Demystifying the Budget: A Guide for Nurses Seeking External and Internal Grant Funding
Abstract
External and internal funding is a way that nurse scholars can support research and scholarship activities. Often, programs are supported by a combination of internal and external funding to support projects. External funding through competitive grants is a valuable way to fund initiatives and to expand services. However, these applications commonly require a detailed and complete budget that will provide a framework to fiscally plan for program activities – which can be daunting to novice grant seekers. There is a scarcity of information in the literature on the framework for the development of a program budget or how to begin, which can be a challenge to those new to this process. A well-prepared and developed budget supports the success of an external funding application and serves as the framework to fiscally support and optimize activities. The purpose of this presentation is to provide nurses the basic information on how to develop a budget for external and internal funding applications.
Demystifying the Budget: A Guide for Nurses Seeking External and Internal Grant Funding
External and internal funding is a way that nurse scholars can support research and scholarship activities. Often, programs are supported by a combination of internal and external funding to support projects. External funding through competitive grants is a valuable way to fund initiatives and to expand services. However, these applications commonly require a detailed and complete budget that will provide a framework to fiscally plan for program activities – which can be daunting to novice grant seekers. There is a scarcity of information in the literature on the framework for the development of a program budget or how to begin, which can be a challenge to those new to this process. A well-prepared and developed budget supports the success of an external funding application and serves as the framework to fiscally support and optimize activities. The purpose of this presentation is to provide nurses the basic information on how to develop a budget for external and internal funding applications.