Project management
Sponsored research, one of the primary missions of NAU, is defined as funding from outside sources for scholarly inquiry performed by university faculty and staff. Sources of funding can include the federal government, state and local agencies, hospitals, foundations, corporations, and foreign entities.
Maintaining the public trust
Managing the regulatory and fiduciary responsibilities of sponsored research funds is a complex undertaking as this funding is highly regulated. Additionally, there are multiple internal parties involved and many phases within the “life cycle of an award” from searching for funding opportunities to setting up the account to monitoring expenditures to reporting and closing out the account.
Sound financial management of these sponsored funds is critical in maintaining the public trust in research results and outcomes, its trust as research participants, and its trust in how millions of dollars of public funds are spent every year.
Stewardship and compliance
Proper stewardship results in the effective management of public funds to maximize research outcomes and higher standards of research integrity. Managing these funds properly will also decrease serious cases of fraud, institutional mismanagement, and poor management of federal funds.