1.
Technopreneurship
CpE 521 - 55053
Group 2
Presented by:
Danzander, Diestro:

2.
•Consists of temporary activities that have predetermined
start and end dates.
•Uses restricted resources.
•It has a single goal or a set of goals.
•All events are to be realized to develop a single and new
output.
•Usually has a budget.
•Usually a project manager is responsible for co-
ordinating all activities.
CHARACTERISTICS OF A PROJECT

3.
1. Civil Engineering, Construction, Petrochemical,
Mining, and Quarrying Projects
2. Manufacturing Projects
3. Management Projects
CLASSIFICATION OF PROJECTS

4.
1. Initiating Process
2. Planning Process
3. Executing Process
4. Managing and Controlling Process
5. Closing Process
PROJECT LIFE CYCLE

5.
1. Initiating Process
•The first step of the project lifecycle, initiating,
helps get the project off to a good start and creates
an environment of shared understanding and
engagement with key stakeholders. Develop a
project charter from the start—it should provide
the business case, authorize the project
(committing resources for it), and identify key
stakeholders and governance.
PROJECT LIFE CYCLE

6.
2. Planning Process
•Project planning begins with engaging an
experienced, capable project manager, who can
bring the key stakeholders together to confirm the
project’s objectives and secure commitment of
resources. The project management plan that
emerges should clearly articulate the objectives,
milestones, and resources that the project requires
to succeed.
PROJECT LIFE CYCLE

7.
3. Executing Process
•Executing the project can only begin once proper
planning is complete. The project manager now
begins to assemble the project team and focuses
on actuating the project plan. The project is now
moving ahead and resources, procurements,
installations, documentation, etc. are all being
executed.
PROJECT LIFE CYCLE

8.
4. Managing and Controlling Process
•Managing expectations is only part of the
equation—monitoring and controlling the project—
is required to ensure the project stays within the
constraints identified in the planning stages of the
lifecycle.
PROJECT LIFE CYCLE

9.
5. Closing Process
•Now the project is done and everyone is ready to
move onto the next project—but a missed
opportunity awaits those who do not take the time
to formally close the project.
PROJECT LIFE CYCLE

10.
1. Project conception and initiation
2. Project definition and planning
3. Project launch or execution
4. Project performance and control
5. Project close
PHASES OF PROJECT

11.
1. Project conception and initiation
•An idea for a project will be carefully examined to
determine whether or not it benefits the
organization.
• During this phase, a decision making team will
identify if the project can realistically be completed.
PHASES OF PROJECT

12.
2. Project definition and planning
•A project plan, project charter and/or project scope may
be put in writing, outlining the work to be performed.
•During this phase, a team should prioritize the project,
calculate a budget and schedule, and determine what
resources are needed.
PHASES OF PROJECT

13.
3. Project launch or execution
•Resources' tasks are distributed and teams are
informed of responsibilities. This is a good time to
bring up important project related information.
PHASES OF PROJECT

14.
4. Project performance and control
•Project managers will compare project status and
progress to the actual plan, as resources perform the
scheduled work.
•During this phase, project managers may need to adjust
schedules or do what is necessary to keep the project on
track.
PHASES OF PROJECT

15.
5. Project close
•After project tasks are completed and the client has
approved the outcome, an evaluation is necessary to
highlight project success and/or learn from project
history.
PHASES OF PROJECT

16.
ROLES AND RESPONSIBILITIES OF PROJECT MANAGER
•Activity Planning and
Sequencing
•Cost Estimating
•Creating Charts and Schedules
•Developing a Budget
•Developing Schedules
•Managing Risks and Issues
•Planning and Defining Scope
• Resource Planning
• Strategic Influencing
• Team Leadership
• Time Estimating
• Working with Vendors

17.
WHY DO WE NEED OF PROJECT MANAGEMENT IN ENTREPRENEURSHIP?
Project Management Do Entrepreneurs need to adapt?
Shared Vision
Without Vision, .It’s like Football
game without goal Post.
Well Organized or Planned
Yes, Planning is MUST for every
Organization.
Execution and Control
Execution of Idea and creating
Product out of it, needs good
control & tracking of activities.
Good Communicator
To efficiently communicate Idea,
Vision with all the stakeholders to
get their buy-in.

18.
Project Management Do Entrepreneurs need to adapt?
Shared Vision
Without Vision, .It’s like Football
game without goal Post.
Well Organized or Planned
Yes, Planning is MUST for every
Organization.
Execution and Control
Execution of Idea and creating
Product out of it, needs good
control & tracking of activities.
Good Communicator
To efficiently communicate Idea,
Vision with all the stakeholders to
get their buy-in.
WHY DO WE NEED OF PROJECT MANAGEMENT IN ENTREPRENEURSHIP?