B.Sc. Resort & Event Management Final Event Project Subject Code - RER 309
B.Sc. Resort & Event Management Final Event Project Subject Code - RER 309
B.Sc. Resort & Event Management Final Event Project Subject Code - RER 309
5 Open elective 3 0 0 3
14 0 14 22
Scheme FINAL EVENT PROJECT L T P C
Version – 0 0 3 1.5
2016
Semester – 1 &2 HHM Total hours =60
Subject Marks : 100
Code: Internal: 60 External: 40
RER-309
Objectives
To improve the students will have to conduct a real event
Subject Outcome
1 Students to learn all aspects conducting an event
2 Students to learn about planning to execution to evaluation
3 Students will be learning to apply all studied subjects in to real life
STUDENTS ARE TO DECIDE ON CONDUCTING AN EVENT INSIDE THE UNIVERSITY FROM INTITIAL
STAGE UNDER THE GUIDANCE OF THE SUBJECT COORDINATOR.
(1) What local issue has your team identified as the focus of your campaign?
(2) What primary and/or secondary research data have you gathered relevant to this local issue to support your
campaign concept?
(3) Who is the primary target audience within your local community/region? Provide specific details and
descriptors of the ideal candidate to discover your campaign.
(4) What is the key message you want to communicate to your target audience, and what slogan will you use to
effectively convey this message? How will this messaging appeal to your target audience?
(5) Provide a list of tactics you will use to reach your target audience and describe how they support your
overall, integrated campaign strategy:
(6) How will your campaign impact, help or change your local community? Please clearly define what success
looks like, and outline the benchmarks you plan to use to demonstrate the success of your campaign
strategy:
Submission of event
4 24/08/19
update/Programme 28/09/19
Documentation 45
Total 60
Element 2 Presentation 10
Element 3 Viva 20
Total 40
1 Purpose of Project
1.1 The project is intended to serve the student develop the ability to apply multi-disciplinary
concepts, tools and Techniques to deal with the operational problems related to core areas of the
Event, tourism and hospitality industry
3 Project Supervision
3.1 Each project shall be guided by a supervisor duly Appointed by the academic coordinator
6 Project Submissions
6.1 final draft of the project should be submitted in Computer-typed and bound form, in the
department after being duly certified by the guide
Entrepreneurship Project
6 Project Submission
6.1 final draft of the project should be submitted in Computer-typed and bound form, in the
department after being duly certified by the guide
Submission of Business
3 03/08/19
Canvassing 10/08/19
Business Idea 5
Project Proposal Business Canvassing &
Filled Questionnaires 10
Business Plan
Documentation
Documentation 45
Total 60
Element 2 Presentation 10
Element 3 Viva 20
Total 40
Documentation of Project Report
Guidelines to be followed
The length of the project should be about 60 to 70 pages
It should be printed on one side.
Times new Roman font with font size 12 is to be used.
All next should be justified with 1.5 text spacing.
After the title page,
One page each of certificate from the institution where project was completed if applicable,
Declaration by the student,
Certificate by the guide and acknowledgement should follow.
Then it should be pages with table of contents and if needed there should be pages with list of
tables and list of figures
Referencing in APA format
Introduction of start-up
Executive Summary
Business Strategy
Organization Summary
Project Description
A brief description of the project must be stated and must give details about the following:
Target of production,
Area required
Power requirements,
Fuel requirements,
Water requirements,
Production process,
Marketing Plan
Type of customers,
Target markets,
Nature of market,
Market segmentation,
Sales objectives,
Demand for the product in the local, national and the global market,
Source of Finance
Management Plan
Financial Aspects
Revenue Generation (Cash flow & Income projection for first 3 years)
Return of Investment
Technical Aspects
Technology requirement
Capacity of Machinery
Production Process
Pollution Control
Benefit to society
Economic Advantage
Project Implementation
Timetable for the activities of project from establishing the enterprise to completion
1.1 Introduction
Event management is the application of project management to the
creation and development of festivals, events and conferences.
Event management involves studying the intricacies of the brand,
identifying the target audience, devising the event concept, planning
the logistics and coordinating the technical aspects before actually
launching the event. Post-event analysis and ensuring a return on
investment have become significant drivers for the event industry.
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“An event is something that happens, not just exists - somebody has
to make it happen. Successful events only come about through
action, some individual or group of individuals getting things done."
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the international rock group Led Zepplin would be a music – based
event. Typically, for a live entertainment event, there is more than
one sponsor as well as entry fee for the audience. This category of
events, although small, is growing rapidly in size and popularity.
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Types of events
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To constantly
innovate, imagine and inspire to exceed client expectations.
