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Finance

Finance is an essential part of Project Management.

Indeed, nearly all projects require money to pay for the required resources – labor, services, and supplies. Project success requires that project managers accurately identify the money needed for a project, acquire the commitment of those funds through a budgeting process, and then successfully manage the expenditure of those funds to achieve the desired outcomes.

In this theme, you will learn how to manage Forecast, Costs, Savings, and Budget.

To learn more, select one of the topics below.

Project Budget

Every project involves costs. The larger and more complex the project, the more costly to execute in terms of time and money. Because no company has unlimited resources, every project requires a...

Project Costs

Any project, big or small, or regardless of the industry, needs to be performed and delivered under certain constraints. Cost is one of those constraints that project management needs to effectively...

Project Forecast

Any project, big or small, or regardless of the industry, needs to be performed and delivered under certain constraints. Cost is one of those constraints that project management needs to effectively...

Project Savings

During project execution, Project Managers need to take into account potential and confirmed incomes or revenues. In Sciforma, the following revenues can be managed: Project Savings which allow the...

Contracts

The Contract represents the terms agreed upon by the Manager of the Source object and the person who is in charge of the connected object (Target objects) in regard to timeframe, budget, and...

Billing

Professional services firms exist in many different industries. They include lawyers, advertising professionals, architects, accountants, financial advisers, engineers, and consultants, among others...