Skip to main content
Add as a preferred source on Google


Aberystwyth U To Monitor Research Project Costs with Allocate

  • By Dian Schaffhauser
  • 08/19/09

Aberystwyth University in Wales has selected Project Financial, Accounting and Costing Tool (pFACT) from Allocate Software to manage its research projects. The application will allow the university to calculate the full economic cost of each project. This process is being implemented in a number of universities following a move by the UK government to both increase its spending in higher ed research and track the viability of its investments.

"We selected Allocate Software for its expertise and track record in project costing tools for the education sector," said Tegid Edwards, deputy director of finance at Aberystwyth. "We were impressed by the costing functionality available with the pFACT solution and look forward to integrating it with our existing systems."

The 7,000-student university is the 39th institution to implement pFACT according to the vendor. In a statement, the university said it chose pFACT instead of other programs for its low cost, ease of use, and single database.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • glowing brain above stacked coins

    The Higher Ed Playbook for AI Affordability

    Fulfilling the promise of AI in higher education does not require massive budgets or radical reinvention. By leveraging existing infrastructure, embracing edge and localized AI, collaborating across institutions, and embedding AI thoughtfully across the enterprise, universities can move from experimentation to impact.

  • SXSW EDU

    SXSW EDU 2026: Discover How to Incorporate Technology with Impact

    With the proliferation of AI and advanced technology, education leaders have an opportunity to find and implement the right solutions to make a difference for learners. This March 9-12, SXSW EDU 2026 is your chance to discover innovative edtech, connect with trailblazing peers, and find strategies that make an impact.

  • globe surrounded by network connections

    AI Adoption Is Surging, but Infrastructure and Language Gaps Persist

    Artificial intelligence may be spreading faster than previous waves of consumer tech, but a report from Microsoft's AI Economy Institute suggests its benefits are concentrating in a relatively small set of countries, with infrastructure and language emerging as major dividing lines.

  • businessmen shaking hands behind digital technology imagery

    Microsoft, OpenAI Restructure AI Partnership

    Microsoft and OpenAI announced they are redefining their partnership as part of a major recapitalization effort aimed at preparing for the arrival of artificial general intelligence (AGI).