Project budgeting (optional courses: Audiovisual Project Budgeting or Event Budgeting) Field of study: Creative management in new media
Programme code: W8-S2CM20.2022

Module name: Project budgeting (optional courses: Audiovisual Project Budgeting or Event Budgeting)
Module code: W8-ZN-S2-BPM
Programme code: W8-S2CM20.2022
Semester:
  • summer semester 2024/2025
  • summer semester 2023/2024
  • summer semester 2022/2023
Language of instruction: English
Form of verification: exam
ECTS credits: 3
Description:
Optional subject: • Budgeting for an audiovisual project • Budgeting for an event Description of the subject: Budgeting for an audiovisual project This subject aims to have the skills in costing, for example, planning the costs associated with creative and production activities in the media industry. The issues covered in the module are budget planning, creation, approval, and control. The course will present the basics of creating a cost estimate, standard rates, types of costs, and their calculation. The objective of the module is for the student to acquire knowledge of the cost components of a project or venture, financial discipline, and planning. The student will learn how to develop cash flows, analyze project finances and monitor tasks performed, and the competencies necessary to evaluate cost and revenue ratios and control lower-level management. Description of the subject: Event Budgeting This course aims to possess skills, for example, cost estimating, planning costs of artistic and other events connected with the new media industry. The issues covered in the module are budget planning, creation, approval, and control. The course will present the basics of creating a cost estimate, standard rates, types of costs, and their calculation. The objective of the module is for the student to acquire knowledge of the components of event costs, financial discipline, and planning. The student will learn how to develop cash flow, analyze the financial aspects of an event and monitor the tasks performed, and the competencies necessary to evaluate cost and revenue ratios and control lower-level management.
Prerequisites:
Student should know basics of accountancy and MS Excel. He should know techniques of negotiations and interpersonal communication. He should be aware of potential threatens in the multimedia project.
Key reading:
R. J. Koster: The Budget Book for Film and Television. Focal Press, 2004. P. Battista: Independent Film Producing. Allworth, 2013. J. J. Lee Jr.: Producesr’s Business Handbook. Focal Press, 2018.
Learning outcome of the module Codes of the learning outcomes of the programme to which the learning outcome of the module is related [level of competence: scale 1-5]
Student has basic knowledge of accounting, as well as about the types of costs used in media projects. [BPM_1]
 K_W06 [5/5]
Student is able to plan the costs of a media venture and knows the impact of the budget on the quality of his project. [BPM_2]
 K_W07 [4/5]
Student has the ability to negotiate rates, assume potential underestimation in the budget, professional budgeting of his project. [BPM_3]
 K_U05 [4/5]
Student has the ability to navigate in the sphere of accounting and accounting, as well as work with the planned budget. [BPM_4]
 K_U07 [5/5]
Student acquires awareness of what money is in a media project. He learns to spend money on the basis of a planned cost estimate. [BPM_5]
 K_K06 [3/5]
Student acquires responsibility for his plans, decisions and budget implementation. [BPM_6]
 K_K08 [4/5]
Type Description Codes of the learning outcomes of the module to which assessment is related
Test [BPM_w_1]
Message check in writing or orally involving the verification of the following competencies: ability to plan the cost of the project, the ability to spend and settle costs.
 BPM_1 BPM_2
Continuous evaluation [BPM_w_2]
Half-appraisal for the preparation of the planned budget and final budget for preparing the executive budget, the ratio of savings and non-transferability of the resulting budget to the planned one.
 BPM_3 BPM_4 BPM_5 BPM_6
Form of teaching Student's own work Assessment of the learning outcomes
Type Description (including teaching methods) Number of hours Description Number of hours
lecture [BPM_fs_1]
An interactive lecture, within which elements of discussion, case study, game and creative thinking techniques will be introduced.
 15
Analysis of the literature on the subject, analysis of the lecture content, searching for examples in practice, independent implementation of the indicated material batches, including the subject literature.
 15 Test [BPM_w_1]
practical classes [BPM_fs_2]
Discussion, explanations and explanations, multimedia presentations, activating method or situational and didactic game, task method and analysis of the source material.
 15
Self-realization of material sections indicated in the syllabus and analysis examples chosen by the lecturer, repetition and consolidation of knowledge, and skills acquired during classes.
 15 Continuous evaluation [BPM_w_2]
Attachments
Module description (PDF)
Information concerning module syllabuses might be changed during studies.
Syllabuses (USOSweb)
Semester Module Language of instruction
(no information given)