Effect of In-House Debt Card Project Implementation on Project Cost Savings: A Case of the Bank of Kigali Plc, Rwanda
Honorine Niyibizi Uwase and Jean de Dieu Dushimimana
University of Kigali
Email: niyibiziuwaseh@gmail.com
Abstract: This study examined the effect of effect of in-house debit card project implementation on project cost savings: a case of the bank of Kigali plc., Rwanda. It specifically examines the effect of cost architecture design on project cost savings in the implementation of the in-house debit card project at Bank of Kigali Plc., Rwanda. It focused on capital expenditure planning, cost forecasting, cost allocation, budget adjustment, and financial planning mechanisms. A quantitative descriptive and explanatory cross-sectional design was adopted. The target population comprised 93 employees involved in the project, and a census approach was used. Data were collected through structured questionnaires and analyzed using descriptive statistics, Pearson correlation, and multiple regression in SPSS version 25. All 93 questionnaires were returned, representing a 100% response rate. The overall mean for cost architecture design was 3.82. Pearson correlation revealed a strong positive and statistically significant relationship between cost architecture design and project cost savings (r = 0.701, p < 0.001). The regression model reported R² = 0.846 and was statistically significant, F(4, 88) = 120.688, p < 0.001. Cost architecture design was a positive and significant predictor of project cost savings (β = 0.295, p < 0.001). Operational efficiency, process optimization and internal control, and resource utilization efficiency were also significant predictors, whereas technology control was not significant (p = 0.090). The study concludes that effective cost planning, forecasting, allocation, and budget management are associated with project cost savings. It recommends strengthening expenditure planning, comparing budgets with actual costs regularly, and assessing financial outcomes using documented records.
