Event Management Fundamentals

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Questions and Answers

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.

Inadequate lobbying or uninspiring proposals.

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?

<p>It provides clarity on objectives, stakeholders, and feasibility.</p> Signup and view all the answers

What does the 'venue and infrastructure plans' component in a bid include?

<p>It includes details about the location, facilities, and resources needed for the event.</p> Signup and view all the answers

List two external factors that the PESTLIED model evaluates.

<p>Political and technological factors.</p> Signup and view all the answers

What is the primary focus of a vision statement in an event context?

<p>A vision statement primarily describes a desired future outcome and provides long-term focus.</p> Signup and view all the answers

What kind of support does the Happytown Festival drawing from the council represent in its SWOT analysis?

<p>It represents a strength.</p> Signup and view all the answers

What is the significance of having a vision statement for an event?

<p>It represents what the event aspires to be in the long term.</p> Signup and view all the answers

Identify two key characteristics that distinguish a mission statement from a vision statement.

<p>A mission statement clearly states the event's purpose and identifies beneficiaries.</p> Signup and view all the answers

What role do value statements play in the context of an event?

<p>Value statements communicate the core beliefs of the event and guide decision-making processes.</p> Signup and view all the answers

How does a purpose statement differ from mission and vision statements?

<p>A purpose statement is used for straightforward events with fewer stakeholders and focuses on clear objectives.</p> Signup and view all the answers

Why is it important for vision statements to be motivational?

<p>Motivational vision statements inspire stakeholders and create a shared sense of purpose.</p> Signup and view all the answers

What is a defining feature of the goals set for an event?

<p>Goals provide direction for event engagement and expand on the mission statement.</p> Signup and view all the answers

Give an example of how the Colorado Dragon Boat Festival aligns with its values.

<p>The festival seeks to celebrate Asian Pacific American communities, demonstrating its commitment to inclusion.</p> Signup and view all the answers

What does a compelling mission statement ensure for its event?

<p>A compelling mission statement ensures that the event's purpose is clearly articulated and relatable.</p> Signup and view all the answers

What role does data analysis play in event management?

<p>Data analysis is crucial for identifying trends and improving event outcomes through informed decision-making.</p> Signup and view all the answers

What are some specific HR strategies and objectives that event managers should establish?

<p>Event managers should establish objectives such as growth, cost containment, improved quality, and enhanced performance.</p> Signup and view all the answers

What key elements should be included in a job analysis for staffing an event?

<p>A job analysis should identify tasks and estimate the number of people required for those tasks.</p> Signup and view all the answers

Name three essential tasks involved in attendee management.

<p>Attendee management includes travel management, accommodation coordination, and survey administration.</p> Signup and view all the answers

How do CAD systems aid in event layout and design?

<p>CAD systems assist by visualizing venue layouts through 3D modeling and facilitating effective seating arrangements.</p> Signup and view all the answers

What is the importance of HR policies and procedures in an organization?

<p>HR policies and procedures create guidelines for managers and staff to ensure fair treatment and effective decision-making.</p> Signup and view all the answers

What are the first two steps in the hierarchy of controls for managing workplace hazards?

<p>Elimination and substitution.</p> Signup and view all the answers

What are the primary functions of UTS event apps?

<p>UTS event apps provide program details for attendees and facilitate two-way interactions, enhancing engagement.</p> Signup and view all the answers

How can organizations effectively recruit and select candidates for events?

<p>Organizations can attract candidates through various channels and follow a systematic selection process.</p> Signup and view all the answers

How can documentation play a role in demonstrating compliance with safety standards?

<p>By collecting agreements, conducting risk assessments, and maintaining training records.</p> Signup and view all the answers

What is the main goal of training and professional development in HR?

<p>The main goal is to assess training needs and provide opportunities for skill development and future responsibilities.</p> Signup and view all the answers

What is the purpose of gamification in events?

<p>Gamification engages attendees through games that encourage participation, fostering networking and deeper learning.</p> Signup and view all the answers

Describe how equipment sharing platforms benefit event organizers.

<p>Equipment sharing platforms enable organizers to share resources across events, optimizing costs and access.</p> Signup and view all the answers

What methods are commonly used for conducting performance evaluations?

<p>Common methods include self-appraisal and manager appraisal.</p> Signup and view all the answers

Why is strategic communication vital during a crisis?

<p>It prevents panic and maintains public trust through timely and clear messages.</p> Signup and view all the answers

What types of rewards can paid and volunteer staff receive at events?

