Assignment Event Management | Hospitality Management Assignment
Added on 2020-05-11
16 Pages2137 Words198 Views
Running head: EVENT MANAGEMENT Event ManagementName of the StudentName of the UniversityAuthor Note
1Table of Contents1. Introduction..................................................................................................................................22. Objectives (Finance)....................................................................................................................23. Finance.........................................................................................................................................23.1 Budget Allocation..................................................................................................................23.2 Revenue Sources....................................................................................................................23.3 Expenditure............................................................................................................................24. Operational Planning...................................................................................................................34.1 Venue Map.............................................................................................................................34.2 Gannt Chart............................................................................................................................34.3 Bump in and Bump Out.........................................................................................................34.4 Checklist per Area.................................................................................................................35. Responsibilities of Group members.............................................................................................36. Risk Assessment..........................................................................................................................37. Minutes........................................................................................................................................38. Conclusion...................................................................................................................................39. References....................................................................................................................................3Appendix..........................................................................................................................................3
21. IntroductionThe purpose of this report is to present a report on the event that is being organized in a cafeteria for the multi-cultural Feast that will held on 6 October. This is a part of the management course in the Hospitality Management. I have been assigned the finance team for managing the entire expanse and expanse related objectives. I will be responsible to estimate the budget, collect the budget and expensing the budget. This event will cover the whole activities asall activities need some expenditure to be executed and will be calculating and expensing based on budget plant. The very first objective will be considering the areas, where certain expenditure is needed and dividing the budget according to the requirements of other team who are contributing in making this event successful. This report emphasis on the various aspects related to the event management including the objectives in the perspective of the finance management. Followed by that, this report will discuss about the areas related to the finance that will include budget allocation, revenue sources,and expenditures. There are certain risks in managing the finance sector for this event management that has been also discussed in this report that has been explained in a risk management table. These risk assessments should be considered during the from the planning, execution and closure of the event that will be from 22 September to 6 October 2017. A Gannt chart has also been proposed in this report in manner to scheduling the task and expenditures thatwill be executed during the overall project of the event management. This report is a thorough research on the processes and expenditure related to this event that is about to be organized at the Melbourne Polytechnic and will cover all the aspects related to the finance for organizing such events.
32. Objectives (Finance)The project can be considered to be on track and following are the objectives that have been accomplished or needs to be accomplished for the successful execution of the event:Planning has been made after meeting all the teams.Budget is confirmed as per the donation made by the sponsorsCollection of expenses has been made from the sponsorsBookings for the event such as venue, decoration, and food are confirmed by paying partial payment.All the tickets have been sold (only 5 left to be sold on 6 October) 3. FinanceI will be responsible for the expenditure and income that will be going to expand during the execution of the project that will be based on information gathered and planning made at the prior of the event. Following are the data and information that is an overall estimation of the project. 3.1 Budget AllocationLocation$15,000 Human Resource Volunteering$10,000 Event management Expenses$20,000 Subtotal$45,000 Contingency$5,000 Total$ 50,0003.2 Revenue Sources Sponsors St George restaurant kitchenSlam
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