Translation glossary

Project Approval is the letter lead partners of approved projects receive after the funding decision has been made, stating the decision of the Monitoring / Steering Committee, as well as the total ERDF fund approved. The programme might also recommend certain project modifications to optimise the project delivery.

Project Assessment is a part of the project selection process. It implies in-depth quality assessment of the project application.

Project closure is the last phase in the project implementation process. The focus is on the completion of all work packages and delivery of project results. If the work plan has been successfully completed within budget the project can be closed – once it has completed the final financial control. The financial aspects of the closure process involve making sure that all costs have been appropriately charged to the project, that a proper audit trail exists, and that all post revenue incomes have been accounted for. The project closure also refers to putting the relevant arrangements in place regarding post-project obligations towards such legal aspects as ownership and changes thereof, cessation of activities, reallocation of outputs, and Intellectual Property Rights of project outputs and results and free of charge access to them.

Project Evaluation is the process of determining the merit or worth or value of something; or the product of that process. The special features of evaluation include a characteristic concern with cost, comparisons, needs, ethics, and its own political, ethical and cost dimensions; and with the supporting and making of sound value judgements, rather than hypothesis-testing. Evaluation of the project happens during and/or after its implementation and aims at obtaining an impartial judgement on project's achievements (scope and quality of outputs and results) and impact.

The project implementation phase starts after project approval, and is the period when project partners perform the activities which were presented in the application form and approved by the programme.