Project Management

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Project finance

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Arash Bayazian Sarkandi CEO| Eizat Alhayat project management Services Dubai, United Arab Emirates
what do you do for a great idea but you don't know where the money come from for the project?
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
Project manager is not accountable for project finance. Project manager is accountable for project costs, with are not the same. Program/Portfolio managers are acountable for project finance.
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:44 AM
Arash Bayazian Sarkandi
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Thanks for your comment,

Yes the project manager is not responsible for choosing the project or think about financing the project, but there is a country project selection officer in a country that I was talking about how they are choosing the ideas with their head and she answered first if they don't know where the money come from they will stop the Idea and go for the other ideas that has the support.

I was not agree and decided to ask the management community.
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Find a sponsor, pitch the idea, get funding...
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:45 AM
Arash Bayazian Sarkandi
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Thanks
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Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
Arash, create a business case. If the idea is good and you want to contribute, forget job titles, run with it and find a way to present it to management. You may however need to do that in your own spare time, since you probably aren't being paid (as a project manager) to do this.
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:46 AM
Arash Bayazian Sarkandi
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Thanks, for your comment
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Kevin Drake Perth, Western Australia, Australia
Make sure it is feasable for investors
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:47 AM
Arash Bayazian Sarkandi
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Thanks for your comment
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Muzammil Baig, MS(PM), PMP, PMI-RMP Lead Planner| Bechtel Jubail, Saudi Arabia
If the project is feasible then you need to search the sponsor far fund
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:47 AM
Arash Bayazian Sarkandi
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Thanks for your comment
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Amit Sharma Project Manager| IT Major Delhi, Delhi, India
Simply put, speak to your manager!
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:48 AM
Arash Bayazian Sarkandi
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Thanks
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RAJESH K L Project Manager, PMP| Bharat Electronics, Bengaluru, India Bengaluru, Karnataka, India
Agree with Sante and Sergio
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RAJESH K L Project Manager, PMP| Bharat Electronics, Bengaluru, India Bengaluru, Karnataka, India
I think first you should patent your idea and then look for sponsor
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 7:51 AM
Arash Bayazian Sarkandi
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Thanks
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Tamer Zeyad Sadiq Assistant Cost Manager| Turner & Townsend Riyadh, Ar Riyad, Saudi Arabia
Agreed with all!! The sponsor provides the funds to the project while PM monitors the project budget!!!
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1 reply by Arash Bayazian Sarkandi
Jul 21, 2018 8:06 AM
Arash Bayazian Sarkandi
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Thanks for your comment,

If your are in position that you can choose the project ideas, and you think an idea is very good but you don't know where the money will come from
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Arash Bayazian Sarkandi CEO| Eizat Alhayat project management Services Dubai, United Arab Emirates
Jul 16, 2018 2:36 PM
Replying to Sergio Luis Conte
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Project manager is not accountable for project finance. Project manager is accountable for project costs, with are not the same. Program/Portfolio managers are acountable for project finance.
Thanks for your comment,

Yes the project manager is not responsible for choosing the project or think about financing the project, but there is a country project selection officer in a country that I was talking about how they are choosing the ideas with their head and she answered first if they don't know where the money come from they will stop the Idea and go for the other ideas that has the support.

I was not agree and decided to ask the management community.
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1 reply by Sergio Luis Conte
Jul 23, 2018 9:54 AM
Sergio Luis Conte
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In this case, if you are accountable to answer this type of questions then you are performing as program/portfolio manager. My point is: the level of information each role has, the level of involvement each role has and the focus on specific activities each role has will determine the success of failure of the initiative. By the way, that person only want to know where the money come from or she want to see the demostration of that too?. I was involved on initiatives where I have to demostrate the source of the money.
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