The Project Monitoring procedure pertains to the implementation of measures to facilitate the research activity and at the same time, to ensure the qualitative implementation of the Projects through effective tools and procedures.
The progress and results of the projects are monitored and evaluated by the RIF through the submission of progress reports, the application of a scientific evaluation procedure for the progress of projects and the conduct of on-the spot visits at the areas where the research is carried out.
Selection of the tools and procedures applied with the aim of the optimal monitoring of the projects is performed according to the Maximum Funding Amount (the maximum funding a project can receive) as defined in the Programme description and/or the corresponding Work Programme. Projects are categorised in three levels as follows:
- Large Project: Maximum funding amount exceeding Euro 500,000
- Medium-sized Project: Maximum funding amount between Euro 120,000-500,000
- Small Project: Maximum funding amount lower than Euro 120,000