How to Split a Robotics Project Budget

Suggested breakdown

Equipment and components, integration and installation, fixtures and tooling, software and licences, training, spare parts, and a contingency of 5 to 10 percent.

Costs that are easy to miss

Production downtime, line modifications, utility and layout changes, and ongoing maintenance.

Practice

Split the budget by phase (design, procurement, implementation, acceptance) so spending can be tracked against milestones.