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A cash flow management plan is a detailed strategy developed by individuals or businesses to monitor, analyze, and optimize the inflow and outflow of cash. This plan typically includes setting financial goals, creating budgets, tracking expenses, forecasting cash flow projections, identifying potential financial risks, and implementing strategies to improve cash flow efficiency. The primary objective of a cash flow management plan is to ensure that there is enough liquidity to cover financial obligations and to maximize the overall financial health of the entity.