Financial Matters

An experienced CFO (Chief Financial Officer) can be a big help in deciding how the project is to be funded when the work is carried out in many distributed geographical locations. Some basic questions to be asked include, “What is the source of funding in what currency will we pay for materials and labor and components?” Also, “What are the regulations associated with bringing in money and moving money out of (and between) different geographical locations?” Finally, the CFO will need to advise the project team about concerns such as currency fluctuations in countries in which the project team is working. For example, assume the global project manager managing a team that won a bid in a foreign country and the bid ...

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