Basic Financial Management for Projects
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eliza-noordin -
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Transcript of Basic Financial Management for Projects
•WHY FINANCIAL MANAGEMENT•BUDGET•MANAGING INCOME •MANAGING EXPENSES•LOCK DOWN COMMIITMENT•MONTHLY STATEMENTS•SOME GOOD PRACTISE
WHAT WILL I COVER?
Only basic info is covered targeting youth with potential projects
WHEN DO YOU NEED FINANCIAL
MANAGEMENT?
WHY YOU NEED FINANCIAL MANAGEMENT?
SIMPLE WORKSHOP
• The entreprenuer club of a university is organizing IT & Mobile Expo the 26th & 27th August 2011.
• What needs to happen before you do a budget – Business & revenue model
• Objective : Raise funds for the club• Target number of vendors:• Value proposition to vendors: Online and Onsite sale• What are the potential revenue sources ?• What are the costs of events?• Operating costs?• Duration?
Sample budget