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; and
  • closing out awards within the time period specified in the award terms.