Come this time of year, many pharmaceutical and medical device companies are finalizing their budgets for the next 12 months. Mostly, these efforts are now complete but if your group hasn't yet completed a translation budget, here are three resources that will be helpful.
1. Budgeting for Translations
ForeignExchange's Jason Heaton has put together an audio conference to provide a detailed look at the variables that impact translation budgeting. It looks at the variables that affect the costs of translations to help understand what drives the costs and covers concrete tips on how to create ballpark budgets for your translation projects and extrapolate for quarterly and annual numbers.
2. Going Global Without Going Broke
John White of VenTAJA Marketing aims to answer the question "How much will it cost to translate our Web site?". His PDF resource gets down to specifics: how a translation proposal is structured and what the different components mean.
3. Localization Budget Calculator from Milengo
Milengo take a higher-level look at budgeting. Based on your industry and the breakdown of your organization's revenue stream, its Localization Budget Calculator will try to estimate the overall size of your translation and localization budget. As with any tool like this, don't expect an exact number but this will get you into the ballpark.
Budgeting is rarely fun. But with these tools, the forecasting of translation spend becomes easier and more accurate.
Translating web pages? Get more details about ForeignExchange's expertise in translating pharmaceutical and medical device web sites.