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> post award management
post award management
1. Contract Review and Understanding
Review the awarded contract for key terms and conditions.
Identify deliverables, deadlines, and milestones.
Understand the budget and funding requirements.
Note any compliance requirements (e.g., regulatory, financial).
2. Team Coordination
Assemble the project team and assign roles and responsibilities.
Schedule a kickoff meeting to align goals and expectations.
Establish communication protocols among team members.
3. Financial Management
Set up a project budget and monitor expenditures.
Ensure proper invoicing procedures are in place.
Track funding disbursements and reports to the funding agency.
4. Compliance and Reporting
Identify all compliance requirements (e.g., federal, state, organizational).
Schedule regular reporting deadlines and formats.
Maintain records for audit purposes and compliance checks.
5. Performance Monitoring
Develop a project timeline with key milestones.
Implement a system for tracking progress against deliverables.
Schedule regular check-ins to assess project status.
6. Risk Management
Identify potential risks and develop mitigation strategies.
Monitor and update risk management plans throughout the project.
Communicate any significant risks to stakeholders promptly.
7. Stakeholder Engagement
Identify key stakeholders and their interests.
Develop a stakeholder communication plan.
Schedule regular updates and solicit feedback.
8. Quality Assurance
Establish quality control measures for deliverables.
Implement review and approval processes.
Collect feedback on project outputs for continuous improvement.
9. Closeout Procedures
Review and finalize all project deliverables.
Conduct a final financial reconciliation.
Prepare and submit the final report to the funding agency.
Gather lessons learned and document best practices for future projects.
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