Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Conferences are official congregations arranged by organizations for displaying their products/ services or making some major announcements regarding their operations.
At some other times, these discussions can take the shape of consultation meets that make it possible to exchange views and come up with solutions to pressing problems.
However, the fact that these meetings have to be very structured and formatted in their proceedings makes it necessary for participants to have done sufficient back-ground work. The facts and statements should be well compiled and presented so as to make it visible to the listeners.
These assemblies should be conducted in such a manner that the task gets over well within the time and cost frame.
Successful winding up of the exhibitions therefore demands binding the involved aspects by a common thread. This invisible cord is often a 1990s concept called 'BSC' i.e. Balanced Scorecard. The utility lies in framing metrics and indicators that are suited to the performance gauging of the conference in practically any number of direction, the major ones being Financial, Planning, Information management and Brand Building. One can track the growth being experienced by comparing the actual and target values on regular basis.
This is the actual scorecard with Conference Performance Indicators and performance indicators. The performance indicators include: conference kpi, financial perspective, cost per attendee, lodging: total cost ratio, actual number of attendees: expected attendees ratio, amount spent on publicity: budget, planning perspective, number of back-up plans, space: people ratio, % extension possible in budget, number of informative-means shared, logistics perspective, number of ways to communicate, ways to register, ways to monitor schedule, number of means for entertainment, brand building perspective, number of known personalities hired, hours spent in publicity, % of attendees that participated in follow-up, time spent in press release.
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