Responsibility for setting the course of research at the University of Chicago is vested with the faculty. A principal investigator is a member of the academic staff or faculty who bears responsibility for the intellectual leadership of a project. The principal investigator accepts overall responsibility for directing the research, the financial oversight of the award's funding, as well as compliance with relevant University policies and federal regulations as well as sponsor terms and conditions of an award. For the full policy on PI eligibility, please visit the Principal Investigator Eligibility page on the University Research Administration's website.