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Why IFP is necessary?

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Written by   175
1 year ago

Now, we will talk about funding infrastructure and how does it enforce a wonderful future in a certain project. Even it is decentralize, governance is still need to exist to lead it away from the proper authority which is the state government. Funding the project is one of the key to have a successful launch of the project. Roadmaps will never proceed if there is no budget to fund the plans. (Devs should have rights to gain budget from the community rather than spending their own money for the interest of the community? How's unfair) The support of the community has a tremendous impact for the outstanding achievement of a project Continually support from the miners will help developers to have an achievement and give the best for its community demand.

What are the importance of these words?

Taxation

  • Taxation not only pays for public goods and services; it is also a key ingredient in the social contract between citizens and the economy. The more fund gain from and spent can determine a government's very legitimacy.

Budgeting in project

  • The importance of budgeting in project management lies in the ability to prevent unnecessary costs and to allocate the correct budget to each corresponding need. ... As the mantra goes, “Time is Money”, and nothing is more harmful to the successful development of a project than a badly configured budget.

Project governance

  • Project governance is the infrastructure that surrounds your project dealing with responsibility and accountability. Basically, it is the framework for deciding regarding the project.

Critism never help the project itself but it can have a huge impact for the project. The opposition always want to take a lead from the real founders of a certain project. Critism should be help the legitimate founder rathan than taking the opportunity to lead the project that is not even yours.

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Written by   175
1 year ago
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