The Research Whisperer

Just like the thesis whisperer – but with more money, how to make a simple research budget.

A napkin diagram of the basic concepts in a project: interviews in South East Asia and trails with a Thingatron

Every research project needs a budget*.

If you are applying for funding, you must say what you are planning to spend that funding on. More than that, you need to show how spending that money will help you to answer your research question .

So, developing the budget is the perfect time to plan your project clearly . A good budget shows the assessors that you have thought about your research in detail and, if it is done well, it can serve as a great, convincing overview of the project.

Here are five steps to create a simple budget for your research project.

1. List your activities

Make a list of everything that you plan to do in the project, and who is going to do it.

Take your methodology and turn it into a step-by-step plan. Have you said that you will interview 50 people? Write it on your list.

Are you performing statistical analysis on your sample?  Write it down.

Think through the implications of what you are going to do. Do you need to use a Thingatron? Note down that you will need to buy it, install it, and commission it.

What about travel? Write down each trip separately. Be specific. You can’t just go to ‘South East Asia’ to do fieldwork. You need to go to Kuala Lumpur to interview X number of people over Y weeks, then the same again for Singapore and Jakarta.

Your budget list might look like this:

  • I’m going to do 10 interviews in Kuala Lumpur; 10 interviews in Singapore; 10 interviews in Jakarta by me.
  • I’ll need teaching release for three months for fieldwork.
  • I’ll need Flights to KL, Singapore, Jakarta and back to Melbourne.
  • I’ll need Accommodation for a month in each place, plus per diem.
  • The transcription service will transcribe the 30 interviews.
  • I’ll analysis the transcribed results. (No teaching release required – I’ll do it in my meagre research time allowance.)
  • I’ll need a Thingatron X32C to do the trials.
  • Thing Inc will need to install the Thingatron. (I wonder how long that will take.)
  • The research assistant will do three trials a month with the Thingatron.
  • I’ll need to hire a research assistant (1 day per week for a year at Level B1.)
  • The research assistant will do the statistical analysis of the Thingatron results.
  • I’ll do the writing up in my research allowance time.

By the end, you should feel like you have thought through the entire project in detail. You should be able to walk someone else through the project, so grab a critical friend and read the list to them. If they ask questions, write down the answers.

This will help you to get to the level of specificity you need for the next step.

2. Check the rules again

You’ve already read the funding rules, right? If not, go and read them now – I’ll wait right here until you get back.

Once you’ve listed everything you want to do, go back and read the specific rules for budgets again. What is and isn’t allowed? The funding scheme won’t pay for equipment – you’ll need to fund your Thingatron from somewhere else. Cross it off.

Some schemes won’t fund people. Others won’t fund travel. It is important to know what you need for your project. It is just as important to know what you can include in the application that you are writing right now.

Most funding schemes won’t fund infrastructure (like building costs) and other things that aren’t directly related to the project. Some will, though. If they do, you should include overheads (i.e. the general costs that your organisation needs to keep running). This includes the cost of basics like power and lighting; desks and chairs; and cleaners and security staff. It also includes service areas like the university library. Ask your finance officer for help with this. Often, it is a percentage of the overall cost of the project.

If you are hiring people, don’t forget to use the right salary rate and include salary on-costs. These are the extra costs that an organisation has to pay for an employee, but that doesn’t appear in their pay check. This might include things like superannuation, leave loading, insurance, and payroll tax. Once again, your finance officer can help with this.

Your budget list might now look like this:

  • 10 interviews in Kuala Lumpur; 10 interviews in Singapore; 10 interviews in Jakarta by me.
  • Teaching release for three months for fieldwork.
  • Flights to KL, Singapore, Jakarta and back to Melbourne.
  • Accommodation for a month in each place, plus per diem, plus travel insurance (rule 3F).
  • Transcription of 30 interviews, by the transcription service.
  • Analysis of transcribed results, by me. No teaching release required.
  • Purchase and install Thingatron X32C, by Thing Inc . Not allowed by rule 3C . Organise access to Thingatron via partner organistion – this is an in-kind contribution to the project.
  • Three trials a month with Thingatron, by research assistant.
  • Statistical analysis of Thingatron results, by research assistant.
  • Research assistant: 1 day per week for a year at Level B1, plus 25.91% salary on-costs.
  • Overheads at 125% of total cash request, as per rule 3H.

3. Cost each item

For each item on your list, find a reasonable cost for it . Are you going to interview the fifty people and do the statistical analysis yourself? If so, do you need time release from teaching? How much time? What is your salary for that period of time, or how much will it cost to hire a replacement? Don’t forget any hidden costs, like salary on-costs.

If you aren’t going to do the work yourself, work out how long you need a research assistant for. Be realistic. Work out what level you want to employ them at, and find out how much that costs.

How much is your Thingatron going to cost? Sometimes, you can just look that stuff up on the web. Other times, you’ll need to ring a supplier, particularly if there are delivery and installation costs.

Jump on a travel website and find reasonable costs for travel to Kuala Lumpur and the other places. Find accommodation costs for the period that you are planning to stay, and work out living expenses. Your university, or your government, may have per diem rates for travel like this.

Make a note of where you got each of your estimates from. This will be handy later, when you write the budget justification.

  • 10 interviews in Kuala Lumpur; 10 interviews in Singapore; 10 interviews in Jakarta by me (see below for travel costs).
  • Teaching release for three months for fieldwork = $25,342 – advice from finance officer.
  • Flights to KL ($775), Singapore ($564), Jakarta ($726), Melbourne ($535) – Blue Sky airlines, return economy.
  • Accommodation for a month in each place (KL: $3,500; Sing: $4,245; Jak: $2,750 – long stay, three star accommodation as per TripAdviser).
  • Per diem for three months (60 days x $125 per day – University travel rules).
  • Travel insurance (rule 3F): $145 – University travel insurance calculator .
  • Transcription of 30 interviews, by the transcription service: 30 interviews x 60 minutes per interview x $2.75 per minute – Quote from transcription service, accented voices rate.
  • Analysis of transcribed results, by me. No teaching release required. (In-kind contribution of university worth $2,112 for one week of my time – advice from finance officer ).
  • Purchase and install Thingatron X32C, by Thing Inc . Not allowed by rule 3C. Organise access to Thingatron via partner organistion – this is an in-kind contribution to the project. ($2,435 in-kind – quote from partner organisation, at ‘favoured client’ rate.)
  • Research assistant: 1 day per week for a year at Level B1, plus 25.91% salary on-costs. $12,456 – advice from finance officer.

Things are getting messy, but the next step will tidy it up.

4. Put it in a spreadsheet

Some people work naturally in spreadsheets (like Excel). Others don’t. If you don’t like Excel, tough. You are going to be doing research budgets for the rest of your research life.

When you are working with budgets, a spreadsheet is the right tool for the job, so learn to use it! Learn enough to construct a simple budget – adding things up and multiplying things together will get you through most of it. Go and do a course if you have to.

For a start, your spreadsheet will multiply things like 7 days in Kuala Lumpur at $89.52 per day, and it will also add up all of your sub-totals for you.

If your budget doesn’t add up properly (because, for example, you constructed it as a table in Word), two things will happen. First, you will look foolish. Secondly, and more importantly, people will lose confidence in all your other numbers, too. If your total is wrong, they will start to question the validity of the rest of your budget. You don’t want that.

If you are shy of maths, then Excel is your friend. It will do most of the heavy lifting for you.

For this exercise, the trick is to put each number on a new line. Here is how it might look.

Simple research budget
Budget items Number of items Cost per item Total cash cost In-kind cost Notes
Melbourne – Kuala Lumpur economy airfare 1 $775.00 $775.00 Blue Sky Airlines
1 month accommodation 1 $3,500.00 $3,500.00 1 month x long stay via TripAdvisor
30 days per diem 30 $125.00 $3,750.00 University travel rules
Kuala Lumpur – Singapore economy airfare 1 $564.00 $564.00 Blue Sky Airlines
1 month accommodation 1 $4,245.00 $4,245.00 1 month x long stay via TripAdvisor
30 days per diem 30 $125.00 $3,750.00 University travel rules
Singapore – Jakarta economy airfare 1 $726.00 $726.00 Blue Sky Airlines
1 month accommodation 1 $2,750.00 $2,750.00 1 month x long stay via TripAdvisor
30 days per diem 30 $125.00 $3,750.00 University travel rules
Jakarta – Melbourne economy airfare 1 $535.00 $535.00 Blue Sky Airlines
Travel insurance: 90 days, South East Asia 90 $1.61 $145.00 University travel rules
Transcription: 30 interviews with foreign accents 1800 $2.75 $4,950.00 Quote from transcription service
Access to Thingatron $2,435.00 Favoured client rate, Thing Inc.
Chief Investigator: 0.2 of Academic D.2 $36,457.00 Includes 25.91% salary on-costs
Teaching relief: 90 days of Academic D.2 $25,342.00 Includes 25.91% salary on-costs
Research Assistant: 0.1 of Academic B.1 $12,456.00 Includes 25.91% salary on-costs
Sub-total
Overheads $84,047.50 University overheads at 125%
Total

5. Justify it

Accompanying every budget is a budget justification. For each item in your budget, you need to answer two questions:

  • Why do you need this money?
  • Where did you get your figures from?

The budget justification links your budget to your project plan and back again. Everything item in your budget should be listed in your budget justification, so take the list from your budget and paste it into your budget justification.

For each item, give a short paragraph that says why you need it. Refer back to the project plan and expand on what is there. For example, if you have listed a research assistant in your application, this is a perfect opportunity to say what the research assistant will be doing.

Also, for each item, show where you got your figures from. For a research assistant, this might mean talking about the level of responsibility required, so people can understand why you chose the salary level. For a flight, it might be as easy as saying: “Blue Sky airlines economy return flight.”

Here is an example for just one aspect of the budget:

Fieldwork: Kuala Lumpur

Past experience has shown that one month allows enough time to refine and localise interview questions with research partners at University of Malaya, test interview instrument, recruit participants, conduct ten x one-hour interviews with field notes. In addition, the novel methodology will be presented at CONF2015, to be held in Malaysia in February 2015.

Melbourne – Kuala Lumpur economy airfare is based on current Blue Sky Airlines rates. Note that airfares have been kept to a minimum by travelling from country to country, rather than returning to Australia.

1 month accommodation is based on three star, long stay accommodation rates provided by TripAdvisor.

30 days per diem rate is based on standard university rates for South-East Asia.

Pro tip: Use the same nomenclature everywhere. If you list a Thingatron X32C in your budget, then call it a Thingatron X32C in your budget justification and project plan. In an ideal world, someone should be able to flip from the project plan, to the budget and to the budget justification and back again and always know exactly where they are.

  • Project plan: “Doing fieldwork in Malaysia? Whereabouts?” Flips to budget.
  • Budget: “A month in Kuala Lumpur – OK. Why a month?” Flips to budget justification.
  • Budget justification: “Ah, the field work happens at the same time as the conference. Now I get it. So, what are they presenting at the conference?” Flips back to the project description…

So, there you have it: Make a list; check the rules; cost everything; spreadsheet it; and then justify it. Budget done. Good job, team!

This article builds on several previous articles. I have shamelessly stolen from them.

  • Constructing your budget – Jonathan O’Donnell.
  • What makes a winning budget ? – Jonathan O’Donnell.
  • How NOT to pad your budget – Tseen Khoo.
  • Conquer the budget, conquer the project – Tseen Khoo.
  • Research on a shoestring – Emily Kothe.
  • How to make a simple Gantt chart – Jonathan O’Donnell.

* Actually, there are some grant schemes that give you a fixed amount of money, which I think is a really great idea . However, you will still need to work out what you are going to spend the money on, so you will still need a budget at some stage, even if you don’t need it for the application.

Also in the ‘simple grant’ series:

  • How to write a simple research methods section .
  • How to make a simple Gantt chart .

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28 comments.

This has saved my day!

Happy to help, Malba.

Like Liked by 1 person

[…] you be putting in a bid for funding? Are there costs involved, such as travel or equipment costs? Research Whisperer’s post on research budgets may help you […]

I’ve posted a link to this article of Jonathan’s in the Australasian Research Management Society LinkedIn group as well, as I’m sure lots of other people will want to share this.

Thanks, Miriam.

This is great! Humorous way to talk explain a serious subject and could be helpful in designing budgets for outreach grants, as well. Thanks!

Thanks, Jackie

If you are interested, I have another one on how to do a timeline: https://theresearchwhisperer.wordpress.com/2011/09/13/gantt-chart/

[…] really useful information regarding budget development can be found on the Research Whisperer Blog here. Any other thoughts and suggestions are welcome – what are your tips to developing a good […]

[…] it gets you to the level of specificity that you need for a detailed methods section. Similarly, working out a budget for your workshops will force you to be specific about how many people will be attending (venue […]

A friend of mine recently commented by e-mail:

I was interested in your blog “How to make a simple research budget”, particularly the statement: “Think through the implications of what you are going to do. Do you need to use a Thingatron? Note down that you will need to buy it, install it, and commission it.”

