Costing, Pricing and Approval Tool (Phase 1 & 2)

What were the objectives of the project?

The Costing, Pricing and Approval (CPA) tool for external funding was launched on 8th April 2015 and supports the implementation of a newly approved policy and procedure.

The project delivered:

  • Stable, robust reliable solution
  • Capturing accurate costing and pricing data and managing the transaction process in accordance with ANU policies, procedures, guidelines and framework
  • Enabling accurate cost recovery for funded research.
  • Establishing a systematic workflow that delivers extended business process management while eliminating security risks and enforcing compliance needs.

Delivering improved services

The project provided an online solution that standardised the method to costing projects across the University. The tool's automated and streamlined approval process facilitates timely decision making by delegates and:

  • calculates research project price to the funds provider inclusive of ANU minimum indirect costs
  • includes a 'save' function to allow researcher to work at their own pace in developing a budget
  • recognises that some funders have fixed indirect cost recovery rates.

What it means for staff

The policy and procedure for Costing and Pricing of Externally Funded Research Projects, University Consultancies and Commercial Services came into effect on 1 April 2015.

FAQ’s are provided https://services.anu.edu.au/information-technology/software-systems/costing-pricing-approval

Support and assistance

Support is available through the IT Service Desk.

Highlight news

31 Mar 2015

Launch of a new Costing, Pricing and Approval Tool »

The new ANU Costing and Pricing of Externally Funded Research Projects, University Consultancies and Commercial Services policy and procedure will...
17 Mar 2015

New Workflow for External Funding and new Costing Tool to be launched on 1 April »

The new ANU policy and procedure on Costing and Pricing of Externally Funded Research Projects, University Consultancies and Commercial Serviceswill...
15 Sep 2014

Consultation underway on new costing and pricing tool »

The ANU Costing and Pricing online budgeting tool, to be delivered in early 2015, will provide researchers and management with access to consistent,...
19 Aug 2014

Researchers to benefit from costing and pricing budget tool »

The ANU Costing & Pricing budgeting tool is being developed to assist researchers to cost and price their projects accurately, taking into...