Remove Contracts Remove Negotiating Remove Risk Management Remove Transportation
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Money Talks: Defining an Event Budget

TicketBud

Event budgets also act as a risk management tool. This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution. Whereas, starting too late can mean less options and premium rates.

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Top 6 Event Planning Certifications To Boost Your Career

Eventtia

Event planners also handle logistics like transportation and accommodations. To get the CMP title, a person must show that they are good at negotiating contracts, planning events, managing risks, and marketing. Event planners ensure that all the details of a particular event are taken care of.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

Negotiation is more essential than ever for achieving cost savings, and planners should work closely with partners — including DMCs, hotels, speaker bureaus, and food and beverage vendors — to identify creative opportunities for doing more with less. A collaborative approach will always benefit you in all aspects, including managing costs.”.

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What Is the Meetings Industry’s No. 1 Challenge?

PCMA Convene

Hotels were a recurring topic, as planners noted a decrease in the ability to negotiate contracts, along with pressures associated with lowered commissions and increased competition for space. When Marriott-owned organizations are the only game in town, your choices and the ability to negotiate goes down to zero. Climate change.