MAJOR PROJECT: Budget Predictions

An important component of the project is the budget. As we are working as part of a team, it is the Producer's job to organise the budget and how it will be distributed among expenses. To work out how much we would each have to put into the budget, I drew up the predicted expenses on Microsoft Excel. I found using Excel really simple and efficient for organising the budget as it adds the totals for each column automatically as well as the final total so I don't have to try and work it out every time I add something new to the spreadsheet. I also felt that the choice to use this software for the budget would be suitable because I have had lots of experience using it before.

To do this I created several headings including general expenses, cast and crew, props and costumes. By dividing the expenses into separate departments, it made it easier to organise so I could focus on certain expenses. Some of the expenses have 0 next to them which means that a member of the team already has this and therefore it will not cost anything.

Predicted Budget

At the moment the predicted budget is £631. We want to aim for this figure or just below between £500-600 if we can. However, this will all depend on the casting choices and whether or not we have to pay for accommodation. I am almost certain that the location won't cost us anything as we plan to use the office that Ellen's parents work at, who have given us permission to use it out of office hours at our leisure. However, if circumstances change, this will need to be reconsidered in terms of the budget. I shall be updating the spreadsheet throughout production so that I can keep track of how much we are spending and will know if we are beginning to exceed it. However, I am confident that I will be able to keep to it as best I can.