Funding Formula Stage 6
Introduction
Stage 6, we explore the following issues:
- What is a Resource Mobilization strategy
- How you can start to develop a strategy, and put it into practice
- Working with a Logical Framework and Theory of Change
- Preparing for bids: the Bid Pipeline and go/no-go decisions
- How to design a successful project proposal
1. Putting the model into practice
1.1 In working through the other Stages of the Funding Formula, you have:
- Undertaken a Needs Assessment and other exercises, to establish what resources and skills your Member Association already has, and what more you need to strengthen your Resource Mobilization programme
- Understand how to demonstrate your Member Association’s credibility
- Explored the funding environment through donor mapping
- Can increase the visibility of your organization; and
- Know how to strengthen donor and partner relationships
Now you can use all of this information to develop a Resource Mobilization strategy and increase income over the long term.
2. Developing a Resource Mobilization strategy
2.1 What is a Resource Mobilization Strategy?
A strategy comprises a goal, a set of long term objectives to be achieved within the stated goal, and an action plan specifying how the goal and objectives will be realized.
2.2 Why is a Resource Mobilization Strategy Important?
It will help you to think about, and plan:
- What you want to achieve (in relation to raising funds)
- What human, financial and technical resources you need
- How you are going to reach your goal and meet your objectives
- How you know that you have reached your goal and met your objectives
2.3 How do you start to develop a Resource Mobilization strategy?
You can use IPPF’s Developing a Resource Mobilization Strategy document in the next block in the Resource Mobilization wall to help create your Resource Mobilization strategy. The key stages of the Funding Formula – Credibility, Relevance, Visibility and Relationships – will also help you to develop outputs and indicators, to ensure you can stay focused and measure your progress.