PACE aspires to be an easy-for-use methodology that will help projects to express their assets, the ones that each one of the participating entities possess as well as the ones that are created during the project execution and which are collectively owned either by all or by more than one partners.

To this end, we made several assumptions which aimed not to support academic completeness and consistency, but rather to help for the practical presentation of key issues which tended to be neglected, though they are of utmost importance.