ABSTRACT
The budget defines the parameters of what can and cannot be accomplished. It contains a complete and detailed breakdown of what it will cost to finish the entire project. A high-budget picture burdened with expensive sets, many special effects, and high fees might have to be shot quickly for a large amount per day. Conversely, a low-budget show with few production needs might shoot over a longer period. When budgeting, err on the side of too much because it is better to come in under the budget than over the budget. The script and the budget are the two cornerstones of the production: the script is the creative bible, and the budget is the financial bible. They are inextricably tied to one another: script decisions become budget decisions. The producer or production manager is responsible for drafting the budget. The standardized budget form simplifies working up a budget and demystifies the process somewhat by outlining all potential expenses.
