![]() headcount (eg for management time, computer costs).Don’t overcomplicate the process if the numbers are small. There are a number of ways that you can divide costs between projects – you need to choose one that is logical and clear (and if relevant allowed by funder). There can be very good reasons for taking on projects that aren’t fully funded, but you need to do it with your eyes open. If you can’t get the full cost of a project from funders, you have to make a decision about whether it is an activity that you still want to do. This is what you are aiming for, but it isn’t always easy. When you are working out the cost of a project, you need to look at what support and resources it needs from the rest of the organisation (support costs), not just the obvious costs of the project itself (direct costs).Īdding these two cost types together gives you the full cost of the project, and full cost recovery is when funders pay for the relevant proportion of support costs (i.e.
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