Issues in research management and administration
IRMA1 (June 2004)
Sustainability and Full Economic Costing: Policy and Implications
by John Wand, John Newton and Ian Carter
Abstract:
The first section of this paper explores the historical development of the dual support system and the logic behind the current drive for reform. The Government's approach is explained, and the initiatives to date are outlined. Some issues arising from the proposals are presented and the roles of government funders of research are examined. The second section details the recent work of the Joint Costing and Pricing Steering Group (JCPSG) in supporting the development of the TRAC methodology, and provides links to further information. The final section takes a detailed look at the implications for institutions as they implement TRAC and move towards the Full Economic Costing of research. Technical accounting issues are explained, and the arguably larger problem of managing cultural change is addressed. A number of tasks for institutions to address are outlined and questions posed. The magnitude of the task is revealed.
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