Saturday, May 2, 2009

Estimated budget for our product

Budgets are difficult but essential tools for project management. They permit teams to identify the financial and other resources required, and to match those requirements to the available resources. Budgets also require teams to account for project monies. Finally, budgets serve to formalize the support of the larger organization from which is drawn. Design project budgets normally include research expenses, materials for prototypes and support expenses related to the project. The table below is showing our estimated budgets:

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Estimated budget

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