Results-based management is a management approach which focuses on achieving clearly defined results. We ensure that individual projects contribute to reaching the outcomes of the programme under which they are funded. This strategic approach means that all the programmes contribute to reaching the two objectives of the EEA and Norway Grants; reducing economic and social disparities, and strengthening bilateral relations between the donor and beneficiary countries.
Results, transparency and accountability are vital aspects of the EEA and Norway Grants. With many programmes and numerous institutions involved, the structure of the grant schemes is complex, and vulnerable to many types of risk. Together with results-based management, effective identification and handling of risks is therefore a cornerstone to increasing the impact of the Grants.
Risk management is a part of all stages of the grant cycle. Our risk management strategy establishes the ownership of risk management by level and area of responsibility. This strategy aims to make sure that risks are continually assessed in each country and for every programme. It is led from the top and should be embedded in organisational cultures, normal working routines and used to provide direction regarding performance and improvement.