What are the best practices for research budgeting?

What are the best practices for research budgeting?

Effective research budgeting involves clear goal setting, detailed planning, and regular monitoring of expenses.

Can you elaborate on how to set clear goals for a research budget?

Sure! Start by defining the objectives of your research, then estimate the resources needed to achieve those objectives.

What common mistakes should I avoid in research budgeting?

Common mistakes include underestimating costs, failing to account for indirect expenses, and not allowing for contingencies.

How often should I review my research budget?

It's best to review your budget regularly, at least quarterly, to ensure you stay on track and make necessary adjustments.