The diagram below shows the typical life cycle of a grant.  Click on the image for a larger version.

1. GENERATE IDEA

Unique and fundable idea or project generated by Principal Investigator

2. LOCATE FUNDING OPPORTUNITY

Work with department, dean’s office, and OSP to identify possible sponsors

3. DEVELOP PROPOSAL

Review guidelines for application process and requirements
Write technical portion and draft budget

4. FINALIZE PROPOSAL

Gather supplementary materials (letters of support, biosketches, etc)
Review proposal for completeness, accuracy, and suitability
IRB/IACUC determination process is completed

5. SUBMIT PROPOSAL

OSP mails paper documents or submits electronically to funding agency
In some instances, PI submits proposal directly to agency (but still informs OSP)

6. NOTIFICATION OF AWARD

Terms and conditions of award are reviewed and negotiated

7. NEGOTIATE/ACCEPT AWARD

Sign award documents and return to funding agency

8. MANAGE PROJECT

Fund and budget set up
Set up subcontracts or subawards
Request/receive amendments, modifications, no-cost extenions

9. CLOSE-OUT AWARD

Complete final reports, invention statements, invoices, and financial reports