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GidMK's profile
Health Nerd
Health Nerd
Health Nerd
Verified account
@GidMK

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Health NerdVerified account

@GidMK

Epidemiologist. Writer (Guardian, Observer etc). "Well known research trouble-maker". PhDing at @UoW Host of @senscipod Email gidmk.healthnerd@gmail.com he/him

Sydney, New South Wales
theguardian.com/profile/gideon…
Joined November 2015

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    1. Health Nerd‏Verified account @GidMK 20 Sep 2018

      Background: I used to work in a finance department, and we got requests for funding all the time. Most of them were bad Here's how to make yours slightly less bad

      1 reply 0 retweets 0 likes
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    2. Health Nerd‏Verified account @GidMK 20 Sep 2018

      1. TALK TO YOUR FINANCE DEPARTMENT. I cannot stress this enough. They know the ins and outs of budgeting, they have the experience, and they will likely be reviewing your budget at some point anyway - better to get it done early

      1 reply 0 retweets 0 likes
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    3. Health Nerd‏Verified account @GidMK 20 Sep 2018

      2. Stop. Take a deep breath. THINK. Make sure you know everything you might need before you start budgeting

      1 reply 0 retweets 0 likes
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    4. Health Nerd‏Verified account @GidMK 20 Sep 2018

      3. Put every item into a separate line in Excel. Don't worry about making it look good yet, just get everything on there

      1 reply 0 retweets 0 likes
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    5. Health Nerd‏Verified account @GidMK 20 Sep 2018

      4. Go through your list again and check that you've included everything

      1 reply 0 retweets 0 likes
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    6. Health Nerd‏Verified account @GidMK 20 Sep 2018

      5. Split into 2 sections: people and goods/services. Go through it one more time to check that everything you need is there

      1 reply 0 retweets 0 likes
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    7. Health Nerd‏Verified account @GidMK 20 Sep 2018

      6. Make 4 columns next to the things: cost, units, on-cost, total cost

      1 reply 0 retweets 0 likes
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    8. Health Nerd‏Verified account @GidMK 20 Sep 2018

      7. Google the average costs of everything there. You can find salaries on many job posting websites. Salaries can be either by the hour or year, but I find year much easier here

      1 reply 0 retweets 0 likes
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    9. Health Nerd‏Verified account @GidMK 20 Sep 2018

      8. Add in the number of units (for people this should be in Full-Time Equivalent, or FTE - someone working 5 days a fortnight is 0.5 FTE usually)

      1 reply 0 retweets 0 likes
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    10. Health Nerd‏Verified account @GidMK 20 Sep 2018

      9. Add in on-costs. For people, this depends on where you are, but generally 15% is a reasonable guesstimate. Being specific here is a good idea, but it depends on local laws/regulations, and company policy For G&S, on-costs vary widely, Google is again your friend

      1 reply 0 retweets 0 likes
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      Health Nerd‏Verified account @GidMK 20 Sep 2018

      10. Multiply: Cost*Units*On-costs to get total cost. Then, add them up underneath

      4:56 PM - 20 Sep 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Health Nerd‏Verified account @GidMK 20 Sep 2018

          11. CHECK THAT YOU'VE ADDED CORRECTLY. I cannot stress this enough, probably half of all budgets I've seen have simple addition errors Now, check it again

          1 reply 0 retweets 0 likes
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        3. Health Nerd‏Verified account @GidMK 20 Sep 2018

          12. Go through one last time to make sure that EVERYTHING is there. Check your sums again. Put a line at the bottom with the overall total and make it stand out (bigger font, colours etc)

          1 reply 0 retweets 0 likes
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        4. Health Nerd‏Verified account @GidMK 20 Sep 2018

          13. Clean up the formatting. People say yes to things that LOOK GOOD

          1 reply 0 retweets 0 likes
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        5. Health Nerd‏Verified account @GidMK 20 Sep 2018

          Congrats, your budget is probably in the top 10% of budgets that will be submitted this financial year

          0 replies 0 retweets 1 like
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        6. End of conversation

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