Financial documentation
Government projects need clear financial records. Good documentation helps track spending and justify resource use.
Key documentation needs include:
- Cost tracking: Recording all project expenses, including team hours, tool licenses, and other costs.
- Budget reports: Providing regular updates that compare actual spending to planned budgets, showing where funds are going.
- Change records: Documenting any budget adjustments and the reasons behind them.
- Spending proof: Keeping evidence of how funds were used, such as receipts, contracts, and approval records.
Start documentation from day one. It's easier to track things as they happen than to catch up later.
Keep records organized and accessible. Other team members might need to find information quickly, especially during audits or reviews.
Pro Tip: Set up a clear folder structure for financial documents before the project begins. This makes it easier to stay organized and file everything correctly.