Financial Management

What

Financial Management is the Process of managing the financial affairs of a project.

Process Diagram

Financial Management consists of the following major Procedures:

Why

It is good project governance to manage its finances.

When and Where

This technique is used throughout the whole project lifecycle and is not limited to any specific project lifecycle phase.

How

"Project Finances" usually means "Project Costs", but can sometimes also include "Project Revenues".

Scaling

Also See

Financial Management is one of the significant Processes that exist throughout PMMentor (PMM). To print a "Handout Pack" on this Process, create and print a title page and then click on the "Print" button (to print this topic to act as a Table of Contents) and then click on each of the following topics in turn. When the topic is displayed, click on the "Print" button, then click on the "Back" button to return to this topic and choose the next topic to print.

Activity-Based Costing (ABC)

Benefits Management

Cost

Cost/Benefit Analysis

Financial Management Plan

Identify All Benefit Areas

Identify All Cost Areas

Managing Project Costs

Measure Benefit Areas

Plan Benefits Acquisition

Project Budget

Timesheets