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Top 7 Research Budget Templates with Samples and Examples

Top 7 Research Budget Templates with Samples and Examples

Tejas Prasanna

author-user

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

Get it now!

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

Download now!

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

Get it today!

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.

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  • Top 5 Startup Budget Templates with Samples and Examples
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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 .

Share this:

29 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 […]

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

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Detailed Research Proposal Budget Example: Plan Your Finances

Chart displaying research proposal budget details and finances

Planning the budget for your research proposal is a critical step that can determine the success of your project. A well-crafted budget not only outlines the financial needs of your research but also assures funders that you have a clear understanding of the costs involved. This article will guide you through the essential elements of creating a detailed research proposal budget, helping you to plan your finances effectively.

Key Takeaways

  • A research proposal budget is a financial plan that details the costs of a research project.
  • Including both direct and indirect costs in your budget is crucial for accuracy.
  • Justifying each budget item helps in gaining approval from stakeholders.
  • Avoiding common budgeting mistakes can improve the chances of funding success.
  • Using tools and resources can simplify the budget planning process.

Understanding the Importance of a Research Proposal Budget

Defining a research proposal budget.

A research proposal budget is a detailed financial plan that outlines the costs associated with your project. It includes both direct and indirect costs, ensuring that every aspect of your research is financially covered. Creating a clear budget helps you avoid unexpected expenses and keeps your project on track.

Role in Project Planning

The budget plays a crucial role in project planning by providing a roadmap for how funds will be allocated. It helps you identify the resources needed and ensures that you have the financial means to achieve your research question . This planning phase is essential for crafting an effective Ph.D. thesis proposal: tips and strategies include setting clear objectives, methodology, and originality.

Impact on Funding Decisions

Funders need to know how their money will be used. A well-prepared budget can make a significant difference in securing funding. It demonstrates that you have thought through every aspect of your project and are prepared to manage the funds responsibly. This can be the deciding factor in whether your proposal gets approved or not.

Key Components of a Research Proposal Budget

Creating a research proposal budget involves several key components that ensure a comprehensive financial plan. These components help in outlining the necessary expenses and justifying the funding required for the project. Understanding these elements is crucial for crafting a successful budget.

Direct Costs

Direct costs are the expenses directly associated with the research project. These include salaries for research staff, equipment, supplies, and travel costs. It's important to list these costs clearly to show funders that you have a realistic sense of the expenses needed to complete the work.

Indirect Costs

Indirect costs, also known as overheads, are expenses that are not directly tied to the project but are necessary for its completion. These can include administrative support, facility maintenance, and utilities. Including indirect costs in your budget ensures that all aspects of the project are covered.

Cost Sharing

Cost sharing refers to the portion of the project costs that are not covered by the sponsor but are instead funded by the research institution or other sources. This can include matching funds or in-kind contributions. Highlighting cost sharing in your budget can demonstrate your institution's commitment to the project.

Steps to Create an Effective Research Proposal Budget

Creating a research proposal budget involves several key steps to ensure that all expenses are accounted for and justified. This process is crucial for securing funding and successfully managing your project.

Identifying Expenses

Start by listing all the potential costs associated with your research. This includes direct costs like salaries, equipment, and materials, as well as indirect costs such as administrative support and facility usage. Being thorough in this step can prevent future financial shortfalls.

Estimating Costs

Once you have identified the expenses, the next step is to estimate the costs. Use historical data, vendor quotes, and expert opinions to make accurate estimates. It's important to be realistic and avoid underestimating costs, as this can lead to budget overruns.

Justifying Budget Items

After estimating the costs, you need to justify each budget item. Explain why each expense is necessary for the success of your project. This justification helps reviewers understand the importance of each cost and increases the likelihood of your budget being approved. Clear and detailed justifications can make a significant difference in the approval process.

Guidelines for Budget Justification

Explaining direct costs.

When explaining direct costs, you need to clearly outline why each expense is necessary for your project. Every item in your budget should be listed in your budget justification . This means you should answer two main questions for each cost: Why do you need this money? Where did you get your figures from? This links your budget to your project plan and back again.

Detailing Indirect Costs

Indirect costs are often overlooked but are just as important. These costs include things like administrative support and facility maintenance. Make sure to provide enough detail so that the sponsor can determine whether the proposed costs are reasonable and appropriate. Always consult the sponsor's proposal preparation guidelines for each item.

Rationale for Cost Sharing

Cost sharing involves splitting the costs of the project between different sources. This can make your proposal more attractive to sponsors. Explain why cost sharing is necessary and how it benefits the project. Be sure to follow the guidelines for sponsor requirements, as these are often included in the annotated budget justifications.

Common Mistakes in Research Proposal Budgeting

Creating a research proposal budget can be tricky, and there are several common mistakes you should avoid to ensure your project is successful. Accurately estimating costs is crucial for maximizing resources: smart budgeting for successful research projects. Allocate resources effectively, estimate costs accurately, and implement time management strategies for research project success.

Underestimating Costs

One of the most frequent errors is underestimating costs. This can lead to a shortage of funds, causing delays or even halting the project. Make sure to account for all possible expenses, including materials, labor, and unforeseen costs.

Overlooking Indirect Costs

Indirect costs, such as administrative fees and facility maintenance, are often overlooked. These costs can add up and significantly impact your budget. Always include a reasonable estimate for indirect costs to avoid financial shortfalls.

Ignoring Cost Sharing Requirements

Some funding sources require cost sharing, where your institution or another entity covers part of the project costs. Ignoring these requirements can result in your proposal being rejected. Ensure you understand and meet any cost sharing obligations to improve your chances of securing funding.

