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BUS 372 Module 3 Assignment Event Budget Estimation

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BUS 372 Module 3 Assignment Event Budget Estimation

BUS 372 Module 3 Assignment Event Budget Estimation

BUS372

BUS 372 Module 3 Assignment Event Budget Estimation

Due Date: Jun 25, 2017 23:59:59       Max Points: 50

Details:

You will use the event budget number provided to you by the event coordinator in the “Event Coordinator Interview” assignment from Topic 2 along with your own research to estimate expenses and value or revenue generation associated with your selected event.

Think about the event you are planning to execute and identify the costs associated with executing the event. Some costs to consider could include facilities, marketing and promotion, event presentation and awards, security, and legal and insurance fees. Refer back to the Topic 2 Material for additional information about event costs and revisit the “PAPER Test” you completed for the Topic 2 assignment to ensure that you have included all the expenses you can think of related to promotion, audience, partnerships and environment. Complete the “Expense” and “Amount Budgeted” columns and then write a sentence or two that justifies how you arrived at the estimate in the “Justification” column of the “Expenses” tab of the “Event Budget Estimation” spreadsheet to forecast the costs for executing your event.

Next, identify the revenue streams for the event you are executing. Remember that for your event, “revenue” does not necessarily refer to money. Revenue could take the form of providing a service (i.e., a youth sports clinic), raising awareness for a specific cause or charity, collecting goods for a cause, charity (i.e., canned food, donations of supplies), or it could actually involve raising funds to help a particular group or organization. Some monetary revenue streams to consider could include registration fees, ticket sales, concessions, and sponsorship. Refer back to the Topic 2 Material for additional information about revenue streams. Revisit the “Revenue” section of the “PAPER” Test you completed for the Topic 2 assignment to ensure that you have included all the revenue streams you can think of for your event. Complete the “Description” and “Amount Forecasted” columns and then write a sentence or two that justifies how you arrived at the estimate in the “Justification” column of the of the “Revenue-Monetary” and “Revenue-Non-monetary” tabs of the “Event Budget Estimation” spreadsheet to forecast the potential revenues that could result from executing your event. Your instructor will provide you with feedback about your budget estimations after you have submitted the assignment.

APA Style is not required, but solid academic writing is expected.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are not required to submit this assignment to Turnitin.

Event Budget Estimation 

1
Unsatisfactory
0.00%
2
Less than Satisfactory
65.00%
3
Excellent
100.00%
100.0 %Content
25.0 %Expense Estimates Event expense estimates are not included. Event expense estimates are incomplete. Event expense estimates are complete and include relevant details.
25.0 %Revenue Estimates Event revenue estimates are not included. Event revenue estimates are incomplete. Event revenue estimates are complete and include relevant details.
50.0 %Justification of Expenses and Revenue Justification of specific event expense and revenue estimates are not included. Justification of specific event expense and revenue estimates are incomplete. Justification of specific event expense and revenue estimates are complete and include relevant details.
100 %Total Weightage
BUS 372 Module 3 Assignment

BUS 372 Module 3 Assignment

ACC 250, ACC 350, ACC 370, ACC 371, ACC 486, ACC 613, ACC 650, ACC 651, ACC 662, ACC 664, ACC 665, ADM 614, ADM 624, ADM 626, ADM 632, ADM 634, ADM 636, AMP 415, AMP 425, AMP 434, AMP 450V, AMP 492, BIO 220, BIO 500, BUS 340, BUS 352, BUS 372, BUS 485, BUS 660, COM 231, COM 263, COM 315, CWV 101, ECN 220, ECN 360, ECN 601, EED 475, EMM 415, EMM 442, EMM 641, ENG 106, ENT 435, FIN 350, FIN 450, FIN 451, FIN 650, HCA 675, HCA 807, HCA 812, HLT 205V, HLT 302, HLT 307V, HLT 308V, HLT 310V, HLT 312V, HLT 313V, HLT 314V, HLT 317V, HLT 324V, HLT 362V, HLT 418V, HLT 520, HLT 540, HLT 600, HLT 605, INT 244, JUS 110, JUS 505, JUS 510, JUS 515, JUS 520, JUS 521, JUS 524, JUS 531, JUS 610, JUS 620, LDR 600, LDR 615, LDR 620, LDR 630, LDR 640, MAT 134, MGT 240, MGT 420, MGT 434, MGT 455, MGT 605, MGT 655, MGT 810, MGT 815, MKT 245, MKT 450, MKT 607, NRS 410V, NRS 427V, NRS 429V, NRS 430V, NRS 433V, NRS 434V, NRS 437V, NRS 440, NRS 441, NRS 451V, NRS 490, NUR 502, NUR 504, NUR 508, NUR 670, NUR 699, PCN 500, PCN 501, PCN 520, PCN 605, PHI 105, PHI 413V, PSC 410, PSC 495, PSY 100, PSY 102, PSY 622, PSY 655, PSY 860, RES 861, RSD 851, SOC 100, SOC 220, SOC 386, SOC 412, SYM 506, TCH 517, TCH 524, TCH 539, UNV 103, UNV 104, UNV 502, UNV 503V, UNV 504

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