Cost Proposal: How to Build the Budget

Training

Workshop

Cost Proposal: How to Build the Budget

December 01, 2017 - 9:00am to 5:00pm

Washington , DC , United States

Instructor(s):

Shannon M. Meehan

Language: English

Early - Oct 20 Regular - Nov 10 Late - Dec 01
HUMENTUM MEMBERS $525 $575 $630
NON-MEMBERS $630 $680 $735

OVERVIEW

This one-day workshop is designed for NGO staff who contribute to developing proposal budgets. It focuses on how to build an appropriate cost proposal as well as how to maximize cost proposal budgets with the US Government (USG). You will practice the fundamentals of building a budget, format a budget according to the Federal Standard Form 424 (Application for Federal Assistance) and learn how to communicate and justify the cost proposal to your donor. Taught in a highly participatory style, the workshop provides you with the skills you need to confidently compete for your next USG Grant or Cooperative Agreement. 

WHO SHOULD ATTEND

In addition to individual participants, Humentum encourages teams of employees to attend this workshop together. Staff who will benefit include: 

  • Finance, grants, and contracts staff who play a role in proposal writing or review

  • Program staff who work on new business development

  • Business development staff

WHAT YOU WILL LEARN

You will learn how to:

  • Manage USAID/USG expectations for cost proposals
  • Determine the necessary costs to include in a budget
  • Comply with the formatting requirements as outlined in USAID/USG Standard Form 424
  • Apply best practices for budget narratives
  • Reconcile the budget narrative to the budget calculations
CPE Credits

Participants at the workshop will earn 7.8 CPE credits and receive a certificate of attendance. The course level is Basic. The delivery method of this program is Group Live and the Field of Study is Specialized Knowledge.

Humentum is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Day 1

Introductions, workshop objectives

RFA/RFP overview

  • Elements of a cost proposal

    Category based budget

    How to present a budget to US government

Group exercise

  • Examining an RFA

Cost Proposals: The components

  • Budget team role
  • Building the budget: cost estimation
  • Unit cost by type

Group exercise

  • Determining costs

Building the budget

  • Fixed costs

Group exercise

  • Determining fixed costs

Building the budget

  • Identify costs by activity and time

Group exercise

  • Build the costs

Evaluating the cost proposal: Common considerations

  • Budget narrative

Group exercise

  • Budget narrative

Budget review

Best practices review

Q&A

Close of day

Humentum
1120 20th St NW 
Suite 520S (Building 1)
Washington DC 20036
 
The nearest Metro stop to the workshop is Farragut West on the Blue/Orange/Silver lines or Dupont Circle or Farragut North on the Red line. 

Participants are responsible for making and paying for their own hotel/lodging arrangements. We have found that www.hotels.com usually offers comparable or even lower rates than we are able to negotiate. We recommend attendees look for hotels in the Dupont Circle neighborhood. Check out some suggestions for convenient hotels.
 

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