Good Management Practices
Good award management has many elements, including:
- Ensuring that charges are allowable, allocable and reasonable
- Spending funds in accordance with the proposed budget
- Paying researchers and staff correctly and on time
- Certifying effort of faculty and researchers on federally-funded projects
- Adhering to university procurement and travel policies
- Keeping track of equipment purchased with grant funds
- Monitoring expenditures by and the progress of subcontractors
- Tracking cost sharing, if any
- Filing interim and final progress and financial reports
- Closing out awards within the time period specified in the award terms