In: Finance
Working on a project for a PM class and trying to come up with some numbers to include in my project for math/budgeting. Is it possible to find ROI on a simple birthday party ? If the overall budget for the party per the client is 9000$, what sorts of numbers can be generated ? Planning is in a 6 week time frame and this is being planned by an ' event company ' that is fictional, so any additional numbers are open to imagination.
Below are my assumptions for the ROI calculation
Assumptions | |
No of guests | 50 |
Cost of food/ guest | 30 |
Cost of liquor/ guest | 30 |
Total cost( Food + Liqour) | 3000 |
Cost of cake | 350 |
Cost of venue | 1000 |
Cost of decoration | 300 |
Cost of DJ | 500 |
Cost of Photographer | 300 |
Total cost (ex. Food & Liquor) | 2450 |
Total Cost | 5450 |
Profit | 3550 |
ROI | 39% |