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Louisiana Tech University

Policies & Procedures

Policy 7104 - Administering the Project

WWW Posting Date: 1/15/2002

Responsible Office: Office of Research and Innovation

The Project Director is responsible for the conduct of his/her project and assumes the primary responsibility for ensuring that all reports and other commitments specified in the proposal and the funding agency's guidelines are met. This responsibility includes both the fiscal and scientific aspects of the project. All funding agencies view the Project Director as the person "on the site" who is immediately responsible for all aspects of the conduct of a project. The University's policy affirms this perspective.

One of the important aspects of conducting a project is making decisions based upon the financial status of the project. Therefore, the Project Director is responsible for keeping track of the financial status of his/her project. Regardless of whether the Project Director keeps the books for the project or he/she supervises a member of the project staff's keeping of the project books, the Project Director is the person responsible for having and maintaining the necessary timely and accurate information of the financial status of the project.

The Office of Sponsored Projects will provide assistance and advice in project bookkeeping. Sponsored Projects operates a grant management system to track the progress of all project expenditures and to monitor each project’s financial status through the term of the project.