Definition
Funding is the process of obtaining and securing the financial resources needed to deliver a project, investment, activity or objective.
Human Explanation
It answers the question of where the money needed to cover a planned cost will come from.
Why it Matters
Even a well-designed project cannot proceed without an appropriate source of finance and sufficient resources.
Conceptual Boundary
Funding does not by itself confirm that a project is justified, feasible or compliant. Business, technical and legal assessments remain necessary.
Practical Perspective
A funding decision should consider the cost of capital, award conditions, timing, own contribution, risk and reporting obligations.