When answering this question, emphasize your experience and strategies in managing budgets and controlling costs for banquet events. Highlight specific examples where you successfully managed expenses while maintaining high-quality service. Discuss tools or software you use for budgeting, any negotiation tactics with vendors, and how you monitor expenses throughout the event planning and execution stages. For example:
"In my previous role, I used XYZ software to create detailed budgets for each event. I always start by understanding the client's budget and expectations. I negotiate with vendors to get the best prices without compromising on quality. During the event, I closely monitor all expenses and make adjustments as needed to stay within budget. For instance, at a recent wedding banquet, I managed to save 15% on the floral arrangements by negotiating a bulk discount with the florist, which allowed us to allocate more funds towards enhancing the guest experience."
Stand out from the crowd with video applications! Make your video applications in minutes and show the real you.