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Article: Production Budgets, Simplified.(Brief Article)
- Article from:
- Folio: the Magazine for Magazine Management
- Article date:
- January 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Copyright by Media Central Inc., A PRIMEDIA Company. All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Three steps to a dynamic budgeting process that enables the production director to cut costs, monitor expenses and plan for the next fiscal year.
Uncertainty and even fear are often associated with the generation of the production budget. Even production directors who have little to no input in handling the magazine's money can stress over this process because someone will always be held accountable for how the budget turns out, and--directly or indirectly--production heads are the ones blamed or praised.
However, budgeting can be much more than a financial exercise for production; it is an opportunity for a comprehensive review of the department's ...