A sponsored project is not considered complete when the SOW is completed. Most sponsored projects require 51³Ô¹ÏºÚÁÏ to complete several activities before the sponsor considers the project complete. These activities are often referred to as the closeout process.
There are various activities associated with closing out a sponsored project. There are usually final reporting obligations, financial reconciliations, and account closeout tasks that must be completed. This section gives a summary of closing an award and describes the process of disabling sponsored program accounts.