Community water projects offer an economically attractive and physically accessible solution for livelihoods. Piase Community Water Project (PCWP) was initiated in 2005 to provide potable water to the rural communities surrounding Piase. Using data from a field survey with sampled participants in the Bosomtwe district, where this rural water project was implemented, the paper analyses challenges encountered during the project's progress. An advanced SWOT matrix approach is used to analyse the cascading effects of both internal and external factors on the PCWP's planning and evaluation. Following an analysis of existing rural water planning and evaluation issues, the paper explores possible solutions and long-term strategies to provide rural communities with a reliable water supply. This study provides significant insight for policymakers to develop effective strategies that promote a balance between strengths and weaknesses, opportunities, and threats in rural water projects in the future.