Roger Moon Has Just Purchased the Film Studio of a Movie

question 149

Essay

Roger Moon has just purchased the film studio of a movie company that specialises in comedies.He found that the company did not try to estimate the cost of making a movie.Instead,it just gave the producer a budget and told him/her to make a movie within budget.Mr Moon does not like this budget concept and desires to establish a formal cost estimation system.
Required:
What are some of the potential problems that may be encountered in changing from a budget to a cost estimation movie-making system?
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Definitions:

Recording

The act of capturing data, sounds, images, or performances for later retrieval and analysis.

One's Own Behaviors

The actions or reactions of an individual in response to external or internal stimuli.

Observations

The act of monitoring or recording systematically the behavior, activities, or other changing information, usually to analyze it later.

Occasions

Specific times or events that are notable or serve a particular purpose.