Production Budget Management
About This Course
This course will cover the overall production processes and schedules, and the typical value of all budget elements, including capital expenditures, cost of Intellectual Property (IP), technology, and other factors. Participants will learn about the key components of profit and loss accounts and balance sheets. Participants will be trained to plan and control the budget of a production based on the relevant accounting principles. The trainer will also touch on the typical areas of delays, overruns and production risks, forecasting models for cost and revenue streams, and budget management and tracking mechanisms.
What You'll Learn
- Review the production schedule and sequence of activities in terms of their cost implications and expenses for each item
- Determine the impact of various production styles and methods on budgets, schedule, cast and crew requirements
- Outline the project details, which may include locations, cast and crew, creative and production teams, and additional costs
- Identify reasons for budgetary overruns and escalate issues to key departments in a coordinated and timely manner
- Propose options for managing future overruns
Entry Requirements
- Minimum Age: 18
- Academic Requirement: Obtain Pass Grade in GCE N-Level subjects including English (or IELTS overall band score 5 and above or equivalent) and 2 other subjects or equivalent
- Applicants who do not meet the minimum requirements may still apply and will be considered based on: At least 1 year working experience in any industry; and/or Oral interview or evaluation test by Singapore Media Academy to determine suitability for the course
- Applicants may be called for interview at the discretion of Singapore Media Academy.