BUS 372 MODULE 3 ASSIGNMENT EVENT BUDGET ESTIMATION
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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% |
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100.0 %Content
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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
|
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