A CRITICAL ANALYSIS OF BUSINESS PLANNING & PROJECT MANAGEMENT PROCESS OF ENTREPRENEURS IN INDIA

This paper provides a brief overview of the business planning process and as you know, planning is a crucial part of the business development process, providing the prospective business owner with valuable insight into the feasibility of a business idea. Business plans are used to demonstrate the feasibility of a business idea, to provide a blueprint for operating that business, and to provide documentation needed to secure funding and financing. Also, in this paper some stages of planning, marketing, business definition, financing and cash flow, making the plan work and related topics will be indicated by passing summary of applying of QFD (Quality Function Deployment) tools for increasing productivity and performance improvement.At the start of any project, there will be a variety of ideas and opinions about thepurpose and scope of the project, what the final product of the project will be, and how the project will be carried out. The Project Initiation Stage is concerned with taking these ideas and intentions and developing them into a formal, planned, resourced and funded project. In order to define a project in this way, it is first necessary to clearly and explicitly define what the project is intended to achieve and what its scope of interest will be. By defining this first, a benchmark is created for assessing the quality of what is actually produced at the end of the project. It is also necessary to develop a process by which the project objectives can be achieved