Tools and Resources for Budget Planning

Having the right tools is essential to tracking expenses and monitoring income , and you don't have to break the bank buying expensive software to do that. Effective budget planning is crucial for the success of your research proposal. Here are some tools and resources to help you plan your budget efficiently.

Case Studies of Successful Research Proposal Budgets

Examining successful research proposal budgets can provide valuable insights into effective financial planning for your own projects. These case studies highlight different fields of research and demonstrate how to structure a budget that meets funding requirements and project needs.

Example 1: Biomedical Research

In a biomedical research project, the budget must account for specialized equipment, lab supplies, and personnel costs. A well-structured budget ensures that all necessary resources are available to achieve the research goals. For instance, a project studying a new cancer treatment might allocate significant funds to advanced imaging technology and clinical trials.

Example 2: Social Sciences Research

Social sciences research often involves extensive fieldwork, surveys, and data analysis. A successful budget in this field will include costs for travel, participant incentives, and data processing software. For example, a study on community health might budget for travel to various locations, compensation for survey participants, and software for analyzing health trends.

Example 3: Environmental Studies Research

Environmental studies research typically requires funding for field equipment, lab analysis, and sometimes, collaboration with other institutions. A well-planned budget will cover these aspects to ensure comprehensive data collection and analysis. An example could be a project on climate change impacts, which might allocate funds for weather monitoring equipment, lab tests, and partnership with local research rebels® .

By studying these examples, you can learn how to find good literature and create a budget that is both realistic and compelling to funders.

Reviewing and Revising Your Budget

Regularly reviewing and revising your budget is crucial for maintaining financial accuracy. Most organizations find it reasonable to review their budgets once a month. This helps in adjusting for unexpected grants or spending estimates that were off. Keeping your budget accurate ensures that you can manage your funds effectively.

Peer Review

Having peers review your budget can provide valuable insights. They might spot errors or suggest improvements that you missed. Peer reviews can also help in validating your budget assumptions and ensuring that your figures are realistic.

Institutional Review

An institutional review involves having your budget checked by your organization’s financial department. This step is essential for aligning your budget with institutional policies and funding restrictions. It also helps in identifying any compliance issues that need to be addressed.

Continuous Monitoring

Continuous monitoring of your budget allows for adjustments to reflect reality as the year progresses. Your budget will likely start with estimates, and as time goes on, these estimates need to be adjusted to be as accurate as possible. This ongoing process helps in keeping track of what's really happening and ensures that you can use your money as planned.

Tips for Presenting Your Budget to Stakeholders

When presenting your budget to stakeholders, it's crucial to highlight the value and impact of your project. Clearly showing the benefits of your project can make a significant difference in getting your budget approved . Stakeholders will closely examine your projected expenses to ensure that the benefits outweigh the costs.

Clarity and Transparency

A well-prepared budget proposal offers financial transparency, making finances an open topic of conversation. This transparency helps stakeholders understand how their investment connects to the project's goals. It also shows team members how their work fits into the larger picture, increasing overall productivity.

Highlighting Key Budget Items

Provide a cost summary that includes an itemized list of expenses. Stakeholders need to see what you plan to spend money on and why. This section should clarify the total costs for each element and the overall budget. A clear and concise summary allows stakeholders to quickly grasp the financial scope of your project.

Addressing Stakeholder Concerns

Be prepared to address any concerns stakeholders may have about your budget. This includes explaining why certain expenses are necessary and how they contribute to the project's success. By addressing these concerns upfront, you can build trust and confidence in your budget proposal.

The Role of Budget in Grant Proposal Success

Correlation between budget and approval rates.

A well-prepared budget can significantly influence the approval rates of your grant proposal. Funders need to see a clear financial plan that outlines how the money will be spent. A detailed budget shows that you have thought through your project and are prepared to manage the funds responsibly. This can make your proposal more attractive to funders.

Importance of Detailed Budgeting

Creating a detailed budget is crucial for the success of your grant proposal. It helps in painting a clear financial picture of your research project. When you provide a comprehensive budget, it demonstrates that you have considered all aspects of your project, from start to finish. This level of detail can set your proposal apart from others.

Long-term Impact on Research Outcomes

A well-planned budget not only helps in securing funding but also has a long-term impact on your research outcomes. Proper budgeting ensures that you have the necessary resources to complete your project successfully. It also helps in avoiding financial pitfalls that could derail your research. In the long run, a well-managed budget contributes to the overall success and credibility of your research.

Here are some tips for researching and organizing your thesis :

  • Importance of clear goals
  • Choosing a research topic
  • Utilizing online databases
  • Conducting interviews
  • Tools for better thesis research

A well-planned budget is crucial for the success of any grant proposal. It helps you allocate resources efficiently and shows funders that you are serious about your project. If you're struggling with your grant proposal, don't worry! Visit our website to learn more about how to create a winning budget and increase your chances of success.

In summary, crafting a detailed research proposal budget is a crucial step in securing funding and ensuring the success of your project. A well-thought-out budget not only outlines the financial requirements but also reassures funders of the project's feasibility. By clearly detailing all potential expenses and income sources, researchers can present a compelling case for support. Remember, a meticulously planned budget can make the difference between a funded project and one that remains on paper. Therefore, take the time to plan your finances carefully, ensuring every dollar is accounted for and justified.

Frequently Asked Questions

What is a research proposal budget.

A research proposal budget is a financial plan that outlines all the expected costs for a research project. It helps in planning the project and securing funding.

