Project Cycle Management in IT v.2.

Budget of an R&D Project

5h 30min

Students develop a detailed budget for their EU-funded R&D project proposal. They have to investigate the specific financing rules of their call and prepare a budget accordingly, in a way that accounts for all their activities and work packages.


Create a financial plan, time plan and risk management plan. (30%)
Create a project application for an R&D IT project based on a tender for EU funding through collaborative teamwork. (10%)
Understanding EU R&D Project Financing Rules

In this unit, students will be introduced to the specific financing rules of EU-funded R&D projects. They will access and analyze official guidelines and documents related to the funding call they are targeting. The unit focuses on understanding the categories of eligible costs and how funds are allocated for different activities and work packages.


Acquisition
1 Independent Investigation on Financial Rules

Students investigate the financal rules of the given call ahead of the class.


60 min
Discussion
2 Lecture and Discussion on EU R&D Project Financing Rules

Students will attend a lecture where they discuss with the teacher the specific financing rules of EU-funded R&D projects. The session will cover the categories of eligible costs and how funds are allocated for different activities and work packages.


30 min
Évaluation
3 Quiz on Project Financing

Students will take a short quiz covering the basics of project financing.


10 min
1
Investigation
4 Investigation of Previous Funded Projects

Students will investigate examples of previous R&D projects that were successfully funded by the EU. They will explore and analyze the financial structures and allocations presented in these project proposals, gaining insights into practical applications of the rules.


20 min
Pratique
5 Starting a Draft Financial Plan for an R&D Project

Students will start creating a basic financial plan for their R&D project. They will categorize eligible costs and allocate funds in accordance with the EU financing rules learned in the unit.


30 min
Developing a Detailed Project Budget

This unit guides students in creating a comprehensive budget for their R&D project proposal. Students will apply their knowledge of financing rules, cost estimation, and financial planning. They will break down costs according to project work packages and ensure all activities are adequately costed while aligning with the rules of the funding call.


Pratique
1 Budget Breakdown Workshop

Students will work to estimate costs and categories of costs for each work package. Facilitated by teachers, the workshop will provide guidance and feedback on appropriate cost allocation.


45 min
Discussion
2 Budget Proposal Presentation and Feedback

Each project team will consolidate their budgeting efforts into a formal presentation that outlines their financial plan, cost justifications, and alignment with financing rules. This presentation will be assessed by teachers and peers.


45 min
Production
3 Finalizing the R&D Project Budget

Students will work in teams to finalize the budget for their R&D projects, incorporating the received feedback. They will submit the assignment for assessment.


1h 30min
3