What is a logic model in the context of grants management?

A logic model serves as a visual representation that outlines the relationship between program resources, activities, outputs, and outcomes. In the context of grants management, it is an essential tool for program planning, implementation, and evaluation. By illustrating how various components of a program link together to achieve the desired outcomes, a logic model helps stakeholders understand the theory of change behind a project.

This clear depiction aids in aligning funding with specific program objectives, ensuring that resources are directed towards activities that will effectively achieve intended results. Furthermore, it supports the evaluation process by providing a framework that allows for the assessment of the program's effectiveness based on the established connections shown in the model.

Other options provided do not encapsulate the holistic and strategic nature of what a logic model represents in grants management. While a financial report summarizes expenditures, it does not outline the program's logic or intended outcomes. A project evaluation tool might evaluate program fidelity or impact but is not specifically a visual representation of the program elements. An incident report relates to instances of grant misuse, which is unrelated to the structured planning and evaluation focus inherent in a logic model.