Dr.Daleep Parimoo

Business Plan

Business plan Video Video-2 Video-3 Video-4 Video-5 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.

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*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.”*

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*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.

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. Project Management Framework

Information Technology Project Management, Fourth Edition 8

The Triple Constraint of Project Management

Information Technology Project Management, Fourth Edition

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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 SHAPINGTHE 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!

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

FINANCES Estimation of financial requirement

with time frame Financial ModelBreak-even Analysis

PromotersFinancial Institutions- including BanksVenture capitalists

technology

Technology required

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