Triangle model shows constraints of project management since 1950s. Quality constrained by budget, deadlines and scope. Project manager can trade between constraints. Changes in one constraint require changes in others
Event Managers plan, coordinate, and execute various events from conferences to festivals. They manage logistics, budgets, and stakeholder relationships throughout event lifecycle. Entry-level managers focus on administrative tasks, mid-level managers lead teams. Senior managers handle strategic planning and business development
Attend live performances, concerts, or comedy shows. Visit amusement parks, escape rooms, or bookstores. Go swimming, bowling, or karaoke. Take a spa day or get a makeover
Budget is an estimation of revenue and expenses for a specific future period. Budgeting occurs on an ongoing basis with regular re-evaluation. Budgeting can be used by governments, businesses, and individuals of any income level
Event managers oversee event creation from concept to evaluation. They coordinate vendors, manage budgets, and ensure smooth execution. They develop strategies, manage teams, and coordinate marketing efforts. They negotiate contracts and engage clients to understand their needs
After-tax income should be divided into 50% needs, 30% wants, and 20% savings. Rule was popularized by Sen. Elizabeth Warren in her book. Americans have average savings rate of just 3.4% as of June 2024