Program Financial Management
Program Definition Phase
Program Benefits Delivery Phase
Program Closure Phase
Program Cost Estimation
Program Financial Framework Establishment
Program Financial Management Plan Development
Output: Program cost estimates
Inputs: PWBS and resource allocation plan
Program financial framework
Business case updates
Updates to the communications management and stakeholder engagement plans
Program financial management plan
Program funding schedules
Component payment schedules
Program operational costs
Program financial metrics
Program Financial Monitoring and Control
Activities
Implement earned value management
Monitor cost reallocation impact and results between components
Identify impacts to the program components from overruns and underruns
Manage changes when they occur
Communicate changes to the financial baseline to the governance groups and auditors
Monitor the environmental factors for potential impacts
Manage the expenditure on the program infrastructure to ensure costs are within expected parameters
Identify factors that create changes to the budget baseline
Component Cost Estimation
Component estimates and documentation
Program Cost Budgeting
Program payment schedules
Component payment schedules
Program budget baseline
Monitor contract expenditures to ensure funds are disbursed in accordance with the contracts
Outputs
Contract payments
Component budgets closed
Program budget baseline updates
Approved change requests
Estimate at completion
Corrective actions
Program Financial Closure
Input into the knowledge repository
Documentation of new tools and techniques used in the course of the program into the knowledge management system
Updates to the program financial management plan
Financial closing statements
Input to final performance reports
Closed program budget
Program management plan updates