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I have a research plan – How do I create my budget and then justify it to the funding agency?

Creating and Justifying Your Research Budget Ruth Withers Project Manager Research for Better Health Outcomes February 23, 2011. I have a research plan – How do I create my budget and then justify it to the funding agency?. Innovation Fund Budget Details Required: Personnel

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I have a research plan – How do I create my budget and then justify it to the funding agency?

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  1. Creating and JustifyingYour Research BudgetRuth WithersProject ManagerResearch for Better Health OutcomesFebruary 23, 2011

  2. I have a research plan – How do I create my budget and then justify it to the funding agency?

  3. Innovation Fund Budget Details Required: Personnel Consumables (supply quotes) Professional Services (supply breakdown)

  4. You cannot apply for funding from the Innovation Fund for: Equipment Travel “Applicants should note that it is important to calculate budgets accurately, as requests for additional funding will not be approved” Keep in Mind…

  5. How do I go about getting accurate costings for my project?

  6. Obtaining Quotes Obtain quotes from the source you intend to purchase them from Ensure quotes for procedures are in writing and ensure supplier has the ability to provide the service.

  7. Obtaining Quotes Obtain accurate FTE and salary figures Do not rely on quotes obtained for previous funding applications – Prices change

  8. How do I justify my costs to the funding agency?

  9. Example 1: Communication Costs - $1,000 $1,000 for communication costs.  Patient Transportation Costs - $2,000 Costs for participant parking.  Budget Justification

  10. Example 2: Communication Costs - $620 Researchers will be provided with a cellphone for use during the active recruiting phase of the study. The budget includes the initial cost for the phone ($200), the monthly plan costs for 6 months ($40/month) and estimated call costs for 6 months ($30/month). Budget Justification

  11. Example 3: Participant Transportation Costs - $2,500 500 visits at Middlemore Hospital with $5 parking per visit - $2,500. Budget Justification

  12. Example 4: Study Coordinator - $31,500 Study Coordinator employed for 0.6 FTE for 9 months at $70,000. Budget Justification

  13. Get Help! Contacts: Ruth Withers – Project Manager, CCRep Murray Farnsworth – Finance Manager, CCRep The Best Way to Budget…

  14. Innovation Fund Application Issues

  15. Not using the application form. Non-CMDHB employees applying for funding. Not obtaining accurate statistical advice. Common Process Issues

  16. Poor description of the work and how it answers the research question Not obtaining the necessary signatures (All investigators, Divisional General Manager and Clinical Head) Not supplying the original signed version with the application. Common Application Issues

  17. Keep to page and word limits Use the correct font – Arial 11+ Use the checklist Submit the correct number of copies (4 including the original) IMPORTANT

  18. Get Help! The best advice… Ruth Withers – Ruth.Withers@ccrep.org.nz StuartRyan – Stuart.Ryan@ccrep.org.nz IreneZeng – Irene.Zeng@ccrep.org.nz John Baker – jbaker@middlemore.co.nz

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