1.1 Background of the Study
Budgeting is a fundamental aspect of event planning, serving as a roadmap for resource allocation, cost control, and financial management. In Kano Municipal Local Government Area, the success of events often hinges on effective budgeting practices. A well-planned budget ensures that resources are utilized efficiently, minimizing financial risks and maximizing event outcomes. According to Ahmed and Sule (2021), budgeting is a critical determinant of event success, influencing factors such as quality, attendee satisfaction, and stakeholder engagement. This study evaluates the impact of budgeting on event success in Kano Municipal LGA, highlighting best practices and common challenges.
1.2 Statement of the Problem
Many events in Kano Municipal LGA face challenges such as cost overruns, inadequate resource allocation, and financial mismanagement, which hinder their success. These issues often stem from poor budgeting practices or lack of financial expertise. This study examines the relationship between budgeting and event success, identifying areas for improvement to enhance the efficiency and effectiveness of event planning.
1.3 Objectives of the Study
1.4 Research Questions
1.5 Research Hypothesis
1.6 Significance of the Study
The study provides valuable insights into the role of budgeting in event planning, offering practical recommendations for event organizers, financial consultants, and stakeholders in Kano Municipal LGA. It emphasizes the importance of financial discipline and strategic planning in achieving successful events.
1.7 Scope and Limitations of the Study
The study focuses on the impact of budgeting on event success within Kano Municipal Local Government Area, Kano State.
1.8 Operational Definition of Terms
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Chapter One: Introduction
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