Effect of project Planning Practices on Performance of Youth New Vision Project in Rubavu District, Rwanda

This study explores the effect of project planning practices on the performance of the Youth New Vision (YNV) project in Rubavu District, Rwanda, with a particular focus on financial resource planning.A descriptive research design was adopted, employing both quantitative and qualitative methods to assess the relationship between financial planning and project success.A total of 155 respondents, including project managers, financial officers, and other key stakeholders, participated in the study.The results of the correlation analysis revealed a moderate positive relationship between financial resource planning and project performance (Pearson correlation coefficient of 0.606, p-value of 0.000), indicating that effective financial planning is associated with improved project outcomes.The regression analysis further supported these findings, showing that financial resource planning accounts for approximately 75.6% of the variance in project performance (R = 0.756).This relationship was statistically significant, with a p-value of 0.000.The regression coefficients indicated that for every unit increase in financial resource planning, project performance increased by 0.699 units.The study concludes that robust financial resource planning plays a crucial role in ensuring the timely and successful completion of project milestones.Based on these findings, it is recommended that the YNV project continues to refine its financial management strategies, with a focus on enhancing resource allocation, stakeholder communication, and adapting to unforeseen financial challenges.These measures are expected to improve project performance and ensure the sustainable achievement of project goals.