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

  • digital lock with circuit patterns

    IBM Announces New AI-Powered Cybersecurity Tools

    IBM has announced an expanded portfolio of AI-powered cybersecurity products, positioning the company to compete more aggressively in a rapidly evolving market where enterprises are increasingly turning to artificial intelligence to defend against automated cyber threats.

  • large group of college students sitting on an academic quad

    Student Readiness: Learning to Learn

    Melissa Loble, Instructure's chief academic officer, recommends a focus on 'readiness' as a broader concept as we try to understand how to build meaningful education experiences that can form a bridge from the university to the workplace. Here, we ask Loble what readiness is and how to offer students the ability to 'learn to learn'.

  • Educational path and career development growth with neon icons for study, idea, graduation, and success

    How to Embrace Lifelong Learning as a Non-negotiable for Career Growth

    In a world shaped by rapid technological change and shifting economic forces, staying curious and committed to learning is the most powerful way to stay prepared.

  • 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.