Project management and the entrepreneur

Creating a business out of an idea is complex and highly sophisticated process, one that requires the identification and verification of many facts and the elimination of guesswork, one that also involves controlling expenditures of limited resources so that the business can operate profitably in high-risk environments. It is a process that is can be successfully accomplished when entrepreneurs adopt and apply the principles of project management to starting a business. This article describes the relationships between the basics of project management—managing scope, time and cost, and risk—and the demands and challenges of entrepreneurial enterprises.
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