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
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives The aim of this course is to equip students with the tools that will help them to understand what market and investor is thinking about design projects.
Learning Outcomes The students who succeeded in this course;
  • Student will be able to interpret the basic concepts of cost and revenue.
  • Student will be able to present their project to investors effectively.
  • Student will be able to close the chasm between design and investment.
  • Student will be able to interpret the fundamental tools used in financial jargon.
  • Student will be able to understand how businesses work.
Course Description There would be 3 main phases of project budgeting. In the first phase R&D and prototype costs would be analyzed. In the second phase with some improvements on design value would be analyzed. And in the 3rd phase (which is the mass production phase) budgeting should be made for business planning.

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Course Introduction, syllabus overview None
2 Introduction to budget (cost and revenue) None
3 Introduction to basic financial terms and their meanings Bringing a real balance sheet and income statement to class
4 Prototype costing None
5 Adding value and determining the price None
6 Review of terms None
7 Midterm None
8 Introduction to investor analysis Reviewing a video on capital budgeting
9 Capital budgeting and Time value of money None
10 Calculating ROI (return on investment) Reading on a real case about investment analysis
11 Analyzing results Class work None
12 Financial statements. What do they mean? None
13 Balance sheet, Income statement None
14 Case study None
15 Case study None
16 Review of the Semester  
Course Notes/Textbooks Academic papers and presentations related with the subjects conducted during the semester.
Suggested Readings/Materials Principles of Managerial Finance – Lawrance J. Gitman, Chapters 1,2,34,8,9,10,11,14

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
60
Weighting of End-of-Semester Activities on the Final Grade
40
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
9
3
27
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
2
Final Exams
1
3
    Total
80

 

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

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

X
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

X
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

X
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)

X
12

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

X
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