What type of grant may use a panel of experts during its review process?

Study for the CGFM Exam 1 - Governmental Environment Exam. Engage with flashcards and detailed multiple-choice questions, all offering hints and explanations to prepare you confidently for your exam!

Project grants, also known as discretionary grants, often use a panel of experts during their review process because they involve a competitive application process where various proposals are evaluated based on their merit. The involvement of experts helps ensure that the selected projects align with specific funding goals and demonstrate innovation, effectiveness, and relevance.

In contrast, entitlement grants do not require a competitive process and are typically provided to individuals or groups that meet certain eligibility criteria. Categorical grants are designated for specific purposes and often have predefined requirements, meaning they don’t typically involve a subjective review by experts. Formula grants are distributed based on a predetermined formula and do not necessitate a review process involving expert judgment. Using a panel of experts in the review process enhances the integrity and quality of funding decisions for project grants.

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