BUSINESS PLANNING AND PROJECT

MANAGEMENT

Faculty Name : Ms. Supriya Kamale

Contents
Unit 1 – Planning and Forecasting
planning -Introduction, Meaning, Definition, Characteristics, Objectives, Nature of planning, Advantages and
limitations of planning, Levels of planning, Types of Plan, Steps in planning process, Who needs a business plan ,
Types of Business plan, Elements of Business plan, Purpose of business plan, Errors to be avoided in formulating
Business plan. Forecasting- Introduction, Meaning, Definition, Difference between Forecasting and Planning, Steps
in Forecasting.

Unit 2 – Introduction to project management and project organisation, Project Initiation Introduction to Project
Management-Definition of a “Project”, Classification of Projects, Why project Management, Characteristics of
project management, Need of project management, Hierarchy of Project Components, Steps of Project Management,
Project planning, Strategic levels of planning, Management by objective, Project Decision model, Project
Implementation model, Introduction to PERT and CPM, Difference of PERT and CPM Project organisation-
Definition of organization structure, Organization work flow Process, Types of Organization Structure, Forms of
Organization. Project initiation -Project Selection Meaning, Criteria of project selection (Models), Types of project
selection, Meaning of project manager, Role of Project Manager, Importance of Project manager, Role of Consultant
in Project Manager, Selection Criteria for project manager/ Qualities of Project Manager, Importance of project
planning, Functions of Project Planning, System Integration, Project Management Life cycle.

2
Contents

Unit 3– Project Feasibility Analysis, Project Monitoring and Controlling, Project Termination Project
Feasibility Analysis-Meaning / Definition of Project Feasibility, Importance of Project Feasibility, Scope of
Project Feasibility, Types of Project Feasibility, SWOT Analysis, Project Feasibility Study Project
Monitoring and Controlling -Introduction to Project Monitoring and Controlling, The Planning –
Monitoring – Controlling Cycle , Project Auditing – Life Cycle, Computerized Project Management
System (PMIS)Project Termination -Project Termination meaning, Reasons of Termination of projects,
Process of terminating projects, Execution tools for closing of projects.

Unit 4 – Risk Management in Project, Modern Development in Project Management Risk Management in
Project-What is risk?, Types of Risk in projects, Risk management process, Risk Analysis and
Identification, Impact of risk handling measures, work breakdown Structure Modern Development in
project management -Introduction to in project management modern Development, Project management
maturity model, Continuous improvement, Developing effective procedural documentation, Capacity
Planning.

3
Prescribed Text books:

• Business Planning and Entrepreneurial Management - Veena Prasad, Deepali Kamle

• Project Management – Pawan Jhabak
• Project Management – Mona Abid

4
Unit No:1

Lecture No: 1
Introduction, Meaning,
Definition, Characteristics,
Objectives, Nature of planning
 What is a Business Plan

 The business plan is written document prepared by entrepreneur that describes all
the relevant external and internal elements involved in starting a new venture.

 A business plan is a written statement of what entrepreneur hope to achieve in

his/her business and how he/she going to achieve it.

 A business plan is a blue print of step by step process that would be followed to
convert business idea into successful business venture.

 A business plan also known as venture plan, loan proposal, investment proposal is
written document that details the proposed venture.

6 Introduction – Business Planning

Business Plan Myths

 When they have not written, why should I ?

 It is not required for my business.

 It is required only for the investor.

 Doing is more important than planning.

7 Introduction – Business Planning

Objectives of a Business Plan

 To give direction to the vision of entrepreneur.

 To evaluate future prospects of the business.

 To identify resources required to implement the plan.

 To provide guidelines to an entrepreneur for implementation of business plan.

 To monitor the progress after implementation of the plan.

 To seek loans from financial institutions.

8 Introduction – Business Planning

Objectives of Business Plan

 To facilitate the decision making process.

 To persuade others to join the business.

 To assess the operational and financial feasibility and market availability.

 To identify strengths and weaknesses present in the internal environment.

 To identify opportunities and threats in the external environment.

 To identify gap in management information required about competition and market.

9 Introduction – Business Planning

Characteristics of Business Plan

 Planning for business should be a process not an event. it is the process of planning
which will ensure focus, commitment and understanding, not the plan itself.

 The process should be continuous, frequently reviewed and updated. A "once a

year" formal meeting is likely to produce significant omissions, constrain creativity.

 It should directly involve everyone accountable for implementing the business plan.
The purpose of involvement is to secure deep understanding and commitment.

 When planning for business, organizations should have a good understanding of:
clients, their current and anticipated needs, behavior, market, macro factors,
competitive forces etc.

10 Introduction – Meaning and Relevance of Managerial Economics

Thank You