Analysis of financial management system as applied in various road projects in Tanzania: a case of TANROADS Dar es Salaam

The purpose of this study was to analyze the financial management system as applied in various road projects in Tanzania. The research used case study strategy with quantitative and qualitative methods and conducted in Dar es Salaam TANROADS Head office. Data were collected through interviews, questionnaires, observations and focus group discussion. A total of 28 respondents were interviewed. The research established that, the financial management skills among or within the road sector industry is not well practiced. Majority of the interviewed indicated that they have just basic skills in financial management, implying the existing illiteracy as regard to financial management in road projects. The overall conclusion is that financial management system in Tanzania had a number of weaknesses including lack of enough knowledge/skills to manage and control the finance in road projects. As for the TANROADS the major problems included insufficient number of staff of different cadres such as Accountants and Project Engineers.