From my limited experience so far, I’d think you could add:

“Who else is nearby who might share the costs of the Thingatron? If it’s a big capital outlay, and you’re only going to use it to 34% of it’s capacity, sharing can make the new purchase much easier to justify. But how will this fit into your grant? And then it’s got to be maintained – the little old chap who used to just do all that odd mix of electrickery and persuasion to every machine in the lab got retrenched in the last round. You can run it into the ground. But that means you won’t have a reliable, stable Thingatron all ready to run when you apply for the follow-on grant in two years.”

[…] (For more on this process, take a look at How to Write a Simple Project Budget.) […]

[…] Source: How to make a simple research budget […]

This is such a big help! Thank You!

No worries, Claudine. Happy to help.

Would you like to share the link of the article which was wrote about funding rules? I can’t find it. Many thanks!

Hello there – do you mean this post? https://theresearchwhisperer.wordpress.com/2012/02/14/reading-guidelines

Thank @tseen khoo, very useful tips. I also want to understand more about 3C 3F 3H. What do they stand for? Can you help me find out which posts talk about that. Thank again.

[…] mount up rapidly, even if you are in a remote and developing part of the world. Putting together a half decent budget early on and being aware of funding opportunities can help to avoid financial disaster half way […]

This is so amazing, it really helpful and educative. Happy unread this last week before my proposal was drafted.

Happy to help, Babayomi. Glad you liked it.

really useful! thanks kate

[…] “How to Make a Simple Research Budget,” by Jonathan O’Donnell on The Research Whisperer […]

[…] offering services that ran pretty expensive. until I found this one. It guided me through making a simple budget. The information feels sort of like a university graduate research paper but having analysed […]

[…] Advice on writing research proposals for industry […]

[…] research serves as the bedrock of informed budgeting. Explore the average costs of accommodation, transportation, meals, and activities in your chosen […]

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Top 7 Research Budget Templates with Samples and Examples

Top 7 Research Budget Templates with Samples and Examples

Tejas Prasanna

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There is no magic formula for creating a research budget. Depending on the kind of research and the potential changes it can bring about, careful planning and allocation is necessary. Budgets can, thus, vary depending on the sponsors, besides other factors. However, every research budget has some essential guidelines. 

Research budgets depend on the project deliverables, timelines, and milestones. The resources required also depend on the scope of the projects and sponsors.

Best Templates for Planning Your Research Budget

Designing a research budget is not easy. You will need to consider the resources required and categorize them according to guidelines to ensure funding is not a problem. The categories may include the project’s necessary supplies and equipment and the wages you must pay your assistants. Research budgets are allocated for a year, but you can also plan for a quarter, depending on the project.

At SlideTeam, we have taken care of all these pain points and designed content-ready presentation templates that address each of these points. You save the time, the resources, and the tedium in having to make these presentations from scratch. 

What is even better is that each of the templates is 100% editable and customizable. The content-ready nature means you get a starting point and a structure to guide your presentation; the editability feature means you can customize the template to audience profile. 

Let’s explore these templates now. 

Template 1 - Impact matrix evaluation research solution budget

This PPT Template is the perfect solution for your research budgeting needs. The matrix suggests what solutions are essential with the help of relevant keys that assign priority levels. Priorities go from low to highest influence with increasing importance. They are color-coded, with white being the lowest and red being the highest influence. For instance, Maintain Awareness and Evaluation are red in many cases, as shown in the slide. So, that means that they bear a significant impact on the research budget. Similarly, Strategic and Budget Planning are color-coded white, which means they don't impact the research budget as much in some cases.

With the impact matrix and heatmap, mapping out your research budget will be a breeze.

Impact Matrix Evaluation Research Solution Budget

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Template 2  Half-yearly research and development departmental budget

Research and Development departments can plan the budget required for projects for the two halves of the year using this PPT Template. The presentation template highlights areas for which you will need funding such as research and development, skills, innovation and patenting, and cooperation. You can also list your requirements for each area. For instance, under R&D and skills, you may need funding for medical research, chemical research, etc. Similarly, for innovation and patenting, you may need funding for product innovation and to cover patenting costs. Likewise, cooperation may involve setting up new laboratories and research centers. With this outlined, you can split the budget required for your research project for the two halves of the year.

Half Yearly Research and Development Departmental Budget

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Template 3 - Budget Estimate for Research and Development Project

This presentation template for the budget estimate for your research and development project is apt for arriving at the calculation for the four quarters in a year. You can define and assign tasks as per the requirements of the project and allocate a set budget for each. The tasks may involve conducting market research and competitive analysis or be innovative or developmental. In either case, you can use this template to set a fixed budget for each task in the research project.

Budget estimate for research and development project

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Template 4 Clinical Trial Phases with Communication and Budget Research Design for Clinical Trials

Clinical trials involve many phases, and you should let your research associates know about each step. For instance, you could post the information on the company website and provide relevant insights during the pre-trial phase. Similarly, you can offer the welcome letter and training materials during the trial start-up. During the trial, you can send newsletters to your associates, giving them relevant information and other valuable insights. All this requires funding, and you will need to allocate a budget. However, you don't need to worry, as this PPT Preset has you sorted, with dedicated sections for the pre-trial, trial start-up, during-trial, and trial-end phases. It also has communication, insights summary, and budget sections. You can use the budget section in the matrix to allot a budget for each trial phase and each section, including communication and insights. 

Clinical Trial Phases with Communication and Budget

Download here!

Template 5  Market research strategy with budget and area

The PPT Template has all the core elements required for your market research strategy, including the budget and area. This slide lets you list your clients, the items, and when to send them. You can also list background information related to your research, the aim and objectives of the project, the areas covered, and the budget.

The presentation template also provides a dedicated space to list your brands and products and a timeline for completing the research.

Market Research Strategy with Budget and Area

Template 6 - Determine Budget for Psychology Research Proposal One-Pager Sample Example Document

This presentation template is an easy-to-use tool for determining the budget required for psychology research. With this slide, you can allocate a budget for each area, including diagnostic assessment, training, technology and tools, supplies, travel, and workforce. It is a practical, hands-on template with information required to plan the budget for conducting psychological tests and evaluations. Please note that depending on your geography, taxes might or might not deserve a separate column.  

Determine Budget for Psychology Research Proposal

Template 7 - Budgeting for Product Launch Market Research

Every company needs to conduct market research before launching a new product. The PowerPoint Presentation that you have here can help you plan the budget required for conducting such market research. It includes necessary information, including business and research objectives, priorities, methodologies, and forecasts. The presentation template also has the metrics required for the research, such as improving customer engagement, introducing new products, and increasing market share. For example, to improve customer engagement, you may be looking to improve marketing approaches and gather customer feedback. The methods you may use include conducting marketing mix studies and tests. Similarly, you may want to optimize your social media posts and profiles and conduct A/B tests when introducing new products. Improving your market share may involve analyzing the competition. You may even use this handy template for conducting market research, estimating, and forecasting budgets.

Budgeting for product launch market research

RESEARCH IS IMPORTANT BUSINESS

You can plan your research and the budget required using these templates. Remember that each new product launch has lots of research behind it. When going for a new launch, don’t just research the products and its uses, but also the markets – particularly, your target audience and how they will benefit from your brands. When allocating the budget for your research, don't forget to note your total resources and try to be as cost-effective as possible. You must consider the expected costs that you may incur and use these templates to work out a research budget that fits within your resources.

FAQs on Research Budget

What should be included in a research budget.

Research budgets should include all direct costs, and facilities and administrative costs (F&A). The facilities and administrative expenses are needed to achieve the primary objectives of the research. The project description should state the proposed budget and serve as a financial expression for the research. The idea is to ensure that the budget is comprehensive.

How do you create a research budget?

You can create a simple research budget by following these steps:

  • List activities that will help you carry out the research.
  • Check the rules for getting the funding required.
  • Check all costs involved.
  • Lay out the costs using a spreadsheet.
  • Justify your budget by asking why and for what you need the money and where you got your figures.

What is the role of budget in research?

A budget can provide a detailed and clear picture of the structure of the research project, not to mention that it also lets you know how well it can be managed. The research project budget usually lets you see whether it will go according to plan and if it is feasible. So, it must be complete and reasonable.

What is the average budget for a research project?

The budget for a research project depends on the type of research and the proposed difference it could make to a field of study. For instance, the average budget for a market research project may vary between $20,000 and $50,000. Similarly, larger scientific research projects may cost millions or even billions of dollars, as in pharmaceuticals.

Related posts:

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How to plan and write a budget for research grant proposal?

Medical research can have an enormous positive impact on human health. Health research improves the quality of human lives and society which plays a vital role in social and economic development of the nation. Financial support is crucial for research. However, winning a research grant is a difficult task. A successful grant-winning application requires two key elements: one is an innovative research problem with best probable idea/plan for tackling it and appropriate planning of budget. The aim of the present paper is to give an insight on funding agencies providing funding for health research including traditional Indian medicine (from an Indian perspective) and key points for planning and writing budget section of a grant application.

1. Introduction

Why health science research is important and why should it to be funded? Science and technology innovations and health research can have an enormous impact on human health. They improve public health, quality of human lives, longevity and have made society better [1] , [2] . Healthy humans with better quality of life are crucial for the social and economical development of the nation [3] . Medical research led to the expansion of knowledge about health problems/conditions and their mechanism, risk factors, outcomes of treatments or interventions, preventive measures and proper management. Clinical studies or trials provide important information about the safety and efficacy of a drug/intervention. Innovative basic science research had led to the discovery of new technology, efficient diagnostic and therapeutic devices. So, currently, an effort with multidisciplinary approach is a demand for better understanding of clinical conditions and providing safest health care to the community [2] , [4] .

Whether it is basic or applied, clinical or non-clinical, all research needs financial support. Considering the importance of research in economic growth of a nation, many countries are increasing their budget for research and development in science. A study on impact of GDP (Gross Domestic Product) on research and development in science among Asian countries has found that one who spends more on research has more research outcomes in the form of total number of research documents, citations per documents and h-index [5] . About 95% of the NIH (National Institutes of Health, USA), budget goes directly to research awards, programs, and centers; training programs; and research and development contracts [6] . Total expenditure carried out for research in India is too less than USA and China. Percentage of GDP for research and development in India is 0.88%, while South Korea, USA and China have 4.292%, 2.742 and 2.1% respectively [7] .

Owing to the increasing competition among the researchers, especially the young ones, for their academic growth, preparing and planning a winning research proposal becomes very essential. A successful grant-winning application requires two key elements: (1) innovative research problem with best probable idea/plan for tackling it and (2) appropriate planning of budget. The aim of the present paper is to give an insight on funding agencies (from an Indian perspective) and key points for planning and writing budget section of a grant application.

2. What is the purpose of the budget plan in a grant application?

A budget is the quantitative expression of a financial plan for future expenses on the project in a given period of time [8] . Budget plan is a key element of a grant application. It demonstrates the required cost for the proposed project. It is a prediction of expenses and serves a plan for funders on how the organization will operate the project, spend the money in a given set of period and where their money will go. It shows the funders exactly what they can support and also helps the institution and investigating team in management of the project. Moreover, budget plan requires for accountability [9] .

3. Which are the funding agencies that sponsor health research in India?

Various national and international sponsoring agencies have identified health problems of priority for funding a research. Some of the leading funding agencies providing grant for health research including alternative systems of medicine in India are given in Table 1 . State Universities/deemed Universities also have a provision of funding for medical research.

Table 1

List of funding agencies those promote health research.

Sl. no.Funding agenciesWebsite
1.ICMR (Indian Council of Medical Research)
2.DHR (Department of Health Research), Ministry of Health and Family Welfare
3.Ministry of AYUSH (Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy)
4.Central Council for Research in Yoga and Naturopathy
5.Central Council for Research in Ayurvedic Sciences
6.Central Council for Research in Unani Medicine
7.Central Council for Research in Siddha
8.Central Council for Research in Homeopathy
9.DBT (Department of Biotechnology)
10.DST (Department of Science and Technology)
11.Science and Technology of Yoga and Meditation, Ministry of Science and Technology
12.SERC (Science and Engineering Research Council)
13.CSIR (Council for Scientific and Industrial Research)
14.UGC (University Grants Commission)
15.DAE (Department of Atomic Energy)
16.DRDO (Defense Research and Development Organization), Life sciences research board.
17.VGST (Vision Group of Science and Technology, Karnataka)
18.INSA (Indian National Science Academy)
19.Wellcome trust-DBT Alliance India

4. What constitutes a research project budget?

Proforma of the research grant applications and presentation of budget section may vary among the sponsoring agencies. However, major parts of budget plan in the applications of the above mentioned funding agencies are quite similar. The budget section is broadly divided into two categories: direct and indirect costs.

