How much will this cost?

A drawing of a calculator, money and a hand working on a budget

After considering partnerships, target audience and potential activities, you need to decide what portion of your proposal's total budget to allocate for BI activities. Factors to consider include whether you will require full funding, utilize in-kind funding, or if are you leveraging an existing program.

Questions to consider when developing your budget include:

  • Does your institution and/or chosen partner(s) have the infrastructure to support your BI activities?
  • Is the scale of your BI activity appropriate for the scale of the overall project?
  • Does the budget justification match the proposed project description in sufficient detail?

Let's Play Higher or Lower: Practice developing a budget

Below are three examples of commonly conceived BI activities. For each example there is basic information provided along with a price. When you select either higher or lower, the actual approximate cost with rough budget detail will appear.

These items are meant to be examples to help provide perspective on budgeting for Broader Impacts. See this table for more ideas on BI projects and estimated cost.

 

Tips for developing a strong budget proposal

A panel of speakers in front of a room
  • Describe the resources provided by the PI's institution and partnering institution(s).
  • Include a description of the resources provided in the budget justification (beyond the information in your Facilities Statement).
  • The budget justification should provide enough information for reviewers to evaluate the appropriateness of the necessary resources to conduct proposed BI activity(s) and reach desired outcomes.
In your proposal:
  • Are there adequate resources available to the PI (either at the home institution or through collaborations) to carry out the proposed activities?
  • Is the budget allocated for Broader Impact activities sufficient to successfully implement them?
Reviewers will be asking:
  • Do the institution(s) and/or chosen partner(s) have the infrastructure to support the activities and the associated evaluation?
  • Is the scale of the BI activities appropriate for the scale of the overall project?
  • Does the budget justification match what is proposed in the project description in sufficient detail?

 

  Target Audiences How is my research relevant to society?