Project Management Model for Entrepreneurs: Entrepreneurship is becoming now a trend, but not everyone has the character and personal traits to be an entrepreneur. What are the PM value for entrepreneurship projects? In this presentation we discuss this topic including the SUKAD CAM2P™ Model

1. Project Management
Model for Entrepreneurs
Mounir A. Ajam
© 2008-2013 SUKAD

2. © 2008-2013 SUKAD

3. Regional Reality
Unemployment among youth is high and
growing to critical levels
Globally, entrepreneurs + SME are major
contributor to economic growth and
employment
Many in the region recognize this and are
promoting concept of entrepreneurship
but there are challenges and risks
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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4. The Challenges
Entrepreneurship is becoming a trend and
being an entrepreneur is cool; in the current
environment
Not everyone has the character and personal
traits to be an entrepreneur
The entrepreneurship ecosystem is still highly
immature across the region
Success require more than passion or ideas
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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5. The Risks
Failures --- which is fine, as a way to learn,
but can be demoralizing
Especially in our culture that ‘shame’ failure
North America stats: 1 in 5 (or 10) new
businesses survive beyond 5 years!
How to minimize threats and maximize
opportunities to enhance the chance of
success?
Proper business planning – but is it enough?
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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6. © 2008-2013 SUKAD

7. New Idea = Venture = Project
Every new idea of a business, or even NGO,
can lead to being a project
BEFORE Operations!
A project is what we need from idea to startup (opening our doors to provide services)
BEGIN Operations!
Once we are operational; we need projects
To develop new products or grow the business
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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8. 8
Product life cycle
From PMP Exam Prep Study Guide – Rita Mulcahy
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs

9. 9
Project Life Span “Cycle”
Idea
Initial
Decision
Pre-Project
Study
Transition
Phase 1
Phase 2
Phase n
Final
Accept
Start-up or
Commission
Intermediate Phases
Project Life Cycle
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
Final

10. The Stage Gate Process
Projects phases/stages typically include
gates at the end of the phase/stage
A Gate is a “decision point”
The number of gates varies
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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11. Importance of stage gates
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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12. Launch
Initial Ops
Detailed
Planning
PM
Planning
7
6
Close
Definition
Implementation
Close
Operation Readiness
FS:
PAD:
BRD:
Feasibility Study
Project Authorization Document
Basic Requirements Document
8
Project Implementation
PDP:
Ops:
COR:
Project Detailed Plan
Operation
Close Out Report
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
COR
PAD
FS
Idea
Pre-Launch
5
Accept.
Basic
Req’ts
Studies
Project Delivery
4
3
PM Plan
2
BRD
1
Development
PDP
Concept
Model
Handover
The SUKAD
2PTM
CAM
12

13. The SUKAD
2PTM
CAM
Model
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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14. © 2008-2013 SUKAD

15. Project vs. Business Plan
Usually the focus from
Business Schools is on
business planning. Which put
more emphasis on the
operation and management!
We need a proper feasibility
study that blend the business
focus with project
management focus; taking the
venture from idea to
operation smoothly!
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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16. 16
Requirements
Once we determine
feasibility (sound idea and
we can actually implement
successfully) it is time to
define all the requirements
(technical, business,
management …) to help us
focus our project and
deliver the business’
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs

17. Project Management Plan
With the requirements
defined AND stakeholders
aligned … we establish a
Project Management Plan!
The PM Plan purpose is to
develop a proper plan,
which will allow for the
smooth implementation …
and … operation readiness!
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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18. Implementation
Focus is on the BORING
stuff; office, licenses,
staffing …
and
The critical stuff:
$
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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19. Operation readiness
Operation readiness is
critical, which include
establishing IT and telecom
for the business, marketing,
proper HR policies,
recruiting, training …
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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20. References from our writings
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10 Entrepreneurship Myths and Thoughts from
Entrepreneurship Summit
http://blog.sukad.com/20121214/10-entrepreneurship-myths-andthoughts/
Is project management the missing link for
entrepreneurship?
http://blog.sukad.com/20121217/is-project-management-the-missinglink-for-entrepreneurship/
A project management model for launching a business
http://blog.sukad.com/20121219/a-project-management-model-forlaunching-a-business/
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs

21. SUKAD contact information
Main Website: http://www.sukad.com
Learning Division: http://learning.sukad.com
Solutions Division: http://solutions.sukad.com
Knowledge Portal: http://knowledge.sukad.com
English Blog: http://blog.sukad.com
Arabic Blog: http://blog-ar.sukad.com
SUKAD main email: info@sukad.com
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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22. SUKAD social media
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Facebook
Page: http://www.facebook.com/SUKADgroup
Group: https://www.facebook.com/groups/sukad/
Twitter: http://twitter.com/SUKADgroup
YouTube: http://www.youtube.com/user/SUKADipms
LinkedIn:
Page: http://www.linkedin.com/company/sukad
Group: http://www.linkedin.com/groups/SUKAD-GroupIntegrated-Project-Management
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs

23. From Facebook yesterday morning
© 2008-2013 SUKAD Group (www.sukad.com) – Project Management Model for Entrepreneurs
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24. Thank You
This presentation is per the
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Refer to access information on PM Knowledge Portal
© 2008-2013 SUKAD