Project Management Model for Entrepreneurs

© 2008-2013 SUKAD

Project Management Model for Entrepreneurs

Mounir A. Ajam

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© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs

Regional RealityUnemployment among youth is high and growing to critical levelsGlobally, entrepreneurs + SME are major contributor to economic growth and employmentMany in the region recognize this and are promoting concept of entrepreneurship

but there are challenges and risks

http://www.sukad.com/

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The ChallengesEntrepreneurship is becoming a trend and being an entrepreneur is cool; in the current environment Not everyone has the character and personal traits to be an entrepreneurThe entrepreneurship ecosystem is still highly immature across the regionSuccess require more than passion or ideas


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The RisksFailures --- which is fine, as a way to learn, but can be demoralizing

Especially in our culture that ‘shame’ failure

North America stats: 1 in 5 (or 10) new businesses survive beyond 5 years!How to minimize threats and maximize opportunities to enhance the chance of success?Proper business planning – but is it enough?


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New Idea = Venture = ProjectEvery new idea of a business, or even NGO, can lead to being a project

BEFORE Operations!

A project is what we need from idea to start-up (opening our doors to provide services)

BEGIN Operations!

Once we are operational; we need projects To develop new products or grow the business


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Product life cycle

From PMP Exam Prep Study Guide – Rita Mulcahy


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Project Life Span “Cycle”

IdeaInitial

Decision TransitionFinal

Accept

Intermediate Phases

Pre-Project

Final

Phase 1 Phase 2 Phase n

Project Life Cycle

Study

Start-up or Commission


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The Stage Gate ProcessProjects phases/stages typically include gates at the end of the phase/stageA Gate is a “decision point”The number of gates varies


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Importance of stage gates


http://dilbert.com/strips/

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Close

Initial Ops

The SUKAD CAM2PTM ModelId

ea

Studies Detailed Planning

PDP

Han

dove

r

PAD

Acce

pt.

Basic Req’ts

PM Planning

PM P

lan

BR

D

1

FS

2 43 5

Project Implementation

6

8

7

CO

R

Concept Development Project Delivery

Pre-Launch Definition Implementation

Operation Readiness

CloseLaunch

FS: Feasibility StudyPAD: Project Authorization DocumentBRD: Basic Requirements Document

PDP: Project Detailed PlanOps: OperationCOR: Close Out Report


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The SUKAD CAM2PTM Model


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Project vs. Business PlanUsually the focus from Business Schools is on

business planning. Which put more emphasis on the

operation and management!

We need a proper feasibility study that blend the business

focus with project management focus; taking the

venture from idea to operation smoothly!


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Requirements

Once we determine feasibility (sound idea and we can actually implement

successfully) it is time to define all the requirements

(technical, business, management …) to help us

focus our project and deliver the business’


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Project Management Plan

With the requirements defined AND stakeholders aligned … we establish a

Project Management Plan!

The PM Plan purpose is to develop a proper plan, which will allow for the

smooth implementation … and … operation readiness!


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Implementation

Focus is on the BORING stuff; office, licenses,

staffing …

and

The critical stuff: $


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Operation readiness

Operation readiness is critical, which include

establishing IT and telecom for the business, marketing,

proper HR policies, recruiting, training …


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References from our writings10 Entrepreneurship Myths and Thoughts from Entrepreneurship Summit

http://blog.sukad.com/20121214/10-entrepreneurship-myths-and-thoughts/

Is project management the missing link for entrepreneurship?

http://blog.sukad.com/20121217/is-project-management-the-missing-link-for-entrepreneurship/

A project management model for launching a businesshttp://blog.sukad.com/20121219/a-project-management-model-for-launching-a-business/


http://blog.sukad.com/20121214/10-entrepreneurship-myths-and-thoughts/

http://blog.sukad.com/20121217/is-project-management-the-missing-link-for-entrepreneurship/

http://blog.sukad.com/20121219/a-project-management-model-for-launching-a-business/

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SUKAD contact informationMain Website: http://www.sukad.com

Learning Division: http://learning.sukad.com

Solutions Division: http://solutions.sukad.com

Knowledge Portal: http://knowledge.sukad.com

English Blog: http://blog.sukad.com

Arabic Blog: http://blog-ar.sukad.com

SUKAD main email: [email protected]



http://learning.sukad.com/

http://solutions.sukad.com/

http://knowledge.sukad.com/

http://blog.sukad.com/

http://blog-ar.sukad.com/

mailto:[email protected]

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SUKAD social mediaFacebook

Page: http://www.facebook.com/SUKADgroup

Group: https://www.facebook.com/groups/sukad/

Twitter: http://twitter.com/SUKADgroup

YouTube: http://www.youtube.com/user/SUKADipms

LinkedIn:Page: http://www.linkedin.com/company/sukad

Group: http://www.linkedin.com/groups/SUKAD-Group-Integrated-Project-Management


http://www.facebook.com/SUKADgroup

https://www.facebook.com/groups/sukad/

http://twitter.com/SUKADgroup

http://www.youtube.com/user/SUKADipms

http://www.linkedin.com/company/sukad

http://www.linkedin.com/groups/SUKAD-Group-Integrated-Project-Management

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From Facebook yesterday morning


© 2008-2013 SUKAD

Thank You

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Refer to access information on PM Knowledge Portal

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Project Management Model for Entrepreneurs

Education

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