Intro to Theatre Arts
An operating budget is a detailed financial plan that outlines the projected revenues and expenses for a specific period, usually within a year. It serves as a roadmap for managing the day-to-day operations of a production, helping to ensure that resources are allocated efficiently and that the project stays on track financially. This budget is essential in production planning, as it guides decision-making regarding staffing, materials, and other operational costs.
congrats on reading the definition of operating budget. now let's actually learn it.