The only rule for sound and audit-proof financial management of european funded projects


Check below my recent video on the only rule, the ENA rule (it means ONE in greek) you should apply for proper and sound financial management practices.

 

Financial management is not the responsibility of just the financial manager or the adminstrator of each partner in any consortium of european funded projects but it is the duty of any actor involved to ensure sound financial management practices (the project manager, the project manager assistant, the technical manager, the researcher etc). In fact, there are no excuses now, since anyone can apply this rule, the ENA™ rule.  But common sense is not always common practice. See more details in my video below as well as further details in one of my other articles “How financial management of european funded projects can become your sweetest dream or your worst nightmare”.

 

click to download 15x formula for successful grant applications

How to add further value on what you have just discovered

What is your view on the ENA™ rule? Do you have experiences from projects that have been audited and what was the main conclusion? Please comment below on your experiences.

In case you want to develop further what you have discovered in this article/video and exploit fully and become a pro in european funding and financial management, you are strongly suggested to join my video based training ecourse on becoming a FUNDED PROJECTS FINANCIAL EXPERT.

Finally, I provide below 7 things I kept from this video on ENA rule that everyone should remember. I have used also background photos from Nafpaktos, the place I was with my family for holidays in Greece and produced that training video above.

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Nikolaos Floratos

About Nikolaos Floratos

Nikolaos Floratos after his undergraduate and postgraduate studies with distinction as engineer in London (Imperial College, City University), UK, has been working for a number of consultancy and Information Technology companies as consultant and project manager across Europe. He completed also an MBA (Master in Business Administration - National Technical University of Athens and Athens University of Economics and Business) and the last 19 years he is involved in planning, managing and evaluating large and small projects in the area of research, education, ICT (Information Communication Technologies), social inclusion, entrepreneurship, standardization and consumer issues. As a funding expert, personal trainer and coach, he has supported hundreds of individuals and organisations mainly from Europe but also from all over the world on managing state funding (e.g. from European Commission, National Funds, etc) and receive support for deploying their business idea or mission and he has proved that anyone can become a great proposal writer or project manager of european funded projects through proper guidance, training and coaching. He is an expert on behalf of the European Commission on evaluating and reviewing projects and proposals since 2003 and currently, he researches through a PhD how eLearning courses can increase students' engagement and motivation. He is the creator of the Funding Expert Transfomation Process™ system that can transform anyone to a great proposal writer and project manager of european funded projects. He is also interested in investing in highly innovative start-ups and SMEs and he is member of the European Business Angel Network and of the Institute of Leadership and Management. He has received more than 50 recommendations at his linkedin profile (www.linkedin.com/in/floratos) as a funding expert, coach and trainer. He is also the author of the ebook "Who are the Horizon 2020 champions and what to learn from them". He is also listed in the top first three search results by google as "Funding expert".