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Financial Management & Budgeting for Events

Learn the practices and principles of financial planning and how to create and manage budgets to deliver against set objectives.

Good financial management is one of the most important aspects of delivering successful events for clients.

Key Principles

This masterclass will teach you the foundations of event budgeting and transform your financial management skills.

  • Understand the principles of budgeting
  • Compile and manage an event budget
  • Understand the difference between income and cash flow
  • Get to grips with the art of negotiation (including procurement)
  • Grasp the pros and cons of supplier tie-ins
  • Appreciate the necessity of contingency planning
  • Know how to make a profit from your event

Managing, Forecasting & ROI

Understand the following:

  • Income vs. Expenditure (Gross vs. Net income)
  • Estimated vs. Actual Income/Expenditure (variance tracker)
  • Contingency re percentages of spend
  • Client budget vs. internal budget
  • Return on investment (ROI)
  • Purchase Orders and invoicing
  • Venue and supplier contracts

Financial Management & Budgeting for Events

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