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Event
             management
       budget uncertainties
     insurance against risks
                       H. Kaneez Fatima
15 September 2012
                      fatima@ingrope.com
Event management
What is an event?:
• conference, symposium
• hands-on training
• marketing exhibition
• sports competition
• many others ...

 15 September 2012
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 pack
15 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 realised
15 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
Event mnagement

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Event mnagement

  • 1. Event management budget uncertainties insurance against risks H. Kaneez Fatima 15 September 2012 fatima@ingrope.com
  • 2. Event management What is an event?: • conference, symposium • hands-on training • marketing exhibition • sports competition • many others ... 15 September 2012
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. Conference: delegates • Poster papers  often used to gain additional delegates • Access for disabled persons • Special dietary requirements  vegetarian, vegan, halal, etc 15 September 2012
  • 7. 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
  • 8. 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 pack 15 September 2012
  • 9. 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
  • 10. 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 realised 15 September 2012
  • 11. 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