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8/8/2017RESEARCH BUDGETS 101Aug 2017Presenters Nicole Kit son, Senior Grants Officer grants Vic.ca, 2508533103Debra Anderson, Manager, Research Finances orifice Vic.ca, 2507218079Purpose of presentation
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How to fill out research budgets 101
How to fill out research budgets 101
01
Start by identifying the key components of your research budget, such as personnel costs, equipment costs, travel expenses, and overhead costs.
02
Allocate a certain amount of funds for each component based on your research needs and priorities.
03
Make sure to include any additional expenses that may arise during the research process, such as unforeseen equipment repairs or data analysis services.
04
Consider any funding restrictions or guidelines that you need to adhere to and adjust your budget accordingly.
05
Keep track of your expenses throughout the research project to ensure that you stay within your allocated budget.
06
Review and revise your budget as needed, especially if there are any changes in the scope or timeline of your research.
07
Seek input and advice from colleagues or mentors who have experience in budgeting for research projects.
08
Use budgeting software or templates to simplify the process and ensure accuracy.
09
Double-check your calculations and make sure all expenses are accounted for.
10
Regularly monitor and evaluate your budget to identify any areas where adjustments can be made to optimize your research funds.
Who needs research budgets 101?
01
Researchers and scientists who are planning to undertake a research project.
02
Academic institutions and universities that require budgeting for research grants.
03
Government agencies or non-profit organizations that fund research initiatives.
04
Research managers or administrators responsible for allocating and managing research funds.
05
Anyone interested in understanding the financial aspects of research projects.
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