Dr.Daleep Parimoo

Business Plan  Business plan VideoVideo  Video-2 Video-2  Video-3 Video-3  Video-4 Video-4  Video-5 Video-5  Video-6 Video-6

Project Management- Entrepreneurship  Technical, financial, marketing, Personnel and Managerial preparations for entrepreneurship  Estimating and financing funds requirement  Schemes offered by various commercial banks  Venture capital funding  Managing Growth

Lecture Plan PM- An overview Entrepreneur as a project manager Preparation /resources required for developing an organization-sourcing of people, funds etc. Estimation of the financial requirement Schemes offered by commercial banks How t o approach venture capitalists, what the requirement for venture capital How growth can be sustained in face of stiff competition. Visual aids : video on how business plan is prepared to be screened Cases and Home work for students : Preparation of Business Plan and its implementation-Case to be given to students)

What Is a Project?  A project is “a temporary endeavor undertaken to create a unique product, service, or result.”  Operations is work done to sustain the business.  A project ends when its objectives have been reached, or the project has been terminated.  Projects can be large or small and take a short or long time to complete. 5 *PMI, A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (2004), p. 5.

What is Project Management? Project management is “the application of knowledge, skills, tools and techniques to project activities to meet project requirements.”* 6 *PMI, A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (2004), p. 8.

The Triple Constraint  Every project is constrained in different ways by its:  Scope goals: What work will be done?  Time goals: How long should it take to complete?  Cost goals: What should it cost?  It is the project manager’s duty to balance these three often-competing goals. 7

. Project Management Framework Information Technology Project Management, Fourth Edition 8

The Triple Constraint of Project Management Information Technology Project Management, Fourth Edition 9 Successful project management means meeting all three goals (scope, time, and cost) – and satisfying the project’s sponsor !

Entrepreneur as a PM Is an entrepreneur a truly Project Manager? Discussion YES SIMPLY BECAUSE HE /SHE UNDERTAKES A ENTREPRENEURIAL PROJECT, WHICH HAS TO BE TIME BOUND IN INITIAL STAGES WHILE SETTING UP A VENTURE, IT HAS TO UNDERGO ALL THE STAGES WHICH A PROJECT HAS TO GO

SEVEN KEYS TO SHAPING THE ENTREPRENEURIAL ORGANIZATION Kauffman has given seven keys to shape the entrepreneurial organization HIRE SELF-MOTIVATED PEOPLE HELP EACH OTHER, BE SUCCESSFUL CREATE CLARITY IN THE ORGANIZATION – CLARITY OF PURPOSE, DIRECTION,STRUCTURE, AND MEASUREMENT DETERMINE AND COMMUNICATE YOUR OWN VALUES AND PHILOSOPHIES PROVIDE APPROPRIATE REWARD SYSTEMS CREATE AN EXPERIMENTAL, LEARNING ATTITUDE CELEBRATE YOUR VICTORIES !

RESOURCES

Human resources MANPOWER Estimation of manpower requirement Inventory of the skills required Competitors {} Technology providers {} initial stages Open market from the organizations dealing in similar kind of products/services Talent from different industry Raw talent Developing the talent within the organization

finances FINANCESFINANCES Estimation of financial requirement with time frame Financial Model Break-even Analysis Promoters Financial Institutions- including Banks Venture capitalists

technology Technology required Technology providers Type of technology required Cost of the technology Transfer of technology Time frame