Breadboard 1 $3.00 $3.00 Jumper cables 1 $3.00 $3.00 Development board 2 $25.00 $50.00 GPS module 1 $50.00 $50.00 Real time 1 $2.00 $2.00 Electronic compass 1 $14.00 $14.00 Energy harvesting system 1 $8.00 $8.00 Break away headers 1 $3.00 $3.00 Total: $610.00 In an effort to further analyze the budget, the pie chart below breaks down the estimated costs spent on each item as a percentage of the total. The majority of the spending for this project will be on power related components, specifically the solar panels and power regulator. Though solar panels are by no means the most expensive component of this project, several of them are needed for the prototype as well as for testing purposes. Similarly, an individual power regulator is not expensive; however, several are needed for the system. The majority of the modules fall in the midrange of spending. Though some of these, such as the GPS, are in fact the most expensive per unit, only one will be needed for the system. Most of the testing equipment used for the development of the software is on the low end of the spending spectrum. Several of these components are so inexpensive, only a couple of dollars, that their cost is almost negligible when considering the entire spending budget. Figure 54: Budget Percentages 11.3.2 Financing Once an estimated budget was determined, the group then began looking into possible sources of funding. A funding proposal was created outlining the project and how any funding received would be used. After submitting necessary documentation, Boeing/Leidos agreed to sponsor this group by generously donating $532.48. It was agreed by all member of the group that if this project exceeds this amount, then the difference will be split evenly between all four members. Fortunately, the cost of producing the prototype was lowered due to the resources available to UCF students. This included the use of tools in the Texas Instruments Innovation Lab as well as the Senior Design Lab. As a result, a larger portion of the funds could be dedicated to the purchasing of the
Breadboard 1 $3.00 $3.00 Jumper cables 1 $3.00 $3.00 Development board 2 $25.00 $50.00 GPS module 1 $50.00 $50.00 Real time 1 $2.00 $2.00 Electronic compass 1 $14.00 $14.00 Energy harvesting system 1 $8.00 $8.00 Break away headers 1 $3.00 $3.00 Total: $610.00 In an effort to further analyze the budget, the pie chart below breaks down the estimated costs spent on each item as a percentage of the total. The majority of the spending for this project will be on power related components, specifically the solar panels and power regulator. Though solar panels are by no means the most expensive component of this project, several of them are needed for the prototype as well as for testing purposes. Similarly, an individual power regulator is not expensive; however, several are needed for the system. The majority of the modules fall in the midrange of spending. Though some of these, such as the GPS, are in fact the most expensive per unit, only one will be needed for the system. Most of the testing equipment used for the development of the software is on the low end of the spending spectrum. Several of these components are so inexpensive, only a couple of dollars, that their cost is almost negligible when considering the entire spending budget. Figure 54: Budget Percentages 11.3.2 Financing Once an estimated budget was determined, the group then began looking into possible sources of funding. A funding proposal was created outlining the project and how any funding received would be used. After submitting necessary documentation, Boeing/Leidos agreed to sponsor this group by generously donating $532.48. It was agreed by all member of the group that if this project exceeds this amount, then the difference will be split evenly between all four members. Fortunately, the cost of producing the prototype was lowered due to the resources available to UCF students. This included the use of tools in the Texas Instruments Innovation Lab as well as the Senior Design Lab. As a result, a larger portion of the funds could be dedicated to the purchasing of the
SD2PaperFinal.docx