Calculate production costs

Calculate the costs for every production stage and department.

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sum production costs
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calculate production cost

skill/competence

cross-sector

Calculate production costs is an essential skill of the following occupations:

Product development manager: Product development managers coordinate the development of new products from beginning to end. They receive briefings and start envisioning the new product considering design, technical and cost criteria. They conduct research on market needs and create prototypes of new products for untapped market opportunities. Product development managers also improve and boost technological quality.

Calculate production costs is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Video and motion picture producer: Video and motion picture producers supervise the entire production of a movie or television programme. They select the scripts that will be turned into motion pictures or series. Video and motion picture producers find the financial means to make a movie or television series. They have the final decision on the whole project, from development and editing to distribution. During large-scale productions, video and motion picture producers can be part of a team of producers and may be responsible for some of these tasks.
Producer: Producers are responsible for managing the production of music, motion pictures or series. They plan and coordinate all aspects of the production such as the direction, publication and financing. Producers oversee the production and manage all technical and logistic aspects of recording and editing.
Post-production supervisor: Post-production supervisors oversee the whole post-production process. They work together with the music editor and video and motion picture editor. Post production supervisors help plan the production workflow to make sure the post production phase is included and budgeted for. They ensure that the final product is delivered and distributed.
Assistant video and motion picture director: Assistant video and motion picture directors are responsible for the organisation, scheduling and planning of the cast, crew and activities on a set. They assist the video and motion picture directors, maintain budgets and ensure that all production activities go according to schedule.
Broadcasting programme director: Broadcasting programme directors make the programme schedule. They decide how much broadcast time a programme gets and when it is aired, based on a few factors like, ratings, viewer demographics, etc.
Cost analyst: Cost analysts prepare regular costs, budgeting analyses and reports in order to contribute to the overall cost planning and forecasting activities of a business. They review and reconcile key balance sheets and identify new opportunities to save costs.
Accountant:
Accountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide their clients with financial advice in matters such as financial forecasting and risk analysis. They may audit financial data, resolve insolvency cases, prepare tax returns and provide other tax-related advice in reference to current legislation.

References

1. Calculate production costs – ESCO