Decision Making for Creative Projects and Events

Running head: DECISION MAKING FOR CREATIVE PROJECTS AND EVENTS
Decision Making for Creative Projects and Events
Name of the Student
Name of the University
Author’s Note

1DECISION MAKING FOR CREATIVE PROJECTS AND EVENTS
Executive Summary
The aim of the report is the arrangement of a creative community event by taking into
consideration all the required dimensions of event management. Different parts of the report
analyze and evaluate the necessary aspects to effectively manage an event. As per the analysis,
the major parts of this community event are development of the budget, consideration of the
breakeven point, funding options of the event, pricing of the event and recommendations.

2DECISION MAKING FOR CREATIVE PROJECTS AND EVENTS
Table of Contents
Introduction......................................................................................................................................3
Market Research..............................................................................................................................3
Budget of the Event.........................................................................................................................4
Breakeven Analysis of the Event.....................................................................................................5
Funding of the Event.......................................................................................................................6
Pricing for the Event........................................................................................................................7
Income Stream of the Event............................................................................................................8
Recommendations............................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

3DECISION MAKING FOR CREATIVE PROJECTS AND EVENTS
Introduction
Event Management is regarded as the process to apply the concept of project
management for the creation and the development of specific events like festivals, community
programs, conferences, ceremonies and others. At the time of the organizations of creative
events, the responsible event managers are needed to take into account all the relevant factors
required for the effective organization of the events. The main aim of this report is the
organization of the Annual Community Function. The program will take place on 15th July, 2018
at the community auditorium. There will be several parts of this event. There will be a singing
performance by solo artists along with band performance. The singing performances will be
followed by individual dance performance along with dance troop performance. After that, there
will be recitation performance. The program will also include the prize distribution ceremony of
the annual sports of the community. After the completion of all these performances, there will be
a dinner party for the residents of the community.
Market Research
At the time to conduct any kind of creative events, it is needed to consider the aspect of
market research in order to make the event more purposeful and entertaining for the spectators.
At the same time, market research helps the event committee to consider specific types of
program and activities for the entertainment of the whole spectators. There is not any exception
of this fact in case of this specific event. A market has been conducted among all the members of
the community for the selection of programs in the event. The aim of the community was to
arrange program for all the members of the community. In the survey, views and ideas were
taken from the residents of the community on the selection of program. Based on the result of the