Entrepreneurship Development and Project Management Notes
Subject Overview
Entrepreneurship Development and Project Management builds entrepreneurial competencies and project management skills — the entrepreneurial mindset, women/
Subject at a glance
4
Units
37
Topics
4
Credits
4
Infographics
Unit-wise Syllabus
4 units — open any unit for detailed topic-wise notes, diagrams and important exam questions
- Concept
- characteristics and functions of an entrepreneur
- entrepreneur vs manager
- types of entrepreneurs
- entrepreneurial mindset and readiness
- myths and realities
- entrepreneurship vs intrapreneurship
- women entrepreneurs
- rural and social entrepreneurship
- entrepreneurial support systems and government's role
Entrepreneur
Yes, personally
Independence and opportunity
Manager
No
Salary, efficiency
Intrapreneur
Partly, inside a firm
Innovation within the organisation
Study guide
This unit covers the entrepreneur's concept, characteristics and functions, entrepreneur versus manager, types, mindset, myths, intrapreneurship, women, rural and social entrepreneurship and support systems. Interview a local entrepreneur.
- Entrepreneurial motivation concept and theories
- generating and exploiting new entry opportunities
- risk reduction strategies
- creativity and business idea generation
- sources and methods of generating new ideas
- entrepreneurial innovation
- opportunity recognition and assessment
- product planning and development
- 1
Spot a problem or trend
- 2
Generate ideas
- 3
Screen for fit
Skills, resources
- 4
Assess the market
Size, competition
- 5
Test with customers
- 6
Decide go or no-go
Study guide
You study motivation theories, opportunity recognition, risk reduction, creativity, idea generation, innovation, product planning and development. Screen ideas with a simple scoring grid.
- IPR
- patents
- trademarks
- copyrights
- licensing
- product safety and other legal issues in setting up an organization
- concept and value of a business plan
- writing and implementing the plan
- succession planning and exit strategies
- reasons for business plan and venture failure
Executive summary
Market and competition
Marketing and sales plan
Operations plan
Team and organisation
Financial projections and funding ask
Study guide
You study IPR, patents, trademarks, copyright, licensing, legal issues, business plans, succession and exit and reasons for failure. Write a short business plan.
- Concept
- facets and key issues of project management
- generation and screening of project ideas
- market/technical/financial project analysis
- investment criteria and risk analysis
- project financing including venture capital
- project planning and control
- PERT and CPM network techniques
- post-audit project review
Expected time
te = (a + 4m + b) / 6
Variance
σ² = [(b − a) / 6]²
Total float
LS − ES (or LF − EF)
Critical path
Path with zero float: the longest path
Study guide
You study project management: screening ideas, market, technical and financial analysis, investment criteria, risk, financing including venture capital, planning, PERT, CPM and post-audit. Practise a project appraisal.
Why Entrepreneurship Development and Project Management Matters
Entrepreneurial and project skills help whether you start a venture, join a startup or lead initiatives inside a company.
How to Prepare for Entrepreneurship Development and Project Management
- Prepare a business plan and project appraisal for an idea you care about.
- Practise PERT and CPM problems.
- Learn funding stages from seed to venture capital.
Entrepreneurship Development and Project Management: Frequently Asked Questions
What is a business plan?
A business plan is a document describing a venture's goals, market, strategy, operations and financial projections.