Question: When are formative evaluations typically conducted in the context of event management and what do they encompass? Post - event to measure the financial success

When are formative evaluations typically conducted in the context of event management and what do they encompass?
Post-event to measure the financial success and return on investment
During the event to ensure quality control and immediate corrective measures
After the completion of an event to assess long-term impacts and overall value to the community
During feasibility studies and pre-planning, including needs assessments and market research
When are formative evaluations typically conducted in the context of event

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