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The Department of Disaster Assistance would like to enhance its existing grant management experience using the "Grants Management" Public Sector Solution. What are the correct sequential stages involved in the grant management lifecycle?
Correct Answer: A
The grant management lifecycle within the Salesforce Public Sector Solutions' "Grants Management" framework typically follows a structured sequence to ensure systematic processing and management of grants. The correct stages in sequential order are: Plan: Initial stage where the goals, objectives, and framework of the grant program are defined. Apply: Potential grantees submit their applications for consideration. Engage: Interaction occurs between the grantors and the applicants, which can include clarifications, additional information requests, and preliminary assessments. Review: Submitted applications are thoroughly reviewed and evaluated against the grant criteria. Award: Successful applicants are selected and grant awards are officially made. Manage: The ongoing management of granted funds, monitoring of the project's progress, and compliance with grant conditions. Close Out: Finalization of the grant process, including the submission of final reports, financial reconciliation, and formal closure of the grant file. This sequence ensures a comprehensive approach from the initial planning to the closure of the grant, making Option A (Plan, Apply, Engage, Review, Award, Manage and Close Out) the correct answer.
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Answer is: B