CCP CCP Budget and Resource Management 2

Question 1

What does 'below-the-line' budget typically cover in a production?

Accepted Answer

Crew salaries, equipment, and technical production costs

Answer

Below-the-line costs encompass the technical and logistical expenses of production, including crew wages, equipment rentals, and set construction.

Question 2

A purchase order (PO) system in production primarily serves to:

Accepted Answer

Authorize and track vendor spending before invoices arrive

Answer

A purchase order system authorizes specific vendor expenditures in advance, creating a paper trail that helps producers control spending.

Question 3

Which of the following best describes a 'deal memo' in creative production?

Accepted Answer

A brief contract outlining compensation and terms for a crew member or vendor

Answer

A deal memo is a short-form agreement that captures the key terms of engagement for crew, talent, or vendors before formal contracts are issued.

Question 4

In production resource management, what is a 'day-out-of-days' (DOOD) report?

Accepted Answer

A schedule showing each cast member's working days across the production

Answer

A day-out-of-days report maps each actor's or key crew member's scheduled workdays, helping producers manage contracts and holdout payments.

Question 5

What is the purpose of a 'budget actuals' reconciliation at the end of production?

Accepted Answer

To compare final expenditures against the approved budget and identify variances

Answer

Budget actuals reconciliation compares every expense to the original budget, documenting variances and informing future project estimates.

CCP - Certified Creative Producer Practice Test