Financial management is the proper and economically sensible budget planning for a specific project.
Accurate assessment is necessary of the needed own and borrowed capital funds for implementation of the project in view of its time duration and the human and material resource necessary for its implementation.
The proper distribution of resources to the individual activities and internal experts is important.
The in-depth knowledge of the market of the individual types of services and the individual types of assets, which will be acquired and used in the project, is an advantage.
The understanding of financial and accounting regulations both on the national and EU level and the appropriate use and implementation of financial and accounting policies is a guarantee for the successful completion of the project.