5.3.2 On the Systematic Use of Budget‐Based Design

In the majority of the engineering projects, the most important design decisions are taken at the early stages of the design. As these decisions have a considerable impact on the final implementation of the product, they ought to be made in a well-considered manner. The usage of higher-level methods to support making balanced decisions in initial stages of a design is considered very helpful. This paper deals with one of these methods: budget-based design. It is claimed that the systematic usage of budgets helps to speed-up the development process, to better assess project risks and results in better-founded design tradeoffs.