roject Financial Management is a process which brings together the following: planning budgeting, accounting financial reporting internal control auditing, procurement disbursement physical performance of the project This in itself aims to managing project resources properly and achieving the project’s objectives. The concept of Project Management, it is a strategic competency for organizations and can make the difference between a successful project and audit reports. At its core, effective Financial Management is an ongoing process that features a cycle of good management habits. It means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the institution or enterprise in a consistent and responsible manner. It also means applying general management principles to the financial resources of a project. you will be developing a Project for a company or the company that you work for. There is a planning stage. Put on paper what your thoughts on the project. Second is budgeting and accounting. This should be taken into consideration because a project has funding to it. What is Internal Control? What is the auditing and procurement process? What is your disbursement process? Finally, give a summary of the physical performance of the project. What are some positive and negative things that could happen?