1. Introduction to Entrepreneurship: Module 2 – Project Management
By Venture Highway

2. Why Discuss Project Management Now?
Entrepreneurship is Project Management.
An idea is nothing until you start moving it forward.

3. How Project Management Helps
A startup is an uncertain environment, and that uncertainty must be managed.
The number of tasks to be done will be enormous and will always grow. Those tasks must all be continuously prioritized and tracked.

4. Managing Uncertainty Types of Uncertainty: Technical Market
Types of Uncertainty:
Technical
Market
Organizational
Resource

5. Managing Uncertainty
Systematic Uncertainty Management Process – 4 steps:
State your hypothesis
List your assumptions
Create a plan to test your assumptions
Apply what you’ve learned

6. The Business Model Canvas
The Business Model Canvas breaks down your business model into 9 building blocks. The Value Proposition is TWO blocks – Problem and Solution, so we focus on each specifically.
The five step process for managing uncertainty must be applied to each block.
Hypotheses for each block must be tested and refined in order to build a viable business model

7. The Business Model Canvas
Sections of the Canvas:
Customer Segments
Value Propositions: Problem
Value Proposition: Solution
Channels
Customer Relationships
Revenue Streams
Key Resources
Key Activities
Key Partnerships
Cost Structure

8. Leadership Principles for Project Management
Set Goals
Create Project Charter (which you will do as teams)
Establish meeting rules
Create a schedule
Manage the schedule
Resolve issues quickly
Contingency plan

9. Project Management Tools
Common Software:
Microsoft Project
Sharepoint
Dropbox

10. Expectations, time commitment of team members
Project Charter
Team Goals
Expectations, time commitment of team members
Address known conflicts that may affect commitments
Determine the conflict resolutions process

11. Class Activity
Teams:
Pick a common project and write a plan to manage it using the 4 steps, including contingency planning.

12. For Next Class Create a Project Charter for your Team
Create a Project Charter for your Team
Determine how you will manage your Venture Accelerator Projects
Read Module 3 and complete the exercises in the Module so that you are ready to discuss
Explore the Venture Highway Business Model Canvas Tool