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Managing a Publishing HousePost Graduate Diploma in

Publishing

Ambedkar University, New Delhi

Lesson 7 – Expense Budgets

What is a budget?

Budget: A quantitative (numerical) representation of an estimated plan, in a defined period.

Three key elements:●Number (value)●Plan period●Assumptions

Budget basics (Numbers)

Rupee value determining the cost of ●A person (salary, bonus, CTC)●Co-related expenses: travel, food ●A service (typesetting, printing)●An expense (book launch, sponsorship)●Work in progress

Budget basics (Plan period)

Time expressed as money payable ●To a person working for a company (full year, part year)●Co-related expenses (monthly, quarterly, yearly) ●A service (monthly, quarterly, yearly)●An expense (monthly, quarterly, yearly)●Work in progress (until project completes)●Allocation (when work is completed OR life of the product)

Steps to creating a budget for acquisitions (assumptions)

Steps to creating a budget for editorial/production (assumptions)

Steps to creating a budget for marketing (assumptions)

Sample budget document

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