Скачать или смотреть Project Cost Management for PMP :💵 Funding Limit Reconciliation Episode 40 #7

💵 Funding Limit Reconciliation & Milestone Alignment Explained! 🚀

In project management, Funding Limit Reconciliation helps manage cash flow by aligning funding with project milestones. 📊 Here’s how it works:

💼 The project team is given a certain amount of money at a milestone (e.g., project phase start).
🔄 As the project progresses, a review takes place at the milestone to assess the project’s status and spending.
💰 Based on the review, the next phase’s budget is approved and allocated. This process ensures that funding matches the project’s cash flow needs without overspending or delays.
🎓 Think of it like getting a monthly allowance: You receive a set amount, use it wisely, and get more after a review of your spending. For external projects, this process often aligns with payment terms in contracts, helping both the project team and the client manage cash flow efficiently.

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