FIXED BUDGET -- ANALYSIS
In this paper, we'll examine a fixed budget as well as the four principals of design. All of this is in conjunction with a proposal paper and presentation. When it comes to budget preparation, there are a variety of tools available to the financial planner or accountant. When it comes to budgets, the planner can use an itemized budget, non-itemized budget, a fixed budget or a flexible budget. A fixed budget is sometimes used by companies that might have low variable costs (Investorwords, 2008). A fixed budget, by definition is one that is made without taking into account potential variations in the market or business activities (Investorwords, 2008). A fixed budget is pretty stringent – there is no room for error or flexibility in such a budget. Not many companies use this, and those that do rely on it are pretty certain that their business isn't going to have many variations. How would we present a fixed budget in a proposal setting? Let's first examine the four principles of design. These go under the acronym of C.R.A.P. – in other words, contrast, repetition, alignment and contrast (Scollay, 2004). Contrast is what adds visual interest to a document – it's typically used by varying type, textures and elements such as lines, boxes or graphics that might differ from one another (Scollay, 2004). Many designers use different types and colors in the same document to ensure that the eye is drawn into the document, then drawn toward the information that needs to be seen. Contrast, in a