Managing Your Grant Budget
The Office of Research Development and the Center for Research on Families continued its commitment to new Principal Investigators by offering another installment of the “I’m a PI! Now What?” series, which focused on budget and finance issues related to grant work. The series is designed by faculty members, for faculty members, and is intended to assist PIs in managing the administration of the grant in order to focus on the research! This particular workshop on March 14th addressed one of the more challenging issues faculty members face - handling the money! PIs and administrators from across campus attended, including Psychology, Communication, Microbiology, Geosciences, Nursing and Environmental Conservation departments and the School of Education to name just a few.
Faculty learned how their budgets, spending activity and payroll information could be accessed easily through a “PI Dashboard” available by logging on to SUMMIT, a Umass web-based tool that delivers financial data quickly. Faculty were encouraged to keep track of their spending regularly and to work with their bookkeepers on issues such as procards vs. travel cards, supply and equipment purchases and travel arrangements. Hopefully the tips from the presenters and peers helped to diminish any budget-anxiety!
Special thanks to Joe Hession from Administration and Finance who provided the overview and hand’s on training. For more information contact Joe at firstname.lastname@example.org or go to: http://www.umass.edu/af/systems/. We would also like to thank Maureen Perry-Jenkins for her continued involvement for facilitating these workshops.
The next workshop will address “Managing your Research Team” and will be held on April 4th in the Campus Center (Room 905) from 9 a.m. to 10:30. Please email David Bosch to register @ email@example.com
The program is sponsored by and offered in collaboration with the Office of Research Development. For more information visit http://www.umass.edu/family/research-programs/pi-program.