Project Management

Project Management Central

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Topics: Energy and Utilities, Financial Services, Risk Management
Project which needs external or foreign funding faces this problem.
Few projects can not secure finance before starting. But you have to start the project and then only you can search for external financing for the project? What are the things and strategies to be careful about to make the project successful?
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Chandan -

When you have progressive funding for a project, two things to keep in mind are:

1. Use a rolling wave planning approach to minimize wasted/premature planning efforts.

2. Focus on delivering scope using some prioritization approach which takes into consideration business value, dependencies, cost of delay and similar factors

This is not a project management problem. Is beyond project management. But just in case you are in charge of it, it is your duty to sell the idea. But the key thing for this is: you are not selling a project. You are selling a solution. The project does not matter.

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