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RESEARCH PRODUCT

THE CURRENT STAGE OF EU FUNDS ABSORPTION BY FINANCING PROGRAMMES - AS ROMANIA'S PERFORMANCE IN PROJECT MANAGEMENT PRACTICE

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We hear more often talking about a "project society" within the meaning of society that are frequently used to carry out projects and programs, to perform unique processes of medium and high complexity; the necessity for a culture project to pass through the Romanian society from the central and local public institutions, the private sector, to small communities. It is the society we live in and the realities we face. This article, besides being a current analysis of data on how available funds so necessary to Romania have been accessed and used by beneficiaries, creates a premise for a future study which aims to analyze the difficulties faced by beneficiaries in the management of projects in the Central Region. The article is an analysis of operational programs in order to identify the degree of access and the status of European funds absorption until the 30th of September 2011. Operational programs are analyzed both in terms of projects submitted, approved and contracted, and also in terms of amounts incurred and paid to beneficiaries. The purpose of this article is to measure performance in project management practice by analyzing the results obtained by Romania in accessing European funds.