Hints for the Project Budget
This is arguably the most important part of the grant, as it determines how much money you are asking for. Often, the Budget and its accompanying narrative are poorly thought out or inadequately explained, and the proposal, although meritorious, is rejected.
1. Make sure the items and processes for which you are requesting funds are mentioned somewhere in the Project Proposal.
2. Make sure that your items are available, not overpriced and will arrive in time for you to use them for your research.
3. Make sure you include shipping and handling costs in the total dollar amounts requested, and itemize your list.
4. Make sure you will be able to purchase expensive items if the cost is more than the maximum allowed.
5. Make sure all numeric calculations (dollar values, mileage, number of items needed, etc.) are clear, easy to follow, and accurate.
6. Keep it simple. Oftentimes students ask for very expensive things that have a simpler, much less expensive alternative readily available. The committee will notice such things.
7. Make sure you justify EVERYTHING in the Budget Narrative.
8. Make sure you discuss the Budget with your advisor as they will often be able to spot weaknesses that you might not think about (two sets of eyes are better than one!)