Vision
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Client list
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2.2 Services
Corporate Events
The experience we have accumulated over the years prepares us to
meet all your expectations in the corporate event management
spectrum. Our formidable team is armed with a bevy of ideas that
will match any budget. We ensure smooth working from start to end.
Our team will competently resolve everything from slight glitches to
complex conundrums. A sales‟ team meet, an award ceremony or an
HR initiative – we will do it all.
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HR Initiatives
Our regular work with HR departments of our clients depicts the
depth of the relationship we form with them. We are able to
organize a variety of activities for employees: team building
exercises, leadership enhancement training, and even activities that
provide the necessary platforms to increase interaction between the
different levels of workforce in an organization. We also manage
events that incentivize and reward well-performing employees.
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The Wedding
The Wedding Co. is a passionate team of wedding designers based in
Mumbai. Our success has been established by the extremely
personal service we provide to our clients. Our well-developed
resource network helps us provide our clients with specialized
solutions after gaining a comprehensive understanding of what their
expectations are. For the perfect wedding, and an absolute peace of
mind, call The Wedding Co. – Mumbai‟s premium wedding planners
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Entertainment Services
Another aspect of an event – premium entertainment services – is
also something we manage. Within the corporate segment of
entertainment, events range from executive retreats and incentive
programs to appreciation events and award ceremonies. Pegasus
Events takes pride in having the proficiency to organize all kinds of
entertainment – shows, parties, celebrations etc. – where the
objective is for everyone involved to have a fabulous time .
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More than 200 companies have forayed into events. The early 90s
has seen events spend at a mere 20 crores but now it has increased
to over 500 crores. Growth is therefore 400% annually. The FICCI
(Federation of Indian Chambers of Commerce & Industry) had
estimated event management to be a 3500 crore industry by 2009.
But surprisingly, research showed that there was no formalized
education to teach event management and Companies found their
executives not up to the mark to handle events. It was not so easy to
train because event management includes organizational skills,
technical knowledge, P.R., marketing, advertising, catering, logistics,
decor, glamour identity, human relations, study of law and licenses,
risk managements, budgeting, study of allied like television and other
media and several other areas.
More than 150 event management companies from all across the
country along with speakers like Ekta Kapoor, Indian TV and Film
Producer and Joint Managing Director and Creative Director of Balaji
Telefilms; Ranjivjit Singh, CMO, PPS, HP India; Amit Tiwari, Director,
Country Head Media, Phillips India, among others, participated in the
event. Subjects like „The changes in the industry so far and the
essential changes to be done in future‟; „Creating harmony
together‟; „Mantras to success‟; „Looking at the key areas for
change‟, „Awakening the internal motivation to make the change
happen‟ were discussed.
Commenting on the growth of the industry, Brian Tellis, President –
EEMA India, said, “The business has shown an unswerving growth
pattern, with 20 per cent increase during the last two years. And I
look forward to a more strengthened position with the help from
regulatory bodies.”
Sharing his views on the subject, Ashish Pherwani, Partner &
Segment Champion – events, Ernst & Young said, “Over the past few
years, the industry has grown considerably and through this paper,
we have endeavoured to capture the trends and challenges that this
dynamic industry faces.”
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Pherwani said that the industry‟s growth will be driven by
development of IP, sports properties, digital activation and rural
properties. In fact, industry leaders are of the opinion that growth
will be driven by development in these areas, which target rural
audiences in consideration with increased spends in tier 2 and tier 3
cities. Marketers plan to increase the proportion of their BTL spends
from 17.8 per cent today to 19.6 per cent by 2013–14. “The
organized portion of this industry is poised to increase as
advertisers‟ increase their below-the-line spends over the next two
years, build communities and amplify the customer experiences they
create,” Pherwani added.
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External financing may come from: Fees: From the participants and
attendees in the event. It is calculated in a first draft taking as a
reference a previous edition of the event or a similar one in order to
foresee the income and know the fees to charge. Moreover, it is
necessary to know the contribution from institutions, however rough
the estimative may be, before the final fees are set. Fees tend to
cover 50% of the total cost of the event.
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When the contribution is in kind, the costs in the examples above will
be covered. For example, the town council will pay for the expenses
of the venue hire directly or a private sponsor will cover the
travelling expenses paying themselves the tickets they accepted to
contribute with. Private sponsors may be: Associations: legal entities
made up by partners with the same purpose who pay a membership
fee periodically with which to support this type of events.
Federations: Associations as a whole. Companies: They finance
events in order to become well known in the short term. They
usually exchange their economic support for the chance to appear in
the events appearing in the media. Charities: These are non-profit
legal entities which may have commercial activities devoting part of
the benefits to support cultural, social or environmental activities.
