Study time commitment: seven to ten hours
The learning outcomes for this module are to:
The module is made up of three units.
Within this unit you explore some of the key terminology used in budgeting and how it is interpreted in your organisation; what sources of help and support are available to you, and start to explore sources of funding for your areas of interest.
This unit breaks down the steps involved in constructing a research budget, starting from your experimental design and methodology through to how to justify a budget to a funder. Activities include finding out who knows how much elements within your research might cost.
Effective management of the budget as you conduct your research is the focus of this unit. You explore what all the stakeholders require in terms of reporting, look at the issues associated with your budget and how you might manage variances.