Acronyms
___ Management
Contracts
100
A bidding document that details services needed from a provider
What is RFP?
100
This portion of meeting planning was noted to take up a large percentage of team time
What are Contracts?
100
A clause detailing what happens if an act of God (such as, but not limited to, fires, explosions, earthquakes, drought, tidal waves and floods) occurs
What is force majeure?
200
KPI for short
What is key performance indicators?
200
Is external or internal management of higher concern to meeting planners and why?
What is External ...
200
Name three elements of a basic contract
What is Name of parties in agreement Status of signatory party Date contract issued Date signed contract to be returned Detailed list of items and services being rendered Details of fees and charges Payment schedule Cancellation schedule and potential penalties All legal clauses (force majeure, damages, indemnification, liabilities, legal requirements, dispute resolution, etc.)
300
SWOT for short
Strengths, Weaknesses, Opportunities, Threats
300
In Risk Management, name one thing you can do with a potential risk?
What is Absorb the risk Mitigate the damage Avoid the risk
300
The section where your comp/VIP room policy would be found
What is Sleeping Rooms?
400
A way to capture regular updates concerning event progress
What is PSR or Project Status Report?
400
A consideration for global choices in supply chain management:
the more global, the more intermediaries between your company and the original supplier, the less you know about the quality of that component.
400
The section where a minimum attendance would be specified
What is Food and Beverage
500
Snapshot of project scope and scale, forms basis for estimating, scheduling, executing, monitoring, and controlling project work
What is WBS or Work Breakdown Structure
500
Reimbursement guidelines would be found in this category of project management
What is Procurement Management
500
One party agrees to protect a party from lawsuit by a third party
What is Indemnification?
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