4.1. Direct costs:

These are the costs incurred specifically to carry out a project [10] . Direct costs include expenses towards personnel, materials, equipments, consumables and travel. These particulars are further categorized into recurring and non-recurring expenses on the basis of their occurrence during the study period. A brief description of the sub-sections under direct cost is given below:

4.1.1. Personnel:

Budget for personnel can be mentioned in this section in case human resources are required for the study and as per funding agency guidelines. Salaries with allowances can be budgeted for human resources such as site manager, research assistant, junior research fellow (JRF), senior research fellow (SRF), research associate, technician, data entry operator and attender. Most of the Indian funding agencies do not have a provision for salaries for the principal investigator (PI) and co-investigators (Co-PI). Ministry of AYUSH [11] and Rajiv Gandhi University of Health Science (RGUHS), Karnataka [12] provide one-time minimal fees for investigators and supporting staff respectively. There is a provision for salaries of investigators in Wellcome trust-DBT India alliance grants [13] .

4.1.2. Recurring expenses:

Recurring expenses are those which are variable and which keep on occurring throughout the entire project duration. Particulars categorized in this category are consumables, chemicals, glasswares, laboratory test charges, diagnostic kits, stationery, prints, photocopies, communication, postage, telephone charges, survey tools, questionnaires, publication charges, reprints, binding etc. Other expenses could be allowances for patients/participants, food charges and physician fees.

4.1.3. Non-recurring expenses:

Non-recurring expenses are those which are one-time in nature or which do not recur at regular intervals. Particulars included in this category are equipments or instruments with its accessories, software's, computer, printer, electrical and electronic items and accessories of the existing instrument in your lab. Percentage of budget allocated for equipment varies among the funding agencies from 25% to 90% of the entire budget. Some of the agencies do not have provision for equipment in budget. Vision Group on Science and Technology allocated their maximum grant (up to 90%) for development of infrastructure of laboratories [14] .

4.1.4. Traveling expenses:

Budget allocated for traveling can be used for attending meetings, conferences, workshops and training programs. Foreign travel is not allowed by any Indian funding agency. Traveling expenses for collection of data, survey and visit to other centers in multicentric study can be budgeted in this sub-section.

4.2. Indirect costs:

These are the costs which cannot be directly attributed to specific expenses of a project, but are required to run a project. It is also termed as overhead charges. Laboratory, electricity, water, library and other facilities are provided by the institution to run a proposed research project. Therefore, a fixed cost (usually) of about 5–15% of the total budget is provisioned as institutional overhead charges which goes to the institution directly. The range may, however, be flexible on the basis of the type of funding agency.

5. Budget justification

Most of the funding agencies require submission of a budget justification with all the items described above. Sometimes it is also called as budget narrative. Explanation of need for each line item in the budget with item-wise and year-wise breakdown has to be provided. Quantification of total costs of each line-item and document cost calculation should be done. When writing a budget justification, it is important to follow the same order as that in an itemized budget. For example, if equipment such as color doppler is required, then justify the need of a device with respect to the proposed methodology of the study. Similarly, for non-recurring expenses, breakdown the consumables item-wise and year-wise with its cost and calculation according to the protocol of the study and justify accordingly.

6. Budget summary

An item-wise and year wise summary of the total budget is usually required in most of the applications. Budget summary outlines the proposed grant and often (most of the format) appears at the beginning of the proposal. It should always be prepared at the end, after the grant proposal has been completely developed. A sample budget summary (as an example) for a proposed study for the duration of three years is shown in Table 2 . In the personnel section, a research fellow salary with allowances is budgeted year-wise. The salary of the research fellow for the first and second year is Rs. 2,30,000 per year (JRF) with an enhancement to Rs 2, 59,000 for the third year (SRF) as per the guidelines of the funding agency. As non-recurring expenses are one time in nature, a budget for equipment was budgeted only for the first year. Under the section of recurring expenses, more budgets are allocated in the second year for consumables because recruitment of subjects in large number will be done during the second year of the proposed study. Similarly, expenses toward travel, investigator fee and other miscellaneous costs year-wise have been budgeted. The emoluments and guidelines on service conditions for research personnel employed in research project by ICMR has been given in reference section [15] , [16] .

Table 2

Sample budget summary (year wise).

ItemsTotal1st year2nd year3rd yearBalance10% of the total
Salary (research fellow)7,19,2002,30,0002,30,0002,59,200
Equipment6,40,0006,40,000
Books15,00015,000
Other non-recurring expenditure
Recurring expenditure9,95,0003,92,0005,87,00016,000
TA/DA90,00030,00030,00030,000
Institutional support97,26097,260
Fee of PI and CoI90,00090,000
Miscellaneous expenses36,00018,00018,000
Total26,82,46013,25,0008,65,0004,92,4602,68,246

7. How to plan a simple research budget?

Planning of the research budget begins with an innovative research question, objectives and design of the study. Before starting to write a budget plan, it is essential to understand the expectations of funding agencies, University/Institute and the team of researchers. It is imperative to keep in mind that the research proposal will be reviewed by both scientific and financial (non-scientific) experts. Hence, the proposal should be prepared in such a way that it can be easily understood by even non-scientific experts.

Firstly, a list of what is essential and would add value for research such as focus of research, primary and secondary outcomes of the study, the source of the sample, study setting, sample design and sample size, techniques used to collect data, method of data analysis and available resources should be made [17] .

Secondly, the instructions, format of the application and rules of the funding agency should be read thoroughly. Budget specifications, limitations of recurring and non-recurring costs, and necessity of budget justification with cost breakdown should be checked. Note that one should not deviate or modify the proforma of the funding agency.

Thirdly, a list of items should be made and categorized into recurring and non-recurring expenses. Breakdown of the budget into item-wise and year-wise with cost calculation should be done. It should be ensured that costs are reasonable, allowable and related to the research proposal, so that the budget appears realistic. Travel expenses should be calculated as per the rules of the funding agency.

Fourthly, item-wise and year-wise justification of the requirement in a same sequence of format should be provided. A well-justified budget can enhance the evaluation of the research proposal by reviewers and funding body.

The last most important part is to review the budget and verify the costs and calculation. It is better, if other research team members can review the budget plan and re-calculate the costs thoroughly. Remember, too high budget and too low budget with respect to the research proposal are suspicious and chances of receiving a grant are less.

Sources of funding

Conflict of interest.

Peer review under responsibility of Transdisciplinary University, Bangalore.

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  • How to Write a Research Proposal | Examples & Templates

How to Write a Research Proposal | Examples & Templates

Published on October 12, 2022 by Shona McCombes and Tegan George. Revised on November 21, 2023.

Structure of a research proposal

A research proposal describes what you will investigate, why it’s important, and how you will conduct your research.

The format of a research proposal varies between fields, but most proposals will contain at least these elements:

Introduction

Literature review.

  • Research design

Reference list

While the sections may vary, the overall objective is always the same. A research proposal serves as a blueprint and guide for your research plan, helping you get organized and feel confident in the path forward you choose to take.

Table of contents

Research proposal purpose, research proposal examples, research design and methods, contribution to knowledge, research schedule, other interesting articles, frequently asked questions about research proposals.

Academics often have to write research proposals to get funding for their projects. As a student, you might have to write a research proposal as part of a grad school application , or prior to starting your thesis or dissertation .

In addition to helping you figure out what your research can look like, a proposal can also serve to demonstrate why your project is worth pursuing to a funder, educational institution, or supervisor.

Research proposal aims
Show your reader why your project is interesting, original, and important.
Demonstrate your comfort and familiarity with your field.
Show that you understand the current state of research on your topic.
Make a case for your .
Demonstrate that you have carefully thought about the data, tools, and procedures necessary to conduct your research.
Confirm that your project is feasible within the timeline of your program or funding deadline.

Research proposal length

The length of a research proposal can vary quite a bit. A bachelor’s or master’s thesis proposal can be just a few pages, while proposals for PhD dissertations or research funding are usually much longer and more detailed. Your supervisor can help you determine the best length for your work.

One trick to get started is to think of your proposal’s structure as a shorter version of your thesis or dissertation , only without the results , conclusion and discussion sections.

Download our research proposal template

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Writing a research proposal can be quite challenging, but a good starting point could be to look at some examples. We’ve included a few for you below.

  • Example research proposal #1: “A Conceptual Framework for Scheduling Constraint Management”
  • Example research proposal #2: “Medical Students as Mediators of Change in Tobacco Use”

Like your dissertation or thesis, the proposal will usually have a title page that includes:

  • The proposed title of your project
  • Your supervisor’s name
  • Your institution and department

The first part of your proposal is the initial pitch for your project. Make sure it succinctly explains what you want to do and why.

Your introduction should:

  • Introduce your topic
  • Give necessary background and context
  • Outline your  problem statement  and research questions

To guide your introduction , include information about:

  • Who could have an interest in the topic (e.g., scientists, policymakers)
  • How much is already known about the topic
  • What is missing from this current knowledge
  • What new insights your research will contribute
  • Why you believe this research is worth doing

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As you get started, it’s important to demonstrate that you’re familiar with the most important research on your topic. A strong literature review  shows your reader that your project has a solid foundation in existing knowledge or theory. It also shows that you’re not simply repeating what other people have already done or said, but rather using existing research as a jumping-off point for your own.

In this section, share exactly how your project will contribute to ongoing conversations in the field by:

  • Comparing and contrasting the main theories, methods, and debates
  • Examining the strengths and weaknesses of different approaches
  • Explaining how will you build on, challenge, or synthesize prior scholarship

Following the literature review, restate your main  objectives . This brings the focus back to your own project. Next, your research design or methodology section will describe your overall approach, and the practical steps you will take to answer your research questions.

Building a research proposal methodology
? or  ? , , or research design?
, )? ?
, , , )?
?

To finish your proposal on a strong note, explore the potential implications of your research for your field. Emphasize again what you aim to contribute and why it matters.

For example, your results might have implications for:

  • Improving best practices
  • Informing policymaking decisions
  • Strengthening a theory or model
  • Challenging popular or scientific beliefs
  • Creating a basis for future research

Last but not least, your research proposal must include correct citations for every source you have used, compiled in a reference list . To create citations quickly and easily, you can use our free APA citation generator .

Some institutions or funders require a detailed timeline of the project, asking you to forecast what you will do at each stage and how long it may take. While not always required, be sure to check the requirements of your project.

Here’s an example schedule to help you get started. You can also download a template at the button below.

Download our research schedule template

Example research schedule
Research phase Objectives Deadline
1. Background research and literature review 20th January
2. Research design planning and data analysis methods 13th February
3. Data collection and preparation with selected participants and code interviews 24th March
4. Data analysis of interview transcripts 22nd April
5. Writing 17th June
6. Revision final work 28th July

If you are applying for research funding, chances are you will have to include a detailed budget. This shows your estimates of how much each part of your project will cost.

Make sure to check what type of costs the funding body will agree to cover. For each item, include:

  • Cost : exactly how much money do you need?
  • Justification : why is this cost necessary to complete the research?
  • Source : how did you calculate the amount?

To determine your budget, think about:

  • Travel costs : do you need to go somewhere to collect your data? How will you get there, and how much time will you need? What will you do there (e.g., interviews, archival research)?
  • Materials : do you need access to any tools or technologies?
  • Help : do you need to hire any research assistants for the project? What will they do, and how much will you pay them?

If you want to know more about the research process , methodology , research bias , or statistics , make sure to check out some of our other articles with explanations and examples.

Methodology

  • Sampling methods
  • Simple random sampling
  • Stratified sampling
  • Cluster sampling
  • Likert scales
  • Reproducibility

 Statistics

  • Null hypothesis
  • Statistical power
  • Probability distribution
  • Effect size
  • Poisson distribution

Research bias

  • Optimism bias
  • Cognitive bias
  • Implicit bias
  • Hawthorne effect
  • Anchoring bias
  • Explicit bias

Once you’ve decided on your research objectives , you need to explain them in your paper, at the end of your problem statement .

Keep your research objectives clear and concise, and use appropriate verbs to accurately convey the work that you will carry out for each one.

I will compare …

A research aim is a broad statement indicating the general purpose of your research project. It should appear in your introduction at the end of your problem statement , before your research objectives.

Research objectives are more specific than your research aim. They indicate the specific ways you’ll address the overarching aim.

A PhD, which is short for philosophiae doctor (doctor of philosophy in Latin), is the highest university degree that can be obtained. In a PhD, students spend 3–5 years writing a dissertation , which aims to make a significant, original contribution to current knowledge.

A PhD is intended to prepare students for a career as a researcher, whether that be in academia, the public sector, or the private sector.

A master’s is a 1- or 2-year graduate degree that can prepare you for a variety of careers.

All master’s involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master’s thesis . Others focus on professional training for a specific career.

Critical thinking refers to the ability to evaluate information and to be aware of biases or assumptions, including your own.

Like information literacy , it involves evaluating arguments, identifying and solving problems in an objective and systematic way, and clearly communicating your ideas.

The best way to remember the difference between a research plan and a research proposal is that they have fundamentally different audiences. A research plan helps you, the researcher, organize your thoughts. On the other hand, a dissertation proposal or research proposal aims to convince others (e.g., a supervisor, a funding body, or a dissertation committee) that your research topic is relevant and worthy of being conducted.

