RunPowerShellScript.ps1

I can run a single line in a powershell file and the script works correctly.
C:\folder\script.ps1 -inputFile "\\Server\share\script01.ps1" -outputFile "\\Server\share\file.exe" -elevated -title 'My Application' -version '1.0.0.0'

What I would like to do is to add some variables so that I can make the call more dynamic. Is there a way to do this?
C:\folder\script.ps1 -inputFile $input -outputFile $output -elevated -title $Title -version $version

Yus
Just add:

param(
[string]$inputFile,
[string]$outputFile,
[bool]$elevated = $true,
[string]$title,
[string]$version
)