Congratulations! You've been awarded a grant or fellowship. Now comes the fun part: spending the money and carrying out your project!
Do yourself a favor and review this easy guide to grant management. A little attention to the terms of your grant now will help ensure you have a smooth, panic-free experience later with starting, spending, and reporting on your grant.
There are three major aspects of grant management that you should think about immediately after receiving the thrilling news that your proposal has been funded:
- Getting Started – get your grant set up correctly so you can access the funds, hit the ground running, and be prepared for a successful project
- Spending the Award – how to spend and keep track of your grant funds
- Reporting – make your required reporting easy by planning for it from the beginning
- Federal Grants - some important notes about spending and managing your federal award