In this paper we give error estimates on the random projection methods, recently introduced by the authors, for numerical simulations of the hyperbolic conservation laws with stiff reaction terms: u(t) + f (u)(x) = -1/epsilon(u - alpha)(u(2) - 1), -1 < alpha < 1. In this problem, the reaction time a is small, making the problem numerically stiff. A classic spurious numerical phenomenon-the incorrect shock speed-occurs when the reaction time scale is not properly resolved numerically. The random projection method, a fractional step method that solves the homogeneous convection by any shock capturing method, followed by a random projection for the reaction term, was introduced in [J. Comput. Phys. 163 (2000) 216-248] to handle this numerical difficulty. In this paper, we prove that the random projection methods capture the correct shock speed with a first order accuracy, if a monotonicity-preserving method is used in the convection step. We also extend the random projection method for more general source term -1/epsilong(u), which has finitely many simple zeroes and satisfying ug(u) > 0 for large \u\. (C) 2002 IMACS. Published by Elsevier Science B.V All rights reserved.