Music Company

As a company specialising in the special events, Woods Ltd have recently been approached to provide a proposed one off event for a major music company. The proposed event is for a pop music concert. Woods Ltd have employed me as a consultant to manage this one off special project. So, this report will outline the activities required from project management aspect, successfully manage this project and ensuring that it is on time and within budget.

Before the implementation of any project, the project manager needs to understand the implementation of the project and its social significance, and analyse if the implementation of the project can receive necessary technical support. Secondly, the project manager not only has to make a careful estimation on the project investment, but also make financing programs and plans for the use of funds. Thirdly, the project manager has to make analysis of the economic benefits the project may yield, estimate the investment and the income, and provide dynamic analysis regarding financial internal rate of return, payback period, profit and tax ratio, financial net present value and other indicators (Gann & Salter, 2000). For the concert Woods Ltd company is to hold, investment feasibility analysis on it should always be carried out in priority. Project managers on one hand need to conduct a detailed analysis on the necessary investment funds and potential gains of the concert, so as to determine the necessity for holding the event; on the other hand, the manager has to develop a viable financing plan and predict how long the funds invested can yield profits to achieve the goal of the concert.

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