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Creating a Budget

In general, while your research proposal outlines the academic significance of your study, the budget and budget narrative show that you have an understanding of what it will cost for you to be able to perform this research. Your proposed budget should identify all the expenses that are necessary and reasonable for the success of your project—no more and no less. The Office of Undergraduate Research understands that estimates, by definition, are imprecise, yet we encourage students applying for funding to research all aspects of their budgets with honest diligence.

If your research requires you to be in the field or in another city, state, or country, travel expenses may include transportation (airline, train, taxi, etc.), passport and visa fees, as well as fees for any vaccinations you may need to travel. Be sure to include anticipated major incidental expenses, such as printing, copying, fees for accessing archives, etc.

Please note that our funding restrictions prevent us from providing support for lab materials, equipment, software, hardware, etc.

Keep in mind these tips:

Convert all foreign currency figures to U.S. dollars.

Round all figures to whole dollars.

Make sure your budget and your proposal are consistent.

Identify areas where you are making efforts to save money!

Browse through these sample budgets for a better idea of how to outline your expenses and contact us if you have questions!

Sample Budget 1

Sample Budget 2

Sample Budget 3

Sample Budget 4

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On this page:

Basic components of a research budget, two models of budget development, other factors affecting your budget.

  • Additional Resources

Budgets should provide the sponsor with an accurate assessment of all cost items and cost amounts that are deemed necessary and reasonable to carry out your project. They should be based upon your description or the statement of work. Budget justification provides more in-depth detail and reason for each cost and is often considered by reviewers as a good indicator of the feasibility of the research.

A research budget contains both direct costs and indirect costs (overhead), but the level of detail varies from sponsor to sponsor. The first step in developing a budget is to carefully read the guidelines of the funding opportunity being pursued.

There is no magic formula available for developing a budget but there are some basic steps to follow in order to develop an accurate budget:

  • Define project tasks, timelines and milestones and determine the actual resources and costs required to complete these. Consider whether contingencies are needed (and confirm they are eligible expenses).
  • Determine the eligible expense categories and maximum amount allowed by the sponsor. Adjust scope of the project to make sure proposed activities fit within the allowance.
  • Categorize these costs (e.g., salaries, supplies, equipment…) per year, in some cases by quarter.
  • Ensure that project scope and budget match. Include indirect costs of research as permitted by sponsor and the University policy.  

The examples below developed by the University of British Columbia demonstrate two ways to include indirect costs in your budget.

  • Price model:  Indirect cost is built into each budget line item.
  • Cost model:  Indirect cost of research is presented as a separate line item.

Unless the sponsor specifies in writing that they require the indirect costs of research to be presented as a separate line item (Cost Model), the indirect cost should be built into each budget line item (Price Model). Indirect costs are normally included in the price of goods and services worldwide.

For example, you are developing a budget for a funding opportunity with an indirect cost rate of 25%. Your direct costs are $201,000 broken down by expense categories shown in the  second column of the table below. The third and fourth colums present the two ways you can include the 25% overhead in your budget using the Price Model or the Cost Model, respectively:

Line item description Direct Cost Price model (indirect cost built into each line item) Cost model (indirect cost presented as a separate line item)
Salary: Post-Doctoral fellow * 1 $42,000 $52,500 $42,000
Salary: PhD student * 2 $43,000 $53,750 $43,000
Salary: Master's student * 3 $54,000 $67,500 $54,000
Digital devices $26,000 $32,500 $26,000
Consumables $15,000 $18,750 $15,000
Travel and subsistence $21,000 $26,250 $21,000
SFU Indirect Cost (25% of Direct Costs) N/A N/A $50,250

In-kind and cash contributions, like other costs to the sponsored project, must be eligible and must be treated in a consistent and uniform manner in proposal preparation and in financial reporting.

Cash contributions

Cash contributions are actual cash transactions that can be documented in the accounting system. Examples of cash contributions include:

  • allocation of compensated faculty and staff time to projects, or
  • the purchasing of equipment by the university or other eligible sponsor for the benefit of the project.

In-kind contributions

In-kind contributions are both non-monetary or cash equivalent resources that can be given a cash value, such as goods and/or services in support of a research project or proposal. It is challenging to report on in-kind contribution, please make sure the numbers you use are well supported, consistent and easy to quantitate.

Examples of an in-kind contribution may include:

  • Access to unique database or information
  • Professional, analytical, and other donated services
  • Employee salaries including benefits for time allocated to the project
  • Study materials, technologies, or components
  • Patents and licenses for use
  • Use of facilities (e.g., lab or meeting spaces)
  • Partner organization time spent participating in the project
  • Eligible infrastructure items

Matching on sponsored projects

Some sponsored projects require the university and/or a third party to contribute a portion of the project costs–this contribution is known as matching.

Matching requirements may be in the form of an actual cash expenditure of funds or may be an “in-kind” match. For example:

  • A 1:1 match would require $100 of a third-party matching for every $100 received from an agency.
  • A 30% match would mean that of a total budget of $100, the agency would provide $70 and a third party would need to match $30.

Examples of agency programs that include some form of matching from a third party are:

  • NSERC Collaborative Research and Development Grants
  • NSERC Idea to Innovation Grants
  • SSHRC Partnership Grants
  • CIHR Industry Partnered Collaborative Research Program, and
  • CIHR Proof of Principle Grants  

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Budget Templates and Budget Justification Templates

The Sponsored Budget Template is an Excel-based tool, with Cornell-relevant equations already saved into over a dozen worksheets.

Worksheets include:

  • General Expense
  • Cost-Sharing
  • Salary 9 month
  • F&A Detail
  • Other typical budget categories

The "Quicktips" tab contains instructions.

Navigate among the worksheets using the arrows on the bottom left of your screen, or click on the tabs.

Download the Sponsored Budget Template (.xlsx)  | Download the Sponsored Budget Justification Template (.docx)

The sample budget template was conceived and created by a team of department administrative managers and OSP staff with the goal of helping researchers and support staff develop sponsored project proposal budgets.

For more information about developing budgets see the  Overview of Costs for Project Budget page. 

Budget, Costs, and Rates

Overview of costs for project budgets (budget and costing guide), employee benefit (fringe) rates, escalation rates, facilities & administrative (f&a) rates, postdoctoral associate minimum salary, grad student tuition, health benefits, and stipend, nih salary cap, per diem rates for travel, weill cornell medicine f&a and benefits rates, proposing cost share.

Join us for a discussion on Cornell’s Research Administration Support System (RASS) new proposal budgeting functionality.

At this session attendees will learn about:

  • Streamlining proposal budgets with RASS
  • General updates and new RASS features
  • Resources available

Presenters:

  • UBC Research + Innovation
  • Support for Researchers
  • Attracting Funding
  • Budgeting and Indirect Costs

Budget Templates

All funded research grants, contracts and agreements are required to include indirect cost recovery.

The required indirect cost recovery for research projects is:

  • 25% on all non-industry funding (governemnt and non-profits)
  • 40% of all direct costs on industry funding (any projects initiated before May 1, 2015 may continue to charge the previous rate of 25%)

The only exceptions to these rates are funds from any of the Tri-Council funding agencies (UBC recovers indirect costs for Tri-Council funds through the Federal Research Support Fund  formerly the Indirect Costs Program. The only exception is the SSHRC-administered Tri-Agency New Frontiers in Research Fund. Applicants to this fund should contact ORS about building indirect cost recovery into their application.) and funds through grant applications which specify an alternate rate. 

Many of the verified exceptions to the standard UBC rate of recovery are listed in the Indirect Costs of Research Verified Rates Table .

Since May 1, 2015, all discretionary powers for the recovery rate of indirect costs (for projects not covered by the standard or published verified rates) has rested with the Deans of the Faculties and not with the Vice-President, Research & Innovation Office.

Below is a sample budget development process.

A researcher creates a proposal for a research project with a government or non-profit partner with the following direct costs:

Direct Costs  

Principal Investigator Honorarium $8,000
Graduate Students (MSc x 2) $38,400 
Research Associate (Project Mgr.) $40,000 
Technician  $14,400
Consumables  $38,800
Equipment  $12,000 
Travel and Subsistence   $4,800 
Non-University Consultant  $3,600 

The following models below demonstrate how to present to the sponsor a budget for this project utilizing the 25% recovery rate for government and non-profit projects.

Unless the sponsor specifies in writing that they require the indirect costs of research to be presented as a separate line item, the indirect cost should be built into each budget line item, as is customary for budgets.

Preferred “Price” Model 

(25% Indirect Cost Built Into Pricing)   

Principal Investigator Honorarium $10,000
Graduate Students (MSc x 2) $48,400 
Research Associate (Project Mgr.) $50,000 
Technician  $18,000
Consumables  $48,500
Equipment  $15,000 
Travel and Subsistence   $6,000 
Non-University Consultant  $4,500 

Alternative “Cost” Model

(only if required by Sponsor) (25% Indirect Cost Separated)  

Principal Investigator Honorarium $8,000
Graduate Students (MSc x 2) $38,400 
Research Associate (Project Mgr.) $40,000 
Technician  $14,400
Consumables  $38,800
Equipment  $12,000 
Travel and Subsistence   $4,800 
Non-University Consultant  $3,600 
UBC Indirect Costs (25% of direct costs) $40,000

Tri-Council Matching or Partnered Grants

For Tri-Council grants requiring funding from one or more funding partners, the Tri-Council agency matches only the direct costs of the partners. Examples of these programs include, NSERC Collaborative Research and Development Grants, NSERC Idea to Innovation Grants, SSHRC Partnership Grants, CIHR Industry Partnered Collaborative Research Program, CIHR Proof of Principle Grants. In these cases, the agency may require that direct and indirect costs be shown separately in the budget submitted to the Tri-council agency. In all cases, an indirect cost recovery rate of 25% (for projects initiated after May 1, 2015, this rate will be 40% for industry partners) must be applied to the matching funds provided by the partner. Indirect costs should not be applied to the funds requested from the Tri-council agency. The only exception is the SSHRC-administered Tri-Agency New Frontiers in Research Fund. Applicants to this fund should contact ORS about building indirect cost recovery into their application

Departmental, Unit and Faculty-Specific Fees

Some departments or units require that an “administrative fee” be charged to each project. It’s expected that consistent recovery of indirect costs of research will alleviate the need for these additional fees. If these additional fees are required, however, indirect cost recovery must still be applied at the standard rate to all direct costs, including the administrative fee.

Sub-Awards to UBC

In multi-site projects, it’s the responsibility of the main site to apply on behalf of each sub-site the appropriate indirect cost recovery for that institution. As a sub-awardee, UBC requires 25% indirect costs recovery to be included in funds from the main site. The only exceptions to this are sub-awards from other academic institutions who’ve received grant funding (e.g. from Tri-Council agencies or NIH), in which UBC has approved the alternate rate. All industry projects must recover indirect costs at the standard rate of 40% , irrespective of where the industry sponsor receives its funding.

Machine and Equipment Purchase Grants

Grants for which 100% of the funds are to be applied toward the purchase of equipment, and not directly connected with a specific research project, are exempt from indirect-cost recovery.

Examples

Research Budget

Ai generator.

budget of a research proposal

Research is highly necessary for a business simply because it helps the company understand the customers, competitors, and the market, in general. The data that the project’s processes bring can make way for the development of company operations. However, all these benefits do not come cheap. Most companies, especially the startups, would even submit proposals   to request grants from federal agencies, loans from banks, and investments from other fund sources. To successfully acquire financial assistance for their quantitative   or qualitative research , it is necessary to produce a research budget document. If by any chance, you are planning to create such a document, our article and variety of examples can assist you! Check them out below!

11+ Research Budget Examples

1. research budget template.

Research Budget Template

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2. Research Project Budget Template

Research Project Budget Template

3. Research Budget Proposal Template

Research Budget Proposal Template

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4. Research Budget Proposal

Research Budget Proposal

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5. Marketing Research Budget

Marketing Research Budget

6. Research Budget Estimate Form

Research Budget Estimate Form

Size: 54 KB

7. Sample Research Budget

Sample Research Budget

Size: 71 KB

8. Budget Research Proposal

Budget Research Proposal

Size: 37 KB

9. Research Budget Format

Research Budget Format

Size: 90 KB

10. Simple Research Budget Template

Simple Research Budget Template

Size: 313 KB

11. Project Research Budget Template

Project Research Budget Template

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12. Research Budget in PDF

Research Budget in PDF

Size: 124 KB

What Is a Research Budget?

A research budget is the breakdown of the estimated income and expenses of a certain research project. According to MyMoneyCoach, budgeting lets individuals and organizations ascertain whether the financial resources are enough to complete a project . Additionally, if the said resources fall short, the process will help them prioritize the much-needed things or activities. Often, people use the term budgets for estimates . Unarguably, most of their elements are alike. The only difference is that budgets highlight how much money is up for spending. At the same time, estimates are predictions of how much money is needed to buy certain things or perform certain activities.

Research: Expensive or Not?

Some entrepreneurs do not know how advantageous research is for their businesses. Upon hearing about business research, the most common question that comes to their mind is whether such an undertaking is expensive or not. Sad to say, the answer is indefinite because its cost will vary depending on your expertise about the subject.

