Financial management

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On this Project: AgreeDisagreeNeither
the viability of achieving the objectives is assessed
funds for performing the work are secured
systems are in place for managing budgets and costs
costs are monitored and controlled
finance management is performed in accordance with organisational policy
team members are competent in finance management
adequate resources are available to manage finance
costs are estimated top down and refined as specifications become available
progress reports track actual against planned expenditure
cost estimates are reviewed throughout the life cycle and plans updated
organisational standards for finance management have been adapted for this project
contingencies and management reserves are used