Tips on Budgeting
Module 6: Overview
- Utilize a key in your Excel budget to easily update numbers when variables change, such as the number of attendees.
- Create a summary sheet to present high-level budget figures to clients, keeping them out of detailed financial discussions.
- Regularly update and review the budget, treating it as an integral part of your project management responsibilities.
- Ensure your team provides budget updates consistently and schedule regular updates with the client.
- Deliver the budget estimate to the client before the event, keeping them informed and setting expectations for potential changes on-site.
- Include a contingency in the budget to account for unforeseen expenses or changes during the event.