The course tailored for project managers discussing the practicalities of the technical and financial management issuesof FP7 projects.This 2-day training course will introduce the first crucial steps for getting an FP7 project started on the right foot, provide practical tips to ensure a sound technical implementation of the project, and go into the issues of financial management and reporting.The lecturers and workshop leaders are flesh-and-bone project managers and coordinators, whose day-to-day work is to make sure that their multiple projects are implemented according to EC Grant Agreement, problems are promptly tackled, and project partners adequately assisted in legal, technical and financial management issues.Experience Europa Media's famous "learning-by-doing" approach – presentations in the morning, then practice your newly-gained knowledge during the workshops specifically designed for the particular topics:Lecture: FP7– Project Management and Technical ReportingGrant Agreement negotiations – road to success and things that could go wrong.Getting started – models on Consortium Agreement, advance payment, bank guarantees, and the kick-off meeting.Efficient project management systems in practice – eligible and non-eligible costs, cost statements. Upgrading your system for FP7.IPR issues in practice – how to protect you background and how to benefit from the foregroundTechnical reporting – what to report and how?Technical reviews – Prepare for the best and worst opinion of the EC and the reviewers.Workshop: Technical ManagementDuring the workshop articipants discuss real case scenarios related to coordination, budget, dissemination, modifying the project, etc.  Lecture: FP7– Financial Management and ReportingFinancial rules for FP7 projects – how to harmonise EU rules with you national taxation and internal accounting principles?Eligible and non-eligible costs, cost statements – upgrading your financial admin system.Different calculation methods of Personnel costs – employees and consultantsAllocation of Travel costs, Equipment, Other costs, and Overheads based on practical examples.Subcontracting and third parties – how to avoid rejection of costs?Pragmatic approaches in reporting – point-by-point assessment of the prepared financial reports. Format, content, overall principles, possible bottlenecksUploading of reports to the Participants portal – hints and tricks to control your partners’s spendingWorkshop: Financial Reporting Participants prepare a full financial report for a virtual FP7 project I a role-play exercise, based on "dummy" invoices, salary slips and time-sheets!