In this newsletter, I explore the link between successful projects and regional development and growth.
How projects are driving the implementation EU Regional Cohesion Policy
Regional Policy is the EU’s main investment policy, which targets all regions and cities in the European Union in order to reducing disparities between the various regions and the backwardness of the least-favoured regions; as well as support job creation, business competitiveness, economic growth, sustainable development, and improve citizens’ quality of life.
In order to reach these goals and address the diverse development needs in all EU regions, € 351.8 billion – almost a third of the total EU budget – has been set aside for Cohesion Policy for 2014-2020, which is the policy behind the hundreds of thousands of projects all over Europe that receive funding from the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund.
Few people know and are more influential in the matter than Mrs. Iskra Mihaylova, Member of the European Parliament, and current chair of the European Parliament Committee on Regional Development.
I had the pleasure to interview MEP Mrs. Mihaylova and was impressed how much she knew about the importance of project management to implement successfully the vision and policies developed by the European leaders.
Here is one of her key quotes:
“I do believe that sound project management practices are essential for the EU regional cohesion policy. Learning from doing and strong competencies are obligatory for improving performance and achieving impact and results. Monitoring tools are also an essential part of implementing a project because they allow project leaders to measure the pace and progress of improvement.”
I hope you enjoy the interview as much as I did. It made me even more positive about the future of project management as a fundamental enabler for creating a better and more equal society.