Marketing Strategies for AIPM’s First Event
AIPM (Australian Institute of Project Management) which is a national body wants to hold its event for a third party company named XYZ as a part of national conference in Sydney for promoting Information Technology professionals. In order to undertake this event, AIPM analyzes some of the market strategies that is required to be utilized for reaching maximum number of people. The marketing strategies that are utilized by AIPM are elaborated below:
Website and electronic communication: AIPM must advertise about the event that is going to take place in Sydney. The advertisement must reflect the purpose, gaols, and objectives of the event. In addition to this, it must also include options like join us as well as share on the website so that the interested person can be able to get involved within the event.
Direct mail: It is needed to print various types of promotional materials and then it is needed to send them to different partners, sponsors as well as AIPM members. It is identified that recipients are generally directed to the website conference for particular information. The direct outs generally include information about the event along with the details of the venue so that the stakeholders of AIPM can be able to enrage with the event.
Publications: Advertisement about the event will be posted by AIPM on newspapers for spreading awareness about the event. It is found that media release about the event will be generally placed within the local newspapers as well as trade publications. In addition to this, posters about the event are placed around so that people can get to know about the event.
Call for papers: Call for papers is considered as a part of marketing strategy that generally involve submission of completed research papers including references, figures as well as appendices.
The event will be held in one of the large well known venue in the central business district of Sydney. The venue mainly comprises of meeting rooms, theatre, and two ball rooms along with number of restaurants.
It is identified that the event AIPM must include the following:
- The event is targeting IT professionals from various individual members as well as from corporate members.
- The organization AIPM expects that 900 delegates must attend the event.
- Present number of sessions that will generally helpful in promoting the project management professionals
- Gala dinner will be organized on the second night of the event
- The event will run for 2 days
- AIPM does not want to make money from the event but the money that is sponsored on the event needed recovery from ticket sales as well as marketing income.
The entire event will run for around 2 days for promoting Information Technology professional by AIPM in context to national conference. The time that is required for the event is reflected below in the table:
Task Name |
Duration |
Start |
Finish |
Final phase |
2 days |
Fri 25-05-18 |
Sat 26-05-18 |
Presentation on the topics |
2 days |
Fri 25-05-18 |
Sat 26-05-18 |
Arrangement for gala diner |
1 day |
Fri 25-05-18 |
Fri 25-05-18 |
AIPM generally envisage 4 number of speakers every day with at least one key note speaker within the event who will generally speak in order to promote Information system professionals. The list of the speakers are provided below:
Website and Electronic Communication
Day 1: Opening plenary: Larry Page, CEO of Alphabet
Day 1: Gala dinner: Shantanu Narayan CEO of Adobe
Day 2: Morning plenary: Satya Nadella, CEO of Microsoft
Day 2: Closing plenary: Sundar Pichai CEO of Google
Description about gala dinner
Theme: “In the Navy”
Venue: Enjoy a night at one of the most renowned venue in Sydney that mainly comprises of Ballroom overlooking the Swan River as well as gorgeous city lights with Sun set.
Guest speaker: Shantanu Narayan CEO of Adobe.
Décor and dress: The décor as well as dress was mainly done with a combination of blue and white inclusive of navy style staging as well as pops. Guests are mainly asked to wear dresses in Navy gear (not compulsorily). Navy band is mainly arranged for the evening.
Topic: Steps for promoting IT professionals
Focus: Project management Awards from AIPM
- Best on budget as well as time related project of the year 2018
Best on the program of project management in the year 2017 - Best national award for promoting IT professionals
- Best book of project management book 2017
The time that is needed to plan, deliver as well as review the project is around 35 days. It is identified the time that is needed for the event is around 2 days whereas the time that is required for other activities of the project is reflected in the below table.
Task Name |
Duration |
Start |
Finish |
Organizing event by AIPM |
35 days |
Tue 17-04-18 |
Fri 01-06-18 |
Project planning phase |
18 days |
Tue 17-04-18 |
Thu 10-05-18 |
Venue selection |
2 days |
Tue 17-04-18 |
Wed 18-04-18 |
Approval from AIPM |
2 days |
Thu 19-04-18 |
Fri 20-04-18 |
Audience identification |
3 days |
Mon 23-04-18 |
Wed 25-04-18 |
Invitation to both members and non-members |
5 days |
Thu 26-04-18 |
Wed 02-05-18 |
List of audiences |
2 days |
Thu 03-05-18 |
Fri 04-05-18 |
Providing invitation card |
4 days |
Mon 07-05-18 |
Thu 10-05-18 |
Milestone 1:Completion of project planning phase |
0 days |
Thu 10-05-18 |
Thu 10-05-18 |
Timeline phase |
9 days |
Fri 11-05-18 |
Wed 23-05-18 |
Arranging for lights and fans |
3 days |
Fri 11-05-18 |
Tue 15-05-18 |
Arranging for presentation system |
3 days |
Wed 16-05-18 |
Fri 18-05-18 |
Parking of transportation |
3 days |
Mon 21-05-18 |
Wed 23-05-18 |
Milestone 2: Completion of timeline phase |
0 days |
Wed 23-05-18 |
Wed 23-05-18 |
Final phase |
2 days |
Fri 25-05-18 |
Sat 26-05-18 |
Presentation on the topics |
2 days |
Fri 25-05-18 |
Sat 26-05-18 |
Arrangement for gala diner |
1 day |
Fri 25-05-18 |
Fri 25-05-18 |
Closure phase’ |
6 days |
Sat 26-05-18 |
Fri 01-06-18 |
Post-project review |
3 days |
Mon 28-05-18 |
Wed 30-05-18 |
Stakeholder sign off |
1 day |
Sat 26-05-18 |
Sat 26-05-18 |
Documentation |
2 days |
Thu 31-05-18 |
Fri 01-06-18 |
Milestone 3: Completion of final phase |
0 days |
Sat 26-05-18 |
Sat 26-05-18 |
Risks to be considered and the provision of a detailed risk matrix and how to manage.