Sponsors: They offer support, either in kind or in cash, in a long term
consideration. The sponsors
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1. ZONE WISE
2. INDUSTRY WISE
Interpretation:
Blue portion represents and the red portion represents wedding
clients For Pegasus 90% clients are connected with corporate and
10% are common clients for wedding Thus it is very clear that
Pegasus Events are prone towards corporate events
90%
10%
corporate clients
wedding clients
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3.1Event process
Event Planning The first and foremost thing to do while planning an
event is to know about the client's expectations. When a client first
approaches you for assigning a task, sit with him and find out what
he wants and how he wants it. Keep in mind the fact that the client
has a very hazy idea of what he wants. He expects you to change that
hazy idea into a reality. So you first need to strike a good rapport
with him. Once you know his expectations you can start giving your
inputs. Since you are a professional event planner he is bound to
believe that you have a better knowledge about these things and will
respect your judgment. Key Factors in Planning an Event Check the
feasibility
Is the event a good idea
Are we in the right community
Who would be the spectators
About the venue
About the media of advertising
Fund stream
Timing Full time should be devoted to implementation of plans.
Make sure your event does not clash with other events. The
Organizing Committee It should comprise of experts in the following
streams: Financial Determine the sources of revenue
Expected level of expenditure
Time gap of expenditure and revenue
Establish a system of financial accounting and control
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EVENT
REACH LIVE INTERACTION
Right Communication from the client
WITH
Live Audience
CREATES
Desired Impact
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MATCH THE EVENT TO YOUR MARKET Choose the kind of event that
appeals to your target market suits your product‟s image and fits
your marketing objectives. If, for example, you are looking for reach
and you are selling a low cost product with wide general appeal,
sports sponsorship may be the avenue for you. If your product is an
up market one, artistic events could suit you better. If your have a
technical product, science-type sponsorships would be possibilities
and if your main aim is to be seen as a good corporate citizen, put
your sponsorship money into good causes. The Children‟s Hospital,
the Red Cross or the environment, to name three, AIDS research is
another one. The meteoric history of event marketing is based in
sports marketing. In fact, music and arts represents a combined 35
percent of event spending as compared 45 percent for sports-related
events. Event marketing also continues to thrive as traditional
advertising rate skyrocket and, really, fail to provide any guarantee
of reaching a targeted audience. Event marketing provides a cost-
effective approach to making a more hard-hitting, emotional, and
tangible pitch to consumers. It also gives
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companies the opportunity to cross-promote (promote with other
companies that have related products or services), offer sample
products (give-always), and build strong relationship with various
channels of distribution, such as retail outlets. Charities go out of
their way to meet both their own fund-raising needs and the profit
requirements of the firms they team up with. It is a commercial
relationship and the entire better for it. Charities need funds, and
the businesses need promotions, which show their worth in extra
profit
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2. Image Building Over and above the brand identity that a company
encourages, events such as The Great Escape conceived by Mahindra
and Mahindra, exclusively for the owners of their four wheelers, the
Armada, are an attempt to build a specific image of not only the
corporate, but also the product, to let owners experience the thrill of
four wheel driving, M&M charts out an offbeat route that
emphasizes the difference between normal and four wheel driving,
and lets the participant experience the high, one feels when steering
and navigating an Armada. Coke is associated with Olympics since
1928; the rationale behind this is similar values and ideologies:
International peace, brotherhood, standard of excellence and fun.
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THE BUDGET
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0
200
400
600
800
1000
1200
Gateway Greening
experian India conclave
Road show for SA
X axis (events)
Y axis (no of people)
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SITE SELECTION
The beginning point is to know the hotel market and the event
group. The manger must first understand that hotels make a profit
from guestroom sales, not from sales of food and beverages. Once
he realizes that, a series of questions must be explored. He needs to
know the high, low, and
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Along the same lines, look at the hotels ownership structure. A hotel
is part of a chain may be owned and operated by the chain, or may
be franchised, and thus carry the chains name but be owned by a
separate entity. In either situation, a management company, whose
reputation the manager should check, may perform management of
the hotel. Each of the foregoing arrangements is not of itself good or
bad; the manager simply needs to be aware of these structures. For
example, there are hotels operated by management companies
whose standers are higher than the corporate franchise name
implies and vice versa. This is just the tip of the iceberg for the firm‟s
market research.
THE PROSPECTUS Next to use a tired but true phase, is to know the
event group. Roughly, “the event group” includes the company or
organization the event manager is working for, the programs goal
and requirements the budget and the attendees‟ needs or
preferences. The formal document that profiles the event group is
called a “prospectus”. The first section should introduce the
organization and the specific event in general way. While the
introduction should be factual, it may also be considered a
promotional description emphasizing the organizations purpose.
