Event Budgeting: Module 7

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Activities include planning, forecasting, and allocating resources.

The three types of budgets are operating budgets, capital budgets, and cash flow budgets.

Forms of cost controls include budgeting, variance analysis, and cost-benefit analysis.

A plan expressed in monetary terms covering a specific period.

Activities include defining objectives, setting premises, and identifying activities and resources.

Operating, cash, and capital budgets are the three types of budgets.

Budgets can be used to control event costs.

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Formulas like SUM, AVERAGE, and IF can be used to create an event budget in Excel.

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Module 7 content is about budgeting.
The learning objectives include explaining activities in each stage of the budgeting process and describing the three types of budgets.
The module also looks at forms of cost controls and utilizing Excel formulas for creating an event budget.
Activities include reading chapter 5 which covers event budgeting, working on the budgeting assignment, watching Module 7 lectures and participating in Discussion 6.
Formulas Examples Excel file for work with lecture 7.3 and 7.4 is available.
The requirements for Discussion 6 are due by 11:59pm on 3/9.
The group project SWOT Analysis needs to be submitted to ICON by 11:59pm on 3/9.
Week 7 Discussion 6 is about sharing of current event assignment.