The Financial Needs Assessment has six steps:
Establish a team with appropriate skills and capacity to conduct the FNA, define key stakeholders and roles, establish a consultation plan, and begin consultations on methodology.
Scope and clarify the biodiversity targets, results, strategies and actions
Translate the NBSAP and other national priorities to a logical framework that converts the biodiversity results and indicators into “costable actions”; make initial prioritization of biodiversity results and strategies.
5.2A: Review and refine the scope
5.2B: Use a logical framework to structure and clarify actions and results
5.2C: Prioritize initial pre-costing
Desktop study and initial costing tables
dentify unit costs; research unit costs for common budget items (salaries, vehicles, human resources, infrastructure, etc.).
3A: Identify budget units and standard costs
3B: Build cost tables
Refine costs with expert input
Refine cost estimates and the results of the costing using individual expert consultations and then a workshop; validate and elaborate quantitative details of costable actions, results, indicators; conduct tagging exercise; refine initial models and assumptions.
Analyse costing results
Prepare a multi-annual direct cost statement, subdivided by strategies, targets, sectors and actors etc. depending on stakeholder needs; compare costs to biodiversity priorities.
Estimate the unmet finance needs
Compare the detailed costing statements with the projected available financing or estimated future expenditures as calculated during the BER (Chapter 5); analyse the unmet financing needs by national strategy or targets, BIOFIN categories, organization, etc.