Why is a research proposal budget important?

A budget is important because it helps researchers plan their project, ensures funds are used wisely, and reassures funders that the project is feasible.

What are direct costs in a research proposal budget?

Direct costs are expenses that are directly tied to the research project, like salaries, equipment, and materials.

What are indirect costs?

Indirect costs, also known as overhead, are expenses that are not directly linked to the project but are necessary for its completion, like utilities and administrative support.

What is cost sharing?

Cost sharing refers to the portion of the project costs that are not covered by the grant and are paid by the researcher or their institution.

How do I estimate costs for my budget?

To estimate costs, list all possible expenses and research their prices. You can use past projects as a reference or get quotes from suppliers.

Why do I need to justify budget items?

Justifying budget items shows funders why each expense is necessary for the project, helping them understand the importance and necessity of the funding.

What are common mistakes in research proposal budgeting?

Common mistakes include underestimating costs, overlooking indirect costs, and ignoring cost-sharing requirements.

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Sample Budget Breakdown for Research Proposals

Rachel r.n..

  • July 10, 2024
  • How to Guides

When you’re putting together a research proposal, one of the most important parts is the budget. It’s like planning how to spend your allowance, but for a big project!

This guide will help you understand how to break down your research budget into different parts, making it easier for you to plan and for others to understand where the money will go.

What You'll Learn

Why is a Budget Breakdown Important?

Before we dive into the details, let’s talk about why having a clear budget is so crucial:

  • Shows you’ve thought things through: A well-planned budget tells people you’ve really considered what you need for your research.
  • Helps you stay on track: Once your project starts, a good budget helps you keep an eye on your spending.
  • Makes it easier to get funding: When people or organizations see a clear, detailed budget, they’re more likely to give you money for your research.
  • Helps others understand your needs: A breakdown helps explain why you need certain amounts of money for different parts of your project.

Now, let’s look at the main parts of a research budget:

  • Personnel Costs

This is often the biggest chunk of your budget . It covers the money you’ll pay to people working on the project.

Subheadings:

a) Principal Investigator (PI) and Co-Investigators

  • This is you (if you’re leading the project) and any other main researchers.
  • Include how much of their time (usually as a percentage) will be spent on the project.
  • Calculate their salary for that time.

Example: Dr. Jane Smith (PI) – 30% time for 12 months Annual salary: $80,000 Budget: 30% of $80,000 = $24,000

b) Research Assistants

  • These are people who help with various tasks like data collection or analysis.
  • Include their hourly rate and estimated hours.

Example: Research Assistant – $20/hour, 20 hours/week for 40 weeks Budget: $20 x 20 x 40 = $16,000

c) Consultants

  • Experts you might need to hire for specific tasks.
  • Include their fee and estimated time needed.

Example: Statistical Consultant – $100/hour, estimated 20 hours Budget: $100 x 20 = $2,000

d) Student Support

  • If you’re involving students in your research, include their stipends or wages.

Example: Graduate Student Assistant – $1,500/month for 9 months Budget: $1,500 x 9 = $13,500

  • Equipment and Supplies

This covers all the physical items you need to buy for your research.

a) Major Equipment

  • Big, expensive items that are crucial for your research.
  • Include the full cost, including any shipping or installation fees.

Example: High-Performance Liquid Chromatography (HPLC) Machine Cost: $30,000 (including shipping and installation)

b) Minor Equipment

  • Smaller items that cost less but are still important.

Example: Digital scales (2) – $500 each Budget: $500 x 2 = $1,000

c) Consumables

  • Things you’ll use up during your research.
  • Estimate how much you’ll need for the whole project.

Example: Lab chemicals – $2,000 Glassware – $500 Office supplies – $300 Total: $2,800

d) Software

  • Any special computer programs you need to buy.

Example: Statistical analysis software license – $1,200/year Budget for 2-year project: $1,200 x 2 = $2,400

If your research involves trips to collect data, attend conferences, or meet with collaborators, include these costs.

a) Field Work

  • Trips to collect data or conduct experiments outside your usual workplace.
  • Include transportation, accommodation, and daily expenses (per diem).

Example: Field trip to Amazon rainforest:

  • Flights: $1,500
  • Accommodation: $100/night for 14 nights = $1,400
  • Per diem: $50/day for 14 days = $700 Total: $3,600

b) Conferences

  • Costs for attending meetings to present your research.
  • Include registration fees, travel, accommodation, and per diem.

Example: Annual Ecology Conference:

  • Registration: $500
  • Flights: $400
  • Hotel: $150/night for 3 nights = $450
  • Per diem: $75/day for 4 days = $300 Total: $1,650

c) Collaboration Meetings

  • Costs for meeting with research partners at other institutions.

Example: Visit to partner lab in Germany:

  • Flights: $800
  • Accommodation: $120/night for 5 nights = $600
  • Per diem: $70/day for 6 days = $420 Total: $1,820
  • Facility Costs

If you need to use special facilities or rent space for your research, include these costs.

a) Laboratory Space

  • Fees for using lab space, if it’s not provided by your institution.

Example: Lab rental at local research center: $500/month for 12 months = $6,000

b) Specialized Facilities

  • Costs for using equipment or spaces you don’t have regular access to.

Example: Use of Electron Microscope facility: $200/hour, estimated 20 hours needed Budget: $200 x 20 = $4,000

c) Field Station Fees

  • Costs for using research stations in remote locations.

Example: Mountain Research Station fee: $100/day for 30 days = $3,000

  • Participant Costs

If your research involves human subjects, you might need to pay them or cover their expenses.

a) Participant Compensation

  • Payment for people’s time in participating in your study.

