Translation glossary

see "project result"

With the new design of the European Cohesion Policy 2014-2020 and the targets set out in Europe 2020, Interreg programmes have significantly been reshaped to achieve greater impact and an even more effective use of the investments. In order to achieve this impact programmes are required to finance projects that generate tangible and lasting results; in other words, projects that have a demonstrable impact on the performance of cities, regions and territories. In order to maximise the impact, Interreg Programme results should ensure effectiveness, lead to a change of the initial situation and be achieved in a measurable and relevant way. Results and related changes are then measured through results indicators linked to each programmes specific objective to allow the change achieved in the whole programme during the Programming period to be measured. Projects need to be able to address specific challenges not only during projects duration but also throughout ambitious handover strategies able to guarantee the continuation, share and replication of activities and associated results.

Revenue is the income generated from sale of goods or services, associated with the project activities, before any costs or expenses are deducted.

Risk is a potential source of error, usually understood in first level control as potential error source in the finance report of the project partner.

Risk assessment aims to obtain better understanding of the project, its environment and/or the project partner, in order to identify and assess the risks of material misstatement due to fraud or error. Sampling methodologies often include risk assessments as a basis for planning the sampling methodology.