The Office of Research and Sponsored Programs (ORSP) in conjunction with Grants and Contracts Accounting provides fiscal and managerial oversight for all externally funded projects. ORSP assists faculty and staff in the administration and management of their awards by providing many services, including accepting the award, setting up the budget, negotiating terms and conditions of contracts and subcontracts, interpreting regulations, prior approval requests, change of PI or key personnel, no cost extensions, reporting, relinquishments, and closeouts.