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Framework for Budget of Asthma Drug Study Protocol - Assignment Example

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In developing budgets for clinical research, the first step is to list all the required resources and then categorize into direct costs, modified direct costs, indirect costs and total costs. …
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Framework for Budget of Asthma Drug Study Protocol

Download file to see previous pages... Infrastructure Hospital Emergency department Paediatric intensive care unit The above table includes all direct and any applicable indirect costs for one clinical group and not for the entire network (Taggart 2009). COMPONENTS OF STUDY BUDGET In developing budgets for clinical research, the first step is to list all the required resources and then categorize into direct costs, modified direct costs, indirect costs and total costs. Direct Costs is defined as costs in a grant or contract that support a project/program including personnel, equipment, supplies, patient care costs. Modified Direct Costs is used to calculate the indirect costs and excludes items from the direct costs such as: some equipment, student tuition, research patient care costs, and some subcontract costs (Children’s Hospital Clinical Research Program – RPG 2010). Indirect Costs are costs associated with the general operation of an institution and conduct of its research activities like facilities and administrative costs; calculated by applying a specified rate to the modified direct costs. Facilities &Administrative (F&A) costs should not be paid on any cost component representing the cost of research patient care activities. Research patient care rates (routine and ancillary) include F&A costs related to "hospital-type" employees (nurses, medical technicians, and similar personnel) supported as a direct cost under a grant. Therefore, to preclude over-recoveries of costs similar to these F&A costs, salaries and wages of all "hospital-type" employees working on the grant must be excluded from the salary and wage (S&W) base used to claim F&A costs. Related fringe benefits also should be excluded if such costs are part of the S&W...

Modified Direct Costs is used to calculate the indirect costs and excludes items from the direct costs such as: some equipment, student tuition, research patient care costs, and some subcontract costs (Children’s Hospital Clinical Research Program – RPG 2010).
Indirect Costs are costs associated with the general operation of an institution and conduct of its research activities like facilities and administrative costs; calculated by applying a specified rate to the modified direct costs. Facilities &Administrative (F&A) costs should not be paid on any cost component representing the cost of research patient care activities. Research patient care rates (routine and ancillary) include F&A costs related to "hospital-type" employees (nurses, medical technicians, and similar personnel) supported as a direct cost under a grant. Therefore, to preclude over-recoveries of costs similar to these F&A costs, salaries and wages of all "hospital-type" employees working on the grant must be excluded from the salary and wage (S&W) base used to claim F&A costs. Related fringe benefits also should be excluded if such costs are part of the S&W base. ...Download file to see next pagesRead More
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