Approaches to Strategic Planning

What is Full Cost Recovery?

Download 409.79 Kb.
Size409.79 Kb.
1   ...   38   39   40   41   42   43   44   45   ...   71
10. What is Full Cost Recovery?

ACEVO (Association of Chief Officers of Voluntary Organisations) describes full cost recovery as

“….recovering or funding the full costs of a project or service. In addition to the costs directly associated with the project, such as staff and equipment, projects will also draw on the rest of the organisation. For example, adequate finance, human resources, management, and IT systems, are also integral components of any project or service. The full cost of any project therefore includes an element of each type of overhead cost, which should be allocated on a comprehensive, robust, and defensible basis.”

More information on full cost recovery is available on the ACEVO website, including good practice guidelines, Frequently Asked Questions, case studies and toolkits.

Share with your friends:
1   ...   38   39   40   41   42   43   44   45   ...   71

The database is protected by copyright © 2020
send message

    Main page