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The Value of Consulting Services for Achieving High Levels of Performance within European Funded Projects

Author

Listed:
  • Madalin DARIE

    (Dunarea de Jos University of Galati, Romania)

  • Alexandru CAPATINA

    (Dunarea de Jos University of Galati, Romania)

  • George Cristian SCHIN

    (Dunarea de Jos University of Galati, Romania)

  • Angela-Eliza MICU

    (Ovidius University of Constanta, Romania)

  • Adrian MICU

    (Dunarea de Jos University of Galati, Romania)

Abstract

Consulting services play a crucial role in enhancing the performance of European funded projects. These projects often require specialized knowledge, multidisciplinary skills, and adherence to complex guidelines. This paper attempts to explore the role of consulting services in achieving the expected levels of performance in the case of EU funded projects. The correlations among five latent variables (the level of knowledge of the consulting team, the level of involvement of the consulting team, effective communication with project beneficiaries, confidence in the quality of consulting services and the performance within the projects with European funding) are analyzed using a structural model. The findings reveal interesting insights related to the interplay between the enablers of successful EU projects’ implementation. Consulting firms offer project management tools and expertise to ensure projects are executed in line with EU guidelines.

Suggested Citation

  • Madalin DARIE & Alexandru CAPATINA & George Cristian SCHIN & Angela-Eliza MICU & Adrian MICU, 2023. "The Value of Consulting Services for Achieving High Levels of Performance within European Funded Projects," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 62-67.
    • Handle: RePEc:ddj:fseeai:y:2023:i:3:p:62-67
    DOI: 10.35219/eai15840409362
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    References listed on IDEAS

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    1. Martine R. Haas & Morten T. Hansen, 2005. "When using knowledge can hurt performance: the value of organizational capabilities in a management consulting company," Strategic Management Journal, Wiley Blackwell, vol. 26(1), pages 1-24, January.
    2. Thorgren, Sara & Williams, Trenton Alma, 2020. "Staying alive during an unfolding crisis: How SMEs ward off impending disaster," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    3. Eduard-Gabriel Ceptureanu & Sebastian-Ion Ceptureanu & Cristian-Eugen Luchian & Iuliana Luchian, 2017. "Quality Management in Project Management Consulting. A Case Study in an International Consulting Company," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 215-215, February.
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