Navegation

1 Introduction
2 EU-funding Programs and Projects
3 Overview
4 Governance and Project Organisation
5 Initiating Phase – Activities and Artefacts
6 Planning Phase – Activities and Artefacts
7 Executing Phase – Activities and Artefacts
8 Closing Phase – Activities and Artefacts
Post-closing obligations
9 Monitoring and Control – Activities and Artefacts
Appendixes

6.1.4.2 Effort & Cost Estimates

The objective of this section of the Project Work Plan is to estimate the effort needed for each project task identified in the Work Breakdown based on resource availability and capabilities. After a task is assigned to a resource (or to a resource profile) it also becomes possible to calculate its cost. The estimates will be an input for the creation of the schedule (see Appendix C).

In EU-funded projects, the costs estimation method follows one of the calculation forms provided by article 125 par.1 of the EU Regulation 2018/1046, which includes:

(a) financing not linked to the costs of the relevant operations based on the fulfilment of conditions set out in sector-specific rules or Commission decisions; or the achievement of results measured by reference to previously set milestones or through performance indicators;
(b) reimbursement of eligible costs actually incurred;
(c) unit costs, which cover all or certain specific categories of eligible costs which are clearly identified in advance by reference to an amount per unit;
(d) lump sums, which cover in global terms all or certain specific categories of eligible costs which are clearly identified in advance
(e) flat-rate financing, which covers specific categories of eligible costs, which are clearly identified in advance, by applying a percentage;
(f) a combination of the forms referred to in points (a) to (e).

Inputs

Outputs

6.1.4.1 Work Breakdown

6.1.4.3 Project Schedule