What are the common mistakes in research budgeting?

What are the common mistakes in research budgeting?

Common mistakes include underestimating costs, not including indirect costs, and failing to account for inflation.

Can you explain why indirect costs are often overlooked?

Indirect costs, like administrative expenses, are often seen as less critical, but they can significantly impact the budget.

How can I avoid these mistakes in my research budget?

To avoid mistakes, create a detailed budget plan, consult with experienced colleagues, and review past budgets for insights.

What tools can help in budgeting for research?

Tools like Excel, budgeting software, and project management apps can help streamline the budgeting process.