Should I include PI time and the associated Full Economic Cost (fEC) on pFACT even though the sponsor will not meet these costs?
A. Yes. Since pFACT is a costing tool designed to calculate the Full Economic Cost (fEC) of a particular project, all costs associated with the running of the project should be recorded on pFACT, regardless of what the sponsor will actually pay for them. This will enable the University to record the fEC of undertaking this project. However, only cost lines allowed by the sponsor’s Terms and Conditions should be included.
