how to manage finance and risk in project
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How to manage finance in project
@nenemulan
OCP national project virtual summit
AIESEC Indonesia
#StartFromYou
Financial Sustainability of
Project
What is the goal of your project?
How does successful project
look like?
Why are you doing this project? What
contribution does it make for society?
Finance is the way of thinking!
Budgeting - the most important element of project
management, and not just a tool of financial
management.
The content of budgeting is a technology planning,
accounting, control and analysis of financial, information
and material flows, and the results.
Budgeting (planning and realization)
Cash flow management
Cash flow is the movement of cash into or out of a
business, project, or financial product.
§1 Intern
§1 month iGCDP activity
§1 iGCDP project (4 events)
§Minimum concept per project (pessimistic
concept)
§Minimum budget per project (pessimistic budget)
Minimum cost for:
Minimum Cost on Your Budget
Legality providing and control
Control each stage of project to guarantee it’s quality.
Make sure that all the processes have responsible
person and are controlled strictly. Remember, that
project is a brand not only for your local committee or
city, but also for country, intern and co-operations.
How to save project
• EPs raising in project;
• Host-families;
• Join clubs and communities;
• Check TNs and ANs in advance;
• Apply for grants and funds.
Make it happen!
Risk Management
sustainability and stability
Planning
Know that there are really inevitable risks, impossible to
prepare for anything
Important to establish protocols and people responsible in
case a crisis occurs
Need to be aware!!!
RULES
Members know what, when, how and who to report to in case of
certain scenarios
Training their attention and analysis of determining events
Empowering them to feel comfortable enough to approach the
committee
Reporting mechanisms
STAKEHOLDERS
TNs Trainees Members General Public
Satisfaction with the
Trainee
Accounts
Management
Safety & Well-being
Satisfaction with the
TN
Integration with the
LC Activities
Well-being
Growth and
Development
Job Satisfcation
Reputation
ICX Stakeholders : NEED TO Check !!!
ICX PITFALLS
MEMBERS PROCESS EXTERNAL FACTORS
Lack there of attandend
Lack of resources
Restrictions to perform
Lack of skills and knowledge
Unwillingness to serve
Ineffective delivery
Nothing in place
No experience or
knowledge
Weather
Health and Safety
Changes in Government
Processes
Define the weaknesses
ICX SOLUTIONS
MEMBERS PROCESS EXTERNAL FACTORS
Proper orientation and
expectation setting
Provide sufficient support
Open communication lines
Create protocols for ICX
delivery and survival kits for
trainees
Proper expectation setting
Create ICX Crisis
Management Team
Keep yourself updated
Keep key contact
information of needed
people/entities
Need to be Improve
Define Risk Management
READ AIESEC Indonesia Risk
Management and Control Procedure
http://www.myaiesec.net/content/viewfile.do?contentid=102
69980