Private enterprises make substantial use of projects to manage internal innovation, development projects and external work for clients. Established, larger companies often use a formal project management methodology. In contrast, SMEs are rarely able to employ dedicated project managers, find formal project methodologies, such as Prince2, too sophisticated, too costly and too time intensive for their needs. Cost, time overruns and the ineffective execution of projects have a significant impact on the performance of SMEs. A PricewaterhouseCoopers study of 10,640 projects from 200 companies found that only 2.5% of the companies successfully completed 100% of their projects. With micro and small enterprises accounting for 98.8% of all enterprises and employing 50% of the workforce in the EU28, the ineffective execution of projects is impacting negatively not only the performance of their company, but also on national and European economic performance. The project aims to contribute to improving the performance of micro and small enterprises at both a national and European level. Partners will bring together two different bodies of knowledge (i.e. Project Management and gamification) synthesise a new micro-lite Project Management methodology using the IPEC project cycle: Initiate, Plan, Execute and Close. By adopting best Project Management practices, ‘state of the art’ gamification technology and the latest blended learning techniques and practices, partners aim to ‘exemplar’ project that will act as a ‘demonstrator’ project for future VET products utilising gamification. The project will involve 200 participants from the target group: new business start-ups and small enterprises trading for less than three years and set up by Generation Y individuals. They will implement the micro-lite Project Management methodology in their business. They will be supported by 40 IPEC Coaches trained to deliver on-line business coaching and to facilitate execution of results-driven business projects. Project-IPEC will result in measurable improvements in the performance of enterprises. This impact will be captured and used to stimulate a national and European debate with VET and SME policy makers regarding the wider use of gamification, on-line business coaching and the micro-lite Project Management methodology as a mechanism for improving the performance of Europe’s SME. Partners will publish a policy paper called, ‘The Wider Use of ICT, Gamification and Micro-lite Project Management within VET’. The paper will be presented at a series of national seminars and a European conference, entitled, is ‘Transforming European Economic Performance: Releasing the Potential of SMEs’. The project will aim to demonstrate the potential impact on economic performance and job creation resulting from the adoption and widening of the project up to and beyond 2020.