Financial Plan

A financial plan includes:

- A description of costs undertaken in each step of the project.
- A dated schedule indicating when each expense will be incurred.
- A sum of the total cost of the project and the cost of each step along the project.

A financial plan depends on the project plan's requirements. The financial plan cannot be created until:

- A detailed description of the types of costs to be incurred during the project life cycle.
- Identification of the cost per unit for each type of activity.
- The creation of a Cost Schedule identifying the costs incurred along the project.

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