Reality Show. In this unit, you have been asked to help a TV production company create a new exciting reality TV show! You are learning to: Understand what the SYSTEMS LIFECYCLE is, and how it is used. Create a financial model for the show. Understand how companies use data to help them with advertising and marketing. Understand how computers can be used to control tasks. Create a flowchart to show how a computer does a task. Use software to create promotional material. Review and evaluate the project effectively, referring to the Systems Lifecycle.

Reality Show – Task 2 You should have identified the problem and analysed what steps you need to take to tackle the project. Now it's time to think about the money! By the end of this task you will be able to: Identify the costs involved in setting up and running a reality TV show Recognise and use appropriate software to model these costs

Reality Show – Task 2 Identify potential costs TV shows cost a lot of money to make! What do you think the costs involved in a reality TV show might include. Open a word document and make a list of these items. Tip: You should use the mind map you created in the previous task to help you see what is going to cost you money.

Reality Show – Task 2 Choose appropriate software. When we create a financial model for a project, there are some things we know and some things we don't. We usually know how much money we have to spend (we call this the budget). We don't always know what the exact costs are going to be, or exactly how much revenue we will make. We therefore need to create a model that is flexible, so we can change variables as a project progresses. What would be the best software package to use to create a financial model?

Reality Show – Task 2 Why use a spreadsheet? It is very important that you understand why spreadsheets are good for creating financial models: They can perform large calculations quickly. They are flexible (it is easy to change variables and rules) Information can be shared. We can ask the model questions about our business and be given answers straightaway.

Reality Show – Task 2 Draft a model It is time for you to create a draft model. A draft is a rough sketch, or an incomplete model that can be expanded and made more accurate later. Open a new spreadsheet and save it with the filename PRODUCTION COSTS. Read the producer's and use this to help you draft your model.

Reality Show – Task 2 Extract basic information from a model The producer's has helped you to create a basic draft of your model. You should now be able to tell him the following two things: 1) Is the budget big enough to cover the total cost? 2) Will the show make a profit? (Remember, if it has a minus sign in front of it, that is a loss!)

Reality Show – Task 2 Identify extra costs There are always hidden costs in a project. Even toilet roll costs money! Are there any costs for your reality TV show that the producer hasn't considered in his ? Some things to think about: 1.Contestants need to eat and drink 2.Are the contestants going to have competitions? Do you need any props? 3.Where is the show set? Do you need to think about travel expenses? 4.Complete the identifying at least three additional costs.