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Master of Science in European Project and Public Management

Course Syllabus Winter Term 2013/14

Title of the Course: Project Finance and Project Funding 2 (VU) Dates: 7 – 9 March 2014 + 13 June 2014 ECTS and Contact Hours ECTS: 5 Course units total: 37,50 Presence Units: 25,00 E-Learning Units: 12,50 Workload estimate based on ECTS = [1 ECTS = approx. 25 hrs of student work, that includes course work, e-learning, self study, homework, assignments, research, writing papers, learning for exams, etc.] Lecturer Name: Prof. Dr. Andreas H. GOTWALD Address: 1020 Vienna, Praterstrasse 62 E-Mail: andreas.gotwald@tpa-horwath.com Phone: +43-1-588 35 – 529 Short Description of the Course The course “Project Finance and Project Funding 2” will first present an introduction to project finance, risk management, cost accounting and budgeting, as general basis for the development of financial proposals for the application and for practical implementation of EU funded projects. Then a systematic overview of acceptable types of costs in several EU programs is given, based on the application forms and structures how to present the financial planning for EU projects as well as the interim and final financial reports and how to handle the different requirements of costs (eg. depreciations or project income). Since no EU project practically delivers 100% funding, the second part of the course will show the practical approaches and tools for the financial planning of EU projects for the formal part (contained in the application) and the background part, for planning the internal financing and pre-financing of all partners until the national and subsidies are finally received. Thirdly - the timeline for realistic project liquidity will be discussed in order to develop a project specific financial risk management. Fourth - the general structure of EU financial audits will be presented and the typical problems experienced with financial reports (delivered by private and public project participants) will be discussed, especially how to avoid formal mistakes in financial reporting that usually cause severe delays in the completion of EU projects. Learning Outcomes Upon successful completion of this course students will:

- be able to analyze different EU funding programs +identify critical requirements - be able to identify the critical financial requirements as basis for budget planning - be able to understand and independently develop a financial plan for EU proposals - understand the typical structure of liquidity planning+ risk management - understand the formal requirements for financial planning and financial reporting - be able to independently develop financial reports for EU projects - understand the formal requirements for EU financial audits

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Course Contents

• general principles of financial planning, cost accounting and liquidity of EU projects • insight on different EU funding programs and acceptable costs • comparison of financial planning for company projects and EU projects • overview on contingency planning and risk management for EU projects • overview on acceptable costs for EU projects and the handling of project income • overview on the financial time line for EU projects and pre-financing • overview on financial control for EU projects and EU audits

Teaching Methods A) Face to face course: Firstly – a short summary of the required theoretical backgrounds is given, eg. using original EU documents, followed by Q+A Secondly – the short presentation of practical cases and the typical problems, including Q+A Thirdly – the detailed discussion with students of potential solutions, based on the theoretical options Finally – the detailed discussion with the students on the systematic prioritization of the developed solutions and their advantages + disadvantages for public and private applicants B) E-learning: One E-learning assignment, based on the presented theory and connected to one of the practical cases discussed, that has to be researched by each student and solved in the form of a paper (3-5 pages) in the following structure: problem(s) to be solved ? search for potential solutions ? evaluation of potential solutions with advantages + disadvantages ? synthesis for suggested solution + explanation why ? Literature and Relevant Web sources 1) EU Financial Reporting Module 8; Version 2010 2) EU Project Reporting in FP7; Version 2010 3) EU Project FinMan – Financial Management for EU Adult Education Providers (PDF handout) 4) EU Expert Financial Planning Tool; http://www.fp-tools.eu/home.htm Evaluation Criteria

• Classroom Participation – 30% • E-Learning Assignments – 30% • Presentation – • Written Exam (5-6 questions; 2h) 40% on 13 June 2014 • Final Paper – • TOTAL – 100%

Late Submissions of Assignments, Papers, or other course requirements Late submission of assignments, papers and other course requirements as stated in the syllabus leads to a deduction of points according to the following calculation scheme: Per week of delay 5% of the points awarded to the specific course requirement are deducted from the points awarded. Example: Assignment A: Maximum Points 100 Achieved Points 80 Delay 2 weeks: -10% Final points: 72

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The grading scale applied in this course is the following: (1) Excellent 100 – 93 % (2) Good 92 – 85 % (3) Satisfactory 84 – 71 % (4) Sufficient 70 – 61 % (5) Failed 60 – 0%

Place, Date Lecturer Vienna, 25 Feb 2014 Dr. Andreas Gotwald