Podcast
Questions and Answers
What are the two primary components that contribute to the feasibility of an event?
What are the two primary components that contribute to the feasibility of an event?
Market feasibility and financial feasibility.
Identify one key reason why bids for hosting events may fail.
Identify one key reason why bids for hosting events may fail.
Inadequate lobbying or uninspiring proposals.
What does a SWOT analysis evaluate in the context of event management?
What does a SWOT analysis evaluate in the context of event management?
It identifies strengths, weaknesses, opportunities, and threats.
What is the purpose of conducting an event feasibility study?
What is the purpose of conducting an event feasibility study?
What does the 'venue and infrastructure plans' component in a bid include?
What does the 'venue and infrastructure plans' component in a bid include?
List two external factors that the PESTLIED model evaluates.
List two external factors that the PESTLIED model evaluates.
What is the primary focus of a vision statement in an event context?
What is the primary focus of a vision statement in an event context?
What kind of support does the Happytown Festival drawing from the council represent in its SWOT analysis?
What kind of support does the Happytown Festival drawing from the council represent in its SWOT analysis?
What is the significance of having a vision statement for an event?
What is the significance of having a vision statement for an event?
Identify two key characteristics that distinguish a mission statement from a vision statement.
Identify two key characteristics that distinguish a mission statement from a vision statement.
What role do value statements play in the context of an event?
What role do value statements play in the context of an event?
How does a purpose statement differ from mission and vision statements?
How does a purpose statement differ from mission and vision statements?
Why is it important for vision statements to be motivational?
Why is it important for vision statements to be motivational?
What is a defining feature of the goals set for an event?
What is a defining feature of the goals set for an event?
Give an example of how the Colorado Dragon Boat Festival aligns with its values.
Give an example of how the Colorado Dragon Boat Festival aligns with its values.
What does a compelling mission statement ensure for its event?
What does a compelling mission statement ensure for its event?
What role does data analysis play in event management?
What role does data analysis play in event management?
What are some specific HR strategies and objectives that event managers should establish?
What are some specific HR strategies and objectives that event managers should establish?
What key elements should be included in a job analysis for staffing an event?
What key elements should be included in a job analysis for staffing an event?
Name three essential tasks involved in attendee management.
Name three essential tasks involved in attendee management.
How do CAD systems aid in event layout and design?
How do CAD systems aid in event layout and design?
What is the importance of HR policies and procedures in an organization?
What is the importance of HR policies and procedures in an organization?
What are the first two steps in the hierarchy of controls for managing workplace hazards?
What are the first two steps in the hierarchy of controls for managing workplace hazards?
What are the primary functions of UTS event apps?
What are the primary functions of UTS event apps?
How can organizations effectively recruit and select candidates for events?
How can organizations effectively recruit and select candidates for events?
How can documentation play a role in demonstrating compliance with safety standards?
How can documentation play a role in demonstrating compliance with safety standards?
What is the main goal of training and professional development in HR?
What is the main goal of training and professional development in HR?
What is the purpose of gamification in events?
What is the purpose of gamification in events?
Describe how equipment sharing platforms benefit event organizers.
Describe how equipment sharing platforms benefit event organizers.
What methods are commonly used for conducting performance evaluations?
What methods are commonly used for conducting performance evaluations?
Why is strategic communication vital during a crisis?
Why is strategic communication vital during a crisis?
What types of rewards can paid and volunteer staff receive at events?
What types of rewards can paid and volunteer staff receive at events?
What crisis management lesson can be learned from the Falls Festival cancellation?
What crisis management lesson can be learned from the Falls Festival cancellation?
What innovative experiences are provided by integrating virtual or augmented reality in events?
What innovative experiences are provided by integrating virtual or augmented reality in events?
What factors should be considered when estimating the number of staff needed for an event?
What factors should be considered when estimating the number of staff needed for an event?
What are key components of the crisis communication process?
What are key components of the crisis communication process?
How do online registration and ticketing software streamline event processes?
How do online registration and ticketing software streamline event processes?
What role does technology play in event management?
What role does technology play in event management?
In what way do hybrid events expand audience reach?
In what way do hybrid events expand audience reach?
What is a critical takeaway regarding risk management in event management?
What is a critical takeaway regarding risk management in event management?
What is the importance of maintaining a cash flow statement in event planning?
What is the importance of maintaining a cash flow statement in event planning?
Identify two key attributes that contribute to effective financial reporting.
Identify two key attributes that contribute to effective financial reporting.
How can organizations reduce the risk of budget blowouts?
How can organizations reduce the risk of budget blowouts?
What should organizations avoid doing when responding to budget blowouts?
What should organizations avoid doing when responding to budget blowouts?
What is the distinction between financial accounting and management accounting?
What is the distinction between financial accounting and management accounting?
What role does risk management play in the budgeting process?
What role does risk management play in the budgeting process?
