FINANCIAL MANAGEMENT OF CONSTRUCTION PROJECTS
FINANCIAL MANAGEMENT OF CONSTRUCTION PROJECTS

Summary/Abstract: In an increasingly complex economic environment where competition and the demand for housing are rising rapidly financial planning represents a crucial component for the successful implementation of construction projects. Every municipality, characterized by fast urban development and significant population growth over the last decade, faces increasing demands for quality housing. In this context, the lack of proper financial planning often leads to issues such as budget overruns, delays in project execution, or even project failures. The construction sector is one of the main drivers of both local and national economic development, and studying the financial factors that influence this sector contributes directly to the sustainable development of the municipality. Financial planning is defined as the process of forecasting, organizing, and managing financial resources in order for a project or organization to achieve its objectives in a sustainable and efficient manner

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