What is the budget?

Answer 1

The budgeting process as it relates to film budgets entails a screenplay breakdown whereby a skilled and experienced line producer or unit production manager analyzes the movie script for its various parts: costumes, animals, vehicles, locations, etc. and generates a document called a script breakdown.

Film Scheduling

From the script breakdown the filmmaker generates a strip board which is a collection of "strips" which represent each scene of the film's screenplay. The shooting order for the film greatly affects the budgeting and therefore experience is used to arrange in such a manner that is most efficient for the film budgets required to be created.

Film Budgets

Film budgets are then able to be created with the knowledge and information derived from the work done in preparation of the budgeting for the film. Movie budgets require extensive experience and know how and at this stage the film budget is custom created for a movie account by account and category by category (i.e. line by line) to detail with an understanding of the cost of materials, labor, goods and services all of which are required to work in harmony during the course of the film production itself.

Budgeting

Budgeting for other industry sectors likewise has its own unique characteristics and requires the knowledge of an expert in the specific field whom has experience to bring to the project.

Answer 2

The budget can refer to any group's plan for money (spending and management). Anyone from a household to a small business to the federal government has a budget.