2.6. Plan and manage finance

PMP Certification Plan and Manage Finance task includes the following enablers:

• Analyze project financial needs.
• Quantify risk and contingency financial allocations.
• Plan spend tracking throughout the project life cycle.
• Plan financial reporting.
• Anticipate future finance challenges.
• Monitor financial variations and work with the governance process.
• Manage financial reserves.

To learn the Plan and Manage Finance task, you need:

1. In the PMBOK Guide 8^th Edition, read chapters 3.4 (part ‘Standard’), 2.4 (part ‘PMBOK’), and Section 4 (Basis of estimates, Cost baseline, Cost estimates, Project funding requirements, Revenue and cost forecasts, Financial management plan, Funding proposals, Funding strategy).
2. Watch the videos:

4. Test your knowledge to complete the study of the task.