Example: 100 participants at $20 each Budget: 100 x $20 = $2,000

b) Participant Travel Reimbursement

  • Covering transportation costs for participants to come to your research site.

Example: Estimated average travel cost per participant: $15 100 participants Budget: 100 x $15 = $1,500

c) Refreshments

  • If you’re providing snacks or meals during long study sessions.

Example: Snacks and drinks for 100 participants at $5 each Budget: 100 x $5 = $500

  • Publication and Dissemination

These are costs related to sharing your research results.

a) Open Access Publication Fees

  • Costs for making your research freely available online.

Example: Estimated fee for open access journal: $2,500

b) Printing Costs

  • For creating posters or handouts for conferences.

Example: 50 color posters at $30 each Budget: 50 x $30 = $1,500

c) Website Development

  • If you plan to create a website to share your research.

Example: Website design and hosting for 2 years: $1,000

  • Indirect Costs

These are overhead costs that your institution might charge for managing your grant.

a) Facilities and Administration (F&A) Costs

  • A percentage of your total direct costs that goes to your institution.
  • This rate varies by institution and funding agency.

Example: If your total direct costs are $100,000 and your institution’s F&A rate is 52%: Indirect costs: $100,000 x 52% = $52,000

b) Cost Sharing

  • Some grants require your institution to contribute a portion of the costs.
  • This isn’t a cost you include in your budget request, but you need to show it’s covered.

Example: If the grant requires 10% cost sharing on a $100,000 project: Cost sharing amount: $100,000 x 10% = $10,000 (to be provided by your institution)

  • Miscellaneous Costs

This category covers any other expenses that don’t fit neatly into the above categories.

a) Insurance

  • Special insurance you might need for field work or equipment.

Example: Field work insurance for 3 researchers for 2 weeks: $600

b) Shipping

  • Costs for sending equipment or samples.

Example: Estimated shipping costs for samples: $800

c) Communication

  • Phone or internet costs specifically for the project.

Example: Satellite phone rental for remote fieldwork: $10/day for 30 days = $300

  • Contingency

It’s wise to include a small amount for unexpected expenses.

Example: 5% of total direct costs for contingency

If your total direct costs are $100,000: Contingency: $100,000 x 5% = $5,000

Putting It All Together

Once you’ve calculated all these parts, add them up to get your total budget. Here’s a simplified example:

  • Personnel Costs: $55,500
  • Equipment and Supplies: $37,400
  • Travel: $7,070
  • Facility Costs: $13,000
  • Participant Costs: $4,000
  • Publication and Dissemination: $5,000
  • Indirect Costs: $52,000
  • Miscellaneous Costs: $1,700
  • Contingency: $5,000

Total Budget: $180,670

Remember, every research project is different, so your budget might not need all these categories, or it might need additional ones. The key is to think carefully about everything your research will require and account for it in your budget.

Tips for Creating Your Budget

  • Be realistic: Don’t underestimate costs, but don’t pad them either.
  • Do your research: Get real quotes for big expenses.
  • Explain your calculations: In a separate budget justification, show how you arrived at each number.
  • Follow the rules: Different funding agencies have different budget guidelines. Make sure you follow them.
  • Get help: Your institution’s research office can often help with budgeting.
  • Plan for the entire project: Think about costs that might come up in later stages of your research.
  • Be specific: Instead of a large “misc” category, try to break costs down into specific items.
  • Consider inflation: For multi-year projects, factor in potential cost increases.
  • Double-check your math: Small errors can make a big difference!
  • Align with your proposal: Make sure your budget matches the activities you describe in your research plan.

Related Articles

Mastering the Art of Writing: How to Write a Grant Proposal

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Sample Proposal Budget Example

SAMPLE PROJECT PROPOSAL AND BUDGET

Frequently Asked Questions (FAQs)

Q1: What if I’m not sure about exact costs? A: It’s okay to estimate, but be sure to explain your basis for the estimate in your budget justification. Use phrases like “based on current market prices” or “average of three vendor quotes.”

Q2: Can I include my own salary in the budget? A: This depends on your situation and the funding agency’s rules. In many cases, yes, especially if you’re not already fully funded for the time you’ll spend on this project. Always check the specific guidelines for the grant you’re applying to.

Q3: What’s the difference between direct and indirect costs? A: Direct costs are expenses specifically for your project, like salaries, equipment, or travel. Indirect costs (also called overhead or Facilities and Administrative costs) are expenses that benefit your project but also other activities at your institution, like building maintenance or administrative support.

Q4: Should I ask for the maximum amount allowed by the grant? A: Not necessarily. Ask for what you genuinely need to complete your project successfully. Inflating your budget unnecessarily can hurt your chances of getting funded.

Q5: What if I need to make changes to my budget after it’s approved? A: Most funding agencies allow some flexibility, but major changes usually require approval. Always communicate with your program officer if you need to make significant changes.

Q6: Do I need to include quotes or price lists with my budget? A: It’s not usually required in the initial proposal, but having this documentation can be helpful if you’re asked to justify your costs. For very expensive items, including a quote can strengthen your proposal.

Q7: How detailed should my budget be? A: Your main budget should be a clear summary, but you should be prepared to provide a more detailed breakdown if asked. Many proposals require a separate budget justification document where you can provide more detail.

Q8: What if I forget something in my budget? A: That’s why it’s good to include a contingency amount. If you realize you’ve forgotten something major before submitting, see if you can revise your budget. If it’s after submission or approval, talk to your program officer about options.

