Categories
Budgeting Process

Understanding Costs

(Decorist : 9/18-6/19)

Challenge

Inherited an engineering budget without a clear inventory of costs and corporate parent wanted company’s Engineering Cap/OpEx (which had never been formulated.)

Action

For whatever reason, prior to my arrival, no one paid attention to engineering costs (AWS, subscriptions, etc.)

I worked with Accounting to create and maintain a budget, revising and reviewing on a monthly/quarterly/annual basis, while also determining Cap/OpEx, and in so doing, found an allocation on P and L leading to $45K/yr savings.

Results

  • Created monthly budget giving company ability to forecast engineering costs for first time in its history.