Firms who are not confident enough of their knowledge and experience in business research can hire research companies that can do the job for them. Doing so will approximately cost them USD 1,500 to $30,000, depending on how big the job is. On the contrary, corporate entities who are knowledgeable about the idea of business research can do it by themselves with a little guidance of online sources and other sorts of reference. The cost for it can go down from USD 100 up to USD 5,000.

How To Create a Research Budget

Considering that budgeting involves numbers and figures, you have to be delicate not just to them but also to the itemized entries. Moreover, each of its sections has to comply with the standards to ensure its completeness. By our own research, we are confident that our outline of the necessary guidelines below can help you in making your research budget without any hassle.

1. Describe Research Goals and Objectives

Generally, the research’s main function is to help improve an organization’s workplace operation and the company’s market standing. To effectively set and acquire the necessities for the undertaking, you need to have a better understanding of its specific goals and objectives . Hence, you have to describe them first and foremost.

2. Set the Research Methodology

There are many ways to gather and interpret data for your research. Each of them requires specific materials and equipment, which obviously have a monetary value. Most researchers commonly utilize participant observation, survey methodology , in-person interviews , focus groups, experimental research , secondary data analysis, and mixed methods as their techniques.

3. Specify Target Audience

The target audience is a good basis for your budget . Its volume and demographic can determine how much money you will need for the provision of research materials, such as survey questionnaires and survey forms . For example, if you’re targeting an audience of 10 to 15 people aged 50 to 60, the cost is surely expensive. Most of these people are probably in a nursing home. Aside from preparing them tokens for their participation, you also have to spend some dimes getting into the nursing home, like transportation and the creation of permission slips .

4. Calculate Income

After specifying your target audience, calculate your research’s overall income. Include in your calculations the allotment of your research’s financial assistance. Also, you have to indicate where these funds come from. The total income will be the very foundation of your budget .

5. Reckon Expenditures

Now that you have your income already set, create a list of all the items that you need to spend on. With your income as your basis, distribute the funds according to your priorities to ensure the inclusion of important things or activities, while delaying or eliminating the unnecessary ones.

Once you have successfully set every detail, don’t forget to review each of them one more time. With money at stake, misspellings, miscalculations, and other faults should have no room in your budget . By reviewing your budget before finalizing, you allow yourself to make your data accurate, which is a very crucial quality for research.

What do you mean by the direct and indirect costs of budgeting?

Direct costs refer to the expenses to produce goods or provide services, while indirect costs describe the necessary expenditures for the continuity of business operations.

What are some of the biggest disadvantages of business research?

1. Just like any other type of research, business research is time-consuming.

2. Due to the fast-changing markets, the results of business research can easily become out of date.

3. The business research’s respondents have chances of becoming biased, putting your entire project at risk of having inaccurate information.

What are the phases of budgeting?

Budgeting has five phases. They include preparation and formulation, approval, execution, revision, and control.

American filmmaker, anthropologist, and author Zora Neale Hurston once said, “Research is formalized curiosity. It is poking and prying with a purpose”, and she is right. Through it, we unravel things we never knew we had, whether they’re good news or bad ones. Either way, the discovery of these things can lead to improvement. Funding research is, absolutely, a good idea. However, businesses can only give so much. Some don’t even have anything to offer at all, risking themselves to rely on loans. Because of these facts, researchers have to learn the process of budgeting, as well as their advantages and disadvantages.

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Proposal Budgets

The budget should list all cost details for the year or another appropriate period of time. It should include any applicable salaries & wages, fringe benefits, services, supplies, equipment, publications, travel, other direct expenses, and any facility and administrative costs. A brief outline for developing a budget is included in Michigan Tech's policies and procedures manual .

Sample budgets are available for Michigan Tech researchers in the RD Toolkit .

You can download a budget worksheet (Excel) to help you with this process. Refer to the Guidelines for Budget Development for additional calculation help and information.

Follow these cost considerations when developing your budget:

  • Direct Costs — Costs that can be specifically linked to your project.
  • Fringe Benefits — Compensation made to an employee beyond the regular benefit of payment for work. Fringe benefits are charged using a negotiated rate approved by the federal government in accordance with Michigan Tech’s fringe benefit rate agreement.
  • Indirect costs / F&A / Overhead (these are all the same thing) — Costs that cannot be attributed to a particular project. Examples include utilities, facilities maintenance, library support and general departmental and university administration. These costs are covered in the Current Rate Agreement . Indirect costs may be limited by the sponsor. Be sure to check for this in the solicitation.
  • Cost Sharing and Matching — Cash or in-kind support provided by Michigan Tech or a source other than the main sponsor. Cost-sharing or matching can be prohibited or required by the sponsor. Check for this in the solicitation.
  • Allowable and Unallowable Costs — Allowable costs can be budgeted and expensed under a sponsored agreement, while some costs are simply unallowable. Cost allowability is determined in accordance with federal guidelines and Michigan Tech policy.
  • Subawards / Subcontracts / Vendors — Costs for payment to an organization outside of Michigan Tech to conduct a portion of the sponsored project activity. There are different use cases for these different categories, and with each comes implications in the budget. Subawards and subcontracts have the applicable indirect cost rate applied to the first $25,000. Vendors have indirect cost rate applied on the entire amount. See this Subaward, Consultant, and Service page for more in-depth info.
  • Employees / Independent Contractors — Costs for individuals who are not paid with salary lines in the personnel section of the budget. There is a helpful questionnaire to determine whether someone should be paid as an employee or independent contractor .
  • Student and Postdoc Support — Costs for supporting students can vary by type of student (undergrad, masters, PhD, postdoc) and by department. See the current rates for tuition, stipends, and salary or hourly wages in the “Resources” section of this page. Supporting students may be limited or required by the sponsor. Check for this in the solicitation.

Research Budget Template – 14+ (Word, Excel)

Research is not only a time-intensive exercise; it is also a capital-intensive one and as such, it needs a budget. Drafting a research budget is no walk in the park because you have to know exactly how much will be needed to see the process through, not to mention you may have to account for every penny spent. By virtue of being such a technical document, you will always need some help drafting it; and that’s where the research budget template comes in.

The template enables you to get a rough idea of some of the elements to include in the budget, so you do not run into any financial dead ends. Let us learn more of this critical template and see why you need it.

Medical Research Budget Template

Medical Research Budget Template

A research proposal budget sample is in many ways similar to the research budget sample, only that at this stage, it is still a proposal.

This sample is often written in a linear or tabular format and it details all the expenses that are associated with the proposal project.

Research Proposal Budget Worksheet

Research Budget Proposal Template

Budget for Research Development

Budget for Research Development Template

A research study budget is a document that contains a breakdown of the funds needed to meet the various activities involved in conducting a research study. It is important to remember that a research study is not just intended to develop new methods or improve the existing practices; one of the ultimate goals of the study is profit making by the researchers.

Therefore, this budget should be able to convince stakeholders, more so the sponsors, that the study is a viable cause and that investing their money in it will be worthwhile.

Sample Research Budget Sheet in PDF

Sample Research Budget PDF Template

Research Grant Budget Proposal

Research Grant Budget Template

Research Trip Budget Template

Research Trip Budget Template

A research budget example is basically a sample document of a research budget. As there are possibly hundreds or thousands of types of researches done daily, there is no hard and fast rule on the details that need to be in such a sample document. However, the rule of thumb demands that the names of the researchers be included, along with the identified challenges and expected financial investment for each challenge.

The document can take any form but primarily, the names of the researchers and the expected challenges come on the left-hand side with their corresponding assignments and projected budget for each problem respectively coming on the right-hand side of the document.

Sample Research Budget Template

Sample Research Budget Template

Clinical Research Budget Template

Clinical Research Budget Template

Corporate Research Budget Template

Market Research Budget Template

Hospital Research Budget Template

Hospital Research Budget Template

Student Research Budget Form

Budget for Student Research Template

Research Budget for Project

Research Budget for Project Template

Undergraduate Research Budget Template

Undergraduate Research Budget Template

Research Budget Template (PDF)

Research Budget Template in PDF

Research Proposal Budget Template

Research Proposal Budget Template

Research/Project Budget Template

Supplies Research Budget Template

Faculty Research Grant Budget Template

Faculty Research Grant Budget Template

Research Project Budget Example

Research Project Budget Template Sample

Research Budget Template Spreadsheet

Research Budget Template Spreadsheet

Detailed Research Budget Template

Detailed Research Budget Template

Whether you are an expert or a novice in writing research budget proposals, one thing that’s for sure is that you will always find yourself making purely avoidable mistakes.

As these documents are highly sensitive, mistakes are things you can’t afford; which is why you are advised to always keep a sample template for reference.

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As the nation’s largest public research university, the Office of the Vice President for Research (OVPR) aims to catalyze, support and safeguard U-M research and scholarship activity.

The Office of the Vice President for Research oversees a variety of interdisciplinary units that collaborate with faculty, staff, students and external partners to catalyze, support and safeguard research and scholarship activity.

ORSP manages pre-award and some post-award research activity for U-M. We review contracts for sponsored projects applying regulatory, statutory and organizational knowledge to balance the university's mission, the sponsor's objectives, and the investigator's intellectual pursuits.

Ethics and compliance in research covers a broad range of activity from general guidelines about conducting research responsibly to specific regulations governing a type of research (e.g., human subjects research, export controls, conflict of interest).

eResearch is U-M's site for electronic research administration. Access: Regulatory Management (for IRB or IBC rDNA applications); Proposal Management (eRPM) for the e-routing, approval, and submission of proposals (PAFs) and Unfunded Agreements (UFAs) to external entities); and Animal Management (for IACUC protocols and ULAM).

Sponsored Programs manages the post-award financial activities of U-M's research enterprise and other sponsored activities to ensure compliance with applicable federal, state, and local laws as well as sponsor regulations. The Office of Contract Administration (OCA) is also part of the Office of Finance - Sponsored Programs.

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The Principal Investigator has primary responsibility for budget planning, in consultation with the department chair or director of the research unit. Budgets for all sponsored proposals are subject to review by ORSP.  

A Special Note About NIH Grant-Related Data Sharing Costs

Certain funding agencies (e.g. the National Institutes of Health (NIH)) are increasingly allowing data management and sharing (DMS) costs to be included as direct costs in proposal budgets.

NIH DMS costs should be shared in the appropriate cost category, e.g., personnel, equipment, supplies, and other expenses, following the instructions and providing details as instructed within the applicable form (e.g., R&R Budget Form or PHS 398 Modular Budget Form). 

In most cases, the DMS Plan oversight at U-M will be provided by the principal investigator (PI) and other study personnel. If help is needed, consider these resources:

  • OVPR Research Data Stewardship page - NIH DMSP resources
  • U-M Library - Research Guides - Research Data Management
  • U-M Navigate Webinar - NIH Data Management & Sharing Policy (Nov 1, 2022)

Budget Format

Sponsors often prescribe the budget format that must accompany the proposal, including the specific cost categories that should be identified. The format shown on the sample budget page may be used, however, if one is not specified by the sponsor. Be sure to check with your department, unit, school or college administrator to determine the best practice.

The budget should be subdivided into periods of 12-month duration (unless partial year funding is anticipated). A "starting date" should be specified, since it is essential to ensure accurate budget calculations. If cost-sharing is included, each budget period should include columns for both "Sponsor" and "University" costs. A budget summary should be included for proposals with multi-year funding. All budget entries should be rounded to the nearest whole dollar.

Salary and Wages

The salary category in the proposed budget should include the names and/or titles for all personnel involved in the project. The number of person months or percent effort to be applied to the project should also be shown. Total salary costs can be determined by applying the percentage of effort to the current salary rates. An appropriate escalation rate (e.g., 3%) should be used to determine salary requirements beyond the current fiscal year. While standard percentages are applied to make these calculations, no commitment and no constraint on the rate of increase for a given individual is implied by this procedure.

If a faculty member is working on several sponsored projects, care must be exercised to ensure that no more than 100 percent of effort is committed to the aggregate of all projects and other University responsibilities.

Summer salary:

Summer salary for faculty with academic year (AY) appointments can be figured at one-ninth of their institutional base salary for each month of summer effort. A maximum of two and one-half months may be included for the whole summer. Some sponsors, however, impose specific limitations on summer salaries. The National Science Foundation, for example, usually will not pay for more than two months of summer research at a rate of one-ninth of the AY salary per month.

Technical staff

Costs incurred for the same purpose in like circumstances must be treated consistently. For example, salaries of technical staff should be treated as direct costs wherever the work to be undertaken can be identified with a particular sponsored project. Direct charging of these costs may be accomplished by specifying individual positions within the project budget or through the use of recharge rates or specialized service facilities, as appropriate under the circumstances.

Administrative and clerical support

The salaries of administrative and clerical support staff normally should be treated as indirect costs . However, it may be appropriate to charge these costs directly to a sponsored project when the participation of the administrative/clerical staff being charged to a federal project meet all four of the following conditions as set forth in §200.413 of the Uniform Guidance:

“(1) Administrative or clerical services are integral to a project or activity;

(2) Individuals involved can be specifically identified with the project or activity;

(3) Such costs are explicitly included in the budget or have the prior written approval of the Federal awarding agency; and

(4) The costs are not also recovered as indirect costs.”

