Project Financial Management is a process which brings together the following:
physical performance of the project
This in itself aims to managing project resources properly and achieving the project’s objectives.
The concept of Project Management, it is a strategic competency for organizations and can make
the difference between a successful project and audit reports.
At its core, effective Financial Management is an ongoing process that features a cycle of good
management habits. It means planning, organizing, directing and controlling the financial
activities such as procurement and utilization of funds of the institution or enterprise in a
consistent and responsible manner. It also means applying general management principles to the
financial resources of a project.
For your Final Project in Financial Management, you will be developing a Project for a company
or the company that you work for.
There is a planning stage. Put on paper what your thoughts on the project. Second is budgeting
and accounting. This should be taken into consideration because a project has funding to it. What
is Internal Control? What is the auditing and procurement process? What is your disbursement
process? Finally, give a summary of the physical performance of the project. What are some
positive and negative things that could happen?
This can be done as a PowerPoint at least 15-16 slides or by a 3 page Word Document. Make
sure to cover all the topics.
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