To ensure that the grants that have been awarded to institutions have been properly managed, there is need to perform evaluations. In most cases, the funders will conduct an evaluation of audit before and after the provision of the audit in a bid to prove that they are worth the cause.
This, therefore, lead us the discussion of two types of evaluations that are normally done by the guarantors that are the formative and the summative evaluations. Formative evaluation This is a type of evaluation that is normally conducted by the funders to prove if it is worth injecting their funds into the project. A good evaluation has to be done before indulging in the program course to ensure that it is worth. The evaluation continues to be done throughout the program timeframe as well. Summative evaluation A summative grant evolution is a post-analysis program concerning the achievement of the course that was funded.
It is aimed at giving the results of the aftermath of the whole project. Funders are much interested in this kind of evaluation to determine whether they will involve in a similar project again based on its performance. It is the most preferred type of evaluation by many funders. Having analyzed three different grant proposals, I have realized that two of the proposals were evaluated based on the summative approach while one was evaluated through a formative approach. The similarities that seem to be obvious is that both evaluation processes are aimed at appraising the project performance and is also seen as a way of providing a decision-making framework for the funders. To conclude, having gained a basic knowledge concerning how grant proposals are evaluated, I will ensure that I developed a comprehensive grant proposal that is aimed at meeting the requirements and expectations of the funders.