The financial management process develops in 3 phases; Planning, Organising and Reporting Planning consists in identifying financial resources and match them with the requirements of the project. Planning means to calculate the estimated cost of each of the planned activities to draft the budget of … [Read more...] about Planning the Financial Management Process for Youth Development Projects
Financial Implementation of Youth Development Projects
As for the project implementation, financial implementation means to monitor the development of the project to understand whether the project is meeting its targets and, if not, how to intervene to rectify the situation. Financial Implementation involves the development of policies and procedures … [Read more...] about Financial Implementation of Youth Development Projects
Monitoring the Finances for Youth Development Projects
Monitoring involves controlling that the financial resources are used in accordance to the agreed financial plan. A good way to approach monitoring is to write monthly reports in which all the expenses are listed, explained and compared to the projected costs. In doing so, the organisation will know … [Read more...] about Monitoring the Finances for Youth Development Projects
Roles of the Project Coordinator in relation to Financial Management
The Project Coordinator might or might not be directly involved in the various phases of Financial Planning. Yet, it is crucial that the Project Coordinator monitors the activities of the Financial Team to ensure continuity and consistency with the other phases of planning and implementing the … [Read more...] about Roles of the Project Coordinator in relation to Financial Management
How to Start Your Fundraising – Steps Leading to Success: A Guide for New NGOs
This Guide aims to provide basic tips and ideas to help your organisation in the process of developing successful fundraising strategies. This guide targets organisations that are relatively new. As such, you will find general information about how to build a strong identity for your NGO in relation … [Read more...] about How to Start Your Fundraising – Steps Leading to Success: A Guide for New NGOs
Carry out Research on Your Project for Raising Funds
The first step entails doing archival research by accessing academic journals, newspapers and media archives, and relevant governmental database. Look for empirical information regarding the problems you are addressing. For instance, if your NGO aims to implement projects targeting the spread of … [Read more...] about Carry out Research on Your Project for Raising Funds
Writing Project Ideas for Successful Fundraising
While researching the profiles and activities of NGOs working in your same field of action, pay attention to the ways in which they frame their concerns and communicate with the public. List key concepts they have emphasised and make sure to repeat them in your manifesto. To write successful … [Read more...] about Writing Project Ideas for Successful Fundraising
How to Start Looking for Potential Donors
Once you clarified your main goals and areas of intervention, you will start looking for potential donors to develop projects and activities. There are two main general strategies to fundraise. The first is to design projects in relation to specific calls. The second is to design projects that … [Read more...] about How to Start Looking for Potential Donors
How to Respond to Funding Calls for Proposals
Proposals should be written and submitted following advertised calls. If you intend to approach an agency or foundation to test their potential interest in your projects you should opt for a concept note or a letter of inquiry. First of all, take your time to read carefully existing packages for … [Read more...] about How to Respond to Funding Calls for Proposals
The Logical Framework Tool for Proposal Writing
The main tool used by NGOs to write successful proposals is the Logical Framework (LogFrame). This is a methodology elaborated in the 70s to strengthen a project internal logic and explain how the project will achieve set goals. It takes a form of a 4x4 table as follow. The first column lists the … [Read more...] about The Logical Framework Tool for Proposal Writing
