FASTER – Results from the pilot testing performed in Czech Republic On the 2nd of July, FASTER project was presented by Prof. Jiri Vacek, PaedDr. Dana Egerova and Ing. Milan Edl from University of West Bohemia (UWB) at the eLBa 2010 conference in Rostock (Germany). In this occasion, the training course provided by UWB which is primarily addressed to undergraduate students, Ph.D.s in engineering specialization and SMEs was showcased with specific attention to its 8 training units: - Entrepreneurship and Small Business; Innovation and R&D; Strategy and Marketing; Economics and Finance; Project Management; Operations and Supply Chain; People Management; Business Planning. FASTER pilot-testing at the West Bohemia University During the event, the results concerning the pilot-testing performed at the University of West Bohemia in May 2010 were highlighted. The pilot-testing, conducted with Ph.D. students in mechanical and electrical engineering, consisted of 2 workshop sessions: the first workshop was focused on the business planning with emphasis on marketing and financial planning while the second one was centered on project management with emphasis on management of R&D projects. The two workshops were focused on the following topics: Workshop 1 – Business Planning - Importance of marketing in knowledge-based projects (market-pull incremental innovations vs. technology push radical innovations); Techniques of marketing research; Market segmentation; Marketing on Internet; Product life cycle; Financial planning, project feasibility; Cash flow management; NPV, expected commercial value. Workshop 2 – Project Management - General concepts of PM; SW support of PM (Microsoft Project); Soft skills in PM (leadership, team building, communication, conflict resolution, etc); Risk management; Project budgeting and resourcing; - Project portfolio; Concept of NPD (New Product Development, stage-gate); Overview of public support for R&D projects in the Czech Republic and EU. Feedback provided by participants – main outcomes Asked to appraise their satisfaction through an evaluation questionnaire, participants provided some interesting and useful opinions to assess the pilot course effectiveness, summarized in the following table: Criterion average satisfaction Expectation 2,18 Contents 1,88 Quite positive (3) – positive (4) As estimated before the training (2) Very good (2) – excellent (1) Training method 1,65 Very good (2) – excellent (1) Training materials 1,59 Very good (2) – excellent (1) Trainer´s approach 1,35 Very good (2) – excellent (1) Workshop 1,65 Very good (2) – excellent (1) Workshop organization 1,53 Very good (2) – excellent (1) Participant´s experience 3,65 Overall, the two workshops proved to be a positive and useful experience which met the expectations of the participants who remarked the necessity of a practical approach, especially for the project management workshop. The workshops‘ contents were considered as satisfactory with no underemphasized topics. Some recommendations were given to put more attention to actual possibilities of R&D project support. When asked about the teaching method and support materials, the students confirmed their satisfaction concerning the well prepared presentation and the examples of cash flow. They stated that this is an efficient training approach which is ideal to gain a broader overview of problems and then to individually study in more details the most interesting ones, using the references to additional resources. According to them, the trainer proved to be well prepared thanks to the long pedagogical experience, the ability to attract the audience and the clear and understandable approach. Some precious comments were also gathered about the interests for further workshops. Among them, it was stressed the importance to provide a broader presentation of the software tools for project management, practical examples and case studies and a more extended coverage of the current workshops in terms of timing.