The medallion itself is the plastic lid from a cocoa tin (I happened to have two that matched, exactly the right size - 3.5"). Push pins and beads hold it in place.
The award itself is the easiest part. Web image downloaded, sized correctly and laser printed.
Here's the tricky part. The medallion attaches to the base with a kind of dome shape. I went looking for something round, made of wood, I could cut in half. Curtain finials do the trick.
A notch is cut (carefully) with a skill saw, then the top half cut off with a jig saw.
The base is 2"X4" pine. Rough assembly.
Director (and Award Replica Ninja), The Sussman Variations