Splitting a Robotics Project Budget
Suggested breakdown
| Item | Notes |
|---|---|
| Equipment and components | Robot, controller, end effector |
| Integration and installation | Design, wiring, commissioning |
| Fixtures and tooling | Often underestimated |
| Software and licences | Include renewals |
| Training and spares | Budget both |
| Contingency | 5%-10% recommended |
Easy to miss
Production downtime, utility and layout changes, and ongoing maintenance.
Practice
Split the budget by phase so spending can be tracked against milestones.