Financing Notes: Definitions & Explanations PDF | Download eBooks
Study Financing lecture notes PDF with project management definitions and explanation to study What is Financing?. Study financing explanation with project management terms to review project management course for online MBA programs.
Financing Definition:
Financing entails acquiring funding for projects.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Financing Notes:
A project's activities incur costs. The overall money required for the project is translated into a project's budget. The needed money has to be acquired by some means. The process of getting funds for a project is called financing. There are different ways of financing. Financing can be done internally i.e. the project organization uses its profits from other projects to fund the current project. Financing can be done externally i.e. an external entity provides funds for the project but in return expects the contractor to fulfill some requirements. Different sources of funding include equity shares, venture funding, banks, angel investors etc.
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