Frequently Asked Questions - Finance Management

The P3M3 Finance Management perspective scope covers an essential resource that should be a key focus for initiating and controlling initiatives. Finance management ensures that the likely costs of the initiative are captured and evaluated within a formal business case and that costs are categorised and managed over the investment lifecycle.

There should be evidence of the appropriate involvement of the organisation’s financial functions, with approvals being embedded in the broader organisational hierarchy. The business case, or equivalent, should define the value of the initiative to the business and contain a financial appraisal of the possible options.

The business case will be at the core of decision‐making during the initiative’s lifecycle, and may be linked to formal review stages and evaluation of the costs and benefits associated with alternative actions. Finance management includes ensuring the availability and scheduling of funds to support investment decisions.

These guides, articles and videos provide help with some of the concepts and techniques