Section II should relate to the events site requirements for this
specific event, to include the number and type of guest rooms, ADA
requirements, preferred rates, dates and pattern, and the manager‟s
moment by moment needs for meeting rooms. This breakdown
should include room setup, anticipated attendance per room, and
any special space eaters, such as projection equipment, screens, or
head tales. In such cases he many indicate his total square footage
requirements as a total number, or per person if higher than normal
allowances are required. This is also the time to specify ceiling
heights, freight access, or any other required features. Be sure to
advise the hotel if commissions are
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to be paid to the firm or not to any third parties, other that the direct
booking event. A simple statement that says rates are either
commissionable or no commissionable will do. A facility should be
able to determine from this section whether it can accommodate the
event group. If the manager has ever repeated the same
requirements over the phone to fifteen different properties, he will
quickly realize the benefit of including site requirements in his
written prospectus. Not only will he ensure that everyone receives
the same information as part of a well thought out plan, he will
ultimately save time and gain well deserved respect for a
professional approach. In section III, describe the firms‟ history,
either regarding this specific event or a similar one. This is the place
to demonstrate that the firm‟s assessment of its group‟s needs is
accurate and that the facility must deliver what the manager is
asking for. Include past cities, properties, and numbers broken down
in every possible way. Especially as related to numbers, the firms‟
history plays an important role. The manager can be sure the hotel
will check the firms‟ past history. Prospective hoteliers will want to
find out about the firms‟ guest/sleeping roommates and pick up, the
events meals counts, firms‟ total master account charges and credit
record and all too often they‟ll elicit a few choice editorial comments
from the prior facilities managers, which may be to his benefit or
disadvantage. The inexperienced coordinator probably has no
knowledge of this underground grapevine. The experienced
coordinator not only knows it exists but controls the information
released. How? By preparing in the contract that any report or data
about the event must be approve prior to release by the hotel,
thereby giving the coordinator an opportunity to adjust any incorrect
or misleading information. The most difficult problems for hotels are
when the firm considers that their sales are generated from
guestrooms. Say for example 300 rooms are requested and no basis
for arriving at that number is given. Hotels either need a history or a
rationale for the requested number of rooms. If the manager wants
it all with no guarantees and no history, he can and should expect to
pay heavy penalties if he fails to meet his confirmed requirements.
Attrition clauses have been added to hotel contracts to hold the
coordinator responsible for lost revenue from unsold rooms. Section
IV is a detailed day by day time and event specification. The hours,
event and location should be itemized for each day of the event
Once the event‟s prospectus is complete, the manager should
review potential hotels, select those that meet his criteria, and send
them a copy, he might even close an R.S.V.P card and ask the hotel
to return it indicating its intent to submit a bid. A three to four week
response deadline should be established.
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The event manger should not forget about the hotels general
manager (GM). The manager can ask the bell or housekeeping staff
who is the GM? and see what comments are volunteered. There are
various approaches to finding out more about the facility. Some
coordinators visit the hotel unannounced, other take a secret tour of
the services areas, and some have private conversations with guest
and in house groups. The key is not so much how the manger
approaches site selection, but that he is thoughtful and thorough.
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4.1 INTERVIEW
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7) Can you make event management simpler for us? Or explain event
management in one word?
Imagination
4.3 CONCLUSION
Event management is a glamorous and exciting profession which
demands a lot of hard work and dynamism. As the name suggests, it
means conceptualizing, planning, organizing and finally executing an
event. The event could be of any type - musical show, concert,
exhibition, product launching etc. This industry is just eight years
old in India, but holds a lot of promise for expansion. It offers
enormous scope for ambitious young people. Event management is
the planning and implementation of events, large and small that
meet the marketing goals of an organization. Event management is
an area that is growing rapidly, and is expected to have a better
growth rate in the next decade. Typical events organized by
professional event managers include product launches, parties,
sponsored events, sporting events, competitions, concerts and
festivals, fundraisers, trade shows, corporate open days, seminars
and tour
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4.4 SUGGESTION
Making a project on event management and that too on Pegasus
events was a great learning experience. But my suggestion for
Pegasus would be that they should diversify their chain and not just
limit it to corporate events because during this project it has been
noticed that people nowadays tends to spend more on wedding.
4.5 LIMITATIONS
This study limits to one company which partially gives the ideas of
event management however they are covered nicely
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ANNEXURES
BIBLIOGRAPHY
Handbooks of Pegasus Events Magazines Economic Times (
periodical)
WEBLIOGRAPHY
www.eventmanagement.com www.wikipedia.org
www.pegasusevents.in www.showtimesevents.com