Who Pays For The Project

Dawul Wuru Aboriginal Corporation General discussion Who Pays For The Project

  • This topic has 1 reply, 2 voices, and was last updated 7 months ago by Rachel Alford.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #4074
    Thomas Lewis
    Participant

    While analysing the stakeholders for project 5.2 my group were wondering where the cost of the project is coming from to have an idea of what our budget is.
    Thank you in advance.

    #4084
    Rachel Alford
    Keymaster

    Hi Thomas,

    Thanks for your question!

    The projects do not have a specific person, community or body in mind to fund the project – it depends entirely on what is most appropriate for your solution. It’s up to you to propose who is more likely to have the required funds and interests to fund it. For example, is it something that Dawul Wuru will be able to fund themselves, or if it’s a larger, more expensive project, would it need to be externally funded by a government grant or something similar?

    As for what is an appropriate budget, it will be up to you to decide what you think is reasonable for the value it delivers, and depending on who the stakeholders are who would need to fund that project (including who pays for any ongoing maintenance if required, etc.). You can justify a larger budget, for example, if you can demonstrate value for money such as high initial upfront costs but the solution lasts 10-20 years with minimal maintenance.

    I recommend reading our FAQs document, which can be found in the Resources tab – this document gives a bit more detail about budgets and how to navigate┬áthe ‘unknowns’ which will come up throughout the design process.

    Please get in touch if you have any more questions!

    Rachel

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.