Chapter $5-$ Estimating Project Times and Costs

Why are accurate estimates critical to effective project management?

What are the major types of costs in a project? Which costs are controllable by the project manager?

Chapter $6-$ Developing a Project Schedule

From the following information, develop an AON project network.

Complete the forward and backward pass, compute activity slack, and identify the critical path. How many days will the project take?

ID

Description

Predecessor

Time

A

Survey site

None

$2$

B

Excavate site

A

$4$

C

Install power lines

B

$3$

D

Install drainage

B

$5$

E

Pour foundation

C$,$ D

$3$

Read this and answer the questions thank you $.$

Once you are clear that yes, your idea is feasible, then you need to move on you to$,$ uh$,$ you know, start writing a business plan.

Uh$,$ and before you do that, of course, you have to also figure out, you know, who are your competitors and do look at the industry,

analyze the industry and the competition in order to create a winning business plan.

And that's exactly what, uh$,$ video with, uh$,$ venture capitalist Vish Mishra is about.

He talks about how do you create winning business plans.

Uh$,$ the reading material for this is there's a chapter in the book in the Barrington,

Ireland textbook on industry and competitor analysis, and another one also on$,$ uh$,$ chapter six is on business plans.

So you need to read those two chapters. And then the first mile book as well has the chapter on business planning.

And last but not least, uh$,$ we would definitely recommend that you check out the link to the Silicon Valley Business Plan competition,

because we have a business plan format that that's tried and tested.

So we would definitely urge you to look at that business plan format that you could then use for your business plans, the homework and assessment.

You need to watch the DoorDash videos and define Doordash's business plan.

And then also there's an assessment based on the industry and competitor analysis, uh$,$ chapter.

And last but not least, you start creating an initial business plan for your startup idea as a group.

Wonderful for students. Now you have a business plan in the works.

We're at module three. Module one.

We did Introduction to entrepreneurship. Module two the idea and the feasibility of the idea.

And today we have a rare opportunity to have the entrepreneur, the mentor, the venture capitalist with us$,$ Vish Mishra.

He's a legend in the Valley.

And he has taken time to impart to share his generous knowledge with you guys on module number three, which is what is a winning business plan.

So a little bit about. Vish Mishra.

He's a mentor to all of us$.$ Even though I$\text{'}$m pretty old, but he still is a mentor.

And, uh$.$ But which is a seasoned Silicon Valley VC and entrepreneur, has $40$ plus years of experience in the tech industry.

General partner at Clare Stone Venture Partners $700$ million invested $100$ plus technology companies have uh$,$ benefited from his investments.

Um notable startups PayPal, EY toys, build ask supply, A$-$frame to name a few.

Um$,$ currently. Oh$,$ uh$,$ what key thing he was a co$-$founder of$.$

Excellent. With another gentleman called, uh$,$ Canva.

Ricky, who's a phenomenal entrepreneur. So$?$ So Vish and Conwell did, uh$,$ excellent together.

Was the first Indian company to go IPO. And, uh$,$ it was acquired for $225,000,089,$ probably in today's term, wish, uh$,$ a few billion dollars or more.

Uh$,$ I would say yes. Yeah. Okay. And and he then went on to start $500,$ uh$,$ uh$,$ CEO of five startups.

Wishes. Known for his role as mentor capitalist um currently sitting on in companies like, well, many killer,

uh$,$ cloud volumes, etc. and uh$,$ San Jose Mercury news called him a Silicon Valley personified.

So with that, the, uh$,$ Doctor Basil, you want to add anything?

No$.$

It's a pleasure to have you, uh$,$ vish in the in this class with the students are super lucky, and so are we to have the opportunity to speak with you.

And, uh$,$ let's get started. Okay.

Uh$,$ so$,$ so$,$ so wish to start you off.

What? You know, this is your you've seen thousands of business plans.

What is the winning business plan? And how can our students create a winning business plan?

Yeah, well, thank you, uh$,$ very much. Uh$,$ but first of all, let me just, uh$,$ express my gratitude.

Uh$,$ I don't know, you gave me such a generous and flattering, uh$,$ introduction.

Uh$.$ So true.

I don't know which version you're talking about, but, uh$,$ uh$,$ but anyway, I$\text{'}$m$,$ uh$,$ very blessed, uh$,$ to be in this country for many, many years.

And I think all the students who are online and you are all aspiring entrepreneurs, and I wish you all the best.

And, uh$,$ I wanna share my$,$ um$,$ my experience and, uh$,$ my journey, uh$,$ a little bit.