Production Budgeting
What is devolved budgeting?
This type of budgeting gives producers the responsibility to manage their own budgets at the point where money is spent.
What are ‘resource costs,’ and why are they often misunderstood?
Resource costs involve the internal use of staff and facilities and are often mistakenly seen as free because no cash changes hands.
Which term means Internal team size based on the lowest demand.
Maintained Capacity
What does "multi-skilling" mean in the media industry?
It refers to training media professionals to perform multiple roles (such as shooting, editing, and reporting) beyond their original job description.
What are cash costs and resource costs?
These two categories make up a production budget: one includes payments to outside contributors, and the other includes in-house resources.
What is the main purpose of cost control in media production?
To monitor, adjust, and manage expenses so that programmes are delivered within the allocated budget.
We plan based on the quietest periods, and only bring in extra help when needed is...?
Setting Resources Level
Name two benefits of multi-skilling in media production.
Possible answers include cost efficiency, increased flexibility, faster turnaround times, and greater creative control.
What is an internal rate-card?
This tool lists the full internal cost of using studios, equipment, or staff including hidden costs like electricity and overheads.
Why is it dangerous for producers to assume that in-house resources are "free"?
Possible answers : hidden costs, overheads, and mismanagement of resources.
Netflix applies which concept?
Out-sourcing
How has multi-skilling changed the structure and workflow of modern media organizations?
It has led to smaller, more flexible teams, reduced reliance on specialists, and streamlined production processes but sometimes at the cost of job clarity or depth of expertise.