Chapter $12$ explains budgets and budgeting costs for a successful fleet management. The vision of this class is to give a taste of equipment management from a data driven enterprise. The mission is to define the state of practice and enable users to maximize return on capital invested, improve uptime, and achieve operational excellence. We as engineers traditionally learn about the topics we have studied this semester from years of experience and trial and error in the construction field. We as professionals want to run an effective and respected organization.

prepare a summation explaining what you now understand about this subject. Approach this assignment as if you were attempting to mentor a less$-$experienced person hired for your company. Your paper should provide guidance, wisdom, and practical examples so they may understand this subject in overview perspective. Please include graphs, calculations, examples, and anything else that you deem appropriate