution of proper budgeting and successful completion of real estate projects in Rwanda. Specifically, the study assessed the relationship between proper budgeting and successful completion of real estate projects in Kigali city. The study employed a descriptive cross-sectional survey design using both quantitative and qualitative data collection approaches. The study targeted a total population of 100 people from 10 real estate companies, a sample size of 80 was determined using Solven’s formula. Data was collected through questionnaires and analyzed using excel to establish the regression analysis. The results indicated that, there was a positive significant relationship between proper budgeting and successful completion of real estate projects (r=0.736**, pless than0.01). The paper concluded that, proper budgeting is important in implementation of real estate projects. The paper recommended that, Real estate companies should be educated about the importance of having a proper and well-designed budget plan in their various real estate companies so as to make sure every project meets its objectives. In addition, the contactors and companies’ leaders should carry out researches before starting budgeting planning.
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