After planning for the workshop, the next step will be to make the financial plans needed. This is very important and will help in the determination of the budget that is needed to cover the project. All the costs that will be incurred have got to be listed.

The sources for the funds to cover these costs have also got to be identified. If the company is outsourcing for sponsors to cover the event, this information will have to be documented.

The financial planning will be important in budgeting for expenses such as the hiring of the venues, catering services, conference facilities such as stationery and furniture, broadcasting equipment, transport requirements for the speakers among other costs. The list has to be made to cover all the costs that might be incurred in order to avoid any shortcomings in the finances.

 

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