Torun Business Review 15(3) 2016 53-61 53 PROJECT MANAGEMENT MODEL FOR IMPLEMENTATION OF BUDGETING IN THE UNIVERSITY - CASE STUDY INTRODUCTION Poland has over 1.4 million students. University campuses and other research-related institutions employ approximately 114,000 researchers. Students and researchers con- stitute a significant part of Polish society and universities and science have a key impact on the socio-economic development of the country (“Polskie uczelnie i nauka 2007-2015. Podsumowanie działań Ministerstwa Nauki i Szkolnictwa Wyższego”, 2015). Objectives, which were stated at the universities in the coming years include adjustment of the Polish research standards to international standards, raising the quality of education, internationalisation of education and science, cooperation with the labour market and the development of innovation. The abolition of the ministry’s list of study tracks and strengthening of the cooperation between socio-environment and business allowed the introduction of training more suited to the labour market In fact, it is important that the above processes can provide a flexible and rapid re- sponse to emerging changes in the environment and ensure the effectiveness of costs related to strategic tasks. PATRYCJA ANNA SZNAJDER a , a Ko:minski University in Warsaw, Poland ABSTRACT As far as budgeting process itself and the concept of project management are relatively accurately described in the literature, there is no research concerning the implementation of budgeting according to the require- ments of project management. This paper is a case study of the implementation of budgeting in the university and is intended to fill this gap and become an inspiration for theory and practitioners alike, involved in the manage- ment of projects in the area of finance. ARTICLE INFO Available online 3 October 2016 Keywords: project management, budgeting. JEL: G3, G31, G32. Doi: 10.19197/tbr.v15i3.61