What is 'grant type' in SAP PSM-GM - Grants Management?

grant type - Overview

• Component: PSM-GM

• Component Name: Grants Management

• Description: The grant type controls the behavior of a grant in the system. It determines which functions are available, which number ranges are used for grants, and so on. The grant type is user-defined. A grant type must be entered in the master data of each grant created in GM. Once the grant is saved, the grant type so entered cannot be changed.

grant type - Details

• 
  Key Concepts: 
  Grant type is a classification of grants in the Grants Management (GM) component of SAP's Project System and Management (PSM) module. It is used to define the purpose and scope of a grant, and to determine the rules and regulations that apply to it. Grant types are used to categorize grants according to their purpose, such as research grants, training grants, or development grants.
  
  How to use it: 
  Grant types are used to define the rules and regulations that apply to a grant. They are also used to determine the budgeting and accounting rules that apply to the grant. When creating a grant, users must select a grant type from the list of available grant types. This will determine the budgeting and accounting rules that apply to the grant.
  
  Tips & Tricks: 
  When creating a grant, it is important to select the correct grant type. This will ensure that the budgeting and accounting rules that apply to the grant are correct. It is also important to ensure that all required information is entered correctly when creating a grant type.
  
  Related Information: 
  For more information on Grants Management in SAP PSM, please refer to the SAP Help Portal at https://help.sap.com/viewer/product/SAP_PSM/7.5/en-US.