Webinars: Webinar: Lab Budgeting 101

Find out all you need to know about budgeting for your lab in this webinar.
 

Live Air Date: Wednesday, January 23, 2013

The laboratory budget is a short-term plan for the future. Its purpose is to establish a forecast of spending to guide one’s R&D programs during the next fiscal period. The best way to begin determining a budget is with a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the company and its product lines. Discussions with laboratory staff members to determine budget needs are also important. Find out all you need to know about budgeting for your lab in this webinar.

As an attendee, you will learn more about:

  • Advantages of the SWOT process and how to use it effectively
  • Importance of outsourcing in cost savings
  • How to understand their businesses and spending requirements
  • Disadvantages of spending substantially either under or over budget
  • How to complete their budget in a timely way through the basic principles of project management

Speaker

Dr. John K. Borchardt worked as a bench chemist, team leader, group leader and technology manager for three large companies: Hercules, Halliburton Services and Royal Dutch Shell and a small specialty chemical company, Tomah Products. He wrote more than 130 peer-reviewed research papers and held 30 U.S. patents. Dr. Borchardt also authored the book, “Career Management for Scientists and Engineers.” He passed away in January 2013.

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