Grant management refers to the process of overseeing and administering funds provided by a grant to ensure they are used effectively and in accordance with the terms set by the grantor. This includes planning, implementing, monitoring, and evaluating the use of the funds, as well as maintaining accurate records and reporting on progress. Effective grant management is essential for organizations, such as non-profits and educational institutions, to achieve their goals and demonstrate accountability. It involves collaboration among various stakeholders, including project managers, finance teams, and funders, to ensure that the objectives of the grant are met and that resources are utilized efficiently.