Video Production Budgeting: Speed vs. Cost vs. Quality

Matthew Watts

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Feb 13, 2017
Behind the scene|The Project Management Triangle for Video Production|The Project Management Triangle for Video Production
Table of contents

A fixed deadline and a limited budget can make video production decisions difficult. Start by listing what the video needs to do and what must be delivered. Then work with the producer to decide which parts of the video production scope can change: locations, participants, animation, versions or the amount of filming.

Use the production triangle to discuss how speed, quality and cost affect this brief. Set the quality requirements, including clear sound, suitable visuals and an accurate message. Use those requirements to shape the process, then compare options for the scope and deadline.

When Time and Budget Are Tight

Reduce the work to a scope the team can deliver well. You might use existing approved footage, a familiar location or a simpler graphic treatment instead of a new shoot or custom animation. Templates can be useful when they fit the brand and the message; company size alone does not decide whether they are appropriate. Check the rights and quality of any reused material, and ask to see how it will work in your video. Agree on what you are leaving out, as well as what remains.

When the Deadline and Creative Requirements Are Fixed

Ask the producer which tasks can happen in parallel and which depend on an earlier approval. A video production may need a producer, director, writer, camera crew, sound crew, editor or animator, but there is no universal crew size that makes it high quality. The roles and schedule depend on the work. For a fast production, confirm whether crew availability, equipment, locations or specialist post-production create additional costs. A shorter deadline may require extra resources; it may also require a smaller scope if people or assets are unavailable. Ask for the proposed schedule and any rush or overtime costs in the estimate. Do not assume that a larger budget can remove every dependency.

When Budget and Creative Requirements Are Fixed

A flexible schedule gives a video production company more options for booking people and organizing the work. It does not mean the team works for free between other jobs, or that waiting longer automatically lowers the price. Ask which choices would change the estimate: combining filming at one location, reducing versions or allowing more time to secure a participant. Confirm a schedule the team can commit to, including feedback and approvals.

When comparing quotes for a video for your business, compare the same deliverables. Check filming days, edit versions, revision rounds, rights, travel and any exclusions. If somebody offers a large amount of work very quickly for little money, ask how they intend to deliver it and what assumptions their price depends on.

Before approving an estimate, name the decision-maker and agree on when feedback is due. Late changes to an approved script or missing client assets can affect both the schedule and the cost.

At Viva Media, we can discuss the brief with you and identify the production decisions that need to be made. Bring your deadline, budget range and examples of the work you have in mind. If you have questions or need a sense of what a budget might cover, reach out and we’ll be happy to help :)