Intrapreneurship skills are required to be a project manager

Abstract

The current global market for their capital equipment requirement to fulfill their project needs looks for the supplier point of contact is unique, Knowledgeable with high degree of accountability. The Project Manager who is the one holding complete ownership for a project, handling throughout project life cycle in manufacturing industries. Hence, it is mandatory that Project Manager should possess and demonstrate entrepreneurship behaviors throughout the project life cycle. Thus, entrepreneurship skills for the Project manager as an employee of an organization shall be termed as “Intrapreneurship”. This type of behavior will be more beneficial in the larger industries like heavy construction, fabrication, EPC and original equipment manufacturing industries where the project execution deployed professionally. Aim of the project manager to exhibit entrepreneurial value by discovering requisites skills, market value and proven processes to create project management function with high efficiency. This type of skills are not mandatory to other stake holders in the same firm as their contribution towards the project life cycle is confined to some extent only. On the other hand, the project managers, who are handling the project throughout the complete lifecycle from purchase order receipt until warranty completion as per contract that includes all activities such as preparing the master schedule, sub-supplier purchase order, budget allocation, progressive payment and other milestone payment collections, monitoring the project revenue, control over the spend on projects, exploring change management, impact due to rework, rejection and cost of poor quality etc., Intrapreneurship project manager possesses an enterprise mindset to complete the project successfully and deliver the best results within the budget and on time delivery.