<span style="background-color:rgb(255,255,255);color:rgb(0,0,0);font-family:Lato, "Helvetica Neue", Helvetica, Arial, sans-serif;font-size:15px;"><span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:start;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:normal;widows:2;word-spacing:0px;">Define Financial Management Scope & Objectives entails the organization leaders defining financial controls and procedures, and obtaining approval for the financial management approach from key stakeholders, including the sponsor’s finance entity. This process ensures that the program leadership has defined the scope and objectives of the overall Financial Management process, including investment decisions, financial decisions and dividend decisions. The scope of Financial Management generally involves the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds. Typical objectives in Financial Management are: 1) Profit maximization, 2) Wealth maximization, 3) Maintaining proper cash flow, 4) Survival of company and 5) Creating reserves.</span></span><br/>
