Describe the differences between grants, contracts, and cooperative agreements;
Describe the underlying legal framework surrounding sponsored projects;
Identify the federal circulars that govern federally sponsored projects and discuss the key principles of each, including how they apply to the preparation and submission of proposals and the administration of awards;
Distinguish between allowable and unallowable costs and between direct and F&A costs;
Identify several types of third party agreements associated with sponsored projects administration;
Describe the various components of a proposal budget and how to apply the institution's F&A rate;
Summarize how an institution's F&A rate is calculated;
Assist a Principal Investigator in finding sources of funding;
Explain the lifecycle of a proposal, from the time it begins as an idea with the faculty member to the point of award;
Describe the importance of proper closeout of a sponsored project and the steps necessary to prepare for an audit;
Discuss the importance of the primary compliance issues facing institutions, including protection of human and animal research subjects, research misconduct, subrecipient monitoring, effort reporting, and export control.