Certified Meeting Professional (CMP) Practice Exam

What external factor may influence event feasibility?

1. Venue selection

2. Historical performance

3. Applicable legislation or regulatory requirements

4. Internal budget constraints

The correct answer is: Applicable legislation or regulatory requirements

The influence of applicable legislation or regulatory requirements on event feasibility is significant because these external factors can dictate what can be legally conducted at an event. Laws pertain to safety regulations, permits, accessibility requirements, and even health protocols, all of which must be complied with to ensure a successful event. If the requirements are too stringent or costly, they may affect the overall viability of the event, impacting location choices, event type, and operational practices. While venue selection and historical performance can affect planning and potential success of events, they are more about internal choices and historical data rather than external regulations that need to be followed. Internal budget constraints are also an important consideration but are influenced by internal decisions rather than external conditions. Thus, understanding the context and implications of applicable legislation or regulatory requirements is crucial for assessing event feasibility.