Project financial management

Please answer all of the questions below.
1. Define what you understand about project financing and explain the variety of funding sources available. What are the implications of the different sources towards the success of a project.
2. List the benefits and risks of joint-ventures to the long term business plan and funding of projects.
3. Project financial management requires very detailed processes concerning planning, control and administration and records. Briefly describe these processes with reference to PMBOK.
4. Define (with simple examples) the following aspects of a financial management plan; i) resource planning, ii) cost estimating, iii) cost budgeting and iv) cost control.
5. What do you believe are the biggest challenges in project cost and financial management and why? Choose one of these areas:
a. Cost control of the total project budget
b. Resources planning i.e. people, equipment, materials etc.

Please note: 1) The assignment should be a maximum of 1500 words in length and should conform with the Guidelines for Formatting Individual Assignments.