From the course: Video Budgeting

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Strategizing and revising the budget in Showbiz

Strategizing and revising the budget in Showbiz

From the course: Video Budgeting

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Strategizing and revising the budget in Showbiz

- [Instructor] I've never presented a proposal or a budget that did not have to be revised. A good strategy for revising your budget is to make small cuts from many areas of your budget, rather than making just a few, big cuts. This often allows you to complete the project as planned, but with a few less resources. Revising your budget as we're using automated software like a spreadsheet program, or Showbiz budgeting really makes an impact. Now on your exercise files, Chapter six, we do have the Revision budget ready to go. So this is our original budget from before that we're now going to revise. Using automated software like this you can quickly make changes to your budget and see how each line item is affecting the bottom line. Now, making revisions with a document basic template, you'll have to keep working in the calculator to see how these changes are impacting the final numbers. I mean, it's doable, I've done it for years before I used software like this, but it is much slower…

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