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This
Financial Planning Template
will help you to quickly and easily create a Financial Plan for your project.
A Financial Plan enables you to set a "budget", against which you measure your expenditure. To
deliver you project "within budget", you need to produce the project deliverables at a total cost which
does not exceed that stated in the budget.
Using this financial plan template, you can create a detailed budget against which to measure the
success of your project.
A Financial Plan identifies the Project Finance (i.e. money) needed to meet specific objectives. The
Financial Plan defines all of the various types of expenses that a project will incur (labor, equipment,
materials and administration costs) along with an estimation of the value of each expense. The
Financial Plan also summarizes the total expense to be incurred across the project and this total
expense becomes the project budget. As part of the Financial Planning exercise, a schedule is provided
which states the amount of money needed during each stage of the project.
Whenever you need to ask for money, you need a sound Financial Plan showing how it will be
consumed. For a Project Manager, getting Project Finance is one of the most critical tasks in the
project. Therefore, sound Financial Planning principles must be followed to ensure a positive outcome.
Using this Financial Plan template, you can create a detailed Financial Plan for your project. It will help
you get the Project Finance needed to successfully deliver your project on time.