Pre-Production Major Project: Budget Research

When you say budget it means give an estimate on how much you will be spending, well thats what i thought I would have to do for this part of being a producer but in my research I learnt that I would have to over budget items and account for every little thing I needed which I can't think of now, so instead of saying I have this amount of money and then spending it when it needs I have been looking at film and Television budgets. 

A definition of a budget is that it calculates the number of items and people that the production would need, derived from a combination of the items brought from props etc and the cast and crew, this is also called in inventory and is also used to calculate under or over spending.  This is an example of a Tv Budget after the show has finished and the over spend they had not budgeted for. 

Because we are spending our own money into this Pilot we don't want to go over budget if we can help it as that means I would have to explain where all the money has gone and ask for more, plus if I had only budgeted say £600 and my estimate was under then I didn't stick to it plus unlike this image we are not paying anyone, we are paying travel and crews food so we shouldn't go over on wages.

Television has always had the most money chucked at it for series, Lost estimated at $4 million per episode and game of Thrones $6 million but sometimes fantasy shows don't always succeed with the high budgets and low budget series like Doctor Who are just as big a success with lower than a tenth of the budget at $2 thousand, which means we can do the same.

Working out at budget isn't as easy as it looks as you have to think of every little item (like for us the tea and coffee dispensers for the football pitch scene) but when looking into budgets they mostly cover peoples wages, after searching the internet I found that a to be classed as a low budget the max amount of money is 250 thousand for a film but for reality Tv shows they start at 100 thousand and these are classed as low budget series.