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msc52njit-edu replied to the topic Factors to look for while preparing schedule and budget for Clinical Trial in the forum Project Management Application: Clinical Trial 7 years, 3 months ago
When preparing your budget for a clinical trial you need to first have a well defined schedule broken down. The schedule should be made first so you can see where money will have to be spent at certain times and then you can budget to make sure that you will have adequate money at that time. To prepare the schedule I believe you must allow ample time for all projects to get done. Rather than set a time table where everything must be done as quickly as possible and where poor results may than be produced, it is better to allow more time for pieces of the project. That way if anything you will be ahead of schedule not behind schedule and you are less likely to make mistakes or lose contractors or sponsors. To determine schedule you must also consider the members working in your project. You must ask questions first to get a judgment of everyone’s availability and to see who will be away during what time. This will then allow you to predict how long projects and steps will take.