Success By Design (prop) by David Sherwin

Author:David Sherwin
Language: eng
Format: mobi, epub
Publisher: Adams Media
Published: 2019-11-13T16:00:00+00:00

5. TRANSLATE YOUR ESTIMATE FOR THE CLIENT

After all of that, you can finally put an effective and accurate cost estimate into your proposal for your client. Congratulations! Step out of your office for a break and grab a refill on that coffee.

Budgets

A budget consists of the agreed-upon fees for each deliverable provided to your client over the life of a project. It is your financial bible for how time and materials will be consumed by your team, and it’s derived from your project estimate. You’ll want to start constructing your budget before kicking off any project - even internal ones!

Some designers feel that budgets are the bane of their existence - the creative process takes as long as it takes, right? - but without a well-constructed budget in place, it can be very hard to complete a project profitably. It’s just like keeping a budget for your personal or household expenses: If you overdraft your bank account, you are going to have to bear the additional cost somehow. And if your checks keep bouncing, the bank is going to close your account.

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