NOIDA INSTITUTE OF ENGINEERING & TECHNOLOGY

GREATER NOIDA

B.TECH – VIIth Semester

Entrepreneurship Development & IPR
UNIT 4 : PROJECT MANAGEMENT
By

Kshitij Chandra
Assistant professor
Department-MBA
NIET, GREATER NOIDA
 INDEX / CONTENT
Sr. No. INDEX
1 Name of Subject with code, Course and Subject Teacher
2 Brief Introduction of Faculty Member with Photograph
3 Evaluation Scheme
4 Syllabus
5 Branch-wise Application
6 Course Objectives
7 Course Outcomes
8 Programme Outcomes (PSOs)
9 COs and POs Mapping
10 Lecture related topic

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Faculty Introduction

Faculty Name: Kshitij Chandra

Designation: Assistant Professor (School of Management, Department of MBA)
Area of Interest: General Management, Human Resource Management, Operations
Management
Educational Qualification:
BBA – Hindu College, Sonipat.
MBA- Birla Institute of Technology, Mesra , Ranchi (Jharkhand)
Total Experience : 2 years
Email address : [email protected]

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Subject Syllabus

Unit –I
•Entrepreneurship: need, scope,
•Entrepreneurial competencies & traits,
•Factors affecting entrepreneurial development,
•Entrepreneurial motivation (Mc Clelland Achievement motivation theory), conceptual model
of entrepreneurship,
•Entrepreneur vs. intrapreneur;
•Classification of entrepreneurs; Entrepreneurial Development Programmes.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Subject Syllabus

Unit –II
•Introduction to Innovation,
•Entrepreneurial Idea Generation and Identifying Business Opportunities,
•Management skills for Entrepreneurs and managing for Value Creation,
•Creating and Sustaining Enterprising Model & Organizational Effectiveness,
•New initiatives taken by the Government to promote entrepreneurship in India at a
larger scale.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 SYLLABUS

UNIT III
Introduction to intellectual property right (IPR).
Intellectual property and its protection
Forms of Protection depending on product; Patent, copyright, trademark,
design know how, trade secrets etc.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 SUBJECT SYLLABUS
UNIT IV
Project management: meaning, scope & importance
Role of PROJECT manager; project life-cycle
Project appraisal: Preparation of a real time project feasibility report containing
Technical appraisal; Environmental appraisal
Market appraisal (including market survey for forecasting future demand and sales)
and Managerial appraisal.
Introduction to the Project Management tool like P6 Primavera Enterprise Project
Portfolio Management

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 SUBJECT SYLLABUS
UNIT V

Project cost estimation & working capital requirements, sources of funds, capital
budgeting, Risk & uncertainty in project evaluation, preparation of projected financial
statements viz. Projected balance sheet, projected income statement, projected funds &
cash flow statements, Preparation of detailed project report, Project finance

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Outcomes

PROJECT MANAGEMENT

Unit:4

Subject Name
Entrepreneurship Development & IPR

Kshitij Chandra
Course Details Department of MBA
B.Tech 7th Semester

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 CONTENT UNIT -4

Project management: meaning, scope & importance

Role of PROJECT manager; project life-cycle
Project appraisal: Preparation of a real time project feasibility
report containing Technical appraisal; Environmental appraisal
Market appraisal (including market survey for forecasting future
demand and sales) and Managerial appraisal.
Introduction to the Project Management tool like P6 Primavera
Enterprise Project Portfolio Management

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 COURSE OUTCOMES

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Educational Outcomes
PEO1: Conceptual Knowledge to adapt in rapidly changing environment and learn new
skills and demonstrate application of management principles in professional work setting.

PEO2: Apply appropriate tools for decision making for solving complex managerial
problems in local or global context.

PEO3: Exhibit Integrity, social responsibility and teamwork.

