Financial Management Plan Template for Project Managers

This Financial Management Template will help you to quickly and easily create a Financial Plan for your project.

Table of Contents

A Financial Plan enables you to set a “budget”, against which you measure your expenditure. To deliver your project “within budget”, you need to produce the project deliverables at a total cost that does not exceed that stated in the budget.

Using this financial plan template, you can create a detailed budget against which to measure the success of your project.

Buy and Download the Financial Management Plan Template

Buy and download this template to jumpstart your project immediately. By purchasing now, you also receive the “Project Management Guidebook” at no extra cost!

★ The Financial Management Plan Template is exclusively available for purchase as part of the Project Planning Phase Template Kit. Alternatively, explore our comprehensive collection of Project Management Templates (50+ kit) designed for Project Managers.

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Key Benefits of Using This Financial Management Plan Template

Types of labor costs to be incurred during the project
Items of equipment needed to deliver the project
Various materials required by the project
Unit costs for labor, equipment, and materials
Other cost types, such as administration
Amount of contingency needed

Included in this Financial Management Plan Template

Calculating the total cost involved in completing the project
Identifying the total cost of each project activity
Creating a schedule of expenses

Creating a project budget is an essential part of any project, as it gives you a goalpost to aim for. This Financial Plan will help you meet that goal by providing a straightforward process and template for creating a budget for your project.

Sneak Peek of our Financial Management Plan Template

What is a Financial Management Plan?

A Financial Plan identifies the Project Finance (i.e., money) needed to meet specific objectives. The Financial Plan defines the various types of expenses that a project will incur (labor, equipment, materials, and administration costs) along with an estimation of the value of each expense. The Financial Plan also summarizes the total expense incurred across the project, becoming the project budget. As part of the Financial Planning exercise, a schedule states the money needed during each project stage.

When do I use a Financial Management Plan?

Whenever you ask for money, you need a sound Financial Plan showing how it will be consumed. For a Project Manager, getting Project Finance is one of the most critical tasks in the project. Therefore, sound Financial Planning principles must be followed to ensure a positive outcome. Using this Financial Plan template, you can create a detailed Financial Plan for your project. It will help you get the Project Finance needed to deliver your project on time successfully.