The project is the result of an initiative for joint cooperation between the Institute of Professional Auctioneers and Valuers in Ireland in cooperation with the Institute of Revenues Rating and Valuation (UK), both of which are fully utilising the standards in their training and professional practice. The European Group of Valuers' Associations (TEGoVA) represents 44 Valuer Associations from every country in Europe. It has published European Valuation Standards for a number of years, the seventh edition will be published in September 2015. EVS 2015, or the Blue Book as it is known, will be a professional practice manual which is effectively a summary of the accumulated knowledge and experience of European practice and valuation. However, it does not provide practical information on how to conduct a property valuation and most certainly does not contain material which could be used in a training context. The objective of the project is to develop learning material which will be used both in a training context and as a guide for professional practice in the industry. It is intended that it will contain - Training modules to address the EVS2015 standards - Training plans - Training needs analysis tool - Production material including hard copy, DVD and web based The project will utilise a Prince 2 methodology driven by a series of plenary meetings and working groups. The following is planned as the result of the application: - Development of a general training manual and modules on EVS 2015 based on training modules produced by IRRV and IPAV; - Support for partner countries to undertake their own modifications to the material to enable it to comply with local standards and requirements; - Dissemination procedures and training sessions on EVS 2015 using developed training modules and templates. - The development of an appropriate infrastructure to project the outputs from this project into the future and to ensure that the project is sustainable beyond the period of EU intervention. It is expected that the outputs from the project will reach all 44 Valuer Associations across Europe. This will result in a potential audience of over 140,000 individual practitioners. In the short term, it is expected that project will immediately make available to those above a comprehensive training resource pack which will enhance the understanding and the application of the European Valuation Standards. In the long term, the product will be embedded in to each of the 44 Valuer Associations. This will enable the members of those organisations to access the system either manually or electronically. As well as the impacts outlined above, the outputs from the project will further enhance the understanding of the European Valuation Standards across the whole of Europe and will increase their application in order to meet the various directives on valuation processes. The impact of these standards will also improve the “safety net” which will ensure that appropriate economic indicators are properly considered in all property valuations thus reducing the possibility of the economic chaos which engulfed European countries in 2008. The skills acquired as a result of the resource pack will give participants the knowledge and understanding of the European Valuation Standards which will improve their competence as Valuers and impact on the quality of their valuations. Consequently this will enhance the status of the individual in the work place and improve there opportunities for the development of their skills and thus offer wider work opportunities. The project will develop and enhance the overall understanding and application of the European Valuation Standards across the whole of Europe and the wider use of the standards will be an inevitable outcome of this wider understanding. This will in turn increase the number of policy areas in which the standards will become influential. This will be particularly evidenced in the property market where a transnational approach for valuation is important to ensure consistent transacting of properties across borders. Looking further ahead the establishment of the standards will provide cross border consistency in the practice and delivery of valuations of land and buildings which will assist the customer of the valuation process.