How do I prepare a budget for research funding?

How do I prepare a budget for research funding?

To prepare a budget for research funding, start by outlining your project goals and the resources needed.

What specific items should I include in the budget?

Include personnel costs, equipment, materials, travel expenses, and any indirect costs.

How do I estimate personnel costs?

Estimate personnel costs by calculating salaries based on the time commitment of each team member and their hourly rates.

What if my budget exceeds the funding limit?

If your budget exceeds the limit, prioritize essential items and consider alternative funding sources or cost-sharing.

Can you give me an example of a budget template?

Sure! I can provide a simple budget template that includes categories for each expense type.