Event Management - Buyers Guide

Event Planning Software Terminology

Actuals: The cost or effort associated with tasks.

Bottom-Up Estimating: Estimating the size and budget of a planned event and the risks involved with it.

Budget: The approximated expense and income of a project.

Change Control: Adjusting any budget or schedule related changes to the plan.

Client: The beneficiary of the planned event.

Closing: The official reference to bringing an event to an orderly end.

Dependency: Refers to the relationship between two or more tasks/ activities.

Duration: The length of time required for an activity.

Float: Planned time for slips in a project that would still not result in serious delays.

Goods: Any merchandise or commodities required to complete a project.

Management Reserve: Budget allocated for unpredictable expenses.

Murphy's Laws: The "monster" of all event planners; a set of laws regarding the perverse nature of things.

Predecessor Task: A task or activity that must be completed before any other task can be performed.

Product: The outcome of an event.

Resource: Human resources, tools, facilities used in executing a project.

Risk Planning: The identification of actions required to reduce risks within a project.

Scope: The total assembly of deliverables to be produced by a project.

Stakeholder: Anybody with a stake in the planned event.

Variance: The difference between approximated size and cost of an event and its actual outcome.

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The form was easy to fill out and took only a few minutes. It was easy for me to find the service I needed, and I quickly heard from a couple of helpful companies.

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Milan, Italy