How to Determine the Event Planning Expenses Effectively

1
(No Transcript)
2
Unless you have a good idea of event expenses,
planning an event budget is hard.
3
Event planning cost is associated with several
factors.
4
For finding the event cost, first you have to
identify the expense category.
5
So, plan the event expenses while creating your
event budget.
6
Go through the points to determine the event
planning expenses.
7
ON-SITE EXPENSES
8
On-site expenses include the costs and fees
related to the event venue.
9
It is the cost which is very easy to predict and
review in advance. Such as

• Venue costs
• Food and catering
• Audio/visual

10
Dont forget about the variable cost which
changes with attendance numbers.
11
PRODUCTION EXPENSES
12
Production refers to the staff and resources
required to plan and execute the event.
13
Expenses are begun when you dream up the event
and continue with the paperwork.
14
Production expenses are generally refer to
several expenses

• Event organizing cost
• Managing administrative elements
• Attracting attendees

15
THIRD-PARTY VENDORS
16
Vendors will provide the items and services
outside the host venue.
17
Every vendor provides bill independently, so keep
close tabs on them.
18
Use a spreadsheet to recognize the vendor
contacts along with service costs.

• Decor vendors
• Event rentals
• Marketing and registration
• Entertainment
• Administration expenses
• Planning and organization

19
OVERAGES AND EMERGENCY FUNDS
20
In the event, you need to spend your money aside
for unplanned expenses.
21
Many planners budgeting 5 to 10 percent for over
anticipated expenses.
22
Larger events allocate more because bill per
person may lead to thousands of dollars.
23
CONCLUSION
24
Outline the different types of event planning
expenses that can occur.
25
Overlook the expenses associated with a
particular vendor or category.
26
THANK YOU
www.absoluteamusements.com