Practice - Components
Practice Questions
Test your understanding with targeted questions
What is meant by design and engineering costs?
💡 Hint: Think about what resources are required for design.
Give an example of a component cost.
💡 Hint: Consider the basic parts used in electronic devices.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What category does the cost of EDA licenses fall under?
💡 Hint: Consider the type of work involved with licenses.
True or False: A contingency budget is used to cover planned expenses.
💡 Hint: Think about the purpose of contingency budgets.
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Challenge Problems
Push your limits with advanced challenges
A hardware development team needs to decide whether to allocate 15% or 20% of the total budget for the contingency fund. Calculate the total amount for contingency if the project budget is set at $200,000 for both percentages.
💡 Hint: Calculate the percentages to find the amounts.
Critically assess how different cost tracking methods (e.g. software, manual reviews) could affect project control. Which method would be most advantageous and why?
💡 Hint: Think about the speed and accuracy of each method.
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Reference links
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