The principal investigator is responsible to the University for the administration of the project, which entails the following specific responsibilities:
- Manage the project according to the approved statement of work, sponsor conditions and budget contained in the award document.
- Prepare and submit progress reports and other deliverables as scheduled in the award.
- Supervise expenditures in conformity with the approved budget or obtain advice from SPO concerning proposed deviations. This responsibility includes not only general conformance to the approved budget, but also the assurance that the funds are utilized for the purposes for which they were given.
- Complete personnel time and effort reports as required by the sponsoring agency.
- Review and validate financial reports generated by the Sponsored Projects Office for the project.
- Maintain records to facilitate final project closeout and establish allowability of expenditures.
Since there is no central campus fund for defraying project overexpenditures, financial liabilities become not only the responsibility of the principal investigator, but also his or her department and the school or division.
