After funding is obtained, many resources at the college are needed for successful completion and compliance with regulations associated with the funding source. During the first six months of a newly funded project, the Grants Office will work closely with the project team to ensure a productive start. The Grants Office will continue to work with and assist the project team for the duration of the project and post-project reporting period.
Awards are made to the College on behalf of the Project Director. The Grants Management team works closely with the project team on fiscal monitoring and spending and helping the project move forward according to the project’s schedule and the funder’s expectations. It is essential that a project’s leader and team communicate continually with the following offices:
- General Counsel
- Human Resources
This collaboration begins with proposal writing and extends beyond project completion to complete reporting and support external audits.
If you are currently part of a grant-funded project and are looking for time and effort reporting documentation, please see the Currently Managed Grants page.
Compliance: An Essential Part of a Successful Project
Regulatory compliance is important for every project. Failure to be in compliance could impact not only the success of your project, but also the college’s ability to obtain future funding.
Risks from noncompliance:
- Audit findings
- Mandated return of funds
- Excelsior disallowed from pursuing future funding
- Negative publicity
- Termination of project before completion
All grant-funded projects, be they government or foundation funded, generally go through three phases –award, post award (active project), and closeout.