The meaning of (4) is the same as that of 200.403(d) above. That is to say, the project must require support services beyond the normal scope necessary for the typical sponsored project (i.e., it is an unlike circumstance).

Personnel may be hired to work on a sponsored project on an hourly basis for periods up to 12 months. Individuals hired on this basis receive no staff benefits other than Social Security and should be advised accordingly. The Personnel Service Center should be consulted to obtain the appropriate hourly rates for various categories of employment.

Staff benefits are charged to sponsored project accounts on a real cost basis. Depending on the mix of personnel assigned to the project, the staff benefit rate may show significant variation. While it may be possible to apply an average benefit rate (30%), it may be more appropriate in some situations to calculate the staff benefits on an employee-by-employee basis. The range of applicable benefit rates are provided in Staff Benefits Table .

GSRA Compensation, Tuition, and Benefits

GSRA Cost Estimates are for budget estimating purposes only and may vary from school to school. A GSRA appointment may be held from May through August, even though the GSRA is not enrolled in the University during that time. If the appointment is for the winter and fall terms, the fringe benefit charges should be budgeted for the full year, since the student is eligible for coverage during the intervening summer even though he or she is not on a GSRA appointment at that time.

The non-resident tuition differential is provided by the University for out-of-state students appointed as GSRAs. In-state tuition should be charged to sponsored accounts for GSRAs with appointments of 25% or greater. However, Schools and Colleges may provide tuition fellowships to cover a portion of the in-state tuition for GSRAs (see GSRA Cost Estimates ). The portion of the in-state tuition that remains after the fellowship is applied must be included on the grant as a charge to the sponsor.

In-state tuition charges should not be included as part of the GSRA stipend. The modified total direct cost (MTDC) base on which the University's indirect cost rate is calculated must exclude tuition charges. Therefore, indirect costs are not recoverable on tuition charges included in proposals for which the indirect cost rate is based on MTDC. Please contact the appropriate ORSP Project Representative should you have any questions.

Consumable Supplies and Materials

Consumable supplies are items used exclusively in support of project objectives. If it can be demonstrated that such supplies are used only in the conduct of the project and not for other purposes and are consumed completely in the course of the project, such items can be included as direct costs. Laboratory supplies, laboratory notebooks, printer paper for research data and reports, and so forth usually can be justified as consumable supplies. However, when supply items are purchased to support the multiple activities of project personnel, they are considered office supplies and cannot be charged directly to federal funds. Such items would include University stationary, pens, tablets, file folders, staples, paper clips, etc.

The estimated costs of consumable supplies and materials should be indicated in the proposed budget. It is generally acceptable to sponsors to provide a breakdown of supplies and materials by broad categories as opposed to the detailed listing of individual items. Contracts awarded by industries holding a prime contract with a federal agency, however, may require detailed itemization of supplies.

Major items of equipment proposed for acquisition should be itemized by descriptive name and estimated cost, and an adequate justification should be provided in the proposal narrative. Items costing less than $5000 or with a useful life expectancy of less than one year normally should be included under "Supplies and Materials." Shipping and/or installation charges associated with equipment acquisitions should be included in the cost estimates but generally are not itemized.

Specialized Services

Charges for computing services should be budgeted whenever these costs are justified. It is essential, however, that the budget clearly differentiate between central computing services provided by Information Technology Services and other computing services.

Other specialized service centers that have an approved user rate should be included in the proposed budget on a cost basis that reflects the recharge rates with the anticipated number of hours or other units of service clearly indicated. Once established, the schedule of rates must be applied to all users of the services/facilities, including internal-university users. Recharge rates are designed to recover, over the long term, not more than the aggregate cost of the services provided. The recharge/user rate should be included as part of the modified total direct cost (MTDC) for the project and should carry the appropriate indirect cost rate .

Consultants and Subcontracts

Federal agencies frequently establish a maximum daily rate of pay for consultants--specific dollar limits for various agencies are available from ORSP. The University must enter into a formal agreement with the consultant prior to the initiation of his or her effort. Consultant agreements as subject to the full recovery of indirect costs at the rate applicable to other direct cost items in the proposed budget.

The entire cost of a subcontract is normally shown as a single line item under "Other Direct Costs." A formal proposal from the subcontractor--including a statement of work, a detailed budget, period of performance, and key personnel--should be included to support this cost element. The Project Director should provide an explanation of why and how the proposed sub-contractor was selected, including the number of bids obtained.

Subcontracted effort requires a formal agreement between the University and the subcontractor, signed by a University official authorized to enter into contractual agreements on behalf of the Board of Regents. See: the Subcontracts and Hybrid Purchase Orders web page for criteria and procedures. Indirect costs are recovered on the first $25,000 of each subcontract.

Indirect Costs

Indirect costs are real costs of University operations that are not readily assignable to a particular project. The sample budget illustrates the procedures for applying the indirect cost rate .

Human Subject Fees

Human subjects often are paid a fee for their participation in research projects. Protocols for the use of human beings in research, teaching, or testing are reviewed and approved, according to federal, state and university policies. (See: Human Research Protection Program )

Other Costs

Funds may be requested from the sponsor to cover travel costs associated with the proposed project. Sponsors often require a breakdown of such travel costs by trip, reflecting the purpose, point of travel, number of persons, number of days, air fare, lodging and meal costs (per diem), and so forth. If foreign travel is contemplated, the proposal should include relevant information (including names of countries to be visited) and justification. Some sponsors have special regulations (e.g., use of domestic air carriers) governing foreign travel.

Costs of preparing and publishing reports of project results should be included in proposed budgets. Since page charges often are billed well after the completion of the research, it may be necessary to secure time extensions to pay these charges prior to the time that the project is closed out.

Other anticipated direct costs should be itemized--for example, equipment rental, maintenance agreements, or off-campus space rental. Telephone services and postage should not be included unless these costs are expected to be major elements in the project (e.g., telephone surveys). "Miscellaneous" or "contingency" categories should not be included. Items normally considered indirect costs should not be included in the proposed budget unless they are extraordinary and for unlike circumstances (e.g., utility costs required to operate a high-energy particle accelerator).

Network costs, including the hardware, software, personnel services, public access sites, and other related costs required to enable University personnel to share software or data or to communicate electronically with other individuals, are generally considered to be part of the physical infrastructure of the University and should not be included as direct costs in the proposal budget, as these costs are indirect in nature and included as a component of the Facilities & Administrative rate. However, individual workstations and specialized hardware and software attached to the network, which are not available to all users, are not included as part of the network costs and therefore may be treated as direct costs and recovered from sponsored projects through the use of approved recharge rates.

Questions regarding the appropriate treatment of network costs as either direct costs or Facilities & Administrative costs in proposal budgets should be forwarded to the Office of Research and Sponsored Projects.

References and Resources

  • Direct Cost Other than Salaries
  • Graduate Student Salaries (GSRAs)
  • Staff Fringe Benefits
  • Rackham Cost Sharing for Federal Training Grants
  • Sample Budget Table
  • Contact your unit-level research administrator  for the best practices for your department, school, college, or unit.
  • Contact your ORSP Project Representative regarding any questions about University policies and procedures.
  • Contact the  Office of Contract Administration  for further information on subcontracts and consulting agreements.
  • For information on how to pay human subjects, please see the  Treasurer's Office requester/study-coordinator resources  and the  HSIP (Human Subject Incentive Program .
  • Budget Reallocation Process (formerly 7471)
  • Direct Costs
  • Facilities and Administrative Costs (F&A)
  • HSIP (Human Subjects Incentives Program)

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Budget for a research proposal

  • PMID: 8485177
  • DOI: 10.1097/00001610-199304000-00006

As a result of the growing consumer demand to cut health care costs, employing institutions cannot be expected to finance research studies. Therefore, outside funding must be found. The proposal budget is critical to the success of a study. A reviewer can determine much about the principal investigator's ability to conduct the proposed study by scrutinizing the budget; therefore, the budget should not be treated as an afterthought. A good budget consists of three separate parts: the budget, the budget explanation, and a section in the narrative devoted to the budget. Ask for the funds that are needed to complete the study and then justify the need. The goal of a good budget is to answer the reviewers' questions before they occur.

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  • Budget proposal templates: 5 steps to s ...

Budget proposal templates: 5 steps to secure funding

A budget proposal summarizes the estimated costs for an upcoming project in order to secure funding from project stakeholders. You can also use budget proposals on the company or campaign level. Learn how to create a detailed budget proposal using our free template.

When you have an idea for a new project, you’ll need the right people on board to bring it to life. While your team members can create the deliverables, projects often can’t move forward without funding—which requires approval.

In this article, we’ll cover how to create a detailed budget proposal. A strong project budget proposal can be the deciding factor in whether your project initiative becomes a reality or needs to go back to the drawing board. Then, use our free template to get started.

What is a budget proposal?

A budget proposal summarizes the estimated costs for an upcoming project in order to secure funding from project stakeholders. Your budget proposal breaks down the cost elements associated with your project. This shows stakeholders the benefits and/or drawbacks of getting involved.

The costs you include in your budget proposal will likely fall into four categories:

Direct costs: Direct costs are expenses directly related to the project in question. These can include labor costs, team member hours, software, and the cost of specific project activities. 

Indirect costs: Indirect costs don’t relate directly to the project in question. These items may help you run your project, but they may also help run the entire company. Indirect costs are typically expenses like utilities, insurance, IT services, and server fees.

Equipment and materials: The equipment and materials section is actually a sub-category of direct costs because these are physical items you’ll need specifically for the project in question. However, because these items are unique in nature, they get their own section in the budget proposal.

Travel and other expenses: A project may require travel expenses if clients or customers are involved. Other expenses may include training, taxes, and other unexpected or variable fees.

In this article, we cover how to draft a budget proposal for a project. However, you can also use budget proposals at the company or campaign level.

What are the benefits of using a budget proposal?

A budget proposal breaks down the expenses you’ll incur during project execution. A clear budget proposal can help your team and others involved in the following ways:

Creates financial transparency: A budget proposal offers transparency by making finances an open topic of conversation as soon as you develop a project idea. Project transparency increases team productivity because it shows team members how their work connects to the larger picture. In a similar fashion, seeing the project budget connects stakeholders to the internal work process.

Shows project value and impact: Budget proposals are a great way to give your stakeholders an idea of how the project will provide value for your organization and to the outside world. By showing what you’re spending money on—and why spending money on a particular project or initiative matters—you’re implicitly presenting the validity of your project ideas.

Displays cost efficiency: A budget proposal is a chance for you to do research and choose materials, vendors, or other services that may fit your product and target market. By breaking down the costs in each area, you can prove the cost efficiency of your project. 

Helps forecast profits: If your project involves the creation of a product or service, a budget proposal can help you share your sales forecast . You’ll need to know what you plan to spend on a project so you can determine your net earnings.

Provides opportunity for comparison: Once the budget proposal is complete, stakeholders can compare it to current and past projects to decide whether to move forward. 

[inline illustration] benefits of using budget proposals (infographic)

While the purpose of a budget proposal is to receive funding or approval, you can also use your budget proposal as a budget plan for when the project becomes reality. 

How to create a budget proposal template

Your budget proposal template is informative for stakeholders who may fund the project, but it’s also helpful for your internal team. When you get to the project planning stage, you can use your budget proposal for things like team utilization rate and resource allocation . 

[inline illustration] 5 steps for writing a project budget proposal (infographic)

1. Describe your project objectives

To introduce your project budget proposal, start with an overview of your project objectives . By explaining what your project is about and the goals you hope to achieve, you can provide context for your budget proposal. Without context, your potential stakeholders may have trouble understanding what—and why—you plan to spend in certain areas.  

You may include a budget proposal within a larger project plan , but budget proposals can also stand alone. If a stakeholder solely has a financial stake in your project, then they may not want to read about detailed project timelines and workflows . However, they’ll need to understand the high-level purpose of the project to feel comfortable approving your project budget.

2. Summarize cost elements

After you briefly explain your project objectives, include a summary of cost elements. Your cost elements may include direct and indirect costs, equipment and materials, travel costs, and miscellaneous expenses.

This section is essentially a table of contents and lists the various types of costs you’ll break down. Every budget proposal should include a list of cost elements so stakeholders can preview the information they’re about to read.

Depending on the project type and industry you’re in, your cost elements can sway from the traditional categories. For example, SaaS companies may not need much in the way of physical equipment or materials, but they often spend money on things like online services, subscriptions, freelancers, and software. Alternatively, manufacturing companies often invest heavily in machinery and other long-term equipment. Summarize your cost elements based on your largest expense categories.

3. Break down costs

Once you’ve listed your cost elements at the category level, it’s time to break down your costs one by one. This is your chance to dig deeper into the details and give your stakeholder a clear picture of where you plan to spend it, and why these expenses are necessary.

For both direct and indirect costs, list the following details when breaking down your costs: 

Cost type: List the type of cost included in each category. Cost types may include team wages, utilities, server fees, or specific project costs.

