HTT 607 Lecture Notes - Lecture 7: Critical Path Method, Fixed Cost, Contingent Fee

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTT 607
• Professor: Judy Healy

Document Summary

Week 7 stage 3: designing the event: request for proposal, research. Need to anticipate different scenarios and the effects they will have on your time, resources and capabilities. Still (like a at fee) need to estimate number of hours x set rate. Ie: costs are therefore planner fee would be (15%) total event expense charge to client . Percentage of costs and flat fee (combinations are allowed): Worst case scenario: 3 unchanging elements time, money, resources, contingency fee adding in more money for what if situations (ie: weather) Add it at the top to the fc ie: # of people = (fc+pe)/(tc-vc) No, the only time it would affect me is for labour fees: to share vs not to share con dential document. Approach sponsors (new and current) to secure their support. Begin soliciting donations for your silent auction.