Punjab College of Technical Education, Ludhiana.Course: Project Management and EntrepreneurshipPaper: MB 402Coach: Ms. Shilpa JainCourse Objective:Entrepreneurship plays a premium role in Industrial Development.Entrepreneurial development is the key to economic development of acountry. With the prevalence of liberalization, privatization and globalization,many small entrepreneurs are venturing to take up the new projects to earntheir livelihood and provide employment to the needy people. When we haveto start with a new project we have to analyze various aspects such as Finance,Market, Technical, Social etc. to check the feasibility of that particularproject. In This course students will basically learn analysis of these variousaspects and how the project reports are prepared.The key guidelines to project planning, analysis, financing, and selection are: • Develop a strategy that leads to sustainable competitive advantage. • Sharpen the ability of the firm to identify promising investment opportunities. • Formulate the project, taking into account the interrelationships among variable aspects. • Establish a hurdle rate that is consistent with the risk exposure of the project. • Calculate the net present value of the project. • Value the options embedded in the project. • Blend judgment with analytical reasoning.Assignment 1: Based on Porter’s Model. Objective is Practical application ofthe concept.Assignment 2: Based on Demand Forecasting. Objective is Practicalapplication of the concept.
Assignment 3: Project Schedule and Resource Planning. Objective is studentswill learn calculation regarding this concept.Assignment 4: Project Planning and Control. This assignment is based on thefull course where the students will use their knowledge about the course andtheir own personal judgments to answer the various questions.MSE’s: 15 MarksPresentation: 5 MarksHourly Test: 10 Marks (2). Every test will have equal weight.Assignment: 6 MarksCase Studies: 4 MarksReference BooksAuthor Title PublisherRajeev Roy Entrepreneurship Oxford UniversityPrasanna Chandra Project: Planning, Analysis Selection, Tata McGraw Hill Financing Implementation & ReviewGido Effective Project Management Cengage LearningTwijandra Tripathi The Concise Oxford History of Indian Oxford University Indian Business
Lectures Content1 Understanding the concept of Entrepreneurship Video: Journey of Sunil Mittal2 Unit 1:Entrepreneurship • Definition • Characteristics and Skills3 Generating and Screening of Business Ideas Video: Interview of Gurbaksh Chahal by Oprah Winfrey4 Government Support to Entrepreneurs Assignment 1 (Assignment 1:An Entrepreneur will be allotted 1 state and discussion wud be done on the Govt policies for support of Entrepreneur)5 Entrepreneurial Finance and Venture Capital6 Contd…Entrepreneurial Finance and Venture Capital7 Family Business: Opportunities and Problems of Small business in India Case Study: Akal Industries –Minnie Riat8 Case Study: Shree Renuka Sugar Mills Narender Kumar – G Autos9 Unit II: Understanding what a Project is and its Analysis Meaning of a Project and its Characteristics10 Project Management and Project Manager11 Case Study: Need of Project Management Bharati Heat Exchangers12 Case Study: Need of Project Management Decotile Ltd13 Facets of Project Analysis • Market Analysis • Technical Analysis • Financial Analysis14 • Economical Analysis • Ecological Analysis
15 • Feasibility Study of the project16 Generation and Screening of Project Ideas • Monitoring the environment • Corporate Appraisal17 Porter’s Model Assignment 2 Preliminary Screening Assignment2: Diagrammatically show the Porter’s five force model for any of the new product’s launched in the past 6 months18 • Project Rating Index • Sources of Positive NPV19 Unit III: Estimating Project Cost and preparing Financial Statements • Cost of Project • Sources of Finance20 • Cost of Production • Working Capital Requirement and its financing • Profitability Projection21 • Projected Cash Flow Statements • Projected balance Sheets Multi Year Projections22 Time Value of Money: • Time Line & Notations • Future Value of a single Amount • Present Value of a single Amount23 • Future value of an Annuity • Present value of Annuity • Intra-Year Compounding & Discounting24 Project Investment Criteria • Net Present Value • Modified Net Present value • Benefit Cost Ratio
25 • Internal Rate of Return • Urgency • Payback • ARR26 Project Cash Flow • Elements Of cash Flow Stream • Basic Principles of Cash Flow Estimation • Numerical27 Cost Of Capital • Introduction • Cost of Debt & Preference • Cost of Equity28 • Determining the various Proportions • WACC • Marginal Cost of Capital29 Unit IV: Risk Analysis of Single investment • Sources, Measures and Perspective on Risk • Sensitivity Analysis • Scenario Analysis • Break Even • Decision Tree Analysis30 Technical Analysis: • Manufacturing Process/Technology • Technical Arrangement • Material Input and Utilities • Product Mix31 • Plant Capacity • Location & Site • Machineries and Equipment • Structure and Civil Works
32 • Environmental Aspects • Project Charts & Layout33 • Schedule Of Project Implementation • Need for considering Alternatives34 Social Cost benefit Analysis: • Rationale for SCBA • UNIDO approach35 • Contd…UNIDO approach36 • LM approach Case study: Delhi Metro Project37 Financing Of Projects • Capital Structure • Means of Finance Equity Preference Internal Accruals Term Loans Debentures Working Capital Advance Miscellaneous Sources Raising Venture Capital38 Project Management • Forms of Project Organization • Project Planning and control • Human Aspects
39 Effective Project Communication: Case study of Union Chemicals40 Network Techniques of Project Management: Assignment :3 • Development of Project network Project • Estimation of Time Schedule & • Determination Of Critical Path Resources • Scheduling of activities Planning • Network cost estimates41 Project Reviews - Post Completion Audits42 Contract Management Remedies and implications