RRU 04: Award Management for the Departmental Administrator

This course details regulations governing the financial administration of sponsored awards and provides department research administrators with the knowledge and resources necessary to administer projects efficiently, effectively, and in compliance with federal regulations and institutional policy.

After completion of this course, participants will be able to:

  • Use the Banner FOP to identify the source of sponsored funds, the principal investigator, and the function of the work
  • Understand the overall process for establishing sponsored projects including award budgets, modifications, and principal investigator changes
  • Distinguish among pre-award spending, advance spending FOPs, and temporary salary FOPs
  • More effectively apply federal regulations and institutional policy to daily award management processes
  • Explain the basis for policies and procedures addressing effort reporting, cost transfers, cost share, sub-recipient monitoring, service centers, program income, fixed price agreements, equipment and accounts receivable
  • Describe the importance of proper closeout of a sponsored project and understand the various roles in the process
  • Understand current areas of audit risk and identify red flags
  • Take away “lessons learned” from federal audits and best practices within the industry and review the importance of documentation for project costs
  • Identify various resources available to assist departmental research administrators