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The Australian National University

M5.  Financial, resource and risk management


As an effective researcher, you will need to exercise financial control over your projects. To do this you will need to be financially literate and have a clear understanding of the financial processes associated with research projects. Specifically, you will need to understand how to accurately cost research bids as part of the grant application process, how to prepare and monitor budgets, how to assess and manage risk and how to prepare financial reports. You also need to understand the importance of financial control and the audit requirements associated with research projects. This is particularly useful for research leaders and team leaders.


This module aims to equip you with the financial skills to properly cost, manage and report on research projects for which you are responsible.

Learning outcomes:

After completing this module you should be able to:

  • understand, read and interpret financial information and reports in respect of research projects;
  • fully and accurately cost research proposals and understand how costs can be controlled;
  • prepare and monitor project budgets;
  • proactively analyse and manage the risks and resources associated with research projects;
  • prepare required financial reports and understand audit requirements.


  • Researchers at all levels, including PhD students and research management staff

Instructions for accessing this module

Access this module

Updated:  21 March 2011/Responsible Officer:  Head, Research Student Development Centre /Page Contact:  FRLP Web Manager