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Grants Budget: Planning & Preparation
Principal Investigators Association, Oct 2010, Pages: 60
60 Minute Audio Conference presented by Tia Cavender, MA, GPC & Cheryl Kester, MA, CFRE
Avoid the pitfalls of budget planning
Principal Investigators Association has teamed with grant experts, Tia Cavender and Cheryl Kester to provide insight on crafting comprehensive budgets and circumvent hazards to budget planning.
Challenges for Principal Investigators:
- Accurately estimating project budgets; budget changes after an award is granted
- Possible delays from internal processes (e.g., approval from the institution’s sponsored program office)
- Planning personnel expenses and allocating percent effort
- Indirect cost rates and their effect on project budgets
- Providing sufficient detail in the budget narrative
Take-Away Benefits:
- Tips for successful budget planning
- Strategies for navigating institutional approval processes
- A better understanding of how to prepare strong budget narratives
- Suggestions to help avoid common budget pitfalls (e.g., not spending enough money, inaccurate budget estimates, unanticipated post-award changes)
- Samples (e.g., budget narratives), resources (e.g., budget planning checklist), and concrete examples
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