D. Funds (4th F)
The last & most important aspect of 4F`s principle is funds management. After calculating/identifying the above process the final stage is arrangement of funds for proper implementation of the project. It can be done by following fund resources:
d.1 Internal resources
d.1.2 Capital & Reserves
d.1.2 BY Members/patrons (in case of NGO/Trusts etc.)
d.1.3 Internal fund raising (Loan to the organisation)
d.2 External resources
d.2.1 Stake holders
d.2.2 Partnerships
d.2.3 Joint Ventures
d.3.4 Strategic alliances
d.3.5 Grants/aid/Funds from private or Govt. agencies
(in case of NGO/Trusts etc.)
So above given steps are the fundamental of 4Fs principle. With the effective use of 4F principle the project managers & directors can get the desired success & achievement in their projects & organization.
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