FINANCIAL RISK MANAGEMENT IN EVENT PLANNING: STRATEGIES FOR EFFECTIVE BUDGETING AND COST CONTROL

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Hardik Jain; Anusha Nadiger; Trisha Reddy; Vikesh Salecha; Bhavesh  Anilkumar

FINANCIAL RISK MANAGEMENT IN EVENT PLANNING: STRATEGIES FOR EFFECTIVE BUDGETING AND COST CONTROL

Authors: Hardik Jain, Anusha Nadiger, Trisha Reddy, Vikesh Salecha, Bhavesh Anilkumar

Unique Paper ID: 175354
Volume: 11
Issue: 11
PageNo: 2825-2832

Keywords: No Keywords Found

Abstract:
Effective financial risk management is crucial in event planning to ensure that events are delivered within budget and to the desired quality. This article provides event planners with practical strategies for effective budgeting and cost control, enabling them to identify, assess, and mitigate financial risks. Key strategies discussed include conducting thorough risk assessments, developing comprehensive budgets, and implementing cost control measures. Additionally, the article explores the importance of monitoring and reviewing financial performance throughout the event planning process. By adopting these strategies, event planners can minimize financial risks, ensure successful events, and maintain stakeholder confidence. The article provides valuable insights and practical advice for event planners seeking to improve their financial risk management skills. 1) Financial Risk Management 2) Event Planning 3) Budgeting 4) Cost Control 5) Risk Assessment

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ISSN: 2349-6002
Volume: 11
Issue: 11
PageNo: 2825-2832

FINANCIAL RISK MANAGEMENT IN EVENT PLANNING: STRATEGIES FOR EFFECTIVE BUDGETING AND COST CONTROL

Available:https://ijirt.org/article?manuscript=175354

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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