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  • eac25 replied to the topic Cost Analysis of Project in the forum Project Management Process and Medical Device Development 8 years, 3 months ago

    I was working on a project during my undergraduate where I had to develop a rehabilitation glove for stroke patients. We had acquired a budget of $3000 and had to decide what we needed for a prototype. I was made the chief financial officer of our group, but I was woefully inexperienced at anything financial so our spending was very much unplanned. We ended up spending only a little over $200 before that project eventually fizzled out, so all in all it wasn’t as much of a bad ending as it could have been since we were always under budget.