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All productions, whether for new media, broadcast
or corporate markets are built and planned around budgets and they
determine how much time, expense and manpower can be invested into
a project. Effective budgeting is essential in order to run any
type of business efficiently and the future of a company and its
reputation can depend on it. Thorough research and financial planning,
together with good project management skills and creative thinking,
can make the difference between the success or failure of your project.
If your budget is calculated incorrectly you
may end up eating into your profits to finish the project, be unable
to complete the commission or production and it may mean losing
your client or your reputation, so it is essential to get it right.
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