What Is a Sponsored Project?
A sponsored project is an activity sponsored, or funded, by an external organization, such as a federal, state, or private organization or agency.
Characteristics include:
- Specific scope of work or set of specific aims
- Financial accountability and/or reporting; the funds must be separately budgeted and accounted for
- Specific period of performance
- Deliverables, including a final technical report
- Disposition of property
Sponsored Projects Lifecycle
Lifecycle is the term for the span of an project, from proposal stage to closeout.
- Proposal Preparation
- Proposal Approval and Submission to Sponsor
- Award Review, Negotiation, Hold Resolution
- Account Setup
- Award Management
- Award Closeout
Types of Sponsored Projects
Various mechanisms including grants, contracts, consortium agreements and fellowships are used to establish sponsored projects.
Updated: April 2, 2024