Book contents
- Frontmatter
- Contents
- Preface
- Diagrams and tables
- Abbreviations
- Part A Opiate of the people: the television industry
- Part B Massage parlour: development and funding of a project
- Part C Riding the tiger: management of the production
- Chapter 12 Commencement of pre-production
- Chapter 13 Documentation and office systems
- Chapter 14 Crew, equipment and facilities
- Chapter 15 Casting, rehearsal and performance
- Chapter 16 Locations
- Chapter 17 Travel arrangements
- Chapter 18 Drafting the production budget
- Chapter 19 Scheduling the shoot
- Chapter 20 Preparing studio and outside broadcast productions
- Chapter 21 Management of the shoot
- Chapter 22 Management of the production budget
- Chapter 23 Post-production through to delivery
- Part D A nod to the gatekeepers: the environment of television
- Index
- References
Chapter 22 - Management of the production budget
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Preface
- Diagrams and tables
- Abbreviations
- Part A Opiate of the people: the television industry
- Part B Massage parlour: development and funding of a project
- Part C Riding the tiger: management of the production
- Chapter 12 Commencement of pre-production
- Chapter 13 Documentation and office systems
- Chapter 14 Crew, equipment and facilities
- Chapter 15 Casting, rehearsal and performance
- Chapter 16 Locations
- Chapter 17 Travel arrangements
- Chapter 18 Drafting the production budget
- Chapter 19 Scheduling the shoot
- Chapter 20 Preparing studio and outside broadcast productions
- Chapter 21 Management of the shoot
- Chapter 22 Management of the production budget
- Chapter 23 Post-production through to delivery
- Part D A nod to the gatekeepers: the environment of television
- Index
- References
Summary
Chapter 18 described the preparation of the production budget, beginning in the development phase (see Chapter 6). When funding is fully secured, a final production budget is arrived at by adjusting the then-current version so its total does not exceed the funds available. The final budget is the blueprint for expenditure on the production, a process whose description began in Chapter 5 and will continue through to Chapter 23.
The final budget anticipates a cost for every expense category in the production, but for a variety of reasons not every category will see expenditure exactly as predicted in the budget. Some categories will end up costing less than was budgeted (e.g. a discount may have become available) and that's not a problem, but some will cost more. If the additional cost over budget (called an overage) is ignored, it could create a total production cost in excess of the production's budget. If the production does not have the funding to cover this project overage, and that is likely to be the case, an invoice that comes late in the production will be unable to be paid. The budget is managed within its bottom line (the total budget figure) by identifying offsets where costs can be managed down so that the production can stay on target to come in within budget. To do this, the offsets must be timely.
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- Information
- The Business of TV Production , pp. 331 - 343Publisher: Cambridge University PressPrint publication year: 2007