Dan talks through the importance of timely reporting to grantmakers when milestones are not met, ensuring financial outlays align with project progress.
Failing to meet early milestones means spending increasingly more time in post-award playing catch up, and hurting your chances of nurturing a strong relationship with grantmakers for future funding. This highlights the necessity of involving finance teams in the core grant steering committee to streamline monitoring, and where a purpose-built grant management system is more suitable for tracking grant-funded projects over time as spreadsheets alone do not provide the same visibility.
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