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Event Planning Acronyms
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BEO
Banquet Event Order - A detailed document that provides instructions and timelines for a specific event to a venue.
RFP
Request for Proposal - A document that an organization posts to elicit bids from potential vendors for a project.
AV
Audiovisual - Referring to equipment and services that deal with sound and visual components respectively.
CMP
Certified Meeting Professional - A credential that denotes a standardized level of expertise in the meeting and event planning profession.
CAD
Computer-Aided Design - Software used to create precision drawings or technical illustrations, often used for event space planning.
F&B
Food and Beverage - Refers to the food and drink component of an event or venue.
GM
General Manager - The professional responsible for all operations of a hotel or event facility.
MOU
Memorandum of Understanding - A formal agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities.
GTD
Guaranteed - Refers to the number of servings or seats that an event planner guarantees to pay for, regardless of the actual attendance.
FORCE MAJ
Force Majeure - A provision in contracts that frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God, prevents one or both parties from fulfilling their obligations under the contract.
VIP
Very Important Person - A person who is accorded special privileges due to their status or importance.
EOC
End of Conference - The time when a conference has officially concluded.
RFID
Radio Frequency Identification - A form of wireless communication that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency to identify an object, animal, or person for the purpose of tracking or managing.
SSP
Site Selection Process - The process of determining the best location for an event based on a variety of factors including cost, space requirements, and attendee experience.
DMP
Destination Management Company - A professional services company possessing extensive local knowledge, expertise and resources, specializing in the design and implementation of events, activities, tours, transportation and program logistics.
AGM
Annual General Meeting - A mandatory yearly gathering of a company's interested shareholders that allows stakeholders to receive information about the company's performance and strategy.
CRS
Central Reservation System - A system used by hotels and travel industry that stores and distributes information of a hotel, resort, or other lodging facilities.
ROI
Return on Investment - A financial ratio used to calculate the benefit an investor will receive in relation to their investment cost, often used in evaluating the success of an event.
L&D
Light and Decor - The aspect of event planning that deals with the lighting and decoration set up for an event to enhance the ambiance and aesthetic appeal.
SMM
Strategic Meetings Management - A disciplined approach to managing enterprise-wide meeting and event activities, suppliers and data in order to achieve measurable business objectives that align with the organization’s strategic goals/vision, and deliver value in the form of quantitative savings, risk mitigation and service quality.
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