Although the Erasmus exchange scheme at undergrad level has been one of the great successes of the EU, its implementation at the Postgraduate level, specially with mature students, presents some problems as they may find it more difficult to have time to leave their current location for family or job reasons. At the same time, the Lisbon objectives, and other governmental and private reports, acknowledge the urgent need to train IT specialists with management and quantitative skills, and management specialists with an IT quantitative profile.VRTUOSI addresses both needs, by developing a set of high level and highly tuned postgraduate courses in the broad field of decision sciences that will be provided openly to the world educational community and, for the five participating universities, will form the basis of a virtual exchange scheme at the Master level, with an appropriate quality assurance scheme based on the six sigma methodology. The experience gained will be used to outline a full virtual Master programme shared by the five universities. We expect around 500 students per year from the five participating universities to benefit from the courses and the scheme developed and around 40 students per year to take part in the virtual Master. Moreover, as the courses will be available openly, we expect around 5000 external students (university and professional) per year to benefit from our open materials.