How to Justify Budget Requirements to Funding Agencies?
Justifying budget requirements involves demonstrating the value and impact of the research:
- Detailed Budget Plan: Provide a clear and itemized budget plan. - Alignment with Objectives: Show how the budget aligns with the research objectives and expected outcomes. - Past Successes: Highlight previous successful projects and their impact. - Cost-Benefit Analysis: Present a thorough cost-benefit analysis to demonstrate the return on investment.
