CCP Budget and Resource Management Flashcards
6 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CCP Budget and Resource Management flashcards as text
What is the primary purpose of a production budget in a creative project?
Answer: To track all anticipated costs and allocate funds across departments
A production budget identifies and allocates all anticipated costs across departments to ensure the project is financially viable.
Which budgeting method bases each line item on justified needs rather than prior-year spending?
Answer: Zero-based budgeting
Zero-based budgeting requires every expense to be justified from scratch rather than carrying forward previous allocations.
A contingency fund in a production budget is typically set at what percentage of total costs?
Answer: 5–10%
Industry standard contingency funds are typically 5–10% of the total budget to cover unforeseen expenses.
What is 'above-the-line' cost in a production budget?
Answer: Costs for key creative talent such as writers, directors, and actors
Above-the-line costs refer to expenses for principal creative talent including writers, directors, producers, and leading cast.
When a producer needs to track actual spending against the approved budget in real time, which document is used?
Answer: Cost report
A cost report compares actual expenditures to budgeted amounts, allowing producers to monitor financial health throughout production.
Resource leveling in project scheduling is used to:
Answer: Resolve over-allocation by adjusting task timing without changing scope
Resource leveling adjusts the project schedule to address over-allocated resources without changing the overall project scope.