Risk |
Description |
Impact |
Probability |
Mitigation |
Improper budget estimation |
If the budget of the project is not properly estimated then number of financial challenges will occur. |
High |
High |
The budget must be estimated after analyzing the market prices so that the estimation will be accurate for the event. |
Improper management |
If the project managers are not able to manage the event properly then the event will not be successful. |
Medium |
Medium |
The project managers must utilize proper management strategies in order to manage the project. |
Inappropriate marketing |
Due to inappropriate marketing, people will not be able to know about the event and as result the number of participants will be less as expectation which will create negative impact on the project. |
High |
High |
Proper marketing strategies must be utilized in the project so that more participants will be involved within the project. |
Lack of experience |
Due to improper experience, the event manager faces difficulty in completing in making proper arrangement for the event. |
High |
Medium |
Proper experienced project managers must be hired so that they can properly able to complete the project work. |
The potential sponsorship arrangements will generally helpful in providing opportunities that are given below:
- Project sponsorship generally helps in supporting AIPM’s objectives
- It generally helps in exposing the organization profile against various people of the industry
- Generally assists sharing knowledge as well as expertise
- Networking as well as helps in establishing relationships
It is identified that AIPM generally engages in It is identified that company does not wants to make money however the organization wants to seek full recovery of the money that is invested through marketing income and ticket selling. The cost structuring for the event is provided below in the table:
Sponsorship type |
Cost |
Advertising packages |
$12,000 |
Ticket pricing |
$20,000 |
Offers from international delegates |
$14,000 |
The cost that is mainly needed for completing the event that is undertaken by AIPM for promoting information technology professional is around $41,968. The budget that is needed for executing each of the project activities are provided below:
Task Name |
Duration |
Resource Names |
Cost |
Organizing event by AIPM |
35 days |
$41,968.00 |
|
Project planning phase |
18 days |
$4,648.00 |
|
Venue selection |
2 days |
Event Manager |
$544.00 |
Approval from AIPM |
2 days |
Project Manager |
$800.00 |
Audience identification |
3 days |
Project Manager |
$1,304.00 |
Invitation to both members and non-members |
5 days |
Event Manager |
$1,360.00 |
List of audiences |
2 days |
Decorator |
$640.00 |
Providing invitation card |
4 days |
Project Sponsor |
$0.00 |
Milestone 1:Completion of project planning phase |
0 days |
$0.00 |
|
Timeline phase |
9 days |
$14,736.00 |
|
Arranging for lights and fans |
3 days |
Decorator, Material cost[1] |
$12,960.00 |
Arranging for presentation system |
3 days |
Event Manager |
$816.00 |
Parking of transportation |
3 days |
Business Consultant |
$960.00 |
Milestone 2: Completion of timeline phase |
0 days |
$0.00 |
|
Final phase |
2 days |
$20,544.00 |
|
Presentation on the topics |
2 days |
Event Manager, Advertisement[1] |
$10,544.00 |
Arrangement for gala diner |
1 day |
Additional cost[1] |
$10,000.00 |
Closure phase’ |
6 days |
$2,040.00 |
|
Post-project review |
3 days |
Food Manager |
$840.00 |
Stakeholder sign off |
1 day |
Project Manager |
$400.00 |
Documentation |
2 days |
Project Manager |
$800.00 |
Milestone 3: Completion of final phase |
0 days |
$0.00 |
The cash flow provision is generally provided below:
Sponsorship types |
Cost ($) |
Available |
Sponsorship target ($) |
Platinum |
2,000 |
1 |
2,000 |
Gold |
1,000 |
1 |
1,000 |
Silver |
2,000 |
1 |
2,000 |
Bronze |
1,000 |
1 |
1,000 |
Dinner |
6,000 |
1 |
6,000 |
Business lounge |
5,000 |
1 |
5,000 |
Delegate Bag |
3,000 |
1 |
3,000 |
Mobile App |
4,000 |
1 |
4,000 |
Internet café |
1,000 |
1 |
1,000 |
Lanyard and name badge |
1,000 |
1 |
1,000 |
Speakers |
3,000 |
1 |
3,000 |
Refresh bar |
2,220 |
1 |
2,220 |
Pens and pads |
400 |
1 |
400 |
Water bottle |
500 |
1 |
500 |
Satchel Inserts |
600 |
1 |
600 |
Advertising |
12,000 |
1 |
12,000 |
Total sponsorship revenue target |
42,240 |
Summary methodology
The event that is organized by AIPM for promoting information technology professionals is mainly delivered in four different phases. It is identified that the initial phase of the project lasts for 18 days in which proper selection of various items as well as resources are done for the project. In the next phase that is the timeline phase, proper arrangement for the event is made so that the AIMP can undertake the event successfully. In the execution phase that generally last for 3 days undertake the event and a gallon dinner party for the participants. In the last phase that is the closure phase, stakeholder sign off as well as documentation on the project is created.
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