PROJECT MANAGEMENT NOTES FOR ENGINEERING STUDENTS

PROJECT MANAGEMENT NOTES

1. Entrepreneurship and characteristics
Entrepreneurship need and scope
Entrepreneur vs Entrepreneurship
Factor affecting Entrepreneurial development
McCelland's achievement motivation theory
Entrepreneur vs Intrapreneur
Types of Entrepreneurs
Phases of EDPs
Types of EDPs launched by government
Topics to be covered...
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2. EIOV
Entrepreneurship
and characteristics
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3. EIOV
Entrepreneurship
Entrepreneurship is the process of developing, organizing, and running a new business to
generate profit while taking on financial risk.
Entrepreneurship means self employment, which comes with the ability to set your own
schedule and work where you want.
Entrepreneurship is the process of designing and running a new business venture for
earning profits.
A person who develops new business and undertakes all risks and challenges associated
with it is termed as Entrepreneur.
Entrepreneurship results in creativity, innovation, employment opportunities and leads to
the overall economic development of the country.
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Characteristics
Ability to Take Risk
Visionary
Open Minded
Goal Oriented
Flexible
Confident and Well Informed
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5. EIOV
Entrepreneurship
need and scope
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6. EIOV
Entrepreneurship need
Entrepreneurship and innovation help individuals become independent and channel their
creativity into creating something of their own in this competitive world.
Passion
Big Dreamer
Learning
Good Listener
Financing Partner
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Entrepreneurship scope
It Provides jobs for society.
Solution for society.
Provides opportunities to improve the new business sectors.
Entrepreneurial movements in the agricultural sector.
Service Sector
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Entrepreneur vs
Entrepreneurship
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9. EIOV
Entrepreneur vs Entrepreneurship
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10. EIOV
Factor affecting
Entrepreneurial development
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11. EIOV
Factor affecting Entrepreneurial development
Economic factors
Capital
Labour
Raw materials
Non-economic factors
Social Mobility
Marginality
Security
Psychological factors
Need Achievement
Withdrawal of Status Respect
Governmental Actions
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12. EIOV
McCelland's achievement
motivation theory
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14. EIOV
McCelland's achievement motivation theory
David McClelland's Human Motivation Theory allows you to identify people's motivating
drivers. This can then help you to give praise and feedback effectively, assign them suitable
tasks, and keep them motivated.
Three Types of Motivation
Achievement motivation (n-ach)
Authority/power motivation (n-pow)
Affiliation motivation (n-affil)
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McCelland's achievement motivation theory
Achievement motivation (n-ach)
The n-ach person is 'achievement motivated' and therefore seeks achievement,
attainment of realistic but challenging goals, and advancement in the job.
There is a strong need for feedback as to achievement and progress and a need for a
sense of accomplishment.
Authority/power motivation (n-pow)
The n-pow person is 'authority motivated'. This driver produces a need to be influential,
effective and to make an impact.
There is a strong need to lead and for their ideas to prevail.
There is also motivation and a need towards increasing personal status and prestige.
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16. EIOV
McCelland's achievement motivation theory
The Need for Affiliation (n-affil)
The n-affil person is 'affiliation motivated', has a need for friendly relationships and is
motivated towards interaction with other people.
The affiliation driver produces motivation and needs to be liked and held in popular
regard.
These people are team players.
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17. EIOV
Entrepreneur vs Intrapreneur
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18. EIOV
Entrepreneur vs Intrapreneur
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19. EIOV
Types of
Entrepreneurs
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20. EIOV
Types of Entrepreneurs
Innovative Entrepreneurs: This type of an entrepreneur is more interested in introducing
some new ideas into the market, organization or in the nation. They are drawn towards
innovations and invest a lot of time and wealth in doing research and development.
Imitating Entrepreneurs: These are often disparagingly referred to as ‗copy cats‘. They
observe an existing successful system and replicate it in a manner where all the deficiencies
of the original business model are addressed and all its efficiencies are retained. These
entrepreneurs help to improve an existing product or production process and can offer
suggestions to enhance the use of better technology.
Fabian Entrepreneurs: These are entrepreneurs that are very careful in their approaches
and cautious in adopting any changes. They are not prone to sudden decisions and try to
shy away from any innovations or change that doesn‘t fit their narrative.
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Types of Entrepreneurs
Drone Entrepreneurs: These are entrepreneurs who do not like a change. They are
considered as ‗old school‘. They want to do business in their own traditional or orthodox
methods of production and systems. Such people attach pride and tradition to even
outdated methods of doing business.
Classic entrepreneurs: The so-called "classic" entrepreneur is someone who observes a
gap in the market or takes note of a business or consumer need, and develops a company
that addresses the deficit or the need. In some cases, the entrepreneur may also be an
inventor, although some classic entrepreneurs will team up with someone who has invented
a product.
Serial entrepreneurs: A serial entrepreneur enjoys getting businesses started, and then
sells the business to another person or company. This type of entrepreneur is typically
somebody who is excited about starting something new and taking risks.
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22. EIOV
Phases of EDPs
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23. EIOV
Entrepreneurial Development Programmes
Entrepreneurial Development Programmes(EDP):
As the term itself denotes, EDP is a programme meant to develop entrepreneurial
abilities among the people. In other words, it refers to inculcation, development, and
polishing of entrepreneurial skills into a person needed to establish and successfully run
his / her enterprise.
Objectives of EDP:
Analyse environmental set up
Select the product
Formulate proposal for the product
Know the pros and cons in becoming an entrepreneur
Enable him / her to take decisions
Enable to communicate clearly and effectively
Develop a broad vision about the business
Develop passion for integrity and honesty
Make him learn compliance with law
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24. EIOV
Phases of EDPs
Pre-Training Phase:
Identification of suitable location where the operations can be initiated like a district.
Selection of an individual as a course coordinator or project leader to coordinate the
EDP activities.
Organisation of basic infrastructural facilities related to the programme.
Conducting the environmental scanning or industrial survey in order to look for better
business opportunities.
Developing various plans associated with the programme.
Looking for the assistance of various agencies such as DICs, banks, SISI, NSIC, DM and
so on.
Conducting industrial motivational campaigns to increase the number of applications.
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25. EIOV
Phases of EDPs
Training Phase:
The main function of any EDP is to impart training to future entrepreneurs and guiding
them for establishing the enterprise.
The normal duration of the entrepreneurship development programme is 4-6 weeks and
it is usually a full time course.
The objectives, training inputs and the centre of focus are explained in the programme
design. Commonly, it is considered that the trainees do not have enough information
about the change because of which new programme is prepared.
Each trainee should appraise himself at the termination of the training programme to
have a clear view about his/her future endeavours.
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26. EIOV
Phases of EDPs
Post-Training Phase:
In this phase, the candidates who have completed their programme successfully are
provided post-training assistance.
This phase is very important as after the completion of training programme, most of the
entrepreneurs face a lot of hardship in the business plan implementation.
Thus, with the help of various counselling sessions, the training organisations try to
extend their support to trainees.
Mentioned goals :
To assist trainees in a meaningful manner so that trainees can realize their business
plan.
To analyse the development made by trainees in the project implementation.
To evaluate the post-training approach.
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27. EIOV
Types of EDPs launched by
government
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28. EIOV
Types of EDPs launched by government
Startup India
Atal Innovation Mission
Support to training and employment programme for women(STEP)
National skill development mission
Pradhan Mantri Kaushal Vikash Yojana(PMKVY)
Trade Related Entrepreneurship Assistance and Development
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29. EIOV
Happy Ending!
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