Abstract
A model is proposed for long term budget planning of new products. The model makes use of the Project Stage Survival Rate and Project Stage Cost Rate concepts discussed previously in Part I of this paper. published in our August edition. The methodology utilizes the special attributes of the stages encountered during the R & D process. For this purpose, the project stage is used as a budgeting module. The model is oriented to satisfy the company growth objective by considering a continuous flow of new projects. The process aims at the successful completion of a planned number of projects within given time periods. A hypothetical application of the model is presented in the form of a Budget Planning Chart.
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