Developing a Proper Budget (Part One)

111212_TECH_money.jpg.CROP.rectangle3-largeIn preparing a proposal, whether for a substantial government award or a small agreement with a private sponsor, it can be reasonably stated that the technical portion, detailing the specific nature of the research or activity, is undoubtedly the most important aspect of creating a strong submission. This does not mean, however, that the other facets of the proposal can be largely ignored. In fact, the opposite is true: With less available funding and the increasing harshness of sponsor guidelines, it is critical to devote the proper amount of time and care to each section of the proposal. Perhaps the best example of this fact is the proposal budget.

Continue reading