Part B:
Conduct a discussion session with three (3) stakeholders (Finance manager, Food and beverage manager, event committee chair) to obtain input on the possible budget items. Instructor and two (2) students will act as the stakeholders for the meeting. If there are insufficient student numbers, the trainer will assume multiple roles.
Share the information on the type of budget, external and internal factors affecting the budget and obtain input on the ideas and/or any concerns/missing areas to cover in the budget.
Gather the following input from the stakeholders:
Finance manager: Key performance indictors to be used in budget to measure its performance.
Food and beverage manager: How to account for significant price movements for certain commodities, if any.
Event committee chair: Objectives to be achieved.
Use the following template to gather the input:
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