Budgeting is essential in event planning, regardless of the industry or occasion. It involves setting goals, estimating costs, identifying potential income sources, and tracking expenses before, during, and after the event. A well-structured budget includes revenue, expenditures, estimated vs. actual costs, and key financial metrics. Effective budgeting helps manage spending, measure ... https://www.hospitalitybusinessreview.com/news/the-necessity-of-budgeting-in-event-management-nwid-131.html