<p>Paid staff may receive salaries and bonuses, while volunteers may receive free admission, food, and public recognition.</p> Signup and view all the answers

What crisis management lesson can be learned from the Falls Festival cancellation?

<p>The importance of proactive communication regarding safety risks.</p> Signup and view all the answers

What innovative experiences are provided by integrating virtual or augmented reality in events?

<p>Innovative experiences such as holograms or immersive environments enhance engagement and create memorable interactions.</p> Signup and view all the answers

What factors should be considered when estimating the number of staff needed for an event?

<p>Factors include the Work Breakdown Structure, number of venues, scale of the event, and required skills.</p> Signup and view all the answers

What are key components of the crisis communication process?

<p>Identify key audiences, determine communication platforms, and devise content plans.</p> Signup and view all the answers

How do online registration and ticketing software streamline event processes?

<p>They automate attendee registration, maintain lists, collect payments, and generate reports, making management easier.</p> Signup and view all the answers

What role does technology play in event management?

<p>It facilitates tasks and enhances attendee experience during event planning and delivery.</p> Signup and view all the answers

In what way do hybrid events expand audience reach?

<p>By combining in-person and virtual experiences.</p> Signup and view all the answers

What is a critical takeaway regarding risk management in event management?

<p>It requires systematic approaches and adherence to standards.</p> Signup and view all the answers

What is the importance of maintaining a cash flow statement in event planning?

<p>It helps track monthly income and expenditure, ensuring proper financial management.</p> Signup and view all the answers

Identify two key attributes that contribute to effective financial reporting.

<p>Sincerity and clarity are two key attributes of effective financial reporting.</p> Signup and view all the answers

How can organizations reduce the risk of budget blowouts?

<p>Organizations can regularly update their budget and lock suppliers into contracts.</p> Signup and view all the answers

What should organizations avoid doing when responding to budget blowouts?

<p>They should avoid cutting core event elements.</p> Signup and view all the answers

What is the distinction between financial accounting and management accounting?

<p>Financial accounting focuses on external reporting, while management accounting is for internal management.</p> Signup and view all the answers

What role does risk management play in the budgeting process?

<p>Risk management is essential for financial planning to anticipate and mitigate potential financial issues.</p> Signup and view all the answers

Why is it vital to monitor and review budgets post-event?

<p>Monitoring and reviewing budgets post-event is crucial for evaluating financial performance.</p> Signup and view all the answers

What is the difference between revenue and income in the context of financial management?

<p>Revenue refers to the total earnings, while income is the profit remaining after expenses are deducted.</p> Signup and view all the answers

Flashcards

Vision Statement

A long-term aspiration for the future of an event or organization, outlining a desired future outcome.

Mission Statement

A statement of the purpose of an event, describing its objectives, beneficiaries, action, and values.

Value Statement

Core beliefs or principles guiding an event's actions.

Purpose Statement

A straightforward statement of the reason for a non-complex event, often with limited stakeholders.

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Goals

Specific steps or targets to achieve the event's mission.

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Event Purpose

The overall reason for the event's existence.

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Beneficiaries/Customer Groups

The target audience or people who will benefit from the event.

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Event Nature

A description of the characteristics of the event.

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Organizing Body's Philosophy/Values

The core beliefs or principles guiding the organization behind the event.

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Event Hosting Track Record

A city's history of successfully hosting events, including the quality of previous events and the city's ability to handle large crowds.

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Venue & Infrastructure Plans

Details about the location and its facilities needed for the event. This includes details needed for setup, capacity, and accessibility.

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Attendance Forecasts

Predictions about the number of people who will attend the event.

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Promotional Strategies

Methods used to advertise and attract people to the event.

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Financial Feasibility

Evaluating if an event can be run within its budget, considering costs and revenue.

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Contingency Plans

Backup plans for unexpected events or issues that might occur during the event.

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Bid Failure Reasons

Reasons why a bid to host an event might be unsuccessful.

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Event Feasibility Study

A thorough examination of the possibility of an event happening.

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Market Feasibility

Assessing the demand for an event, competition in the market, and current trends.

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Financial Feasibility (Event)

Analyzing if an event's costs can be covered by its revenue.

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Operational Feasibility

Assessing the practical aspects of running the event: staff, venue, and equipment.

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Other Considerations

Non-market factors affecting event feasibility: legal, political, environmental, social factors.

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PESTLIED/C-PESTEL

A framework for evaluating external factors in an event, such as political, economic, social, technological, legal, and environmental influences.

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SWOT Analysis

A method to identify internal strengths and weaknesses, and external opportunities and threats for an event.

