Create Awards Quickly
Use the Quick Create Award task in the panel drawer to quickly create an award.
Consider these points when creating an award quickly:
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When you create an award using the Quick Create Award task in the panel drawer:
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If a project template is specified in the award template, then that project is automatically associated with the award with the award name and number as the project name and number. If the project is set to use the Automatic project numbering method, then the Project Number field isn't displayed.
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You can create a project that's associated only to a primary sponsor.
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The default award financial plan type is used to create the award project budget.
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You can't use the default financial plan type if it's enabled for budgetary control, but the project template isn't enabled for budgetary control.
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If the default financial plan type isn't enabled for budgetary control, but the project template and the project business unit are enabled for budgetary control, then ensure that the default financial plan type is an unapproved cost budget type.
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If the default financial plan type, the project template, and the project business unit are enabled for budgetary control, then ensure that the default financial plan type is an approved cost budget type.
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While adding funding to resources, ensure that the total amount assigned to the top resources adds up to the total funding amount.
Follow these steps:
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Click Quick Create Award in the panel drawer.
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In the Create Award page, specify the award details as appropriate.
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Click Add Project. Create a project or select an existing project and associate it with the award.
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Click Add Funding. Enter the funding details to create the base funding for the award using the first budget period and external funding source.
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Click Add Funding for Resource. Enter the budget amount for the top resources, such as labor, supplies, equipment, and burden expenses.
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Click Save and Close.
The application validates the data and creates the award contract, project, funding, budget, and control budget. The award contract is created with the contract line, bill plan and project details to generate invoice and recognize revenue. The award funding is created and allocated to the project.