Author(s):
Tavares, Fernando Oliveira ; Almeida, Luís
Date: 2024
Persistent ID: Tavares, F. O., & Almeida, L. (2024). Project Finance Management. In Reference Module in Social Sciences, (published online: 11 march 2024, pp. 1-4). Elsevier. https://doi.org/10.1016/B978-0-443-13701-3.00023-2. Repositório Institucional UPT. https://hdl.handle.net/11328/5824
Origin: Repositório da Universidade Portucalense
Subject(s): Business arrangement; Critical success factors; Human resources; Project finance; Project finance management; Project management; Project management practices; Project succes; Ciências Sociais - Economia e Gestão
Description
Project Finance Management is a financial approach that stands out for decoupling the financing of a project from the sponsoring company׳s balance sheet, relying instead on the cash flows generated by the project itself. This technique is crucial for large-scale projects such as infrastructure, energy and mining, where the investments are substantial. The process involves analysis, financial structuring, contract negotiation, risk management, performance monitoring and compliance. Project management plays a vital role in the organization, optimizing time, cost and quality. Critical success factors include skills in human resource management, leadership, deadlines and quality. Integrating sustainability into project management is essential and must be considered in economic, environmental and social dimensions. Collaboration between various stakeholders and organizational learning are key elements for a sustainable project management.