BUDGET FOR EVENTS:
AN IMPORTANT item that event planners should not forget is the budget. A budget is not only a spreadsheet but a document that is generated as final product of the planning process. A complete budget should include including a detailed list of expected expenses, resources, and associated costs. Also, sources of income and the expected benefits should be detailed. In many cases, the organizers will be forced to work with a fixed budget. On the other hand, it is possible that the event is expected to reach break-even or throw a benefit through registration fees, ticket sales, booth rental, sponsorship, grants, marketing, product sales, etc.
AN IMPORTANT item that event planners should not forget is the budget. A budget is not only a spreadsheet but a document that is generated as final product of the planning process. A complete budget should include including a detailed list of expected expenses, resources, and associated costs. Also, sources of income and the expected benefits should be detailed. In many cases, the organizers will be forced to work with a fixed budget. On the other hand, it is possible that the event is expected to reach break-even or throw a benefit through registration fees, ticket sales, booth rental, sponsorship, grants, marketing, product sales, etc.