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What is Diversification of Funding Sources

Chapter 6
Handbook of Research on Emerging Business Models and Managerial Strategies in the Nonprofit Sector
The process of financial management in NGOs involving the intentional exploration and use of funds from various financing sources, i.e. private or public that influences and corresponds to the Project Portfolio Management process.
Published in Chapter:
Project Portfolio Management: Tool for Strategy Implementation in Non-Governmental Organizations
Beata Jałocha (Jagiellonian University, Poland) and Ewa Bogacz-Wojtanowska (Jagiellonian University, Poland)
Copyright: © 2017 |Pages: 17
DOI: 10.4018/978-1-5225-2537-0.ch006
Abstract
Project Portfolio Management is a relatively new practice for the majority of non-government organisations. Project portfolio management is important in the areas of management and education of third sector practitioners. However, project portfolio management, corporate management tools are usually used in the business sector with very little research undertaken in the non-government sectors. This chapter fills that research gap by identifying and analysis of project portfolio management practices in non-governmental organizations. Findings suggest that non-government organisations manage multiple projects simultaneously but that project portfolio management could support them to build their portfolio in accordance with a strategic plan that can fulfil their strategic objectives efficiently and effectively.
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