Download - Event mnagement
15 September 2012
Event manageme
ntbudget
uncertaintiesinsurance
against risksH. Kaneez Fatima
15 September 2012
Event managementWhat is an event?:• conference, symposium• hands-on training• marketing exhibition• sports competition• many others ...
Rudyard Kipling's poem:I Keep Six Honest Serving Men:
"I keep six honest serving-men(They taught me all I knew);Their names are
What and Why and When And How and Where and Who"
15 September 2012
Budget: conference venue• Day rate per person all-in
• Hire venue at fixed costs, and either pay lower day-rate to cover refreshments
• perhaps with teas/coffees required leave delegates to find own
refreshments
• Access arrangements disabled persons exhibition materials
15 September 2012
Budget: conference speakers• speakers pay full registration fee
include their accommodation? include travel and subsistence costs?
• generates goodwill and eases speakers load
• speakers pay (reduced) registration fee• speakers attend free
the latter two require higher registration fees from non-speaking delegates
15 September 2012
Conference: delegates•Poster papers
often used to gain additional delegates
•Access for disabled persons•Special dietary requirements
vegetarian, vegan, halal, etc
15 September 2012
Budget: marketing and media• advertising
TV, radio, journals, magazines specialised mailing lists e-discussion lists SMS/MMS telecommunications
• media flyers, brochures etc
• design costs• printing costs• mailing costs
15 September 2012
Budget: other costs• administration• personnel on-the-day• travel (to view venue in advance)• audio-visual aids and technician
... and other income• sponsorship• “flyers” in the delegate pack15 September 2012
Budgets• “Annual income twenty pounds,
annual expenditure nineteen pounds nineteen shillings and sixpence,[£19.97½p] result happiness.
Annual income twenty pounds,annual expenditure twenty pounds and sixpence, [£20.2½p] result misery”.
15 September 2012
Continue or cancel?
• cancellation may incur: lost deposits on venues refunds of any prepayments speakers spending in anticipation of
event “all that effort for nothing”
• continuation may result in: negative budget “loss leader” informing future events loss of reputation,
if delegate expectations not realised15 September 2012
Other types of events• Broadly the same considerations• outdoors may also need
formal permission to use public space fenced area accessible only to ticket
holders security to ensure no freeloaders public address systems first-aid provision independent caterers
15 September 2012
