Project Management and Fundraising

by Susan Snider on October 30, 2014

Project Management and FundraisingNon-profit organizations raise money for many different reasons: general operating support, program support, supplies and equipment, and capital improvements. Fundraising for a historic preservation or building project brings raising money to another other level and involves project management. These types of projects involve raising significant amounts of money over a long period of time, sometimes years.

After a lot of hard work, you have accomplished your goal. Generous donors and foundations have donated or granted enough money to begin the project. They believe in you and your organization. But oh boy! Everyone is exhausted, burnt out, ready to desert. And you are asking yourself, “How am I going to get the job done?” Hire or recruit a project manager.

What is project management? Marion E. Haynes in her book Project Management, A Practical Guide for Success defines project management as follows: “Project management focuses on a project. A project is an undertaking that has a beginning and an end and is carried out to meet established goals within cost, schedule and quality objectives. Project management brings together and optimizes the resources necessary to successfully complete the project. These resources include the skills, talents and cooperative effort of a team of people; facilities, tools, and equipment; information, systems, and techniques; and money.”

Every project has a defined life cycle which can be broken down into phases. The phases of a project are:

  1. Defining the project
  2. Planning the Project
  3. Procurement
  4. Implementation
  5. Completion and Evaluation

We will explore each of these phases in more detail in future blogs. In the meantime, begin putting together a task list for your project.

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