Q9: Should I round my numbers? A: For smaller amounts, rounding to the nearest dollar is fine. For larger amounts, you might round to the nearest $10 or $100. The key is to be consistent and make your budget easy to read.

Q10: How do I handle in-kind contributions or cost sharing? A: These should be mentioned in your proposal and budget justification, but they’re usually not included in the main budget you’re requesting from the funding agency. They show additional support for your project.

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  • J Ayurveda Integr Med
  • v.10(2); Apr-Jun 2019

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.

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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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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.

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)

Sample budgets

Table 1: Example Budget
Project item Cost Quantity Subtotal
Colony of Bombus impatiens, Koppert Biological $257.00 4 $1028.00
Shipping on Bumblebee Colonies (overnight MI to NV) $75.00 4 $300.00
Pollen for 4 colonies for 3 months $6/lb. 12lbs $72.00
5g Octopamine hydrochloride, Sigma Aldrich $98.82 1 $98.82
Total n/a n/a $1498.82

Justification

Bumblebee colonies will be obtained from Koppert Biological Systems (MI, USA) and shipped overnight to Nevada. An emerging standard for publication is the utilization of three to five colonies for testing so as to minimize individual colony biases and to acquire a sufficient data set. In order to maintain the colonies I will need pollen to feed them on a daily basis. Additionally I will use the chemical octopamine hydrochloride to explore neuroendocrine relationships between gustatory responsiveness, learning, and octopamine.

Table 2: Example Budget and Justification
Item Justification Supplier/Catalog # Cost
LIVE/DEAD® Sperm Viability Kit Quantification of sperm number and viability ThermoFisher Scientific/L7011 $407.00
Avant Guard 20ul Barrier tips For processing sperm samples MidSci/AV20 $66.00
Plastic vials (1,000) Individual rearing of study organism BioQuip/8909 $175.00
Drosophila culture vials Rearing prey fruit flies Carolina Biological Supply/173080 $150/00
Formula 4-24®Instant Drosophila Medium, Blue, Case of Four 4-L Bags Rearing prey fruit flies Carolina Biological Supply/173214 $85.95
Microflex Latex Evolution One Gloves, Small (Pack of 1000) Amazon/EV-2050-S $128.00
PureLink miRNA isolation kit Small RNA extraction ThermoFisher Scientific /K157001 $211.00
PureLink® RNA Mini Kit Large RNA extraction ThermoFisher Scientific/12183018A $252.00
Total n/a n/a $1474.95
Table 3: Example Budget and Justification
Equipment, Justification, Product Website URL Cost
$72
$25.00
3D printed pieces *This is the cost for printing the chess pieces. $300
$110.00
$83.00
Arduino Uno (x1)This micro-computer interprets the sensor data and handles the audio files. $25.00
$59.94
Misc. Electronic components *This includes the solder, wires, connectors, and other items to build the sensor array. $100.00
Chessboard *This is the playing surface for the game, as well as the element that the sensor array is attached to. $30.00
Wood sheets (x4) *These will be used to build the pillar housing the board, electronics, and speakers. $58.00
Chairs (x2) *Simple chairs for players to sit and play the game. $30.00
$35.00
Misc. funding is for unexpected expenses. $60
Total $987.94

I estimated shipping costs to the best of my knowledge.

* Costs are estimated based on average costs of the material; final cost may be slightly different.

36+ SAMPLE Research Budgets in PDF | MS Word

Research budgets | ms word, 36+ sample research budgets, what is a research budget, the components of a complete research budget, how to set a research budget, why is a research budget important in a grant application, what are the types of budgeting schemes, how much is the standard research project grant amount.

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Why is a research budget important, step 1: brainstorm all research activities, step 2: consider the rules and regulations, step 3: insert the associated costs for each item, step 4: download a sample research budget, step 5: organize your data and format, step 6: justify your research budget.

  • Incremental budgeting – this form of budgeting tackles a previous year’s actual figures while you add or subtract a percentage to answer the acquired budget of the current year. Also, this is the simplest and most common form of budgeting scheme.
  • Activity-based budgeting – the next example focuses on getting the number of inputs necessary to provide the outputs and targets implemented by an organization. A common example is when a business should start recognizing the necessary tasks to take first that will meet the sales target until the costs for each activity to do will be determined.
  • Value proposition budgeting – another budgeting scheme answers the reason for inputting the amount you estimated in a budget, how a value outweighs the expenses, or even why the budget should be justified. And as much as possible, do not include irrelevant expenditures in this section.
  • Zero-based budgeting – lastly, this budgeting plan assumes that every department in a budget is zero and should be rebuilt from the very beginning. But, the expenses should be justified. And this strategy is helpful when you need costs quickly, particularly if a business undergoes an economic downturn.

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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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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.

Examples

Research Budget

Ai generator.

sample budget proposal for research

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

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7. Sample Research Budget

Sample Research Budget

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8. Budget Research Proposal

Budget Research Proposal

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9. Research Budget Format

Research Budget Format

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10. Simple Research Budget Template

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11. Project Research Budget Template

Project Research Budget Template

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12. Research Budget in PDF

Research Budget in PDF

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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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The greatest research laboratories in the world are not self-sufficient. For example, the National Aeronautics and Space Administration, we famously know as NASA, get its annual budget from the US government. On a report posted by Planetary.org, NASA’s total budget for the fiscal year 2020 is increased to 5.3% from the previous fiscal year, which now totals to 22.629 billion US dollars. The budget is 0.48% of the overall US government spending. In other words, to attain successful space explorations, funding is needed. With that said, budget proposals must come in first before a research project has to take place. It will ensure enough financial resources to land again on the moon or launch satellites to discover more planets in the solar system. If that interests you, continue reading this article for more information about a research budget proposal.

