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.