Budget is a detailed statement outlining estimated project costs to support the sponsored project. A budget should include all the direct costs and overhead costs required to carry out the project objectives. Proposal budgets in should match the level of detail requested by the sponsor.

Specific requirements, including cost principles are defined by the sponsor’s guidelines. The budget requires sponsors approval and during the process it is a subject to the change. When the sponsor requests are satisfied with the proposed budget, including any additions to or deletions from the one prepared the applicant, the budget is approved.

VAMA Consulting Group will provide you with assistance in creating a realistic and optimized budget which both allows you to finance all specific tasks and is harmonized with provided guidelines.