3. ucl.ac.uk/research-services
Why is Project Management important?
All funders expect recipient institutions of external research funding to
provide assurance that public funds are spent efficiently and in a cost
effective manner.
Funders have increased compliance exercises (audits) to ensure the
above is adhered to and protect their organisation from any reputational
risks associated.
Empowers departments to identify risk and potential challenges earlier
and take action.
Enables full utilisation of awarded budgets
Reduces risk of rejected expenditure after project end date
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UCL Portfolio
Number of Applications 18/19: 4,610
Number of New Awards 18/19: 1,638 (£502,050,104)
Current Active Awards: 5,100
Number of Funders 1,255
0
1,000
2,000
3,000
4,000
5,000
6,000
£0
£500,000,000
£1,000,000,000
£1,500,000,000
£2,000,000,000
£2,500,000,000
£3,000,000,000
NUMBER OF AWARDS
£VALUEOFACTIVEAWARDS
Live Awards
Indirect Direct Count
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Roles & Responsibilities: Academic Departments
Planning, monitoring and communication of research progress
Applying for, and securing, all necessary ethical and other regulatory approvals
Compliance with UCL Policies (e.g. financial regs, HR policies, research policies)
Recruitment of research funded staff and students, and the management of any
associated timesheet requirements.
Procurement, approval and compliance monitoring of all non-salary expenditure.
Budget forecasting and management of under / overspends of funds.
Regular account reviews of live projects.
Identification and timely communication of requests for amendments.
Identification and timely communication of matters with potential to adversely
impact the project’s progress and / or with potential for reputational damage
Management of continuing obligations post end date (publications, reporting etc).
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Roles & Responsibilities – Research Services
Review, negotiation and authorisation of the terms for sponsored research awards.
Initial budget set up and subsequent updates to award details/status and budget
allocations on Worktribe and MyFinance
Management of starting certificates and equivalent funder requirements.
Financial approval of research funded staff and students to be charged to the award.
Regular account review and reconciliations of awards.
Management of indirect cost contribution.
Preparation and submission of financial claims, invoices, expenditure statements in
the required funder format.
Coordination and approval of collaborator / subcontractor payments.
Oversight of research project financial audits, liaising with internal and external
auditors, ensuring clear audit trails and supporting data
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When Receiving a New Award
Notify Research Services of new award received where applicable
Accept any sufficient financial variation (between application and award )
Review terms and conditions and ensure your department can comply with
the requirements and put a action plan in place for any potential non-
standard terms
Confirm relevant ethical approval in place (where required)
Conduct 2nd stage Due Diligence on overseas partners as per UCL policy
Request via Worktribe, research subcontracts, collaboration agreements
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Activating a New Award
Notify External Funder/Research Services of any delay to the research
project starting.
Procurement of Equipment required – UCL Procurement Policy
Appoint staff – Ensure sufficient budget awarded.
Confirm to Funder the project start date / Supply CV’s if applicable
Inform Research Services to activate the MyFinance Project
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Charging Expenditure
Charge Expenditure directly to the research project
All Expenditure is charged in research project lifespan (travel purchased during
lifespan for travel dates outside are not allowable)
All Expenditure is incurred in accordance with UCL Financial Regulations and
funders terms and conditions
Procurement and tendering processes for goods and services are in accordance
with UCL/Funder policies
Challenge any ineligible expenditure
Completion of IDT/IDJ and ensure detailed description and back up
documentation is stored.
Review of Research Partner invoices confirming research is progressing and
expenditure is incurred as expected
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Purchasing/Approving Best Practice
In addition to standard policies in order to justify any expenditure,
consideration should be given as to whether the cost:
was included in the original Justification of Resources/Proposal?
was subsequently awarded?
is of direct benefit to the research and proper use of public funds?
is actual, necessary and solely attributable to the project?
is not deemed to be in any way excessive or reckless?
is within the agreed budget awarded
is between the actual project start and end dates
is it in accordance with Procurement Requirements
is it in accordance with Expenses Policy – Key Information
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Monitoring Budgets
Academic Departments
Best Practice Monthly Reviews of live
Projects
Minimum review obligations are
quarterly for public/charitable funders
Annual Review acceptable for Industry
Funders
Commitments reviewed quarterly
Key focus on Equipment, Travel,
Internal charges, Other Non-Staff
expenditure
Research Services
Regular account health checks
Key Focus on salary charges, stipend,
collaborator claims, indirect costs
Frequency dependant on claim
mechanism
Specific target areas of previous non-
compliance
High Risk areas
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Reports Available
Axiom Reports
Project Investigator Report: Provides a monthly report of the
expenditure against the budget awarded. A pdf version is also
emailed to PI’s monthly.
Research & DTAs Report: Provides a budget v expenditure view of
costs to date with drillable transaction information.
Transaction Reports: Provides a full transaction report of all
expenditure incurred
Research Exception Reports: Provides a view of Equipment and
Staff Budgets which have not been fully utilised
Research Expenditure Exception Report: Identifies material
budget v expenditure variations
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Exception Reports
Research Exception Report
Equipment / Salary Budgets
Budget Awarded for heading
Expenditure (incl. commitments) to Date
% Budget Used
Months Elapsed / Months Remaining
Use: To review and utilise equipment/salary budgets
Research Expenditure Exception Report
Total Budget
Total Expenditure (incl commits)
Duration Elapsed %
Budget Used %
Difference
Use: To manage significant variances and identified under/overspending
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Managing the Unanticipated
Communicate misconduct allegations/investigations (research misconduct,
fraud, bullying and harassment) as required.
Communication of amendments to projects scope or resource requirements
Notify Research Services of changes to project duration, budgets, outputs etc.
Project Staff Leave/Changes (parental, long-term sick leave, carers etc.)
Early communication of transferring staff / projects (PI/Co-Is)
Continued due diligence on collaborating parties and deliver of milestones
Manage project milestones and the communication of progress
Notification of early termination.
Keeping up to date with evolving funder terms and conditions and changes to
internal policies and procedures
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Reporting and Project Closure
Clear outstanding expenditure commitments on MyFinance
Complete full review of expenditure in accordance with funders t&c
Research Services will submit final invoice/statement.
When Final payment received and project reconciled department to
provide suitable non-sponsored research account.
Research Services will close Worktribe/MyFinance accounts
Department continue to monitor outputs requirements (Researchfish
etc)
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Guidance Available
Funders Terms and Conditions – Available on their website
Funder Golden Rules
https://www.ucl.ac.uk/research-services/about-us/funder-golden-rules-post-award
UCL Financial Regulations
https://www.ucl.ac.uk/finance/policies-corporate-info/financial-regulations
Expenses Policy
https://www.ucl.ac.uk/finance/policies-corporate-info/expenses-policy
Procurement Policy
https://www.ucl.ac.uk/procurement/policies-procedures
Research Services Post Award Team
https://www.ucl.ac.uk/finance/research/rs-contacts.php