Grant Life Cycle at Life

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Grant Life Cycle. In grant management, the linear lifecycle model can be recognized as the funding opportunity, application, award decisions, and implementation/closeout. The duration of an award may vary depending on the nature of the project.

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The grant life cycle provides an overview of the entire proposal submission and administration process. Funding opportunities can come from anywhere: This process may sometimes seem tedious and include complex elements, but it also has a lot of consistency and follows a relatively linear path.

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Managing the lifecycle of a grant involves a service system that demands a variety of professional skill sets to ensure administrative, programmatic, and financial success. In other words, ensure that your idea is aligned with university objectives. As always, the three stages of a grant life cycle remain the same: Funding opportunities can come from anywhere: