This paper presents the fundamental characteristics of the Final Year Project (FYP), its associated competences and some evaluation standards that derived from a research conducted by the regional government of Catalonia and the Catalan University Quality Assurance Agency. More analytically, the paper begins with the definition of the Final Year Project in social sciences, continues with the identification and analysis of its associated competences and the basic phases for its realization and finishes with the presentation of some fundamental evaluation standards. Our final proposal is considered as objective and effective not only for the realization of the FYP by the students, but also for its evaluation by the instructors, since it can easily be customized for different social sciences curricula.