No matter what type of institution has applied for and procured grant funding, managing the funding effectively is the cornerstone of

IT Works for Efficient Grant Management
succeeding with the project for which those funds were awarded. A grant manager is tasked with putting together a plan to balance the different tasks required of this position. According to a report by Henry Flood of The Grantsmanship Center, this planning and structure is essential to effective grants management.
This plan for effective grant management and organization can include anything from figuring out how to meet the funding source’s requirements and meeting similar obligations with documentation. It can also include things such as documenting everything according to federal regulations including filing and certifying effort reports, financial reporting period reports, and much more.
Efficient Planning
For this reason, having a plan of action that is not only a reliable one, but one that will be the most efficient possible is something that staff connected with procuring and reporting on the grants always have in place. The plans typically include various online and offline strategies, and sometimes both.
For instance, having a great organizational structure is not strictly an online effort, although it does help if it is. In fact, many administrators find it easier to file some reports, write documents; keep track of time and effort reporting and financial reporting offline, while later transferring that offline work into an online application for official reporting.
Some of the organizational structures EAs tend to use include
- Creating project files specific to each grant that has been awarded
- Complete project and task management plans
- Compliance, financial and purchase tracking and reporting plans
- Security policies and procedures related to projects and organization
- Business practice and records auditing process including resolution steps
- Overall quality control
While faculty may be used to organizing things offline, or used to using a hybrid system, having not yet upgraded to a complete online system, the issue with this is that no matter how efficient the organizational plan is, it will take more time to complete offline. Administrators are doing their jobs twice.
Online = Efficient and Cost Effective
This is why EAs began moving to online systems some time ago, and these days, those systems are more popular than ever. They typically integrate complete organizational control through a web application, thus saving time. A complete grants management system includes everything that an effort administrator or grant manager needs to organize, document and file reports.
This is the type of complete integration and organizational control that the IT Works software systems offer, right out of the box. From complete control over the College administration process for funding to allowing efficient research into even the most organizational intensive grants tracking, the full IT Works has a program that is can help without spending half the grant on implementing it.
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