Remove Food and Beverage 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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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. Work with Partners—and Haggle. Keep F&B Simple.

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

PCMA Convene

In the 28th Annual Meetings Market Survey, respondents listed rising food and beverage costs as a major challenge. Nearly 30 percent of respondents’ answers in some way reference budgets or rising costs this year, with AV, food and beverage, and Wi-Fi expenses standing out as particular pain points. Hotel negotiations.