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Budgets
There are a range of scenarios for creating a budget, for now we will focus on two to begin with.
- Design teams that need an operational cost budget
- Design teams that needs to calculate a project budget
Operational Design Costs
These are everything you need to run a design team. The assumption is that a separate business budget will allocate salary, office rent and infrastructure costs.
Whatever the context of a team or project, you need to have a few numbers to hand that help you determine the feasibility of your plans. Creating, collection and referencing budgets helps it become a quicker and more certain process.
Broadly, we need to do a few things:
- Write down a list of everything we will spend money on
- Calculate a total cost per year to run the team
- Increase our accuracy by making versions that adjust for changes
Add in the items attributes: category of cost, description cost, frequency of spend, currency, is it critical or nice to have
Contractors
- Type of contracting
- Forecasting costs
- Specialists based on work requirements: artworking, typography
Equipment
Recording: camera, tripod, microphone, hard drives,
Computers: Specialist machines for computing power
Devices: phones, tablets, VR headsets, watches, voice assistants
Team Events
- Celebrations: birthdays, work anniversaries, business anniversaries, Christmas
- Team building: away days, company strategy days, meet-ups with across offices
- Guest speakers: fun, inspirational, educational
Education
- Team training plans: management, practice expertise, emerging
- Personal training: video courses, books, conferences, courses