What is a grant management plan?

A grant management plan serves as a comprehensive document that outlines the specific procedures and strategies for managing grant funds effectively. This plan includes critical elements such as budgeting, monitoring, compliance with regulations, and reporting requirements. By detailing how the financial resources will be allocated, tracked, and assessed throughout the life of the grant, it ensures accountability and transparency in the use of public or private funds.

The grant management plan is essential for both the grantor and the grantee to understand their responsibilities, track the utilization of funds, and facilitate communication regarding financial and programmatic performance. This structured approach ultimately supports the successful execution of the grant objectives.