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Estimating costs for an end-to-end project
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electrotwelve:
Hi, How would you estimate costs for an end-to-end low-volume production project (approximately 100 in quantity) ? It includes design, prototyping and then eventually manufacturing the batch too. What are the typical industry numbers for the design phase when done in countries such as US, Canada, UK and Europe vs in countries such as China, India, Taiwan, S. Korea etc?
RoadRunner:
Same way you would estimate a how much a house cost.
Siwastaja:
Even for a very rough approximation, we would need to know what kind of product?

Some LED blinker might be some tens of hours to design and get into manufacturing. A precision tool could be 1000s of hours.
olkipukki:

--- Quote from: RoadRunner on November 05, 2020, 10:39:13 am ---Same way you would estimate a how much a house cost.

--- End quote ---

estimated house cost x 2 = actual house cost?  ^-^
Brumby:

--- Quote from: olkipukki on November 05, 2020, 07:00:17 pm ---
--- Quote from: RoadRunner on November 05, 2020, 10:39:13 am ---Same way you would estimate a how much a house cost.

--- End quote ---

actual house anything cost = 2 x estimated house anything cost  ^-^

--- End quote ---
FTFY

I have found this to be so true in a lot of situations.  It has one condition, though - your estimate must include everything you can think of to produce a number that can be defended from all criticism, so that everyone can agree it is valid and accurate.

In reality, it will just be out by that factor of 2.
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