This PPT slide, part of the 30-slide How to Run a Consulting Project PowerPoint presentation, outlines the critical responsibilities of managers in overseeing project finances, including budget management, client billing, and project closure. It emphasizes the importance of tracking financial performance against the budget on a regular basis. Managers are advised to utilize job reports and personal spreadsheets to maintain a clear understanding of financial metrics. This tracking is essential for identifying variances and ensuring that project objectives are met.

In the billing section, the slide highlights the necessity of comprehending the billing arrangements as stipulated in the Arrangement Letter. It suggests that managers should bill in advance based on budget estimates and ensure that actual fees and expenses are accurately accounted for. This proactive approach to billing is crucial for maintaining cash flow and ensuring that invoices are settled promptly.

The closing segment stresses the importance of having a solid grasp of project finances as the project approaches completion. Managers are encouraged to collaborate closely with their finance contacts to facilitate a smooth transition and ensure that all financial obligations are met. This collaboration is vital for achieving a successful project closure, which can impact future client relationships and project opportunities.

The key advice at the bottom reinforces the value of leveraging financial expertise to manage project finances effectively. This insight serves as a reminder that investing in financial resources can yield significant returns in project management efficiency and client satisfaction.

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