Closing instructions on a sponsored project are most directly determined by the sponsor. The sponsor is responsible for determining when to close out, which may be based on deadlines, budgeting, or other considerations.
If you’re not sure what your company’s policy is, talk to your manager! This blog post will discuss how a company can determine closing instructions for a sponsored project with different types of sponsors (broadly defined). Different types of sponsors may dictate how a company should determine closing instructions for sponsored projects.
For example, some companies might offer deadlines to close out expenditures by; others might have budgeting considerations that would need to be met before the project can be closed. It’s important to know what your sponsor wants you to do before determining when and how to send in progress reports and complete final paperwork on a sponsored project.
This way, both parties will know exactly what needs to happen next! If you’re not sure what your company’s policy is, talk with your manager about their expectations for completing the end phases of this process with input from them as well as other departments like accounting or finance. Together they’ll help you figure out where we