COURSE INTRODUCTION AND APPLICATION INFORMATION

Course Name
Project Budgeting
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
DM 304
Fall/Spring
3
0
3
4
Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Problem Solving
Case Study
Jury
Lecture / Presentation
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives This course aims to provide students with the essential skills required for budgeting design-focused R&D projects. Students will gain practical experience in creating financial plans and analyzing project costs.
Learning Outcomes The students who succeeded in this course;
  • Develop a comprehensive project budget.
  • Analyze financial feasibility for design-oriented R&D projects.
  • Prepare detailed financial statements.
  • Identify cost drivers and budget constraints.
  • Present budget proposals effectively.
Course Description This course explores the principles and practices of budgeting specifically for design-oriented R&D projects. Students will learn how to create and manage project budgets, ensuring financial feasibility and alignment with project goals. The course includes hands-on exercises in developing detailed financial tables and project documentation. By the end of the course, students will be equipped to produce well-structured budget plans and financial reports for innovative design projects.
Related Sustainable Development Goals

 



Course Category

 Core Courses
Major Area Courses
Supportive Courses
X
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction to Project Budgeting Course Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022).
2 Project Management and Design Project Process Project Management Institute - "Process Groups: A Practice Guide," Project Management Institute; 2nd edition (2022)
3 Basics of Budgeting and Funding Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 19-164.
4 Financial Statements Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020), 33-88.
5 Generating Ideas for Semester Project Michael Lewrick, Patrick Link, & Larry Leifer - "The Design Thinking Toolbox: A Guide to Mastering the Most Popular and Valuable Innovation Methods," Wiley(2020), 149-184.
6 Prototyping Cost Estimation Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 91-109.
7 Prototyping Cost Estimation Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 91-109.
8 Midterm Week -
9 Value Addition and Pricing Strategies Thomas T. Nagle, John Hogan, and Joseph Zale - "The Strategy and Tactics of Pricing: New International Edition," Routledge; 5th edition (2013).
10 Financial Planning for Semester Project Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020), 33-88.
11 Investment Analysis Basics Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020), 147-197.
12 Capital Budgeting and Time Value of Money Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 40-50.
13 Calculating Return on Investment Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 70-80.
14 Application of Financial Tables and Charts -
15 Final Project Presentation Preparations -
16 Semester Review -
Course Notes/Textbooks

Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022) – ISBN: 978-1735621319

 

Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020) – ISBN: 978-1292311432
Suggested Readings/Materials

Project Management Institute - "Process Groups: A Practice Guide," Project Management Institute; 2nd edition (2022) - ISBN: 978-1628257830

Michael Lewrick, Patrick Link, & Larry Leifer - "The Design Thinking Toolbox: A Guide to Mastering the Most Popular and Valuable Innovation Methods," Wiley (2020) – ISBN: 978-1119629191

Thomas T. Nagle, John Hogan, and Joseph Zale - "The Strategy and Tactics of Pricing: New International Edition," Routledge; 5th edition (2013) – ISBN: 978-1292023236

 

EVALUATION SYSTEM

Semester Activities Number Weighting
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
10
Presentation / Jury
1
30
Project
1
50
Seminar / Workshop
Oral Exam
Midterm
Final Exam
Total

Weighting of Semester Activities on the Final Grade
4
100
Weighting of End-of-Semester Activities on the Final Grade
-
-
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
1
14
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
8
Presentation / Jury
1
20
Project
1
30
Seminar / Workshop
Oral Exam
Midterms
-
Final Exams
-
    Total
120

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
 Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to equipped with theoretical and practical knowledge of industrial design, and to apply it to a variety of products, services and systems from conventional industries to urban scale with innovative and sustainable approaches

 X
2

To be able to communicate design concepts and proposals for solutions, which are supported with quantitative and qualitative data, to specialists and non-specialists through visual, written, and oral means

 X
3

To be able to equipped with the related theoretical and methodological knowledge of engineering, management, and visual communication that is required for interdisciplinary characteristic of industrial design; and to collaborate with other disciplines, organizations, or companies

 X
4

To be able to equipped with the knowledge of history and theory of design, arts and crafts; and culture of industrial design
5

To be able to equipped with social, cultural, economic, environmental, legal, scientific and ethical values in the accumulation, interpretation and/or application of disciplinary information and to employ these values regarding different needs
6

To be able to develop contemporary approaches individually and as a team member to solve today’s problems in the practice of industrial design
7

To be able to define design problems within their contexts and circumstances, and to propose solutions for them within the discipline of industrial design considering materials, production technologies and ergonomics

 X
8

To be able to use digital information and communication technologies, physical model making techniques and machinery, at an adequate level to the discipline of industrial design
9

To be able to employ design research and methods within the theory and practice of industrial design
10

To be able to recognize the need and importance of a personal lifelong learning attitude towards their chosen specialization area within the industrial design field
11

To be able to collect data in the areas of industrial design and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)
12

To be able to speak a second foreign language at a medium level of fluency efficiently
13

To be able to relate the knowledge accumulated throughout the human history to their field of expertise

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest