Effective Grant Management Principles

YES! YOU GOT THE GRANT!!

Beyond the proposal approval, this principle ultimately guides you in becoming an effective grant manager

One must take responsibility. It involves complying with regulations, reporting to the funder!! Grant management involves a difficult balancing act- ensuring a meaningful accomplishment in implementation and meeting the set obligations to the funder.

Effective management of any grant at any organizational level, depends on certain core principles. This helps build a relationship of trust with your funders.

1. Organize for the receipt and management of funding- get ready for paperwork to start flowing
2. Project initiation meeting- builds on teamwork
3. Develop a task management plan which strengthens on effective implementation
4. Establish system of compliance management (grants come with strings attached, conditionalities)
- develop a checklist of all the requirements in the grant document
-Do not overlook the critical requirements
5. Establish and maintain a good financial management system
-good accounting systems as per acceptable and universally applied standards
-Effective cost management system (tracking and posting costs appropriately)
Effective reporting system (fair and accurate)

6. Establish a sound procurement system
- follow the procurement guidelines
7. Follow necessary and sound personel practices
8. Establish and maintain a system of property management

 9. Follow sound security, health and safety practices
10. Establish an audit management and resolution process
- regular audits are a sound business practice for any public organization
11. Follow sound ethical practices- honesty and integrity in managing grant funds is a necessity
12. Establish a system of quality
13. Monitor current grant administration trends