Control and Budgeting presentation is about definition of control, elements and categories of control, control mechanism, examples of measurable gaps, control methods, budget, constructing a budget, budget process, process of constructing a budget, cash flow, costing, tips on reducing costs, revenu...
CONFERENCE &
EVENT MANAGEMENT
Control and Budgeting
Week 9
, What is control ?
It consists of making sure that what happens
in an organisation is what is supposed to
happen.
“the driving through of the plan, monitoring
what actually happens and making changes
as necessary” [(Slack et al. ’01) Bowdin et al. ’01]
– The control of an event can range from the event
manager simply walking the site and discussing
daily progress with staff, to implementing and
monitoring a detailed plan of responsibilities,
reports and budgets. 2
, Control of any business involves comparing the
progress of all key functions against a
management plan to ensure that projected
outcomes are met.
Event planning is effective only if plan is well
controlled – developing proper control
mechanisms – designed to keep the project on
course and return the project to plan if it
wanders.
Control affects all elements of events
management e.g. logistics, HR & admin.
Control is the process of coping with changes
that affects the plan and depends on effective
communication system.
The choice of control mechanism is central to the
success of an event. 3
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