Budget Development for Funding Opportunities: A Resource for Nurse Leaders

For nurse leaders seeking internal or external funding for a project, the development of a budget is an important component in the application process. Although the requirements for the budget can differ, there are basic budgetary concepts that are commonly seen among funding agencies. Understanding these basic budgetary concepts and having a grasp of how to design a budget provides the cornerstone for the funding application. This key knowledge is invaluable throughout the application process. This article provides an overview of the fundamental aspects of budget development for grant applications.