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Building a Budget

Building a Budget. Allowable : does the sponsor allow this cost? Allocable : does the cost directly relate to the project? Reasonable : would a prudent investigator need this item to conduct the research?. Building a Budget. Building a Budget. Building a Budget. Budget Justification

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Building a Budget

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  1. Building a Budget • Allowable: does the sponsor allow this cost? • Allocable: does the cost directly relate to the project? • Reasonable: would a prudent investigator need this item to conduct the research?

  2. Building a Budget

  3. Building a Budget

  4. Building a Budget Budget Justification • This narrative explains why each item on the budget is needed to carry out the research. • Every item on the budget needs to be discussed because the sponsor may use a budget form that doesn’t allow you to list individual items. • You might have to discuss “Plan B”

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