Marketing strategies ļAIPM (Australian Institute of Project Management) which is a national body wants to hold its event for a company named XYZ as a part of national conference in Melbourne . ļThe event is organized for promoting Information Technology professionals. ļThe marketing strategies that are utilized by AIPM are elaborated below: ļ§Website and electronic communication: AIPM must advertise about the event that is going to take place in Melbourne
Marketing strategies contd. ļDirect mail:It is needed to print various types of promotional materials and then it is needed to send them to different partners, sponsors as well as AIPM members. ļPublications:Advertisement about the event will be posted by AIPM on newspapers for spreading awareness about the event. ļCall for papers:Call for papers is considered as a part of marketing strategy that generally involve submission of completed research
Advice on the venue ļµThe event will be held in one of the large well known venue in the central business district of Sydney ļµThe venue mainly comprises of meeting rooms, theatre, and two ball rooms along with number of restaurants.
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Advice on format. ļµIt is identified that the event AIPM must include the following: ļµThe event is targeting IT professionals from various individual members as well as from corporate members. ļµThe organization AIPM expects that 900 delegates must attend the event. ļµPresent number of sessions that will generally helpful in promoting the project management professionals
Duration of the event ļµThe entire event will run for around 3 days for promoting Information Technology professional by AIPM in context to national conference. ļµThe time that is required for the event is reflected in the table Final phase2 daysFri 25-05- 18 Sat 26-05- 18 Presentation on the topics2 daysFri 25-05-18Sat 26-05-18 Arrangement for gala dinner 1 dayFri 25-05-18Fri 25-05-18
Number of speakers ļµAIPM generally envisage 4 number of speakers every day with at least one key note speaker within the event ļµThey will generally speak in order to promote Information system professionals.
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Timing associated with the planning, delivery and post implementation
Project risks The risks associated with project are as follows: ļµImproper budget estimation ļµImproper management ļµInappropriate marketing ļµLack of experience
Advice on potential sponsorship arrangements The potential sponsorship arrangements will generally helpful in providing opportunities that are given below: ļµProject sponsorship generally helps in supporting AIPMās objectives ļµIt generally helps in exposing the organization profile against various people of the industry ļµGenerally assists sharing knowledge as well as expertise ļµNetworking as well as helps in establishing relationships
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Advice on potential sponsorship arrangements ļµIt is identified that AIPM generally engages in It is identified that company does not wants to make money ļµHowever the organization wants to seek full recovery of the money that is invested through marketing income and ticket selling.
Cost Structuring ļµThe cost structuring for the event is provided below in the table: Sponsorship typeCost Advertising packages$12,000 Ticket pricing$20,000 Offers from international delegates$14,000
Summary methodology ļµThe event that is organized by AIPM for promoting information technology professionals is mainly delivered in four different phases. It is identified that the initial phase of the project lasts for 18 days in which proper selection of various items as well as resources are done for the project. ļµIn the next phase that is the timeline phase, proper arrangement for the event is made so that the AIMP can undertake the event successfully. ļµIn the execution phase that generally last for 3 days undertake the event and a gallon dinner party for the participants. ļµIn the last phase that is the closure phase, stakeholder sign off as well as documentation on the project is created.
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Bibliography ļµChih, Y.Y. and Zwikael, O., 2015. Project benefit management: A conceptual framework of target benefit formulation.International Journal of Project Management,33(2), pp.352-362. ļµConforto, E.C., Salum, F., Amaral, D.C., da Silva, S.L. and de Almeida, L.F.M., 2014. Can agile project management be adopted by industries other than software development?.Project Management Journal,45(3), pp.21-34. ļµHeldman, K., 2018.PMP: project management professional exam study guide. John Wiley & Sons. ļµHornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity.International Journal of Project Management,33(2), pp.291- 298.