CCP CCP Budget and Resource Management 1

Question 1

What is the primary purpose of a production budget in a creative project?

Accepted Answer

To track all anticipated costs and allocate funds across departments

Answer

To list the names of all crew members

Answer

To document the shooting schedule

Answer

To outline the director's creative vision

Question 2

Which budgeting method bases each line item on justified needs rather than prior-year spending?

Accepted Answer

Zero-based budgeting

Answer

Incremental budgeting

Answer

Rolling forecast budgeting

Answer

Top-down budgeting

Question 3

A contingency fund in a production budget is typically set at what percentage of total costs?

Accepted Answer

5–10%

Answer

1–2%

Answer

20–25%

Answer

30–35%

Question 4

What is 'above-the-line' cost in a production budget?

Accepted Answer

Costs for key creative talent such as writers, directors, and actors

Answer

Post-production expenses only

Answer

Equipment rental fees

Answer

Location permit fees

Question 5

When a producer needs to track actual spending against the approved budget in real time, which document is used?

Accepted Answer

Cost report

Answer

Call sheet

Answer

Shot list

Answer

Treatment

Question 6

Resource leveling in project scheduling is used to:

Accepted Answer

Resolve over-allocation by adjusting task timing without changing scope

Answer

Increase the number of shooting days

Answer

Reduce the number of actors needed

Answer

Eliminate post-production phases