TheFunding Approachdocument defines the organizations that are investing in the programme. It outlines how the programme will be funded, identifying the investing organizations, their contributions, and the financial arrangements. This is essential for establishing accountability and securing commitment from stakeholders who provide the resources necessary for programme delivery.
According to MSP Foundation, 5th Edition (Governance Themes - Justification section):
"The Funding Approach describes who is funding the programme, the level of investment expected from each organization, and how the funds will be managed throughout the programme lifecycle." This ensures clarity on investment responsibilities and supports effective governance of programme finances.
References:
MSP Foundation, 5th Edition, Section: Governance Themes - Justification MSP Foundation Study Guide, Chapter on Business Case and Funding