DM 304 | Course Introduction and Application Information - Department of Industrial Design

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
National Occupation Classification	-
Course Coordinator	-
Course Lecturer(s)	Öğr. Gör. Ezgi EZDAR ONUR
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 Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
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	Design and R&D Oriented Project Financing	Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 19-164.
4	Semester Project: Design Office Simulation / Operational Planning with Digital Tools	Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020), 33-88.
5	Budgeting Fundamentals: First Steps into Excel	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 and Testing Costs	Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 91-109.
7	Seminar: Practical Insights from the Industry	-
8	Midterm Week	-
9	Cost Drivers and Calculation with AI Support	Thomas T. Nagle, John Hogan, and Joseph Zale - "The Strategy and Tactics of Pricing: New International Edition," Routledge; 5th edition (2013).
10	Interactive Workshop: "The Price is Right" / Pricing Strategies	Peter Atrill - "Financial Management for Decision Makers," Pearson; 9th edition (2020), 33-88.
11	Seminar: Practical Insights from the Industry	-
12	Application of Financial Statements and Charts	Ray W. Frohnhoefer & Inham Hassen - "Project Cost Management Principles, Tools, Techniques, and Best Practices for Project Finance," PPC Group, LLC (2022), 40-50.
13	Return on Investment (ROI) 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), 70-80.
14	Semester Project Presentation Preparations	-
15	Semester Project Presentation	-
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

Semester Activities	Number	Weigthing
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 Exams
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

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	14	1	14
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	1	8	8
Presentation / Jury	1	20	20
Project	1	30	30
Seminar / Workshop			0
Oral Exam			0
Midterms		-	0
Final Exam		-	0
		Total	120

#

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

-