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3 Cards in this Set
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- Back
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Explain how to convert a project plan into a project budget
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The Gantt Chart shows what activities you will do, when they
will be done and how long they will last < If you know how much time and how many materials you need you can estimate the project budget |
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Describe the major costs associated with a biotechnology project and the risks and benefits of attempting to reduce those costs
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It is often easiest (and reasonable) to estimate costs based on
researcher time. Costs depend on actual activities but it is reasonable to assume that for a molecular biology / protein chemistry lab in a product development setting: Lab costs of $46,000 per researcher per year = $200 per day < Office-based costs of $11,500 per person per year = $50 per day < Examples of other costs to be considered: < Travel < Conferences < Training < Patents < Consultants |
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