Lovedip Mallar
Unit 4 Managing an event - Assignment 2
D2 - Evaluate and justify the feasibility plan, tools,
budget and risk, making any required contingency
adjustments.
In this report, I will evaluate the feasibility plan, tool, budget and risk and also make
any required contingency adjustments.
Having identified and discussed all of the elements required to create an event. It is
critical to assess the viability of a project. Market considerations, such as the target
market and competition, influence event feasibility. The availability of the location,
the talents required, the types of equipment needed, and the licences required are all
operational issues. Financial variables are significant since they include things like
costs and projected revenue.
Physical resources are the things we will need to plan an event's physical setup.
Furniture, tools, refreshments, facilities, and supplies are examples of resources.
Supplies are utilised to their full ability, ensuring that projects are completed on
schedule and under budget. It helps project managers in keeping an eye on the big
picture, reducing mistakes and double bookings. Many people underestimate the
amount of manpower required to organise an event, as well as the numerous
concerns that must be addressed with meticulous planning and preparation. It's
important to make sure you promote or put the proper individuals in the right places
for the event, which can take time and good preparation to get the right people with
the right knowledge and permissions, as well as to make sure any training
requirements are satisfied. A dedicated project manager, covering finance, logistics,
and a technical team, is frequently required for events. If the event is large enough, it
may also be necessary to hire security, caterers, and extra staff members, as well as
attendants and helpers, depending on the nature and scale of the event.
One of the main reasons behind this event is that I knew I cannot fail. After doing
some research and studying, I discovered that the college had previously organized
some successful events. I looked at a variety of events to uncover various success
elements that I could use for the event. On the other hand, I created a thorough
event plan that includes critical areas that must be considered while managing an
event, such as risk assessment and contingency planning.
The budget defines how much money can be spent on the event. It's critical to know
this from the start of the event planning process to ensure that it corresponds to the
requirements. The benefit of establishing a budget is that it stops the event planner
from spending too much money on one thing while ignoring the others. This will help
the events succeed since the event planner will be able to spend the funds on a
range of things. The budget's drawback is that it restricts the venue's ability to add
additional items if the event planner comes up with fresh ideas. Miscommunication or
Unit 4 Managing an event - Assignment 2
D2 - Evaluate and justify the feasibility plan, tools,
budget and risk, making any required contingency
adjustments.
In this report, I will evaluate the feasibility plan, tool, budget and risk and also make
any required contingency adjustments.
Having identified and discussed all of the elements required to create an event. It is
critical to assess the viability of a project. Market considerations, such as the target
market and competition, influence event feasibility. The availability of the location,
the talents required, the types of equipment needed, and the licences required are all
operational issues. Financial variables are significant since they include things like
costs and projected revenue.
Physical resources are the things we will need to plan an event's physical setup.
Furniture, tools, refreshments, facilities, and supplies are examples of resources.
Supplies are utilised to their full ability, ensuring that projects are completed on
schedule and under budget. It helps project managers in keeping an eye on the big
picture, reducing mistakes and double bookings. Many people underestimate the
amount of manpower required to organise an event, as well as the numerous
concerns that must be addressed with meticulous planning and preparation. It's
important to make sure you promote or put the proper individuals in the right places
for the event, which can take time and good preparation to get the right people with
the right knowledge and permissions, as well as to make sure any training
requirements are satisfied. A dedicated project manager, covering finance, logistics,
and a technical team, is frequently required for events. If the event is large enough, it
may also be necessary to hire security, caterers, and extra staff members, as well as
attendants and helpers, depending on the nature and scale of the event.
One of the main reasons behind this event is that I knew I cannot fail. After doing
some research and studying, I discovered that the college had previously organized
some successful events. I looked at a variety of events to uncover various success
elements that I could use for the event. On the other hand, I created a thorough
event plan that includes critical areas that must be considered while managing an
event, such as risk assessment and contingency planning.
The budget defines how much money can be spent on the event. It's critical to know
this from the start of the event planning process to ensure that it corresponds to the
requirements. The benefit of establishing a budget is that it stops the event planner
from spending too much money on one thing while ignoring the others. This will help
the events succeed since the event planner will be able to spend the funds on a
range of things. The budget's drawback is that it restricts the venue's ability to add
additional items if the event planner comes up with fresh ideas. Miscommunication or
