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TPC5 Lec Prelim Reviewer
TPC5 Lec Prelim Reviewer
TPC5 Lec Prelim Reviewer
Gantt Chart is a bar chart that list the tasks Marketing Committee - Oversees all
against specific schedule. The tasks are Marketing subcommittees, such Publicity,
listed on the left side and the time frame is Promotions Sponsorships, and Ticket Sales
on the horizontal axis. You can list the task
Publicity Committee - Prepare all press through of the steps in planning for an
releases and media information and event:
interacts with media.
1. Concept -Create an event concept.
Invitation and Ticket Sales Committee - 2. Feasibility - Test the ideas by doing a
Updates invitation list, if necessary. Secures feasibility
additional list if necessary. study.
3. Tasking - Create a "to - do" list.
Finance Committee - Develops a 4. Scheduling - Create a timetable.
comprehensive budget, based on input from 5. Budgeting - Create a budget by
each committee. identifying revenue sources and expense
items.
Audit Committee - Evaluate the accuracy 6. Approval - Secure the approvals of
of the records. school authorities, like Dean or Vice
President for
Man: Staffing and Recruitment - The first Academic Affairs.
thing to do in events management is to 7. Site selection - Do an ocular of potential
create an organizational structure, and that venues before deciding which one best fits
is electing the chairperson or the event on your event.
manager and create the working 8. Marketing - Be creative in planning your
committees. revenue source. Prepare your promotional
materials and campaign for sponsorship and
Classification of Employment in Events attendance.
Management 9. Risk assessment - Write a risk
1. Permanent - Are the strategic management plan and disseminate it to the
human resources of the company. members of the team.
2. Volunteer - •Include on-the-job- 10. Monitor and evaluation - Plan on how
trainees from universities and other are you going to monitor the performance of
non-paid staff who provide free the team. Hold coordination meetings
assistance to satisfy personal regularly.
objectives.
3. Temporary - Are those hired on a Identify and Assign the Task - This step
contractual or per project basis, can be done in the form of a classroom
directly or through a manpower exercise. Ask everyone to write down as
employment agency. many specific tasks as they can think of.
Money and Machines: The Feasibility Scheduling - The next step is to estimate
Study the time required to carry out each task. The
From this point on, more details shall be basic procedure is to work back the
added to the plan. This can be done by deadlines which are difficult to control.
narrowing the options through a feasibility
study. Budget is the estimated revenue and
expense.
Feasibility study - looks into whether an Budget provides data on the events funding
idea can be done or not, given the current requirements as well to monitor expenses.
situation and available resources. detailed budget should thus be drawn up as
soon as possible after the event concept
PLANNING - is a process that involves has been finalized and approved.
setting the objective and the means to
achieve them. Here is the quick run -
● Cost , Revenue, Break- Even Point, came up with a record setting activity of
Cash Flow simultaneously gathering thousands of
cosplayers featuring characters from the
Securing Approvals and Permits - Secure book. Before the competition, the organizers
the approvals of school authorities, like secured the approved criteria and the
Dean or Vice President for Academic required processes from the global
Affairs. Follow of chain of command. For organizers and Guinness world organizers.
corporation secure approval from the Defense Show - This show is a challenging
management or present the study to the MICE event because of the sensitive nature
client. Make sure that you get the signature of the items on display. The latest exhibition
of approving authorities on the final proposal had mini tanks, grenade launchers, and test
for the record purposes and to avoid future firearms, and surveillance equipment as the
coordination problems. display highlights.
The preparation took at least 12 months
Union de Faire Internationales (UFI) - because of the security requirements and
established in the late 1960s conducting risks involved. The organizer needed to
educational seminars on different topics work very closely with a competent and well-
accredits and helps promote shows staged experienced operators and contractors for
by its members. permits that are needed. Also worked with
Philippine National Police and Department
Bureau of International Exposition (BIE) - of National Defense in planning.
it was established by an international Design Thinking - is necessary in
Convention signed in Paris on November designing the event experience. It is a
22, 1928 following goals: (1) to oversee the discipline that let a designer employ his or
calendar, bidding, selection, and her sensibilities and methods.
implementation of World Expositions; (2) to Wow Factor - Make your event stand out by
establish a framework allowing countries to coming up with WOW Factors. These can
cooperate under the best conditions as be inspiring moments of an event that would
organizers of the expositions. leave a lasting impression on the audience
and make them want to experience it again.
Convention and Visitor Bureau - Usually
membership organizations representing a WORLD TRENDS
specific destination and assisting in its OBJECTIVES ARE SMART
strategic. WIN YOUR AUDIENCE
Lesson 4:
Convention and Visitors Bureaus
● TPB PHILIPPINES - Primarily non- BUDGET - A budget is more than a pre-
profit, usually membership event balance sheet it is an action tool that
guides the event manager in decision- A5. FINANCE - it is the art and science of
making regarding all the expenses and managing money.
revenues whether the event is managed for
a client or for the company itself.
REVENUES/INCOME
A.2 FOLLOWING CONCERNS THAT
SHOULD BE CONSIDERED IN DRAFTING B1. WHAT IS INCOME? - It refers to what
THE BUDGET remains after expenses and taxes are
● Is there a given budget? What are deducted from the revenue.
the client's and/or organizer's
financial goals? Where will the B2. FINANCIAL PHILOSOPIES -
operating expenses come from?
● Is there an available bridge ● Profit - Revenue exceeds expenses.
operating fund? ● Break Even - Revenue equals
● Will the client give the operating expenses.
funds ahead of time so that deposits ● Less Leader/Hosted- Expenses
on the venue and other early exceed revenue (the client or event
bookings can be secured? host provides funds to meet
● If not, does the event company have expenses).
fund?
● Given these conditions, what is the B3. LIST OF SOME REVENUE
most suitable type of event? GENERATING ACTIVITIES
● What are the venues suited for the
event? 1. ASKING FOR REGISTRATION
● Who are the primary audience? Are FEES
there secondary targets? 2. REQUIRING ENTRANCE FEES
● What is the profile of the target 3. REQUIRING ENTRANCE FEES
audience or visitors & their spending 4. IMPLEMENTING VENDOR FEES
capacity? 5. LOOKING FOR SPONSORSHIPS
● Where will the revenues come from? 6. ADVERTISING
Having sponsorships or bulk ticket 7. AREA BRANDING
purchases is a good revenue source 8. SELLING MERCHANDISE ITEMS
for an event. Review the list of the- 9. ENGAGING IN EX DEALS
organizer's biggest
suppliers/contractors for possible Here are your possible sources of revenues
sponspors. are as follows:
● Why will people pay to attend the 1. Sponsorship
event? 2. Donations
3. Barters
A3. BOOKKEEPER - It is a process of 4. Ad Placements in your event
recording business transactions in colaterals
chronological order. 5. Ticket Sales
6. Exhibition booth rentals
A4. ACCOUNTING - it refers to the 7. Registration fees
information system that includes the 8. Barters
recording, classifying, summarizing, 9. Entrance Fees
analysis, and interpretation of the business 10. Membership fees
performance at a specific period of time.
B4. FORMULA FOR COMPUTING
Revenue Formula = Quantity X Price
● Miscellaneous on-Sale
EXPENSES ● Allowance of Volunteers
● PRODUCTION CREW
● SECURITY
● CONTIGENCIES
Take notes: A detailed breakdown of each
budget items must be prepared to ensure
that the Assigned teams are familiar with the
scope and limitations of their area of
responsibility .