This module is the second of the four building blocks of financial management. Financial planning is essential for organizations to achieve both their longer-term strategic goals and shorter-term project objectives. In this module you will learn:

• Why financial planning matters, including where your project budgets fit into the financial planning hierarchy of your organization. to use an income and expenditure budget, including the steps in creating an activity-based budget, the use of a budget worksheet, and how to deal with indirect costs and shared costs.
• To use a cash flow forecast to anticipate and manage cash management challenges.
• To use other forms of budgets, including phased budgets, funding grids, consolidated budgets, and more.

For more information on FMD Pro and FMD Pro Certification please visit www.fmdpro.org