Start with the intended outcome and a realistic scope. A financing plan should explain what resources are needed and when each part of the project will use them.

Separate construction or purchase costs from operating expenses and contingency. This helps prevent the main budget from hiding later funding needs.

Set out how the debt is expected to be repaid and what happens if delivery is delayed. A coherent plan connects the finished project with its financial commitments.

Key takeaways

  • Start with the intended outcome and a realistic scope.
  • Separate construction or purchase costs from operating expenses and contingency.
  • Set out how the debt is expected to be repaid and what happens if delivery is delayed.