RA Grant Writing and Research Funding Flashcards
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Read the first 6 RA Grant Writing and Research Funding flashcards as text
What is a 'direct cost' in a research grant budget?
Answer: Costs directly related to the conduct of the research
Direct costs are expenses that can be specifically identified with and attributed to a particular research project, such as personnel, supplies, and equipment.
Which document is typically required at the end of a grant period to account for funds spent?
Answer: A final financial report
A final financial report documents how grant funds were spent during the project period and is required by most funding agencies at project close-out.
What is the purpose of a grant progress report?
Answer: To document accomplishments and update the funder on project status
Progress reports inform the funding agency of the research accomplishments, challenges encountered, and activities planned for the upcoming period.
'No-cost extension' in grant management refers to:
Answer: Extending the project period without additional funds
A no-cost extension allows a researcher additional time to complete project objectives using remaining unspent funds without receiving extra money from the funder.
When must a grant budget modification typically be submitted?
Answer: When significant changes in scope or reallocation of funds are needed
Budget modifications must be submitted when there are significant deviations from the approved budget, such as reallocation of funds between categories or changes in project scope.
Which federal regulation governs the administrative requirements for federal research grants at US institutions?
Answer: 2 CFR Part 200 (Uniform Guidance)
2 CFR Part 200, known as the Uniform Guidance, establishes the standards for the administrative management, cost principles, and audit requirements for federal awards.