Research Budget Proposal

Free 11+ research budget proposal samples & templates, 1. research budget proposal template, 2. research budget proposal template, 3. research budget proposal sheet template, 4. sample research budget proposal summary template, 5. undergraduate research budget proposal template, 6. standard research proposal budget template, 7. research budget proposal template, 8. sample grant proposal budget template, 9. research budget template, 10. research proposal budget worksheet template, 11. sample research budget template, 12. thesis research proposal & budget template, what is a budget proposal, research budget proposal: how is it important, us research and development: the truth, how to craft a working research proposal, 1. identify the purpose, 2. deal with the costs, 3. consider other costs, 4. present the benefits, what is a proposal outline, what are the parts of the budget proposal, does a proposal have a conclusion.

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A budget proposal is a professionally-written document provided by an organization to layout a financial budget plan for a particular time. It is a budget request projects, campaigns, events, and more. This proposal is significant to the financial accounting department because it will carry on the amount needed to continue the company’s operations. Furthermore, a budget proposal contains relevant details about an organization’s undertakings, expenses, the reason for the spending, and an approval signature. Usually, the expenses come from the need of employees, materials, supplies, travel, workshops, conferences, utilities, etc.

According to Small Business Chron, a budget proposal is a budget plan supported by professional sales research paper , whether in corporate, academic, or non-profit organizations. It helps an enterprise to understand the true scope of a project before it takes place. And pitch an accurate representation of the cost involved. But you have to keep close attention to your proposal to make it a valuable outcome.

How will a research laboratory conduct studies without advanced equipment? Do research laboratories pay a salary to scientists? Why do some research projects fail without a fund? By that, you can easily think of research as a money-driven undertaking. That is true. Without funding, it would not be possible to treat influenza or bottle up ranch sauces. Even mobile phones would not exist if Motorola did not fund its research. You see, every development we experience these days is a result of financial enrichment. Also, a budget proposal is crucial in finding answers to the questions of the ever-curious human brains.

Based on an article published on the National Center for Biotechnology Information (NCBI) website, before World War II, research and development (R&D) in the United States was at its most basic sample form. Several scientific research laboratories were not associated with the government. In those years, philanthropic support groups often funded the industry in its venture towards scientific and technical findings. However, when WWII happened, military needs such as scientific and technical requirements gave the government a reason to engage with engineering and science institutions to produce weapons in support of fighting the war. The post-war effect made it clear that successful coordination with R&D to aid WWII technical problems could continue to promote the country’s health, economic stability, and national security. The total R&D expenditures shown in another NCBI report reached 220.6 billion US dollars in 1998. It includes spending by industry, government, universities, and colleges—the figure increased to 5.3% from the previous year’s total expenditure.

The challenges of completing a budget proposal sample are many. You have to consider a lot of things—materials, workforce, and the budget. But most importantly, you have to learn how to write this document. So, we made a list of steps that will guide in making one. Here is how:

Set your goals first before making a budget proposal. It will be your guidepost as you complete your budget sample plan . Ask yourself, “Why is there a need to make a budget proposal?” “What are the expectations after the proposal is made?” and “What will be the benefits of making the budget proposal?” Furthermore, to ensure the clarity in your budget proposal, acknowledge your mission in its first part. Composing the mission is easy. Try to answer the what, when, where, why, and how of your budget plan. With that, you can easily elaborate on the effects of your proposal.

The next crucial part of the proposal is the direct cost. Why? It is directly related to the proposal you are making, which means it has a linear impact on your budget. An example of this is the cost of materials and services for the research report . Moreover, the planning process, production, launch, and completion of the project are also part of the budget proposal.

Sponsorships and grants will not recognize some other costs, because some funding has expense limitations. And it includes facilities use, utilities, support staff, insurance, and legal and accounting expenses. These expenses should be listed separately in the proposal. Moving forward, since you are proposing a budget for a research project work , it means you have a beneficial goal. With that, separate the cost of producing the benefits from day-to-day expenses.

After noting all the expected expenses, finish the proposal with a detailed description of the expected benefits of completing the sample research report. Sample Estimate the currency value of the benefits and convert it to the number of revenue. Now, you have to remember that the benefits must be greater than the cost. Hence, so not shy away in describing the benefits, or your budget may not be approved.

A proposal outline contains the synopsis of the project. On top of that, the rationale, objectives, experimental approach, and potential significance of the project must be present too.

A basic proposal outline contains the following: abstract, problem statement, methodology, evaluation, dissemination, budget, and continuation funding.

A proposal has a conclusion, but it varies in tone and information. The conclusion of the proposal should summarize the benefits of the project it is working on, including the problems, motivation, and proposed solution.

Research is more than just discovering the space above us—it covers all the things our eyes can see, and our bodies can feel. But before that is possible, research projects, scientific or technical, needs strong financial pillars. To achieve that, you need to present a research budget proposal. With a well- writing proposal , a research project will be possible.

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Appendix A: Sample Budget Format Showing Major Categories

Costs for project budgets - appendix a.

A sample budget template that shows the major budget categories to be included in a sponsored proposal budget.

 
 
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$

Overview of Costs for Project Budgets (Budget and Costing Guide)

Appendix b: facilities and administrative (f&a) cost calculation detail, appendix c: sample budget justification, appendix d: sample budget for conferences and seminars, appendix e: cost sharing allowability matrix.

