Professional Studies for Screen-Based Media
Foundation Degree South West
 

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  Introduction
  What is a brief?
  Timescales
  Success of a Project
  The Team
  Formats & Requirements
> Determining a Budget
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  Examples
  Exercises
   
 
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Working to a Brief

Determining a Budget


A budget can be determined in a number of ways.

  • The broadcaster or client may have a certain amount of money to spend
  • The producer may not be able to complete the required project within a set budget
  • The timescale of the project will affect the costing
  • The number of crew or team members that are required
  • The use of archive or source material
  • The use of music
  • Copyright, clearance and licence issues

The more media you use the more the production costs will increase and this is becoming more and more common with the demand for interactivity.

Technology is developing at an extremely fast pace and this can mean varying costs. If a client requires audio, video and animation in a website they must realise the cost implications of this as it will have a knock on effect in terms of production time and resources.

Streaming is a good way of generating revenue but it is still very expensive and broadcasters are looking into cheaper ways of doing this. All projects need to make a profit and it is vital to ensure that the right medium is chosen for the right content.

Basically if we have an opportunity and somebody's saying we want this show, we'll try and deliver it for the budget they give and we'll try and negotiate and try and make it happen. David Flynn

Within each medium there are a large number of factors which can affect the budget and it is essential to produce the best you can on a project within the constraints. Constraints don't necessarily stifle the creativity of the team, they shape how it is able to contribute.

A common mistake by clients is to compare ease of success with ease of production and a lot of clients have no real idea of what a project is going to cost. Some expect projects to be completed very quickly for very little.

Some clients cannot see that elements such as research or the design process will take time and will form a large percentage of the budget, so it is essential that the client is briefed on what will be involved.

 
What are the main elements to consider when determining a budget?
David Flynn,
Development Producer, Endemol
Tim Clark,
Graphic Designer, GMTV
Dominique Lee,
Senior Producer, Worth Media
Karen Fewell,
Account Manager, InDzine
Michael Ellot,
Art Editor, Bang Magazine
Grant Campbell,
Creative Director, Campbell James
 

It is usual for a rough budget breakdown to be prepared for the client so they can see where their money is being spent. It is common for budgets to be broken down into stages, particularly in multimedia, and payments may be made at various agreed phases of production.

The more experienced producers become, the more intuitive they are about whether a project is realistically achievable within a given budget. If the company feels it is not possible to produce a piece of work to the client's specifications then it is probable that the production company or designer will walk away. There is no point compromising their reputation by carrying out shallow or incomplete work due to lack of budget. Negotiation can play a big part in assessing budgets. If there is a good relationship between the client and producer and a degree of flexibility, a compromise can often be reached.