The GSIP Project includes a series of activities aimed at bringing about clearly specified objectives within a defined timeframe and with a specific budget. It reflects two key policy decisions of the City of Vantaa:
- to promote growth and competitiveness of local companies;
- to improve level of education of workforce and offer better training possibilities for low-skilled employees, employees with outdated skills and unemployed persons through the design and implementation of a new, innovative and exceptional service and incentive model (Growth and Social Investments Pacts - GSIPs).
The Project was implemented according to relevant UIA terms and conditions, taking advantage of a sound monitoring system to oversee and follow implementation and to support project management. It has used the Project Cycle Management (PCM) approach, which represents the whole of management activities and decision-making procedures used during its life cycle.
PCM helped Project partners to ensure that all activities were relevant to the agreed strategy (as laid down in the Project application form) and to the problems of selected target groups. It supported to a great extent their adaptation to the COVID-19 challenges, given that the achievement of project objectives is always subject to influences beyond project manager’s direct control (assumptions and risks). It is therefore important to monitor this ‘external’ environment to identify whether or not the assumptions that have already been made are likely to hold true, what new risks may be emerging, and to take action to manage or mitigate these risks where possible