Sneak Preview: Success of Grants Will Involve Data Analytics

November 13, 2013 | By Jerry Ashworth | Post a Comment

xgran_bookshot(The following was excerpted from an article in the Federal Grants Management Handbook.) As the federal government looks to reform the grants lifecycle with a greater emphasis on assessing and managing risks, the future of grants will depend upon awarding agency staff who must develop the know-how to collect and analyze data to improve pre- and post-award procedures, create stronger programs and produce better outcomes.

“I expect to see greater emphasis on data standardization, transparency and data sharing, which will require agency officials and their staff to look at technology in a new way,” Jim Burch II, deputy assistant attorney general with the Department of Justice told attendees at a recent National Grants Management Association training meeting. “Limited resources, however, will require agencies to implement new processes to reduce risk and manage data. Big data analytics definitely holds the potential for many agencies to solve problems related to risk.”

Burch said several issues, other than the pending grants reform proposal (see story, p. 1), will greatly affect the future of grants development and management, beginning with economic and budget pressures. Because federal appropriations dollars are shrinking, federal agencies are forced to be more accountable and strategic when using their resources. “With less money to travel [for site visits], our risk exposure is greater, and we have to think about that,” he said. “This creates an organizational risk. We don’t want to take chances or do things that will bring up increased scrutiny in this type of an environment.”

LinkedInShare

Post a Comment

Your email is never shared. Required fields are marked *

*
*