Aside from being a vital part of medical advancement, a clinical trial is a complex and expensive business which requires great planning and strategy.
One big part of a successful trial are the finances. Financing clinical trials is a task that involves careful planning, anticipation, and negotiation of costs, budgets, and compensation to investigators. Taking into consideration the great number of items, procedures, protocols, subjects, and visits, it can be challenging to not miss or forget an item when you're preparing your budget. Managing to get the necessary budget that you need for covering all costs of conducting a trial requires careful anticipation and great negotiation skills. When negotiating your budget and explaining all the costs and expenses to sponsors, you have to take into consideration the costs of paying your investigators.
