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Glossary

The glossary was last updated on 10/05/2016
Reporting period

A designated period of time during the project lifetime; activities carried out and expenditure incurred and paid (unless simplified cost options apply) during a reporting period are presented in a progress report, and are subject to ERDF co-financing.

Revenue

Cash in-flows directly paid by users for the goods or services provided by the project, such as charges borne directly by users for the use of infrastructure, sale or rent of land or buildings, or payments for services. Net revenue is defined as the revenue less any operating costs and replacement costs of short-life equipment incurred during the corresponding period.

Risk Management

A systematic approach in project management with the identification and assessment of risks and the planning and implementation of risk responses to control the risks.