Polaris works with its clients to establish a consistent and transparent methodology to capture and compare grant budget data and benchmark grant expenses

Methodology

  • Build a database for analyzing approved grant budgets
  • Perform statistical analysis to determine valid benchmark ranges and means
  • Develop metrics and ratios to provide a meaningful comparison tool for grants

Deliverables

  • Job Aid: a benchmark card that will include metrics and cost ranges
  • Detailed budget template for collecting grant budget information
  • Database to collect historical and future grant expense and data
  • Summary of key metrics by type of grant, therapeutic area and vendors/providers
  • Summary of grant related observations and recommendations