Award Management

Award Management is a process that encompasses University, school and sponsor policies and procedures pertinent to the project. It is often referred to as the “post award” phase of the life cycle of an award. Sound management of sponsored funds is critical in maintaining the public trust in research results and outcomes, its trust as research participants, and its trust in how public and private funds are spent.

Sound financial management of sponsored awards involves regular review and reconciliation of project expenditures to ensure compliance with the terms and conditions of the award, the Uniform Guidance, and Sponsored Expenditures Guidelines.

Award Management Outline