Developing Your Budget

Developing
a budget requires translating the activities in the proposal into the
various costs necessary to support those activities. A well thought-out
budget can assist in identifying weak areas in the proposal narrative
and result in improvement to the technical proposal. Generally, the Office
of Grants and Contracts prefers to work with the Project Investigator/Project
Director in developing a line-item budget in spreadsheet format for inclusion
in the proposal. This is required for internal purposes if the award is
made, and most agencies either request or prefer receiving a line-item
budget, in addition to their pre-printed budget forms or interactive forms
available on the web, which they may also require be completed.