Management can explain how recipients are expected to benefit from funding and to what end. Program officers understand who and what is eligible for funding, under what conditions funding can be provided, for what purposes, and in what amounts.
Potential applicants are aware of the program.
Eligible projects represent value for money to both the applicant and the program. More deserving recipients are funded and at an appropriate level. Funding is used for the purposes agreed. Problems with project and program performance are resolved quickly. Management reporting demonstrates a good knowledge of program performance.