Budgeting plays a pivotal role in catalysis for several reasons: - Resource Allocation: Proper budgeting enables the optimal distribution of funds across various aspects like laboratory equipment, materials, and personnel. - Project Planning: A well-defined budget helps in planning project timelines, setting milestones, and anticipating potential financial challenges. - Risk Management: Identifying and allocating funds for potential risks can help mitigate unforeseen challenges during the research process.
