What is the difference between an award, a project and a task?
A. A ‘grant’ consists of two main parts: an award and a project. The award represents the funding from the sponsor and includes details such as the start and end dates, VAT, name of the PI, sponsor, and Terms and Conditions. The project describes the way in which the funds are spent. It is also possible to break the project into more than one task. This is useful where departments want to break the project into jobs or work packages.