Description
Develop a workable budget using the Price Listing asset provided.
All expenses provided will not fit within the allotted budget. It will be up to you to select specific expenses that would create an event to meet the goals and objectives as well as the expectations of the target audience.
Revenue streams should be considered based on reaching the goals and objectives of the event in addition to what the target audience could afford and enjoy.
Complete the spreadsheet templates. The spreadsheet template includes three worksheets (expense, break-even & income).
Thoroughly justify your budgeting decisions using the Budget Explanations Worksheet using research to support those decisions.
Research is required to explain your marketing selections, merchandise options (if you choose to include merchandise), sponsorship (if you choose to include sponsorship), and ticket pricing.
The target audience is provided to assist in making budgeting decisions.
Use the following points as a guide for supporting your research and decisions.
⌾ Explain how your prioritized expenses support the goals and objectives of the event.
⌾ Explain how your prioritized expenses relate to the target audience and what their expectations would be for the event.
⌾ Use research to support the marketing mediums selected for the marketing campaign.
⌾ Use research into other gaming events and game pricing to support your ticket price.
⌾ If merchandise is included, then explain the merchandise selections based on the target audience and outside research.
⌾ If sponsorship is included, then provide an explanation of the companies that you would target and why, using research.
Avoid: Restating the overview of the event or explaining why a planner prioritizes expenses.
In-text citation references have to be included