Amount: Explain what the expense costs at its most basic level. For example, you may have a team member working for $25 per hour. If you have team members with different hourly rates, put them on separate lines.

Hours: If any of your expenses occur hourly, list the number of hours associated with that cost. This may include the number of hours a team member will work on your project. This number could be anywhere from 40 hours to 1200 hours if you have multiple team members working on a project for an extended period.

Cost explanation: Provide additional detail for the cost in this section. For example, you can explain that you’ll have four team members working on the project—all paid at $25 per hour. Each team member will work 25 hours per week for 12 weeks, resulting in 1200 hours of work.

Total cost: Calculate the total cost of each expense across the entire project. For example, it will cost you $30,000 to pay all four team members for 1200 hours of work. 

Equipment, travel, and miscellaneous expenses aren’t that different from your direct and indirect costs. But because these are more likely to be physical items, you can add areas for quantity and unit price versus hours. Explain each cost within your cost breakdown and provide singular and total costs for each item. This should give stakeholders a clear idea of your project budget .

4. Provide a cost summary

This section is a quick and simple look at all your expenses. Stakeholders need an itemized list of what you plan to spend money on, but they’ll also want a section of your budget proposal that clarifies total costs.

Some may also want to scan through the document and pull these numbers out quickly. This section makes your total budget clear for each cost element, as well as the total budget in its entirety.

5. Submit for approval

Once you’re confident in the budget items you’ve listed, it’s time to submit your budget proposal for approval. Add a signature area to the bottom of your document so stakeholders can sign off on the document once they’ve approved it. 

Budget proposal template and example

In the budget proposal sample below, you’ll see how two team members organize expected project costs for an upcoming social media campaign. 

This budget proposal lists direct and indirect costs associated with the campaign, including things like team wages and utilities.

[inline illustration] budget proposal (example)

This is only a preview of what their budget proposal may look like in its entirety. To create your own budget proposal, download a free template below.

Track and share your financial goals with Asana

A budget proposal is a great way to plan for an upcoming project. But to go further, you’ll need the right tools at your disposal. With work management software , you can create financial goals for projects and larger initiatives, and track them from initiation to completion.

As your projects expand and change, you can adjust your budget and share your data with others. Whether you’re managing expenses or running meetings, you can do it all with Asana .

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A research proposal is a paper that proposes a research project , usually in the sciences or academia and generally constitutes a funding request for that study. A budget is one of the key components of a research proposal and serves as a blueprint for spending the funds from the project. An effective budget for the proposal outlines the proposed project in fiscal terms and helps reviewers determine how the project is to be carried out.

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Direct Costs

Indirect costs, 1. list your activities.

  • Interviews: 20 in Sydney; 10 in Perth; 15 in Melbourne.
  • I’ll need three months of teaching release for fieldwork.
  • Flight tickets for travel required.
  • Accommodation for at least a month in each place.
  • The results will need to be transcribed.
  • A research assistant will be required.

2. Check the rules again

3. cost each item, 4. put it in a spreadsheet, 5. justify it, more in budget templates.

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How to write a research proposal: top tips for busy students

How to write a research proposal: a detailed guide for students

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A professional writer with ten years of experience and a Ph.D. in Modern History, Catharine Tawil writes engaging and insightful papers for academic exchange. With deep insight into the impact of historical events on the present, she provides a unique perspective in giving students a feel for the past. Her writing educates and stimulates critical thinking, making her a treasure to those wading through the complexities of history.

How to write a research proposal? Although writing academic papers and completing projects is part of the routine of any young learner, this assignment can often be troublesome. Still, if you are looking for professional research proposal guidelines, you’ve come to the right place. In this post, we’ll go down the rabbit hole and discover all the best ways to complete this assignment easily and quickly. 

Research proposal: meaning and description

Research proposals are not easy to write. However, if you follow our tips and tricks, you will achieve all your academic goals. As a rule, you need to develop a strong research proposal before you start working on your research paper. In other words, it’s like preparing a list of ingredients for cooking your main course. 

Your paper will generally contain a topic (well, that’s the most straightforward component), your research questions, methodology, and the significance of the chosen field. However, the requirements might differ depending on your academic level and the overall complexity of your paper. 

Why a good research proposal matters

What do I need to compose a proposal writing? Many bright minds ask this question. The answer is that it has many goals. First and foremost, it allows learners to clarify their ideas and get approval from their teachers or professors. The second thing about this writing is that it helps students create a well-structured and properly formatted paper before diving too deep into the research paper. As a rule, you must submit your proposal before you start working on your research project, thesis, or dissertation. 

Top components of a research proposal

Your research proposal must cover many experts. For your convenience, we’ve prepared a list of top features you are expected to have in this type of writing. 

  • Topic: Similar to a research paper, your proposal must have a precise topic. It should be understandable, fresh, and sharp. And, of course, it should be focused on your research for 100%.
  • Intro: This is background info for your topic. In most cases, it highlights the importance of your study and describes the research objectives. 
  • Literature review: What literature is related to the chosen niche? What unresolved questions does your field have? Why do you need to conduct the research? Your literature review helps you prove that you have already conducted the primary research and understand the selected topic well. This point is a must-to-write for all research proposals.
  • Research questions: What questions will your study address? Make sure they are unique, measurable, and achievable.
  • Methodology: In this field, you must specify the methods and techniques you will use to collect and process your findings. 
  • Timeline: Every project has its deadlines and milestones. You will need to create an approximate schedule for completing your assignment. This schedule must include time for collecting information, advanced data analysis, and writing. 
  • Reference: As with the other academic assignments, you must develop a reference list for your paper proposal. 
  • Appendices: This is the best place to provide your supplementary artifacts and other materials. 

How can you understand your research problem 

Now that you have a better understanding of a research proposal, what’s next? Below is a simple step-by-step solution for writing a research proposal. 

Spotlighting the research gap

Identifying a research gap for a research proposal involves several stages. Firstly, you will need to review existing literature in your field. This will allow you to pinpoint areas where knowledge is lacking or contradictory. For example, you can search for some unanswered questions that require more investigation. After that, you may consider recent developments or emerging trends that created new gaps in existing research. Finally, you should critically evaluate your expertise and interests. 

Developing your main research question

Developing your main research question for a research proposal usually involves the following critical steps: 

  • Brainstorming ideas and narrowing down your topic to a specific field. 
  • Clarify the gaps you’ve discovered in the previous stage.
  • Formulate your main research question.
  • Double-check your question for relevance and clarity.
  • Refine your research question and make sure it fully aligns with your goals. 

Choosing your top-notch research objectives

Now, it’s time to dive into the ocean of your research proposal objectives. Although there might be too many goals, you must select only the most important ones. Moreover, it requires careful consideration and strategic planning. The best approach to this task is to start by identifying the main purpose of your research. After that, you may try to connect your goals with the main questions and the research gap. Not to mention, make sure to focus only on realistic goals during your objective’s research design. 

Working on your literature review

If you look at any good-written research proposal example, you will notice that it always has a literature review section. To complete it easily, feel free to follow these easy steps:

  • Gather articles and texts that address these themes.
  • Critically analyze and synthesize the findings from the chosen sources.
  • Organize your literature review thematically or chronologically.
  • Conclude by summarizing the current state of knowledge and explaining your proposed research's contribution.

Selecting the research methodology 

When choosing the most fitting research methodology, consider the following parameters: 

  • Define the research questions to guide your methodology selection.
  • Evaluate different research methodologies (for example, you can choose quantitative, qualitative, or mixed methods.)
  • Consider practical factors, including resources, time constraints, and access to participants.
  • Choose a methodology that aligns with your research goals and theoretical framework.
  • Explain how the chosen methodology enables you to collect relevant data and generate insights for your research proposal.

Developing the introduction

There is nothing new about the introduction being one of the most impactful parts of any academic paper. To succeed in writing your assignment, you must follow many rules and requirements. So, here is a quick start on how to complete this part like a real pro. 

Collecting the background information

Writing a research proposal is never an easy task. However, a good introduction with properly arranged background information is one of the keys to success. You can begin by introducing the broad study area and its significance in the academic or practical realm. After that, you can provide historical context or foundational theories relevant to the research topic. It is always a brilliant idea to summarize past research and scholarly discussions related to the subject and highlight your key findings and knowledge gaps. After all, connect your background info and the proposed research. You can also add a smooth transition to your problem statements and research proposal purpose. 

Arranging the study context

This part of writing is one of the most complicated. However, the tips below might help you cope with it more easily. 

  • Describe your research's social, cultural, economic, or environmental context.
  • Identify any trends, developments, or events that underscore the relevance of the research significance.
  • Highlight any specific challenges or opportunities presented by the research context.
  • Emphasize the need to address the identified research problem.

Describing the research problem and objectives

This section articulates the specific research problem the proposal aims to address. The research problem is the focal point of the study, representing the gap or issue in knowledge that the research seeks to explore. Always make sure your objectives provide clear and measurable targets for the study.

Demonstrating the significance of the study

All excellent research proposal examples can boast of having an outstanding demonstration of the significance of the study. And you can do that, too! For these purposes, follow this easy schema: 

  • Discuss the broader significance of the research topic within its field or discipline, emphasizing its relevance and timeliness.
  • Identify the potential contributions that the proposed research is expected to make.

Composing the research methodology

You might feel tired of all the rules, but it’s not the time to give up. Your research proposal template desperately needs a sound research methodology. So, let’s get started! 

Determining the right research design

When determining the right research design for your proposal, consider the following tips:

  • Clarify your research questions and objectives.
  • Explore various research designs and methodologies that can fit the research proposal structure well. This approach will help you identify the best options for your research aims.
  • Consider practical constraints. You need to consider time, budget, access to participants or data, and ethical considerations.
  • Pilot-test your research design. It is always good to conduct a pilot study or small-scale test to assess the feasibility and effectiveness of your chosen research design in the primary stage of the research proposal template development. 

Choosing the research participants

Always consider the practical aspects of participant selection, such as accessibility and feasibility. Finally, be transparent about the participant selection process in your research proposal.

Collecting data: your most fitting methods

Any student is required to select the most suitable methods of data collection for their assignment. Here are a few tips for your convenience: 

  • Choose methods that best capture the data needed to address your research questions and objectives.
  • Assess the practicality of each method in terms of resources, time, and access to participants or data sources.
  • Select methods that yield data with high reliability and validity.

The truth is that every research proposal format requires diverse methods of collecting data. So, always adapt them to your specific writing. 

Creating the plan for data analysis

In this step, you will outline the specific techniques and procedures you will use to analyze your research data. This includes selecting appropriate statistical or qualitative analysis methods and organizing and coding your data. The data analysis plan should align with your research objectives. This is the essential feature of all research proposals.

Ensuring the validity and reliability of your research

Ensuring validity and reliability means making sure your research methods accurately measure what they're supposed to and produce consistent results. Remember that ensuring research study validity is a must for this type of academic paper. 

Crafting the literature review

According to research proposal format rules, your paper must contain a literature review. Some students believe that completing this task during the data collection step is easier, while others admit they usually craft it at the final steps of writing a proposal. Anyway, the process usually has several steps. 

Choosing the relevant literature

Identifying the foundational studies and key sources that will guide your research is essential. Although you can look for some research proposal examples, it is still good to follow this plan during writing:

  • Search academic databases and scholarly sources related to your research topic.
  • Look for key studies, articles, and books that provide insights into your research area.
  • Focus on literature that directly addresses your research questions and objectives.

Summarizing the literature lists

Once you've gathered relevant literature for your paper proposal, synthesizing it will be your next step. Here's how to approach it:

  • Summarize the main findings and arguments of the chosen literature list.
  • Identify common themes, trends, and patterns in different sources.
  • Analyze how the literature contributes to the understanding of your research topic.

Evaluating the literature sources

Now, it's high time to evaluate the resources’ quality and relevance critically:

  • Assess each source's credibility, relevance, and methodological rigor for your proposal writing.
  • Consider the strengths and weaknesses of different research methods used in the literature.

Exploring the research gaps

At the final step of working with your literature sources, you need to find out the areas for further investigation: 

  • Evaluate the existing literature to identify unanswered questions.
  • Look for contradictions, inconsistencies, or limitations in the current research.
  • Consider emerging trends, recent developments, or advancements in your field.

Now, the work with literature lists for your research proposal is done. 

Note: Failure to effectively analyze your sources is one of the most common mistakes in writing a research proposal, so don’t underestimate it. 

Creating the conclusion 

Every research proposal has a conclusion. Although many students don’t like this part of writing, it is still necessary to pay attention to it. Here is how to do that. 

Summarizing your findings

  • Condense the primary outcomes of your study into clear statements.
  • Make sure that your summary captures the essential research findings derived from your research.

Adding recommendations for future research

  • Suggest areas for further investigation based on the limitations identified in your research proposal.
  • Offer suggestions or directions for future research.

Showing off the implications of your study

  • Discuss the broader significance and relevance of your study's findings for theory, practice, or policy.
  • Articulate the potential impact or practical applications of your research results.