PEO4: Exhibit ethics, communication skills, leadership qualities and entrepreneurial

mindset.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Unit Objectives
Explore the dimensions of Project Management , its importance and scope.
Understanding Project life Cycle and Role of Project Manager.
Developing an understanding about Project Appraisal , Technical Appraisal ,Market
Appraisal and Managerial Appraisal.
Developing an understanding of various Project Management tools like P6
Primavera ,Enterprise Project and Portfolio Management.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Outcomes

1. Engineering knowledge: Apply the knowledge of mathematics, science, engineering fundamentals, and an
engineering specialization for the solution of complex engineering problems.
2. Problem analysis: Identify, formulate, research literature, and analyse complex engineering problems reaching
substantiated conclusions using first principles of mathematics, natural sciences, and engineering sciences.
3. Design/development of solutions: Design solutions for complex engineering problems and design system
components or processes that meet the specified needs with appropriate consideration for public health and safety, and
cultural, societal, and environmental considerations.
4. Conduct investigations of complex problems: Use research-based knowledge and research methods including
design of experiments, analysis and interpretation of data, and synthesis of information to provide valid conclusions.
5. Modern tool usage: Create, select, and apply appropriate techniques, resources, and modern engineering and IT
tools, including prediction and modeling to complex engineering activities, with an understanding of the limitations.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Outcomes

6. The engineer and society: Apply reasoning informed by the contextual knowledge to assess societal,
health, safety, legal and cultural issues and the consequent responsibilities relevant to the professional
engineering practice.
7. Environment and sustainability: Understand the impact of the professional engineering solutions in
societal and environmental contexts, and demonstrate the knowledge of, and need for sustainable
development.
8. Ethics: Apply ethical principles and commit to professional ethics and responsibilities and norms of
the engineering practice.
9. Individual and teamwork: Function effectively as an individual, and as a member or leader in
diverse teams, and in multidisciplinary settings.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Outcomes

10. Communication: Communicate effectively on complex engineering activities with the

engineering community and with the society at large, such as, being able to comprehend and write
effective reports and design documentation, make effective presentations, and give and receive clear
instructions.
11. Project management and finance: Demonstrate knowledge and understanding of the
engineering and management principles and apply these to one’s own work, as a member and leader
in a team, to manage projects and in multidisciplinary environments.
12. Life-long learning: Recognize the need for and have the preparation and ability to engage in
independent and life-long learning in the broadest context of technological change.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Program Educational Outcomes

PEO1: Conceptual Knowledge to adapt in rapidly changing environment and learn new skills
and demonstrate application of management principles in professional work setting.

PEO2: Apply appropriate tools for decision making for solving complex managerial
problems in local or global context

PEO3: Exhibit Integrity, social responsibility and teamwork

PEO4: Exhibit ethics, communication skills, leadership qualities and entrepreneurial mindset

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 COURSE OUTCOME

Course Outcome At the end of course, the student will be able to

CO1 Explore the dimensions of Project Management , its K1, K2
importance and scope.
CO2 Understanding Project life Cycle and Role of Project K3, K4
Manager.
CO3 Developing an understanding about Project Appraisal , K4
Technical Appraisal ,Market Appraisal and Managerial
Appraisal.
CO4 Developing an understanding of various Project K2
Management tools like P6 Primavera.
CO5 Explore the dimensions of Enterprise Project and K4, K5
Portfolio Management.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 CO-PO MAPPING

Sr. Course PO1 PO2 PO3 PO4 PO5

No Outcome

1 CO 1 H H M
2 CO 2 M H
3 CO 3 H M M
4 CO 4 H H
5 CO 5 H H M

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PSO MAPPING

Course Outcomes

Program Specific Outcomes

1 2 3 4 5

1 M H H H H

2 M H

3 H M M M

4 H H M M

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 TOPIC MAPPING WITH CO

TOPIC MAPPING WITH

CO
Explore the dimensions of Project Management CO3
Importance and scope of Project Management CO3
Understanding Project life Cycle CO3
Role of Project Manager. CO3
Understanding about Project Appraisal , Technical CO3
Appraisal ,Market Appraisal and Managerial Appraisal.
Feasibility analysis CO3
Developing an understanding of various Project Management tools CO3
Dimensions of Enterprise Project CO3

