HOME | CHECKOUT | ABOUT | FAQ | CONTACT US |
 
Welcome Guest [create an account] or log-in:
email
password

Chapter 5 Event budgeting and financial health

DOI: 10.23912/9781911635871-4963

ISBN: 9781911635871

Published: January 2022

Component type: chapter

Published in: Reimagining and Reshaping Events

Parent DOI: 10.23912/9781911635871-4918

10.23912/9781911635871-4963

Abstract

A critical determinant of successful event management is the capacity to predict and monitor event costs and revenues. Cost blow-outs or lower than expected revenues can significantly impact an event’s financial performance, turn an anticipated profit into a loss, create major cash flow problems, and impair the financial health of an events business.

Sample content

Click here to download PDF

Contributors

For the source title:

Cite as

Wrathall & Steriopoulos, 2022

Wrathall, J. & Steriopoulos, E. (2022) "Chapter 5 Event budgeting and financial health" In: Wrathall, J. & Steriopoulos, E. (ed) . Oxford: Goodfellow Publishers http://dx.doi.org/10.23912/9781911635871-4963

References

Atrill, P. & McLaney, E.J. (2019). Accounting and Finance for Non-Specialists, 12th ed., Harlow, UK: Pearson Education.

Carstens, D. S., & Richardson, G. L. (2019). Project Management Tools and Techniques: A practical guide. CRC Press.

https://doi.org/10.1201/9780429263163

Drury, C. (2018). Management and Cost Accounting, 10th Ed., Cengage Learning EMEA

Dwyer, L., Jago, L., & Forsyth, P. (2016). Economic evaluation of special events: Reconciling economic impact and cost-benefit analysis. Scandinavian Journal of Hospitality and Tourism, 16(2), 115-129.

https://doi.org/10.1080/15022250.2015.1116404

Janjusevic, J. & Mathur, S. (2021). Financial Planning and Budgeting of Events. In: Salama, M. (ed), Event Project Management: Principles, technology and innovation, Oxford: Goodfellow Publishers

https://doi.org/10.23912/9781911635734-4769

Jiménez-Naranjo, H. V., Coca-Pérez, J. L., Gutiérrez-Fernández, M., & Sánchez-Escobedo, M. C. (2016). Cost-benefit analysis of sport events: The case of World Paddle Tour. European Research on Management and Business Economics, 22(3), 131-138.

https://doi.org/10.1016/j.iedee.2015.04.001

Knardal, P. S., & Bjørnenak, T. (2020). Managerial characteristics and budget use in festival organizations. Journal of Management Control, 31(4), 379-402.

https://doi.org/10.1007/s00187-020-00305-0

Knardal, P.S. & Pettersen, I.J. (2015). Creativity and management control - the diversity of festival budgets, International Journal of Managing Projects in Business, 8(4), 679-695.

https://doi.org/10.1108/IJMPB-11-2014-0082

Quick, L. (2020). Managing Events: Real challenges, real outcomes. Sage.

Solberg, H. A., & Preuss, H. (2015). Major sports events: the challenge of budgeting for the venues. Event Management, 19(3), 349-363.

https://doi.org/10.3727/152599515X14386220874805

Wrathall, J & Gee, A (2011). Event Management: Theory and practice. McGraw-Hill.

Available

Chapter 5 Event budgeting and financial health [Details]Price: £5.99*Licences / Downloadable file

Published in Reimagining and Reshaping Events

Chapter 5 Event budgeting and financial health [Details]Price: £5.99*Licences / Downloadable file
Paperback format [Details]Price: £34.99Copies / Delivery by post
Terms and conditions of purchase | Privacy policy