Description
Achieving full cost recovery – getting funders to pay for both direct project costs and a fair share of your organization’s indirect costs – is challenging. Donors apply different indirect cost rates, so it can be hard to benchmark whether or not your organization is achieving full cost recovery on each project. And yet, without full cost recovery, your organization’s financial sustainability may be uncertain.
The course covers the nuances around indirect cost recovery and offers solutions to the issues that organizations face. Learn essential cost theory as well as the practical application of applying different recovery methods. Through exercises and training materials, this course takes a global perspective in considering different donor mixes and their respective cost recovery rules. This course includes two in-depth modules explaining the details around USAID’s Negotiated Indirect Cost Rate Agreement (NICRA) and FCDO’s Non-Project Attributable Cost (NPAC) fair share cost recovery approaches.
What you will learn
By the end of this training, learners will be able to:
- Understand the theory of different types of costs
- Appreciate the full cost recovery philosophies of USAID and FCDO
- Apply different strategies in situations where a donor’s rate is limited
- Build an organizational strategy to respond effectively to donors and funders
Learners will gain insights into optimizing organizational cost recovery rates while maintaining donor compliance and consistency in operations. Throughout the course, Humentum will share strategies for overcoming common challenges in cost recovery and discuss methods for implementing lasting financial health now and in the future.
How you will learn
Format
Online/Live webinars
Effort
5 90 minute sessions
Duration
3 days
Certificate
Digital
Humentum’s practical training puts the learner first. Our expert facilitators draw on their own sector and subject-specific knowledge for a worthwhile and enjoyable learner experience. They will share relevant tools, techniques and insights that are immediately transferrable to your own work. You are also actively encouraged to engage in collaborative learning through discussions and group work. This training runs over three days and you are required to log in at set times each day to attend live webinars, each lasting approximately 90 minutes. You will also access videos and join discussions. You can find out more about our training platform by watching this video. We estimate this training requires four hours per day, depending on your pace of learning, and previous experience.
FAQS
What happens if an attendee misses a webinar?
We recognize that learners might need to fit this training into a busy schedule; if a webinar is missed, we post a recording onto the learning platform within 24 hours for attendees to catch up.
Do learners receive a certificate?
Yes! Once learners complete the training, they receive a certificate of completion.
Does Humentum offer CPEs/education credits?
Unfortunately, Humentum does not offer CPEs or credits for attending our trainings.
Who should attend
This training is designed for:
- Those that have some previous experience of cost recovery
- Finance, Business development, and compliance staff
- Those who struggle to make sense of the different donor indirect rates
Not sure if this training is for you? Feel free to contact us.
