CCP Budget and Resource Management Flashcards

What does 'below-the-line' budget typically cover in a production?

Answer: Crew salaries, equipment, and technical production costs

Below-the-line costs encompass the technical and logistical expenses of production, including crew wages, equipment rentals, and set construction.

A purchase order (PO) system in production primarily serves to:

Answer: Authorize and track vendor spending before invoices arrive

A purchase order system authorizes specific vendor expenditures in advance, creating a paper trail that helps producers control spending.

Which of the following best describes a 'deal memo' in creative production?

Answer: A brief contract outlining compensation and terms for a crew member or vendor

A deal memo is a short-form agreement that captures the key terms of engagement for crew, talent, or vendors before formal contracts are issued.

In production resource management, what is a 'day-out-of-days' (DOOD) report?

Answer: A schedule showing each cast member's working days across the production

A day-out-of-days report maps each actor's or key crew member's scheduled workdays, helping producers manage contracts and holdout payments.

What is the purpose of a 'budget actuals' reconciliation at the end of production?

Answer: To compare final expenditures against the approved budget and identify variances

Budget actuals reconciliation compares every expense to the original budget, documenting variances and informing future project estimates.

When managing freelance creative resources, which practice best prevents scope creep from inflating costs?

Answer: Defining deliverables, revision rounds, and fees explicitly in the contract

Clearly defined deliverables, revision limits, and fees in the contract prevent unauthorized work expansions that inflate project costs.