Circular lifecycle graphic with four quadrants. The four quadrants represent the following steps in the research process: Plan and propose, setup, manage, and closeout. Plan and Propose includes the development of a sponsored research project to final proposal submission. Setup includes setting up the infrastructure for successful management of your award. Manage includes managing award funds, reporting, and post-award changes. Closeout includes final financial and research reporting, dissemination of data, and records retention.