Tools of Project Management. CO3

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT - MEANING

• A project is a temporary endeavor with a defined objective by a team or

individual to create a specific outcome. It has a beginning, middle, and end and
involves planning, executing, and controlling resources (such as time, money,
and people) to achieve the desired results. Projects can range from small,
short-term efforts to large, complex, long-term initiatives. In a nutshell, a
project is a goal-oriented, organized effort.
Project examples:
•construction of a new building
•launching a new website

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT MANAGEMENT
• Project management is the process of using skills, knowledge, and methods
to achieve project goals within a budget and time limit. Project scope is the
work required to deliver a product or service, and project scope
management is the process of outlining, tracking, and closing tasks to meet
project goals.
• Project management is important because it helps ensure projects are
completed on time, within budget, and to the expected quality. It also helps
identify and mitigate risks, manage resources, and keep stakeholders
informed.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 SCOPE & IMPORTANCE OF PROJECT MANAGEMENT

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 SCOPE & IMPORTANCE OF PROJECT
MANAGEMENT

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 ROLE OF PROJECT MANAGER
A project manager's role is to lead and manage a project from start to finish, ensuring that it's delivered on time, on
budget, and within scope:
1. Planning: Define goals and roles, plan tasks, and create a budget
2. Organizing: Gather resources, delegate work, and build a team
3. Directing: Ensure the team is working towards the project's goals, and monitor progress
4. Controlling: Manage risks, deal with changes, and ensure the project meets quality standards
5. Closing: Deliver the project and ensure it meets the expected outcomes
6. Communicating: Interact with stakeholders and communicate project updates
7. Documenting: Use project management tools to document the project's process
8. Budgeting: Review the budget regularly, and reallocate funds if necessary
9. Improving: Continuously look for ways to improve the project.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT LIFE CYCLE
1. Initiation phase

2. Planning phase

3. Execution phase

4. Monitoring and controlling phase

5. Closing phase

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT LIFE CYCLE
1. Initiation phase
The initiation phase marks the beginning of a project, with the project manager defining the scope
and objectives. During this phase, it’s vital to align stakeholders on common goals and lay the
foundation for a successful project.
Next, the project manager creates a project charter, outlining the purpose, goals, and scope of the
project. This charter includes the following key information:
•Project purpose and justification
•Main objectives and deliverables
•Key stakeholders and team members
•Initial schedule and budget estimates
The project manager also conducts a feasibility assessment to determine if the project is realistic
and worthwhile.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT LIFE CYCLE

2. Planning phase
During the planning phase, the project manager develops a detailed project plan and
roadmap. This involves determining key scheduling details, resource allocation, and
risks that could impact the project. The goal is to create a comprehensive map of
how the team will execute the work.
3. Execution phase
During the execution phase, the team puts the project plan into action. The project
manager plays a key role in coordinating resources, including people, tools, and
materials, while also ensuring the team is well-informed about their individual tasks
and timelines.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT LIFE CYCLE
4. Monitoring and controlling phase
The monitoring and controlling phase involves regularly checking project progress and team
performance to ensure everything adheres to the project plan.
During this phase, the project manager identifies any deviations from the plan and budget,
determining the cause to take corrective action. Tools such as status reports, time tracking,
budget reports, risk management plans, and stakeholder reviews make it easy to see the
most important metrics and milestones. To make changes to the plan, team members should
submit a change request for approval.
5. Closing phase
The closing phase marks the formal end of a project. During this phase, the focus is on
getting final approvals and sign-offs, conducting a post-project review, identifying what went
well, determining areas for improvement, and documenting lessons learned. These activities
foster a culture of continuous learning and promote accountability and transparency.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT APPRAISAL

Project Appraisal is the process of evaluating a project’s potential for success

before its execution. It involves a detailed analysis of various aspects of the project,
such as feasibility, costs, benefits, risks, and alignment with strategic objectives.
The goal is to assess whether the project should move forward, be modified, or be
rejected.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT APPRAISAL

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 PROJECT APPRAISAL

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Preparation of a real time project feasibility
report
1. Preliminary Study and definition

