Usefulness of financial analysis

The usefulness of financial analysis in project planning and management is immense. Financial analysis helps project managers to identify potential risks and opportunities, assess the financial feasibility of a project, and make informed decisions about the project's budget and timeline. Financial analysis can also help project managers to identify areas of potential cost savings, and to develop strategies to maximize the return on investment. Financial analysis can also be used to evaluate the performance of a project over time, and to identify areas for improvement.