Page 134 - Manual for Activities directed at the Underwater Cultural Heritage

of the research planned, and the duration of the envisaged project.
Planning risks
Planning for contingencies and risks is an essential part of project management. Breaking up policies, programmes and strategies into projects is in itself a form of risk management, making sure that results are obtained and that costs do not get out of hand. Although many other risks exist, financial risks are certainly an important category. If funding stops, it needs to be ensured that conservation, documentation and curation of recovered artefacts, report preparation and dissemination continues as planned or appropriate. It is for this that the Annex includes Rule 18 and Rule 19 that specifically address these issues. Planning of risks has an important role in the project design. This is reflected in cost estimation and has an effect on the funding plan. Proper risk planning, included in the budget estimate, may indicate one or more thresholds or breaking-off points at which the project could – if need be – be interrupted or discontinued and still be properly wound up. It may also include predefined monitoring and evaluation points, at which partial budgets can be reallocated. Generally, risk-included costs will lead to a higher global budget estimate, which will contain entries for contingencies and interruption. In combination with a risk-discounted budget, however, such an approach may have the effect of installing greater confidence in funding bodies, leading to a higher probability of success.
Elaboration of a funding plan
A good funding plan is a coherent, well-documented and clearly presented dossier. It must take into account the objectives of the project, the foreseen activity and the projected cost estimates . It will then assemble the following basic requirements:
• Analysis of the project’s significance (evalua- tion of the project’s intrinsic quality)
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Funding