4/5/2023 0 Comments Grant monies![]() Program or Project Grants: These are specific plans that are part of your core mission.General Operating Grants: Also known as unrestricted support, these grants cover daily operations, including salaries and technology, rather than a specific program or project.Capital Grants: These generally are used for facilities, construction, buildings, or equipment.Start-up Grants: These cover the costs of launching a new project or organization.Grant management is required for each and every type of grant, including the following: What Types of Grants Require Grant Management? A good system will result in greater efficiency and effectiveness. And as your organization grows, you’ll waste time and resources if you have a poor system for finding, tracking, and reporting on grants. If you do not submit reports in a timely fashion or fail to meet the goals of the grant, you risk losing the grant revenue and may limit the number of grants you can receive in the future. Avoid Complications and Penalties: If you mismanage grants, you can expect a range of consequences for your organization.You’ll spend less time chasing data and more time reporting the successes of your organization, which can lead to receiving even more grants to fulfill your organization’s mission. Improve Your Grants Process: Strong grant management, with clear leadership and well-defined roles and responsibilities, cuts down on inefficiency.Grant management helps you identify at the beginning the information you’ll need to track - and report back on it - as you implement the grant. Meet Reporting Requirements: Funders have all kinds of reporting requirements, from financial updates to progress checks.The good news is that grant management can help you track grant performance, keep stakeholders in the loop, and improve your ability to collect data and compile reports. Tracking and measuring grant progress is the greatest frustration among grant recipients, according to the 2015 State of Grant Management report by Amplifund. Avoid Frustration: How often do you scramble to compile the report you need for your funder? You’re not alone.The benefits of grant management include the following: As the manager of a grant, you will work across departments, interacting with everyone from the CEO to the people who implement the details of the project to the financial team that tracks the money. Grant management means working with all the key stakeholders in your organization to develop your strategy around grants, identify grant opportunities, implement specific grant awards, evaluate successful projects, and streamline future proposals. Grant management includes strategic planning, efficient grant design, program development and effective tracking, and having sufficient resources to smoothly manage the process. Successful organizations have a solid grant management program that starts long before any grant is awarded. However, grant management is more than simply ensuring that the terms of any grant are met on time and on budget. When you manage a grant, you have to ensure you keep all the promises you made in your proposal - which means staying in compliance with the terms of the grant, following through on all the deliverables, and submitting reports according to the funder’s requirements. Grant management, which some funders call a management plan, first and foremost includes all the administrative responsibilities you must complete during the time frame of the grant. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems. ![]() Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.
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