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Financial management is more than an administrative and control duty. Rather, sound financial management is a critical prerequisite for successful project delivery. Timely and precise financial data are indispensable for effective decision making, as well as for corrective action by project management staff, to enhance the prospects of timely completion, within the planned project budget and scope, of deliverables. Participants learn to design and operate project financial management systems in accordance with sound professional standards and the requirements of donors and governments. The course also explores the content of periodic financial reports on development projects.