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Develop Budgets

A critical component of research proposals is the project’s budget, and the Office of Research Advancement and Partnerships (ORAP) and the Office of Research Support and Operations (ORSO) can help.

The main purpose of a budget and budget justification is to provide a clear description of project expenses to support your proposal and maximize your chance of receiving full funding.  Expenses should be reasonable, allowable, treated consistently and must follow the funding agency’s guidelines outlined in the request for proposals, federal Uniform Guidelines , and WSU Policies and Guidelines , particularly WSU’s Guideline 2: Proposal Budget Assistance .  The budget justification should be thorough enough to demonstrate to reviewers that the researcher has a full understanding of the costs associated with project execution.  

All budgets must be certified by a research administrator.  You should, therefore, work with your department research administrator as you develop your budget.  A list of department research administrators can be found on MyResearch and the Office of Research Support and Operations (ORSO) provides a budget template use in developing your project’s budget. 

For more information, you are also encouraged to watch the video Budgeting and Budget Justifications information session provided by ORAP.

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12. research budget management proposal format, 13. standard draft research budget proposal template, 14. free research project budget proposal, classification of research proposal budget, how to make a research budget proposal, budget templates, 12+ research budget proposal templates in pdf | ms word | apple pages.

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.

sample budget proposal for research

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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.

University Research Poster Template

A3 research poster template, keynote speaker poster template, quartet poster template, quality poster template, conference poster keynote template, research poster template for keynote, school cash management policy template, biography research template, creative research poster template.

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Primary Instrument for Roman Space Telescope Arrives at NASA Goddard

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sample budget proposal for research

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sample budget proposal for research

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Nasa trains machine learning algorithm for mars sample analysis.

An artist's concept of the ExoMars Rosalind Franklin rover on the surface of Mars. The ground is brown and dusty, and the sky is hazy and tan.

Goddard Digital Team

Algorithm may help identify chemical composition beneath surface of mars, drilling down for signs of past life, future explorations across the solar system could be more autonomous.

  • When the ESA (European Space Agency)-led Rosalind Franklin rover heads to Mars no earlier than 2028, a NASA machine learning algorithm gets its first chance to shine after more than a decade of data training in the lab.
  • The Mars Organic Molecule Analyzer (MOMA), a mass spectrometer instrument aboard the rover, will analyze samples collected by a coring drill and send the results back to Earth, where they will be fed into the algorithm to identify organic compounds found in the samples.
  • If any organic compounds are detected by the rover, the algorithm could greatly speed up the process of identifying them, saving scientists time as they decide the most efficient uses of the rover’s time on the Red Planet.

When a robotic rover lands on another world, scientists have a limited amount of time to collect data from the troves of explorable material, because of short mission durations and the length of time to complete complex experiments.

That’s why researchers at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, are investigating the use of machine learning to assist in the rapid analysis of data from rover samples and help scientists back on Earth strategize the most efficient use of a rover’s time on a planet.

“This machine learning algorithm can help us by quickly filtering the data and pointing out which data are likely to be the most interesting or important for us to examine,” said Xiang “Shawn” Li, a mass spectrometry scientist in the Planetary Environments lab at NASA Goddard.

The algorithm will first be put to the test with data from Mars, by operating on an Earth-bound computer using data collected by the Mars Organic Molecule Analyzer (MOMA) instrument.

The analyzer is one of the main science instruments on the upcoming ExoMars mission Rosalind Franklin Rover , led by ESA (European Space Agency). The rover, which is scheduled to launch no earlier than 2028, seeks to determine if life ever existed on the Red Planet.

After Rosalind Franklin collects a sample and analyzes it with MOMA, data will be sent back to Earth, where scientists will use the findings to decide the best next course of action.

“For example, if we measure a sample that shows signs of large, complex organic compounds mixed into particular minerals, we may want to do more analysis on that sample, or even recommend that the rover collect another sample with its coring drill,” Li said.

In artificial intelligence, machine learning is a way that computers learn from data — lots of data — to identify patterns and make decisions or draw conclusions.

This automated process can be powerful when the patterns might not be obvious to human researchers looking at the same data, which is typical for large, complex data sets such as those involved in imaging and spectral analysis.

In MOMA’s case, researchers have been collecting laboratory data for more than a decade, according to Victoria Da Poian, a data scientist at NASA Goddard who co-leads development of the machine learning algorithm. The scientists train the algorithm by feeding it examples of substances that may be found on Mars and labeling what they are. The algorithm will then use the MOMA data as input and output predictions of the chemical composition of the studied sample, based on its training.

NASA data scientist Victoria Da Poian presents on the MOMA’s machine learning algorithm at the Supercomputing 2023 conference in Denver, Colorado, standing in front of a large display showing a rendering of the ExoMars Rosalind Franklin rover on Mars.

“The more we do to optimize the data analysis, the more information and time scientists will have to interpret the data,” Da Poian said. “This way, we can react quickly to results and plan next steps as if we are there with the rover, much faster than we previously would have.”

What makes the Rosalind Franklin rover unique — and what scientists hope will lead to new discoveries — is that it will be able to drill down about 6.6 feet (2 meters) into the surface of Mars. Previous rovers have only reached about 2.8 inches (7 centimeters) below the surface.

“Organic materials on Mars’ surface are more likely to be destroyed by exposure to the radiation at the surface and cosmic rays that penetrate into the subsurface,” said Li, “but two meters of depth should be enough to shield most organic matter. MOMA therefore has the potential to detect preserved ancient organics, which would be an important step in looking for past life.”

