Which type of Opportunity should be created for renewal grants?

Creating a Child Opportunity for renewal grants is the correct choice because it aligns with the need to maintain a structured hierarchy in Salesforce that reflects the relationship between opportunities. When a grant is renewed, it is typically a continuation or an extension of an existing opportunity.

By categorizing the renewal as a Child Opportunity, you can effectively associate it with the original grant (the Parent Opportunity), establishing a clear lineage and providing context for reporting and tracking the history of grants. This relationship helps in managing grant data and understanding the lifecycle of funding, as well as enabling users to easily access related information.

In contrast, the other types of opportunities do not fit the scenario as well. A Parent Opportunity would be the original grant, and creating one for renewals would disrupt the hierarchical structure designed for easy tracking of related opportunities. Sibling Opportunities imply a separate relationship with no direct continuation context from the original grant. A Lead Opportunity does not typically apply in this context as leads are often used for potential new business rather than renewals of existing grants.

Overall, utilizing Child Opportunities for renewals effectively captures the continuity and relationship inherent in the grant lifecycle within Salesforce.