Title: Develop a budget.
Course: Engineering Practicum IV (21047-36) > Section: Designing a Practicum Project

Development should include

- forecasted expenses and a plan for income
- the needs of the stakeholder
- a plan for contingencies
- a timetable for material acquisition.

Process/Skill Questions:

- What is the importance of a budget?
- What software can be used for budget development?
- What are the consequences of not developing a budget?
- How can one obtain income to fund the development of a project?
- What are key performance indicators to help make budget adjustments?