One of the Aspects i had to look at was how much this project would cost if i was to make it as a real product. Before university i had never really needed to use budgeting to this extent. I do feel that I have learnt a considerable amount on the value of money and how the exchange of labour costs in a business mentality.
When producing my budget plan I discovered that i need to make sure my programer is paid more than the developer as programmers tend to be more in demand as they have a much higher skill level. I also made sure to maintain a flat percentage of 5-10% to ensure profit and also a percentage to ensure that developers and programmers are paid ontime and in full
[click image to enlarge image]