• DoA to reality: revisiting, adapting, adjusting when needed and monitoring the original Description of Action (DoA) budget to the execution reality. This is a basic step for ensuring smooth execution of the project. In this course we will focus on the specifics of the actual cost model when approaching this step.
• Personnel costs: this is usually the main segment of the project's budget, and in many cases handling the personnel costs is a straight-forward process. However, there are many special cases and considerations which do not conform with the regular and usual practices. This training will go deep into all these special cases and provide useful insights about how to handle these.
• Other budget items such as: equipment, travel and goods and services costs, internally invoiced goods and FSTP – we will discuss the special cases in these items and explore the best practices of handling these under the actual cost model.
• Records keeping and getting ready for financial reviews and audits. The training will address best practices of handling the financial records to ensure that the organisation is best prepared for potential reviews and audits.
• Payments under actual cost model
• Financial management of multiple concurrent projects (with full or partial overlaps). How to prepare for that? How to manage this effectively? How to ensure that the records are kept in the best possible way, and how the organisation can prepare for potential reviews and audits under such settings?
• Handling deviations from the original budget
• Handling transfers between partners
• Handling over- and under-spending
• Handling budget surpluses during the execution phase
• Tools and templates for effective financial management

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