What is the guiding principle of non-cumulative awards in grant management?

Prepare for the CAST Project Management FG IV Test. Utilize flashcards and multiple choice questions, each with hints and explanations. Achieve success in your exam!

The guiding principle of non-cumulative awards in grant management emphasizes that each beneficiary can only receive one grant per project. This principle ensures that funding is distributed fairly and avoids scenarios where multiple grants are awarded for the same set of deliverables or outcomes. By limiting beneficiaries to a single grant per project, it maintains the integrity of the funding process, ensuring that resources are allocated efficiently and that no single entity can dominate the funding landscape for a specific initiative. This exclusion of additional financial support for the same project encourages diversity in funding distribution and provides opportunities for a wider range of projects and beneficiaries to be funded.

Other options present different aspects of grant management but do not align with the core principle of non-cumulative awards. For instance, soliciting funds from multiple sources is about resource diversification, while the non-profit orientation of applications refers to the eligibility criteria rather than cumulative funding. Grant retroactivity pertains to the timing of fund disbursement, which doesn't speak directly to the fundamental concept of non-cumulative awards.

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