Fundamentals of Project Management & Entrepreneurship

Fundamentals of Project
Management &
Entrepreneurship
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lecture of
Fundamentals of Project
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Management &
Entrepreneurship
prepared by
Fundamentals of Project Management & Entrepreneurship
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Fundamentals of Project management
The Definition and
Chapter I nature of project
management
The Definition and

01
Chapter II nature of business
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projects
02
Chapter III Stages of creation and
03 building business
projects
04
Chapter IIII Small business
projects
1
Activity
Explain the stages of creating and building business projects..!
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5 minutes
Chapter III
Stages of creation and building
business projects
7
Starting
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6
The the
5
administrative activity
4 Establishing organization
3 Choosing the project of the project
the legal
2 A detailed form of
The emergence of The feasibility the
the idea of the preliminary study
project.
project
feasibility
study
The first
stage
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The emergence of the

project idea.
The focus of the idea of any project is the
realization that there is a specific need for a
particular good or service, and this need is either
not completely satiated, or is not satisfactorily
satisfied so that there is an opportunity to
improve satisfaction through the activity of the
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new project, that is, the idea is the subject of the

activity that the project that the founder or
founders are interested in is expected to engage
in and see that this idea or activity is
commensurate with the available material and
technical capabilities and that it will contribute
to filling a basic need of the market.
The emergence of the idea of the project
Project
marketing Project workers
1 The idea may be generated 4
management by itself or specifically with
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the founder, and there may

be Multiple sources from
Project Management ,which
Research and ideas can be obtained Universities
development regarding new activities for and scientific
2 existing projects. 3
department research
centers
The areas that could be an area for new ideas may
be the following
The idea of a new The idea of a
1 3
project. joint venture.
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4 Idea for a new

The idea of a 2 activity for an
new marketing. existing project.
However, it must be noted that the
mere existence of the idea in itself is
not sufficient to establish the project,
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but rather it must be linked to plans

and material and human capabilities so
that it becomes a tangible reality and
only then the project is born.
The second
stage
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The preliminary
feasibility study.
Explain the preliminary
Activity
feasibility study:
03
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This stage aims to ensure the
economic soundness of the project idea,
meaning that the expected economic and
social returns from the project are
commensurate with the costs,
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investments, and sacrifices that the

individual or society will bear in order to
establish the project.
This stage will determine whether it
is feasible to complete the other stages or
to stop at this level of assessment.
The preliminary feasibility study:
In general, the initial feasibility study stage should verify
the following tools
01 02 03
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Availability of Availability of Availability of Availability of

marketing the productive, opportunities the ability to
opportunities financial and for the achieve an
for the human continuity and appropriate
project's Elements. growth of the return on
products. project. investment.
The Third
stage
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Detailed feasibility
study.
A detailed feasibility study
Environmental
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Financial
Study Study
Marketing Technical
Study Study
If the preliminary feasibility study that was conducted in the previous
stage showed the validity of the idea, it will move to the next stage, which
includes the following elements of the study:
(1) Environmental Study:
This study aims to identify:
1. The extent to which the project to be established is consistent with the
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prevailing regulations and laws in the country regulating the business

sector.
2. The extent to which the project is appropriate and in line with the
values, customs and traditions prevailing in the surrounding
community.
3. Knowledge of distribution markets, capital markets, and investment
sources available to it.
4. Knowing the technological aspects present in the surrounding
environment and research centers within the scope of the project under
study.
5. Availability of physical, financial and human resources in the
surrounding environment (such as raw materials, roads, various services,
water sources, electricity, infrastructure).
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(2) Marketing Study:

This study includes identifying the extent to which there is a marketing
opportunity for the products of the proposed project or not. It thus covers
two main aspects:
1. The first aspect: Knowing the expected demand for the project's
products.
2. The second aspect: Knowing the desires and opinions of consumers
regarding the proposed products.
(3) Technical Study:
The technical study aims to identify the viability of the project from
the technical point of view and the various alternatives that can be
evaluated and selected in light of market considerations and the available
financial capabilities. The basic elements of the technical feasibility study
are as follows:
1. Choose the project site.ibaotu.com
2. Determining the expected production volume.

3. Determine product types.
4. Determining the technology used (automatic-semi-automatic- manual)
5. Determine the sources from which we obtain equipment.
6. Determining maintenance systems and means.
7. Determine the necessary road networks.
8. Determine the sequence of production processes.
(4) Financial Study:
This study aims to determine and forecast the expected profit
during the project years. It also includes identifying the elements of
expected revenues and expenses distributed over the time periods in
which revenues are realized and expenses are realized.
The income items of the project are as follows:
 Revenue from the sale of project products.

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 Revenue from the sale of some production waste.

 In return for consulting or technical services provided by the project to
others.
The most important items of expenses are as follows:
 Construction and incorporation expenses.
 Expenses of the first cycle of production and marketing.
 Interests due on loans during the project construction period.
The fourth
stage
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Choosing the legal

form of the project.
Undoubtedly, the previous stage would have ended us with an almost
complete conception of the project in terms of its size, markets, types of
production, funds, equipment and personnel needed for it. All of this will help
us in choosing the appropriate legal form, and it is usually possible to choose
between the following alternatives:
Individual project
General Partnership 1 Joint Stock
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Company Company/ Stock

2 Company
5
Limited Partnership Limited Liability
3 6 Company
Partnerships Particular Partnership

4 7 Company
The Fifth
stage
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Establishing the
Project.
Establishing the Project
After completing the studies that proved the feasibility of

the project, and after agreeing on the appropriate legal form,
the actual establishment phase of the project begins. Usually, a
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temporary administrative group is formed on behalf of the

founders to undertake the actual embodiment of the project
from an idea to an already existing entity. Among the most
important things that this temporary group does (for joint
stock companies, for example) are the following:
1. Offering shares for public subscription to raise capital
and the necessary additional capital if the founders have
financed part of the capital, which is the usual situation.
2. Establishing the basic and initial administrative
organization for the project.
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3. Selecting individuals or administrative leaders to fill the

administrative positions that need to be filled in the
early stages of the project's life.
4. Concluding the necessary contracts for obtaining lands,
buildings, machinery and necessary equipment.
Sixth stage
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Administrative
organization of the
project.
Administrative organization of the project
Organizing is a basic function of

management, and administrative
organization is a means of
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coordinating human efforts

through an organized collective
effort to achieve the goals.
Seventh
stage
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Starting the activity.

Starting the activity
After completing all of the above, the

permanent management body will be
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selected, which will complete the

functional structure and work systems
and start the project operation
process.
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Thanks
For
Listening

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Fundamentals of Project

The Definition and

The emergence of the

new project, that is, the idea is the subject of the

the founder, and there may

4 Idea for a new

but rather it must be linked to plans

investments, and sacrifices that the

Availability of Availability of Availability of Availability of

prevailing regulations and laws in the country regulating the business

(2) Marketing Study:

1. Choose the project site.ibaotu.com

2. Determining the expected production volume.

 Revenue from the sale of project products.

 Revenue from the sale of some production waste.

Choosing the legal

Company Company/ Stock

Partnerships Particular Partnership

After completing the studies that proved the feasibility of

temporary administrative group is formed on behalf of the

3. Selecting individuals or administrative leaders to fill the

Organizing is a basic function of

coordinating human efforts

Starting the activity.

After completing all of the above, the

selected, which will complete the

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