Sponsored projects are awarded to the University and assigned to a principal investigator (PI) who is accountable to the sponsor for the proper conduct of the project or activity. A PI’s responsibilities include actively monitoring of day-to-day business and monitoring spending. Maintaining trust between sponsors, the University and the public is based in part on responsible use of award funds. Future awards, the reputation of the university and the investigator and avoidance of penalties may depend on the quality of management.
A. Award Monitoring & Oversight
a. Roles and Responsibilities – an award is an agreement between a sponsor and the University. The investigator, department/center, college and RSP share the responsibility of ensuring that the terms of the agreement are met.
d. Cost Share
g. Exceptions to Cost Principles – All costs charged to a research project must be considered allowable and applied consistently according to either federal guidelines or the agreement terms and conditions.
B. Electronic Tools
a. WISDM – WISDM is the Wisconsin Data Mart for the Shared Financial System (SFS). UW-Madison uses this system for grants management and financial reporting.