Financial Management
Financial Management is the strategic planning, organizing, directing, and controlling of financial activities in an organization or project, focusing on optimizing financial resources to achieve goals. It involves budgeting, forecasting, cash flow management, financial analysis, and risk assessment to ensure sustainability and profitability. This skill is crucial for making informed decisions that align financial performance with business objectives.
Developers should learn Financial Management to effectively manage project budgets, justify resource allocation, and contribute to business strategy, especially in roles like technical lead, product manager, or startup founder. It's essential for optimizing costs in software development, securing funding, and ensuring projects deliver value within financial constraints, such as in agile teams or when pitching to stakeholders.