Note: The conclusion is a must-have writing piece in every research proposal format. Always add it to your paper. 

Composing the abstract

If you look at any professionally written research proposal example, you will discover it also has an abstract. 

Offering a concise study overview

Start your abstract with a brief overview of the study. In other words, you can provide a snapshot of your paper’s purpose and significance. You will also need to summarize the main topic and objectives. If you are feeling a bit lost in what to write in this part, read the introduction of your research proposal once more - you will find some basic info to write about. 

Introducing the research problem and objectives

Regardless of your writing style, it is crucial to add your research paper objectives to your abstract: 

  • Clearly present your research problem and objectives.
  • Define the research problem, emphasizing its importance.
  • Clearly state the specific research questions that your study aims to address.

Detailing the research methodology

  • Ensure the credibility of your study by providing a detailed overview of your research methodology.
  • Describe your research design and methods used while composing a research proposal briefly.
  • Justify your methodology choice.
  • Briefly outline your data collection, analysis, and interpretation procedures.

Recapping the research findings

  • Summarize your key findings.
  • Outline the main outcomes of your study in clear and straightforward language.
  • Highlight how your findings address the research objectives and contribute to filling the research gap.

Note: According to research proposal format requirements, all these abstract parts are obligatory.

Style and formatting

If you look for a fresh and up-to-date research proposal example online, you will likely discover they all have different formats. However, there are still some rules you are expected to follow. 

Following the research proposal guidelines

Employing clear and concise writing, proofreading and editing the proposal, conclusion .

Of course, writing papers is usually a tricky process. Fortunately, you can always get professional help and pay for essay online. Still, if you want to complete it by yourself, remember about these critical aspects. 

Most universities and colleges have a solid view of the components of the proposal:

  • Introduction;
  • Literature Review;
  • Methodology;
  • Research Timeline;
  • References;
  • Appendices.

A perfectly written research proposal is a roadmap for the entire research project. In other words, it guides the researcher in defining objectives, methods, and expected outcomes. A research proposal is also necessary to secure funding, gain approval from ethics committees, and attract collaborators or participants.

Final thoughts and recommendations

The best recommendation for creating this type of writing is to begin far in advance and follow all the professor’s requirements. Still, if you have an urgent deadline or writing difficulties, you can always rely on the Write my paper for me professional service. So, how to write a research proposal? It’s up to you!

What is the main goal of a research proposal?

The purpose of a research proposal is to outline the planned research project, including its objectives, methodology, and significance.

How long should a typical research proposal be?

Research proposal length typically ranges from 1500 to 2500 words.

What are the common mistakes to avoid when composing a research proposal?

The list of mistakes includes unclear objectives, inadequate literature review, and lack of coherence in the methodology.

Can I revise a research proposal after submission?

Yes, a research proposal can be revised after submission based on reviewer feedback or research plan changes.

How is it better to ensure the validity and reliability of my research study?

Use appropriate research designs and methods, maintain consistency in data collection and analysis, and address potential sources of bias.

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June 28, 2024

New Process for Industry Sponsored Clinical Trial Budgets

Effective July 1st, there is a change in process for all industry-sponsored clinical trial budgets that require the UW’s Clinical Trial Office (CTO) Review.

After CTO review is complete, CTO sends the final billing grid and budget to PI, and the PI responds to CTO with their approval.

After the PI approves the budget & billing grid, the PI/study team must attach the following with the Award Setup or Modification request in SAGE:

  • CTO summary review
  • All summary review attachments
  • Always include the final agreed upon draft budget and payment terms

OSP relies on the PI’s approval of the CTO budget summary to incorporate that budget into the final clinical trial agreement or amendment.

If these are not attached to the Award Setup Request (ASR) or Modification (MOD) before OSP completes their review, OSP will return the ASR/MOD requesting these items.

OSP cannot approve the ASR/MOD and send to GCA for processing without these attachments.

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Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, the European Green Deal will transform the EU into a modern, resource-efficient and competitive economy, ensuring:

  • no net emissions of greenhouse gases by 2050
  • economic growth decoupled from resource use
  • no person and no place left behind

The European Green Deal is also our lifeline out of the COVID-19 pandemic. One third of the €1.8 trillion  investments from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.

The European Commission has adopted a set of proposals to make the EU's climate, energy, transport and taxation  policies fit for reducing net greenhouse gas emissions by at least 55% by 2030 , compared to 1990 levels. More information on  Delivering the European Green Deal .

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budget of a research proposal

12 March 2024 - The Commission has published a Communication on managing climate risks in Europe that sets out how the EU and its countries can implement policies that save lives, cut costs, and protect prosperity. It comes as a direct response to the first-ever European Climate Risk Assessment by the European Environment Agency. It also addresses the concerns that many Europeans have following last’s year record temperatures and extreme weather events. The Commission is calling for action from all levels of government, the private sector and civil society to improve governance and tools for climate risk owners, manage risks across sectors and set the right preconditions to finance climate resilience.

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  1. 16+ Research Proposal Templates

    budget of a research proposal

  2. 12+ Research Budget Proposal Templates in PDF

    budget of a research proposal

  3. 10+ Research Budget Templates

    budget of a research proposal

  4. 12+ Research Budget Proposal Templates in PDF

    budget of a research proposal

  5. Research Budget

    budget of a research proposal

  6. Streamline Your Budgeting Process with Our 2024 Template

    budget of a research proposal

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  1. Lecture 7: Writing a Grant Proposal or A Research proposal

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  3. Overview of a Research Proposal

  4. Do this To Buy Your First HOME #realestate #property #homebuying #firsttimehomebuyer

  5. Research Proposal #summary

  6. Components of Research Proposal #research #proposal #science

COMMENTS

  1. PDF Writing a Proposal Budget

    When Sponsored Programs reviews the proposal, including the budget, we'll be making sure that the proposal meets the requirements set forth in the Code of Federal Regulations. It would be a good idea for you to become familiar with the rules relating to the types of research performed in your department. UC Davis Charging Practices The

  2. How to make a simple research budget

    A good budget shows the assessors that you have thought about your research in detail and, if it is done well, it can serve as a great, convincing overview of the project. Here are five steps to create a simple budget for your research project. 1. List your activities. Make a list of everything that you plan to do in the project, and who is ...

  3. PDF Preparing a Proposal Budget Toolkit

    Proposal Budget Overview A budget is a financial proposal that reflects the work proposed. It outlines the expected project costs in detail and should mirror the project description. A budget is presented as a categorical list of anticipated project costs representing the researcher's best estimate of the funds needed to support the proposed work.

  4. Top 7 Research Budget Templates with Samples and Examples

    Template 6 - Determine Budget for Psychology Research Proposal One-Pager Sample Example Document. This presentation template is an easy-to-use tool for determining the budget required for psychology research. With this slide, you can allocate a budget for each area, including diagnostic assessment, training, technology and tools, supplies ...

  5. How to plan and write a budget for research grant proposal?

    The last most important part is to review the budget and verify the costs and calculation. It is better, if other research team members can review the budget plan and re-calculate the costs thoroughly. Remember, too high budget and too low budget with respect to the research proposal are suspicious and chances of receiving a grant are less.

  6. How to Write a Research Proposal

    Research proposal examples. Writing a research proposal can be quite challenging, but a good starting point could be to look at some examples. We've included a few for you below. Example research proposal #1: "A Conceptual Framework for Scheduling Constraint Management".

  7. How to budget your grant proposal

    A precise estimate of the budget is really the best approach to win a grant. And importantly, once your proposal has been funded, you will find that having carefully estimated the different costs at the application stage will not only guarantee an optimal use of the funds, but also make the practical implementation of the research project ...

  8. Creating a Budget

    Creating a Budget. In general, while your research proposal outlines the academic significance of your study, the budget and budget narrative show that you have an understanding of what it will cost for you to be able to perform this research. Your proposed budget should identify all the expenses that are necessary and reasonable for the ...

  9. Develop a research budget

    A research budget contains both direct costs and indirect costs (overhead), but the level of detail varies from sponsor to sponsor. The first step in developing a budget is to carefully read the guidelines of the funding opportunity being pursued. ... such as goods and/or services in support of a research project or proposal. It is challenging ...

  10. How to Develop a Budget for a Research Proposal

    Abstract. Novice investigators may be intimidated by the task of proposal budget preparation. Often a basic understanding of the mechanics of budgeting, paired with a good working relationship with the institution's sponsored programs office, can alleviate much of the stress investigators encounter in developing budgets.

  11. Budget Templates and Budget Justification Templates

    The sample budget template was conceived and created by a team of department administrative managers and OSP staff with the goal of helping researchers and support staff develop sponsored project proposal budgets. For more information about developing budgets see the Overview of Costs for Project Budget page.

  12. The Budget Calculation (Qualitative Research Proposal Series)

    This is Part 2 of a four-part series on proposal writing for qualitative research. Please read Part 1 of this series, which covers crafting an overview as a starting point of conversation with the…

  13. Budget Templates

    Below is a sample budget development process. A researcher creates a proposal for a research project with a government or non-profit partner with the following direct costs: Direct Costs . Principal Investigator Honorarium: $8,000: Graduate Students (MSc x 2) $38,400 :

  14. Research Budget

    3. Specify Target Audience. The target audience is a good basis for your budget. Its volume and demographic can determine how much money you will need for the provision of research materials, such as survey questionnaires and survey forms. For example, if you're targeting an audience of 10 to 15 people aged 50 to 60, the cost is surely ...

  15. Proposal Budgets

    Proposal Budgets. The budget should list all cost details for the year or another appropriate period of time. It should include any applicable salaries & wages, fringe benefits, services, supplies, equipment, publications, travel, other direct expenses, and any facility and administrative costs. A brief outline for developing a budget is ...

  16. Research Budget Template

    Medical Research Budget Template. researchamerica.org. Download. A research proposal budget sample is in many ways similar to the research budget sample, only that at this stage, it is still a proposal. This sample is often written in a linear or tabular format and it details all the expenses that are associated with the proposal project.

  17. How to develop a budget for a research proposal

    Abstract. Novice investigators may be intimidated by the task of proposal budget preparation. Often a basic understanding of the mechanics of budgeting, paired with a good working relationship with the institution's sponsored programs office, can alleviate much of the stress investigators encounter in developing budgets.

  18. Budget and Cost Resources

    OVPR Research Data Stewardship page - NIH DMSP resources; U-M Library - Research Guides - Research Data Management; U-M Navigate Webinar - NIH Data Management & Sharing Policy (Nov 1, 2022) Budget Format. Sponsors often prescribe the budget format that must accompany the proposal, including the specific cost categories that should be identified.

  19. Budget for a research proposal

    The proposal budget is critical to the success of a study. A reviewer can determine much about the principal investigator's ability to conduct the proposed study by scrutinizing the budget; therefore, the budget should not be treated as an afterthought. A good budget consists of three separate parts: the budget, the budget explanation, and a ...

  20. Budget proposal templates: 5 steps to secure funding

    A budget proposal summarizes project costs in order to secure funding from stakeholders. Learn how to create a budget proposal and get a free template. ... Displays cost efficiency: A budget proposal is a chance for you to do research and choose materials, vendors, or other services that may fit your product and target market. By breaking down ...

  21. 12+ Research Budget Proposal Templates in PDF

    A research proposal is a paper that proposes a research project, usually in the sciences or academia and generally constitutes a funding request for that study. A budget is one of the key components of a research proposal and serves as a blueprint for spending the funds from the project. An effective budget for the proposal outlines the proposed project in fiscal terms and helps reviewers ...

  22. How to write a research proposal: top tips for busy students

    Research Timeline; Budget; References; Appendices. A perfectly written research proposal is a roadmap for the entire research project. In other words, it guides the researcher in defining objectives, methods, and expected outcomes. A research proposal is also necessary to secure funding, gain approval from ethics committees, and attract ...

  23. New Process for Industry Sponsored Clinical Trial Budgets

    June 28, 2024. New Process for Industry Sponsored Clinical Trial Budgets. Effective July 1st, there is a change in process for all industry-sponsored clinical trial budgets that require the UW's Clinical Trial Office (CTO) Review.. After CTO review is complete, CTO sends the final billing grid and budget to PI, and the PI responds to CTO with their approval.

  24. White House Includes NIH, Cancer Moonshot Funding Increases in 2025

    President Biden released his federal fiscal year (FY) 2025 budget March 11, in which he requests Congress increase funding for the National Institutes of Health (NIH) and $716 million in discretionary funds for the National Cancer Institute (NCI). Funding for the Cancer Moonshot program was also incorporated into the proposed budget. NIH was allocated $48.3 billion, an $872 million (1.8% ...

  25. The European Green Deal

    One third of the €1.8 trillion investments from the NextGenerationEU Recovery Plan, and the EU's seven-year budget will finance the European Green Deal. The European Commission has adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by ...

  26. PDF NIH FY 2025 Budget request

    research projects that pushed the boundaries of discovery and collaboration on behalf of cancer patients. The President's FY 2025 Budget requests $716 million in discretionary funding. In addition to discretionary resources, the budget also proposes to reauthorize the 21st