White Paper: 5 Best Practices to Follow While Budgeting for a Clinical Trial

• By: ComplianceOnline
• Date: July 08, 2014

Clinical trials that fail to achieve their goals are often the result of poor budgetary planning and decisions.Given the various processes, individuals and committees involved in a clinical trial, budgeting can be a tricky process. A proper clinical budget is one that not just factors in the obvious costs, but also anticipates hidden ones and provides for unexpected situations or contingencies. This white paper explains why budgeting for a clinical trial is important, the various phases in clinical research and the budget related activities in each, the different kinds of clinical costs and five best practices that organizations should follow when creating and implementing a clinical study budget.

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