Budget Management

Budget management in clinical trials involves planning, allocation, monitoring, and control of financial resources to ensure that a clinical trial is conducted within its budgetary constraints. It encompasses the estimation of expenses, allocation of funds to various trial components, real-time tracking of expenditures, adherence to regulatory compliance, negotiation of contracts, and documentation of financial transactions. Effective budget management helps maintain the quality and integrity of the research while preventing budget overruns and ensuring that financial resources are used efficiently and transparently.