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The amount of cash derived over a certain period of time from an income-producing property. The cash flow should be large enough to pay the expenses of the income producing property (mortgage payment, maintenance, utilities, etc.)
Cash flow is important to a project manager who is responsible for the management of the budget for the project.
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Other resources
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Business plan as a decision making tool for projects
One of the major advantages of a business plan is that it helps make better day-to-day decisions. But, how? Well, that’s something we will unveil in this article
Read more: Business plan
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The benefits of a kick-off meeting
Once a project team is built, an excellent way to make sure milestones and goals are efficiently accomplished is by fostering good communication among project team members on a continuous basis. Team meetings are, indeed, a crucial communication method when working with teams. The first project team meeting, also known as the project ‘kick-off meeting’, is of extreme importance because it is the time when the project goals and expectations are clarified, roles are defined, and team members can meet one another. A vital part of any project, this first meeting is normally held right after the project has been awarded, and often even before base lining the project plan.
Read more: Kick-off meeting
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