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Strengths

Positive aspects and aspects of an organization that give it an advantage.

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Weaknesses

Negative aspects of an organization that can impair its functioning.

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Opportunities

Favorable prospects for an organization

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Threats

Negative external factors.

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Vision Statement

Describes the desired future of an event, inspiring and long-term.

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Mission Statement

Defines the purpose and aims of an event.

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Cash Flow Statement

A record of monthly income and expenditure.

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Negotiate Deposits

Bargaining with suppliers for extended payment terms.

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Accounts Receivable

Money owed to an organization for goods or services.

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Early Drawdowns

Requesting money from grants earlier than expected.

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Underwriting

Taking on responsibility for financing an event by another party taking over.

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Transparency in Reporting

Open and honest financial reporting to external funding sources.

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Budget Blowouts

Spending more money than planned in a budget.

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Budget Updates

Adjusting the budget to reflect current financial situation.

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Financial Accounting

External financial reporting for stakeholders.

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Management Accounting

Internal financial records used for decision-making.

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Profit & Loss

A financial statement showing revenues and expenses.

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Balance Sheet

A financial statement showing assets, liabilities, and equity.

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Cash Flow

The movement of cash into and out of an organization.

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Revenue vs. Income

Revenue is the income earned.

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Hierarchy of Controls

A ranked system of ways to prevent hazards, starting with the most effective (Elimination) and moving to less effective methods (PPE).

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Evidence of Compliance

Documentation proving adherence to safety rules and regulations in event management.

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Crisis Communication

Strategic communication during emergencies, focusing on timely, clear information to prevent panic.

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Crisis Communication Process

Method for handling communication during a crisis: identify target audiences, platforms, and content.

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Technology in Events

Use of technology to support event planning, delivery, and attendee experience.

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Hybrid Events

Events combining in-person and online participation.

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HR Strategies

Planning and executing strategies to achieve specific outcomes in areas like growth, cost control, quality improvement, performance enhancement, safety, and legal compliance.

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Staffing

Determining the number and type of staff needed for a task or event using job analysis and descriptions.

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HR Policies & Procedures

Creating guidelines for fair and consistent decision-making in the workplace.

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Recruitment/Selection/Induction

Attracting qualified candidates and selecting the best fit, along with welcoming new hires.

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Training & Development

Identifying training needs and providing opportunities for skill improvement and future roles.

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Supervision & Evaluation

Conducting performance appraisals and measuring employee performance against goals.

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Termination/Outplacement/Re-enlistment

Managing legal aspects of termination and maintaining contact with former staff for future opportunities.

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Evaluation & Modification

Regularly reviewing HR processes and improving them based on feedback.

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Work Breakdown Structures (WBS)

A way to break down the parts of an event/project down into smaller, more manageable, tasks.

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Event Venue/Scale

Number and sizes of locations needing to be covered by staffing.

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Outsourcing Levels

Determining how much work is done by the organization versus external contractors.

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Recruitment Channels

Different methods used to find employees or staff.

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Induction Programs

Programs welcomed new hires to the organization and event.

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Legal Obligations (Events)

Rules and regulations about salaries, employment, and safety which event managers must follow.

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Training Needs Assessments

Processes conducted to evaluate where staff and personnel are lacking in knowledge.

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Performance Appraisal

Evaluations that compare current work to specific expected outcomes.

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Staff Rewards

Incentives for both paid and volunteer staff, including pay, bonuses, opportunities, and recognition.

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Event Data

Information collected and analyzed to improve event outcomes.

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Event Registration

Streamlined attendee sign-up process.

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Attendee Management

Managing attendee travel, accommodation, and surveys.

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Room/Space Management

Layout planning; equipment and catering management.

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Exhibition Management

Focus on floor plans and managing sales space.

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Quotes/Contract Management

Vendor and service agreements, crucial for smooth running.

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Financial Management

Budgeting, profit/loss statements, post-event reports.

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Marketing & Social Media

Utilizing online platforms to promote an event.

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Online Registration Software

Software that handles registration, attendee lists & payments.

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CAD Systems

Software for venue layout and seating plans.

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Equipment Sharing

Platforms facilitating resource sharing between events.

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Venue Booking

Services for finding and booking meeting rooms/venues.

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Delivery Services

Companies that enhance event logistics.

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HR Access

Platforms that streamline HR management.

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Event Apps

Apps providing event programs and attendee details.

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Gamification in Events

Engaging attendees with in-app games offering rewards.

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VR/AR Experiences

Innovative immersive technologies.

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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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