Budgeting Video Projects

Course details

Do you need to commission someone to make a video for you or your organization? Join instructor Rich Harrington as he lays out the nuts and bolts of budgets and proposals for video projects. Rich shows you how to determine what capabilities you have and what you will outsource or partner with others. He goes over setting your rates, determining the scope of your project, and creating a budget. At the end of the course, he creates a well-versed budget, proposal, and invoice for the sample project, which can serve as templates for future projects.

Concepts

0. Introduction

01 - Welcome and what you will learn in this course
02 - Using the exercise files

1. Services Offered

03 - Determining your capabilities
04 - Identifying competitive advantages
05 - Outsourcing and partnering

2. Setting Your Rates

06 - Determining rates for services
07 - Exploring material costs and overhead
08 - Using a rate sheet
09 - Remaining competitive

3. Scoping the Project

10 - Exploring the triple constraint
11 - Determining scope

4. Creating a Budget

12 - What does a budget look like
13 - Estimating time
14 - Understanding the work breakdown structure
15 - Using peer and external reviews
16 - Delivering the budget to the client

5. Building a Sample Budget

17 - The sample project
18 - Estimating pre-production
19 - Estimating production
20 - Estimating post-production
21 - Finishing the budget

6. Creating a Quote or Proposal

22 - Getting started
23 - Refining the message
24 - Using fixed-price contracts
25 - Finishing the proposal

7. Payment Terms

26 - Setting payment terms
27 - Exploring time-based methods
28 - Exploring performance-based methods
29 - Setting penalties for late bills

8. Creating an Invoice

30 - Understanding what goes on an invoice
31 - Creating an invoice with Microsoft Word
32 - Creating an invoice with Apple Numbers
33 - Creating an Invoice with online accounting software

9. Billing Strategies

34 - Delivering a bill
35 - Dealing with collections

Conclusion

36 - Final thoughts