Lifecycle of a Grant
The grant life cycle starts with an idea for a research project you’d like to pursue.
- Identify Funding
Armed with your idea, it’s time to identify potential funding sources.
- Proposal Development
Next you begin to develop the proposal’s concept including: identifying the human and capital resources necessary to carry out your project and giving notice of intent to submit your proposal to both ORSP and your department.
- Proposal Preparation
With your thoughts gathered, you’ll now need to put pen to paper and prepare your proposal nailing down details such as your research plan and budget, and complete sponsor-specific and University-required forms.
- Proposal Submission
Once the proposal is prepared, submit your proposal to ORSP for review and administrative approval, and submission to the sponsor.
- Project Start-Up
When the proposal is funded you receive award notification and Project Start-Up begins. In this step, project numbers are assigned, accounts are established and sub-agreements are created.
- Award Management
Activities that are part of Award Management that continue throughout the life of the grant include: Monthly budget reviewing, progress reporting, time and effort reporting and sponsor invoicing.
- Award Close-Out
At the completion of the grant, the Award Close-Out begins at which time project budgets are reconciled and closed and a final performance report is sent to the sponsor.
As you can see from the diagram, the ‘Pre-Award’ steps include everything from identifying funding to submission to the sponsor, while ‘Post-Award’ encompasses all that comes after an award is made.