LMS test Course 1: Fundamentals of EU Funded calls

Wishlist Share
Share Course
Page Link
Share On Social Media

About Course

The H2020 Research Funding framework of the European Commission for the 2014-2020 programming period reserved the biggest budget portion for research that has ever been endowed from the EU budget before 2014. Projects funded under H2020 are still being run and are going to be subject to EC surveillance for as long as five years after their completion. That is why knowing and understanding H2020 financial rules is a must for H2020 projects managers.

This online course is an opportunity to grasp the basic principles for managing the EC funds under the Horizon framework. It is addressed to all those project managers, accountants, financial officers, who on a daily basis have to document and keep detailed information on how they spend the EC money.  We will discuss the EC’s audit approach to Horizon beneficiaries in order to reassure project managers in their interaction with auditors.

With the new programming period 2021 – 2027 the EU budget envisages even more important investment focus on Research and Innovation, with its new framework Horizon Europe. We will discuss the novelties – investment focus, financial rules and simplification.

Show More

What Will You Learn?

  • articipants of the two days training will learn:
  • The contractual requirements for EU funded projects
  • Documentation and record keeping requirements
  • How to document project finance
  • How to correctly distinguish and record economic and non-economic activities
  • How to identify eligible and non-eligible costs
  • The differences between direct and indirect costs
  • How to prepare for financial audits
  • How to respond to pre-audit questions from the EC
  • How to act during on-the-spot checks
  • How to avoid disputes

Course Content

Introduction for EU-funded Calls
EU-funded calls refer to competitive processes where organizations, businesses, and institutions can apply for financial support from the European Union to carry out specific projects or activities aligned with the EU's strategic priorities. These calls are usually announced by the EU's executive bodies, such as the European Commission, and they are designed to foster innovation, research, and development in various sectors, including technology, health, education, environment, and social sciences. The funding can take the form of grants, loans, or other types of financial instruments, and the application process typically involves submitting a detailed proposal that outlines the project's objectives, expected outcomes, and budget. EU-funded calls represent a significant opportunity for organizations to access financial resources and collaborate with other stakeholders across Europe to advance common goals and address societal challenges.

Preparation is the process of getting ready for a specific task or event. It involves taking proactive steps to ensure that everything needed for the task is in place and that the individual is mentally and physically prepared for the challenge. Preparation can take various forms, such as research, planning, organizing resources, practicing, and developing skills.

What is a Project
A project is a temporary endeavor designed to achieve a specific goal or objective. It involves a set of tasks, activities, and resources that are coordinated and managed to deliver a unique outcome within a specified timeframe and budget. Projects are different from routine operations as they have a defined scope, schedule, and budget, and they involve a team of individuals with specific roles and responsibilities

Now what?
fter obtaining a project, the next step is to plan and execute it. Project planning involves defining the scope, objectives, deliverables, and milestones of the project, as well as identifying the resources, timelines, and budget required. The project manager works with the stakeholders to develop a project plan that meets their expectations and outlines the steps needed to achieve the project goals. Once the project plan is approved, the project team begins executing the project activities. The team members work together to complete the tasks, meet the deadlines, and deliver the project deliverables. The project manager monitors the progress of the project, tracks the project metrics, and communicates the status to the stakeholders. During the project execution, changes may occur due to unforeseen events or changing requirements. The project manager evaluates these changes and determines their impact on the project's scope, schedule, and budget. The team makes the necessary adjustments to ensure the project stays on track.

Student Ratings & Reviews

No Review Yet
No Review Yet