Why is it vital to monitor and review budgets post-event?
Why is it vital to monitor and review budgets post-event?
What is the difference between revenue and income in the context of financial management?
What is the difference between revenue and income in the context of financial management?
Flashcards
Vision Statement
Vision Statement
A long-term aspiration for the future of an event or organization, outlining a desired future outcome.
Mission Statement
Mission Statement
A statement of the purpose of an event, describing its objectives, beneficiaries, action, and values.
Value Statement
Value Statement
Core beliefs or principles guiding an event's actions.
Purpose Statement
Purpose Statement
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Goals
Goals
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Event Purpose
Event Purpose
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Beneficiaries/Customer Groups
Beneficiaries/Customer Groups
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Event Nature
Event Nature
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Organizing Body's Philosophy/Values
Organizing Body's Philosophy/Values
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Event Hosting Track Record
Event Hosting Track Record
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Venue & Infrastructure Plans
Venue & Infrastructure Plans
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Attendance Forecasts
Attendance Forecasts
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Promotional Strategies
Promotional Strategies
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Financial Feasibility
Financial Feasibility
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Contingency Plans
Contingency Plans
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Bid Failure Reasons
Bid Failure Reasons
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Event Feasibility Study
Event Feasibility Study
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Market Feasibility
Market Feasibility
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Financial Feasibility (Event)
Financial Feasibility (Event)
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Operational Feasibility
Operational Feasibility
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Other Considerations
Other Considerations
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PESTLIED/C-PESTEL
PESTLIED/C-PESTEL
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SWOT Analysis
SWOT Analysis
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Strengths
Strengths
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Weaknesses
Weaknesses
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Opportunities
Opportunities
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Threats
Threats
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Vision Statement
Vision Statement
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Mission Statement
Mission Statement
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Cash Flow Statement
Cash Flow Statement
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Negotiate Deposits
Negotiate Deposits
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Accounts Receivable
Accounts Receivable
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Early Drawdowns
Early Drawdowns
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Underwriting
Underwriting
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Transparency in Reporting
Transparency in Reporting
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Budget Blowouts
Budget Blowouts
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Budget Updates
Budget Updates
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Financial Accounting
Financial Accounting
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Management Accounting
Management Accounting
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Profit & Loss
Profit & Loss
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Balance Sheet
Balance Sheet
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Cash Flow
Cash Flow
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Revenue vs. Income
Revenue vs. Income
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Hierarchy of Controls
Hierarchy of Controls
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Evidence of Compliance
Evidence of Compliance
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Crisis Communication
Crisis Communication
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Crisis Communication Process
Crisis Communication Process
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Technology in Events
Technology in Events
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Hybrid Events
Hybrid Events
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HR Strategies
HR Strategies
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Staffing
Staffing
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HR Policies & Procedures
HR Policies & Procedures
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Recruitment/Selection/Induction
Recruitment/Selection/Induction
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Training & Development
Training & Development
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Supervision & Evaluation
Supervision & Evaluation
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Termination/Outplacement/Re-enlistment
Termination/Outplacement/Re-enlistment
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Evaluation & Modification
Evaluation & Modification
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Work Breakdown Structures (WBS)
Work Breakdown Structures (WBS)
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Event Venue/Scale
Event Venue/Scale
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Outsourcing Levels
Outsourcing Levels
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Recruitment Channels
Recruitment Channels
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Induction Programs
Induction Programs
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Legal Obligations (Events)
Legal Obligations (Events)
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Training Needs Assessments
Training Needs Assessments
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Performance Appraisal
Performance Appraisal
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Staff Rewards
Staff Rewards
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Event Data
Event Data
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Event Registration
Event Registration
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Attendee Management
Attendee Management
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Room/Space Management
Room/Space Management
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Exhibition Management
Exhibition Management
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Quotes/Contract Management
Quotes/Contract Management
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Financial Management
Financial Management
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Marketing & Social Media
Marketing & Social Media
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Online Registration Software
Online Registration Software
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CAD Systems
CAD Systems
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Equipment Sharing
Equipment Sharing
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Venue Booking
Venue Booking
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Delivery Services
Delivery Services
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HR Access
HR Access
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Event Apps
Event Apps
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Gamification in Events
Gamification in Events
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VR/AR Experiences
VR/AR Experiences
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Study Notes
Event Definitions and Importance
- Events are temporary gatherings, offering experiences outside daily norms.
- Special events are non-routine, planned occasions with leisure, cultural, personal, or organizational objectives.
- Events are central to culture, enhancing leisure and entertainment.
- Supported by governments, embraced by businesses, and valued by communities.
- Events are organized by corporate/business entities, professional associations, cultural institutions, NGOs, and special interest groups.
- Key players include event management companies, suppliers, venues, industry associations, and governments.
- Key associations include MEA, ABEA, and ILEA.
