Muhammad Yasir Arslan

Professorial Dissertation from the year 2019 in the subject Business economics - Economic Policy, grade: 80, University of Canberra, course: Grant Management, language: English, abstract: Grants (government grants, philanthropic grants, and corporate grants) make up a huge part of a developed country's economy. The federal/ national government, state/provincial and territory/ local governments, and councils/ agencies are mainly involved in grantmaking. Grants provide critical funding to local governments, and during times of fiscal constraints, the need to pursue grant funding can become even more critical. Worthy grantmakers mostly federal government contributes in meaningful ways to the creation of a fair and prosperous society by integrating public-private knowledge and resources. In parallel successful grantseeking has become a very challenging in the presence of open competition, diverse priorities, changing politics, and stringent conditions of participation. The trend is satisfactory and consistently increasing so far, however, more collaborative efforts are required to maintain this pace and increase the external funding sources. Grants management is a challenging and laborious process which mainly require administrative and techno-commercial expertise and somewhat project management skills. In the presence of delivery partners, the project management knowledge areas can be enhanced and grouped with the in-house capabilities. There are many important steps before and after the actual granting of funds. The most important part of the process is picking a suitable funding program and/or grant suited to existing enterprise values, vision and strategic objectives.