Searching for signs of life, past or present, on worlds beyond Earth is a major effort for NASA and the greater scientific community. Li and Da Poian see potential for their algorithm as an asset for future exploration of tantalizing targets like Saturn’s moons Titan and Enceladus, and Jupiter’s moon Europa.

Li and Da Poian’s long-term goal is to achieve even more powerful “ science autonomy ,” where the mass spectrometer will analyze its own data and even help make operational decisions autonomously, dramatically increasing science and mission efficiency.

This will be crucial as space exploration missions target more distant planetary bodies. Science autonomy would help prioritize data collection and communication, ultimately achieving much more science than currently possible on such remote missions.

“The long-term dream is a highly autonomous mission,” said Da Poian. “For now, MOMA’s machine learning algorithm is a tool to help scientists on Earth more easily study these crucial data.”

The MOMA project is led by the Max Planck Institute for Solar System Research (MPS) in Germany, with principal investigator Dr. Fred Goesmann. NASA Goddard developed and built the MOMA mass spectrometer subsystem, which will measure the molecular weights of chemical compounds in collected Martian samples.

Development of the machine learning algorithm was funded by NASA Goddard’s Internal Research and Development program.

By Matthew Kaufman NASA’s Goddard Space Flight Center, Greenbelt, Md.

Related Terms

  • Artificial Intelligence (AI)
  • Goddard Space Flight Center
  • Goddard Technology

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  3. 16+ Research Proposal Templates

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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. Top 7 Research Budget Templates with Samples and Examples

    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. ... Determine Budget for Psychology Research Proposal One-Pager Sample Example Document. This presentation template is an easy-to-use tool for ...

  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. 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 ...

  5. Detailed Research Proposal Budget Example: Plan Your Finances

    A research proposal budget is a financial plan that details the costs of a research project. Including both direct and indirect costs in your budget is crucial for accuracy. Justifying each budget item helps in gaining approval from stakeholders. Avoiding common budgeting mistakes can improve the chances of funding success.

  6. Appendix C: Sample Budget Justification

    The budget justification is one of the most important non-technical sections of the proposal, and it is often required by the sponsor. In this section, the Principal Investigator (PI) provides additional detail for expenses within each budget category and articulates the need for the items/expenses listed. The information provided in the budget justification may be the definitive criteria used ...

  7. Sample Budget Breakdown For Research Proposals

    Example: Statistical Consultant - $100/hour, estimated 20 hours Budget: $100 x 20 = $2,000. d) Student Support. If you're involving students in your research, include their stipends or wages. Example: Graduate Student Assistant - $1,500/month for 9 months Budget: $1,500 x 9 = $13,500.

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

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

    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.

  10. 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 ...

  11. 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 ... 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 ...

  12. PDF RESEARCH PROPOSAL BUDGET TEMPLATE

    research proposal budget template project name date created research organization last updated fy1 rate fy1 hrs fy2 rate fy2 hrs fy3 rate fy3 hrs fy4 hrs fy4 rate

  13. 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…

  14. Budget and Cost Resources

    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 ...

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    Misc. funding is for unexpected expenses. $60. Total. $987.94. I estimated shipping costs to the best of my knowledge. * Costs are estimated based on average costs of the material; final cost may be slightly different. View examples of budgets for undergraduate research proposals at the University of Nevada, Reno.

  16. 36+ SAMPLE Research Budgets in PDF

    What Is a Research Budget? A research budget showcases the allocated expenses in research, and it is usually represented in tables or charts. Oftentimes, the research budget is discussed twice: (1) it is used to discuss the overall budget plan for a grant or research proposal in case an organization approves of funding the research budget, and (2) it displays the associated expenses involved ...

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    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.

  18. Successful Proposal and Budget Examples

    National Institute of Health Submissions. NIH Sample Proposal (Chemistry) NIH Sample Proposal (Chemistry) NIH Samples: Applications, Attachments, and Other Documents. A Carnegie "High Research" University. 1700 East Cold Spring Lane. Baltimore, Maryland 21251. 443-885-3333.

  19. 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 ...

  20. Research Budget

    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.

  21. FREE 11+ Research Budget Proposal Samples ...

    On a report posted by Planetary.org, NASA's total budget for the fiscal year 2020 is increased to 5.3% from the previous fiscal year, which now totals to 22.629 billion US dollars. The budget is 0.48% of the overall US government spending. In other words, to attain successful space explorations, funding is needed.

  22. Appendix A: Sample Budget Format Showing Major Categories

    A sample budget template that shows the major budget categories to be included in a sponsored proposal budget. Skip to main content Research Services Research Services ... Graduate Research Assistant : Academic year - 100 percent effort $ Summer - 100 percent effort $

  23. Develop Budgets

    A critical component of research proposals is the project's budget, and the Office of Research Advancement and Partnerships (ORAP) and the Office of Research Support and Operations (ORSO) can help.. The main purpose of a budget and budget justification is to provide a clear description of project expenses to support your proposal and maximize your chance of receiving full funding.

  24. 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 ...

  25. What is Project 2025? Wish list for a Trump presidency, explained

    Project 2025 is backed by a $22m (£17m) budget and includes strategies for implementing policies immediately after the presidential inauguration in January 2025.

  26. NASA Trains Machine Learning Algorithm for Mars Sample Analysis

    "For example, if we measure a sample that shows signs of large, complex organic compounds mixed into particular minerals, we may want to do more analysis on that sample, or even recommend that the rover collect another sample with its coring drill," Li said. Algorithm May Help Identify Chemical Composition Beneath Surface of Mars