Which of the following is a challenge of event management?

Obtaining initial funding for tools and effort required is a significant challenge in event management because it lays the foundation for the resources and technologies necessary to effectively monitor and manage events. Without adequate funding, organizations may struggle to invest in automated tools that streamline the event management process, limit their ability to hire skilled personnel, and hinder the implementation of best practices.

Effective event management relies on reliable software tools for event detection, analysis, and response, which typically require substantial initial investment. Additionally, the ongoing costs associated with maintaining and upgrading these systems can be substantial. When adequate funding is not secured, it can result in inadequate resources, which in turn can lead to unresolved events, increased operational risks, and ultimately affect service delivery to customers.

Strong communication channels, while important, may not be as foundational as securing the necessary funding. Similarly, increasing server space and maintaining customer satisfaction are also crucial aspects of IT management but are more about operational efficiency and service quality than the financial investment needed to ensure the event management function can effectively operate and evolve over time.