2. Forecast Income Statement

3. Plan Company Structure and Operations

4. Generate Balance Sheet

5. Data Examination and Final decision

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Preparation of a real time project feasibility report

Conducting a feasibility study is crucial for assessing the viability of a project or business
opportunity. By analyzing financial projections, market demand, and operational requirements,
organizations can make informed decisions about whether to proceed.
This section explores the essential steps in conducting a feasibility study, assisting in effective
decision-making and project success.
1. Preliminary Study and Definition
A preliminary study involves defining the project's objectives, scope, and potential impact.
It identifies market demand, target audience, and project constraints. This step provides
the foundational understanding needed for further analysis.
2. Forecast Income Statement
This section estimates the project's financial performance by projecting revenues,
expenses, and profits. It includes a detailed breakdown of income streams, operating
costs, and profitability metrics. The goal is to assess the project's financial viability.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 Preparation of a real time project feasibility
report
3. Plan Company Structure and Operations
This step outlines the organizational framework, roles, and operational processes. It ensures
resource planning, workflow efficiency, and alignment with project goals. A clear structure
optimizes management and execution.
4. Generate Balance Sheet
A projected balance sheet highlights the project’s financial position by listing assets,
liabilities, and equity. It evaluates funding requirements and resource allocation. This
analysis provides a snapshot of financial sustainability.
5. Data Examination and Final Decision
This phase consolidates all findings to assess risks, profitability, and feasibility. It uses
financial metrics and qualitative factors to guide decision-making. The final decision
determines whether to proceed, revise, or terminate the project.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 An Example of Feasibility Study

Conducting a feasibility study is imperative in manufacturing before embarking on projects like

electric vehicle (EV) production. Manufacturers can ensure informed decisions and successful
ventures by assessing market demand, financial viability, and technical feasibility.
This comprehensive approach guarantees alignment with market dynamics and technological
requirements, fostering competitiveness and sustainable growth in the manufacturing sector.
1. Manufacturing Aspect: Let’s consider the production of electric vehicles (EVs) as an example
within the manufacturing sector. Before starting the manufacturing process, a comprehensive
feasibility study is essential to assess various aspects of the endeavor.
2. Financial Aspect: Assessing the financial viability of manufacturing EVs involves analyzing the
estimated costs of production, including labor, materials, components, and overhead expenses.
Additionally, projected revenue from EV sales must be compared against production costs to
determine if the venture is financially possible and can generate a sustainable return on
investment.

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra

 An Example of Feasibility Study

3. Market Aspect: Conducting a market feasibility study involves identifying

target demographics for EVs and analyzing consumer preferences and
purchasing behaviors. Market research helps estimate potential market demand,
determine pricing strategies, and identify market trends and growth
opportunities.
4. Technical Aspect: Evaluating the technical feasibility of manufacturing EVs
entails analyzing production processes, resource requirements, and technological
capabilities. This includes assessing manufacturing facilities, equipment needs,
supply chain logistics, and compliance with regulatory standards. Technical
feasibility studies ensure that the manufacturing process is optimized for
efficiency, quality, and scalability.
Subject: Entrepreneurship Development & IPR By: Kshitij Chandra
 PROJECT MANAGEMENT TOOLS
Oracle Primavera P6 Enterprise Project Portfolio Management (P6 EPPM) is a project
management tool that helps users plan, manage, and execute projects, programs, and
portfolios. It offers a variety of features, including:
1. Gantt charts: Visualize project schedules and track progress with Gantt charts that
show project phases, dependencies, and milestones
2. Risk management: Identify, analyze, and mitigate potential risks
3. Dashboards: Customizable dashboards provide real-time insights into project
metrics
4. Reporting and analytics: Track project performance and analyze projects in detail
5. Critical Path Method (CPM): Identify the longest dependent activities and the
minimum time needed to complete a project
6. Work Breakdown Structure (WBS): Create a comprehensive WBS to organize team
efforts and resources

Subject: Entrepreneurship Development & IPR By: Kshitij Chandra