What are the best practices for budget justification?

What are the best practices for budget justification?

Best practices for budget justification include clear alignment with project goals, detailed cost breakdowns, and evidence of necessity.

Can you give me an example of a detailed cost breakdown?

Sure! A detailed cost breakdown might include categories like personnel, materials, travel, and overhead, with specific amounts for each.

How do I justify indirect costs in my budget?

Justify indirect costs by explaining their relevance to the project, providing a percentage of total costs, and citing institutional policies.

What common mistakes should I avoid in budget justification?

Common mistakes include vague descriptions, lack of supporting data, and underestimating costs. Be specific and thorough.