Singapore University of Social Sciences

Financial and Risk Management for Events

Financial and Risk Management for Events (EMT105)

Synopsis

EMT105 Financial and Risk Management will provide the students an insight to the importance of financial skills required by an event manager. The course aims provide a guide for students to better understand budgeting in an event organisation and operation. Risk identification, risk management strategies and risk response for events will also be covered in this course.

Level: 1
Credit Units: 5
Presentation Pattern: Every July

Topics

  • Financial Terminology
  • Financial Planning and Control
  • Event Finance Planning
  • Preparation and Allocation of Budget
  • Comparing Actual and Budgeted Performance
  • Contractors and Suppliers
  • Feasibility Study for Financial Management
  • Plan Analysis and Risk
  • Types of Risk
  • Risk Assessment
  • Risk Response
  • Risk Management

Learning Outcome

  • Define the key financial terminologies that are applied to events
  • Explain the importance of event financial planning
  • Show the types of risk and risk assessments for events
  • Appraise the profile of contractors and suppliers needed to run a successful event
  • Analyze the budget against actual performance through established evaluation techniques
  • Demonstrate understanding of the different steps to risk response
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