Previous Knowledge - Revision of last lesson

Discuss the following: Project.

• Project

• Assignment

• Experiment

• Survey

Discuss the following: Project Management.

• Project Management involves planning, organizing, and managing resources to achieve specific goals.

• Project Management is only about financial planning.

• Project Management is unrelated to team coordination.

• Project Management does not require any planning.

Project Management Plan is:

• A document that outlines how a project will be executed, monitored, and controlled.

• A list of project team members.

• A schedule of project meetings.

• A financial report for the project.

Project manager’s responsibilities include:

• Planning and organizing project tasks

• Ignoring project deadlines

• Avoiding communication with stakeholders

• Delegating all tasks without supervision

The five stages of project life cycles are:

• Initiation, Planning, Execution, Monitoring and Controlling, Closing

• Planning, Designing, Testing, Deployment, Maintenance

• Requirement, Analysis, Design, Implementation, Testing

• Initiation, Development, Testing, Deployment, Review

Each stage involved in project life cycles includes:

• Initiation, Planning, Execution, Monitoring and Controlling, Closing

• Planning, Execution, Marketing, Sales, Closing

• Initiation, Design, Testing, Marketing, Closing

• Initiation, Planning, Execution, Sales, Closing

A Gantt Chart is:

• A type of bar chart that illustrates a project schedule

• A pie chart used for statistical analysis

• A line graph showing sales trends

• A flowchart for decision making

A Financial Plan in the context of managing an event is:

• A detailed outline of expected income and expenses for the event.

• A list of guests attending the event.

• A schedule of event activities.

• A marketing strategy for the event.

At the end of this lesson, students will be able to: Identify and discuss Objectives of Financial Planning for an Event. Which of the following is an objective of financial planning for an event?

• To ensure efficient allocation of resources

• To increase the number of attendees

• To reduce the duration of the event

• To select the event location

At the end of this lesson, students will be able to: Understand Benefits of Marketing Plan for an Event. State one benefit of having a marketing plan for an event.

• Helps in organizing and promoting the event effectively

• Increases the cost of the event

• Reduces the number of attendees

• Makes the event less successful