What type of reports are typically required from the Principal Investigator in NSF submissions?

The requirement for progress reports and financial reports from the Principal Investigator in NSF submissions stems from the need for ongoing accountability and transparency in the use of funding. Progress reports provide updates on the project's status, including achievements, challenges, and any adjustments needed to meet project goals. These reports allow the NSF to assess whether the project is on track and if the objectives are being met.

Financial reports are equally critical as they detail how the allocated funds are being utilized throughout the project. This includes expenses incurred, budget adjustments, and overall financial health. Together, progress and financial reports ensure that the NSF can monitor the project's progress and the appropriate use of its resources, fostering trust in the funded research.

This combination not only aids in maintaining fiscal responsibility but also supports the research process by ensuring that the project is advancing towards its scientific goals. Other types of reports, while important in certain contexts, do not fulfill the same regulatory and oversight functions specific to NSF-funded projects.