34 CFR § 75.732 - Records related to performance.
(a) A grantee shall keep records of significant project experiences and results.
(b) The grantee shall use the records under paragraph (a) to:
(1) Determine progress in accomplishing project objectives; and
(2) Revise those objectives, if necessary.
See 2 CFR 200.308, Revision of budget and program plans.