Event Typologies
- Categorized by size (local/community, major public, mega-events) and themes (sporting, business, cultural, arts, music).
- Audience categorization by Business-to-Consumer (B2C), or Business-to-Business (B2B).
- Mega-events have over 1 million visitors and $500M capital costs, attracting international tourism and media.
- Hallmark events reflect a location's spirit or ethos (e.g., Oktoberfest).
- Major events have significant national and international impact.
- Minor/local events target local audiences, often supported by local governments.
Event Conceptualization
- Key questions for planning include:
- Why: Purpose, vision, mission, goals, and objectives.
- Who: Target audience (tourists, locals, professionals).
- What: Idea to achieve event goals.
- Where: Suitable venue.
- When: Optimal timing (seasonality, audience).
- WOW Factor: Unique selling proposition.
- Important to understand audience needs, motivations, demographics.
- Stakeholder identification includes directly involved (organizers, participants, sponsors, media, governments) and indirectly involved stakeholders (community members and various government agencies).
- Stakeholder engagement is crucial.
Event Planning Processes
- Stages include: initiation (defining concept and scope); planning; delivery; evaluation (assessing success); legacy management (ensuring positive impact); and shutdown (concluding event).
- Contextual factors to consider include legal/regulatory, political, physical/environmental, social/cultural, technological, and economic factors.
Event Design Elements
- Event scope definition that reflects stakeholder requirements.
- Design elements include theme, atmosphere, emotional flow, duration, and attendee involvement.
Event Initiation: Tenders and Client Briefs
- Types of events (new events, and existing events for refinement).
- Tender definitions (a process for submitting and evaluating offers).
- Client brief documents (detailing event expectations and seeking responses).
- Common requirements for tender submissions (work plan, schedule, cost breakdown, risk assessments, relevant experience, staff skills, appendices,references and examples).
- Examples of event briefs (e.g., The Royal Parks Greenfield commercial events) include information about financial and risk considerations.
Bidding and the Bidding Process
- Key elements for mobile events include criteria, response guidelines.
- Key organizations include event owners, agencies, suppliers.
- Phases include identifying compatible events, securing funds, understanding event criteria; document preparation, site inspections, and presentations.
- Common bid components include event history, venue & infrastructure plans, attendance & promotions, financial feasibility, and contingency plans.
- Reasons for bid failure include lack of research or insufficient proposal.
Event Feasibility Studies
- Purpose (clarity on objectives, stakeholders, and feasibility).
- Key components (market, financial, operational feasibility and the relevant considerations like political, legal, environmental, and social).
- Tools and models (like PESTLIED).
Strategic Planning
- Vision: Long-term aspirations.
- Mission: Defines the event's purpose.
- Purpose statement: Describes the event's reasons for existence.
- Beneficiaries/customer groups of the event..
- Philosophy and values of the organizing body..
Human Resource Management
- Event HR responsibilities focus on staff engagement and meeting objectives (staffing, policies, procedures, recruitment, selection, induction, training, supervision, evaluation, termination/outplacement/retention).
- Various personnel involved (e.g., event manager, volunteers).
- HR considerations for events include pressure on fixed dates, staffing fluctuations, rapid growth/contraction of staffing needs, difficulty attracting paid staff, short timelines, and staff release timelines, and managing volunteer involvement and their motivation.
Budget Blowouts: Reducing Risks/ Process
- Regular budget updates, contingency amounts, considering costs effectively, avoid essential cuts, and transfer costs where applicable.
Cash Flow Management
- Key sources of income (grants, sponsorships, ticket sales, merchandise sales).
- Effective approaches include early registration, discounts, and payment terms adjustments.
Event Monitoring and Evaluation
- Predictive, concurrent and historic controls are needed.
- Evaluation of events should assess economic, social, and environmental outcomes.
- Stakeholder feedback, incident reports, and observation serve as sources for evaluation and improvement.
Risk Management
- Identify, analyze, and treat potential risk.
- Prioritize risks based on likelihood and impact.
- Implement control measures and create a risk management plan.
- Document all processes and outcomes related to risk management.
Crisis Communication
- Importance is to maintain public trust and safety.
- A clear crisis communication plan and effective implementation is vital.
Technology in Events
- Event registration, attendee management, venue management, and other support tools.
- Layout design tools like CAD and other software applications.
- Delivery services/equipment sharing, venue/space booking platforms.
- HR and access platforms (e.g.Get Magic) for management.
- Online event platforms, mobile app tools, and other services.
- Technology enhances efficiency and attendee engagement.
- Data collection/analysis for event outcomes.
Virtual and Augmented Reality
- Innovative event design elements and experiences.
Event Checklists and Scheduling Tools
- Planning checklists to ensure adherence to timelines and completion of tasks.
- Gantt charts to visualize timelines and track tasks.
- Event manuals to provide guidance and operational procedures.
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