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But on occasion, a person will make a mistake or doesn’t follow the restrictions for the grant. To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints. What are your procurement standards?
Equally, leadership training has become increasingly significant for those who need to be successful at managing and implementing grants, for their leadership skills will have an important effect on their teams and their ongoing efforts to continue procuring external funding. Team Building Effective leadership requires strong teamwork.
The pool of funds available for grants in the US is steadily shrinking given that funding is similar from year to year, and those funds are not keeping up with inflation and labor costs. With this problem in mind, universities have an important role to play in assisting faculty to be successful in their grant applications.
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